Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
84 comments:
as i said, it can't go past 5070 (maybe not even tomorrow)!!
Where is GB??
Somehow i feel he ll appear only if nifty touches 4930 tomo..
GB SIR
where are u ?
Ilango sir,
9H.RSI has given SELL which shall be confirmed by moving below 5010 (Low EMA)
Dear friend,
STATUTORY WARNING:
PREDITICTING MARKET DIRECTION INJURIOUS
TO HARD EARNED MONEY.
first i gone long and then changed to short.
Even today if price go down it's not good approach saying
with certanity during market hours this kind of news affect our
trading style. Anyway i forgot it, let it pass
@RG
you too sailing same boat
yestarday Ilango's comment was gem
BY
affected victim by dating boy
@Rajagopal,
Yes Jesse died believing he was a failure and relatively poor. From wikipedia, "Through unknown mechanisms, he yet again lost much of his trading capital, accumulated through 1929. Thus, on March 7, 1934, the bankrupt Livermore was automatically suspended as a member of the Chicago Board of Trade. It was never disclosed to anyone what happened to the great fortune he had made in the crash of 1929, but he had lost it all."
@ yoda,
I tried many times asking Ilango sir for a weekend class - but in vain. I feel he wants to remain (ironically) anonymous!!!
@ Amit,
"4995" seem to be the rising channel support currently. For more decisive break, 4970 need to be taken out.
BANK NIFTY HAS GIVEN SELL SIGNAL
@AM,
I think you'll learn to take what you want and leave the rest after a few times - esp if you limit your risk capital.
Don't blame GB, he's been getting a few knocks since last night here.
I think he does his own thing as he's entitled to and we make the decision to follow it or not, right?
http://bramesh-niftyoi.blogspot.com/
WE can see 5100 CE has seen reduction in OI are call writers covering der position for nifty to go up 5070
http://niftyrtcharts.blogspot.com/ For RT charts Intra day
@sateesh,
I think he simply doesn't have a min to spare these days. Maybe in the future.
yoda
i agree with u
TAKE IT OR LEAVE IT
this shud be the attitude
if u cant contribue, dont criticize
nobody is servant to us
and i think
AM is the same person who is posting his views since last night, using different ID's against GB
i lango sir
please luk into this
SIR EUROPEAN FUTUERS
VALUE CHANGE % CHANGE
DJStoxx 50 2,529.00 -23.00 -0.90
FTSE 100 5,083.50 56.50 1.12
DAX 30 5,958.00 -34.00 -0.57
CAC 40 3,404.00 -36.00 -1.05
S&P/MIB 18,872.00 344.00 1.86
Thanks Yoda on Mr LM. Joins Pluto,Aristotle,Socrates,Namstradamus,Tiruvalluvar,Bharati...so many wise men who dies poor - making us rich with their knowledge.
===
Satheesh - if I spare so much time for no benefit to me or my family in running a blog like this, my wife will have only three words to say. Talaq,talaq and talaq.
Where will he go for the time for week end classes ?(would LOVE to be in the front bench if there is one).
@ Warlockar,
BN confined to the range of 9225 to 9300.
The lower level is a buy area with a small SL.
"died poor"
btw : Satheesh - my wife says it will be just a SMS.
@Bhavesh you can check Live Nifty Breadth here
http://niftybreadthcharts.blogspot.com/
Advances are 900+ and Decline 300+
GOT UR POINT SIR
THANKS
@Raja sir
very concerned about you. If you stay here in just nifty the idiot in you will become wiser i wonder what will happen in the end. I think you will also be added to this list pluto,Aristotle,Socrates,Namstradamus,Tiruvalluvar,Bharati...s .
Dear Ilango - i have placed nifty buy order above 5045 and sell order below 5010 - Is this correct strategy ? Deepak
SIR
ALL EUROPEAN OPEN RED DOEN OVER 0.60%
EU and US futures sneezed and we caught fever
Deepak,
If it stops near 4995 or 4970, I would buy and
"5040" zone has already must have given some small intra sell points.
If holding the lows(4970-4995), Nifty attempts again 5035+, it would be a break out.
A move below 4995 will be an aggressive sell trigger.
San - No way. Haven't you heard of un-corruptable I...
for comments
Hai everyone
Nifty's triangle in hourly chart may have given a false move. But the triangle might look good if it trades above 5035 and 5068. I am posting the triangle here.
http://niftychartsandpatterns.blogspot.com/2010/06/niftys-triangle-in-hourly-chart.html
thank you
Ilango sir, in yr last comments levels are NF or NS?
Thanks
@ bizagra,
They are all spot levels.
EU recovering check live on http://ftsertcharts.blogspot.com/
tough day..deciding one..
tata metalik up 25 % in 3 days..subsidary of TISCO..
Sir,
Your bank nifty call is ultimate :), went long exactly at lower point
"5035" broken for the upsides.
Follow up should be firm and must stay above 5015.
@ Babu,
It is the simplest "Triangle boundaries".
If we do the simplest things consistently, we'll amaze ourselves.
Sir
as per reference to Babus comment ystrdy..
"hw much u lost learning"
i m nt asking abt money but conviction:)
Hi all,
I am a silent observer of this blog for last few days. As a student of the market, I find this blog very enriching.
Now my worthless observations -
Stochastics sometimes gives an early warning. Daily stochastics is showing a Bullish Hinge and the hourly chart is showing Bullish Failure though close to the overbought zone. But as the weekly trend is up and the daily trend is showing signs of reversing, these may override any negative emotions.So it seems buy in dips or on breakout as repeatedly suggested by Mr. Ilango is the safest policy.
@ Manu,
"I lost everything worldly but gained something for which there is no price tag".
Ilango sir, can i keep 5015 as SL for now my longs, to save
some pennys.Thanks
5000 call starts to unwind faster, a good put build up right from 4800/4900/5000, market seems to be consolidating sideways..only to move higher...
expecting a decisive move this hour..due to high OI in futures...watch it carefully...
respected ilango sir as u said that 5035 broken for the upsides.
Follow up should be firm and must stay above 5015. sir can i buy nifty with sl of 5015 spot level pls guide me
"gained priceless things money cannot buy, and riches do not possess ...."
Yes for everything else there is MasterCard
:-)
All I ask is a chance to prove money can't make me happy..
read somewhere...
The NF discount is down to 2 from the anticipation.:)
keep an eye on Reliance getting ready :)
Hmm
with my blog gone.. there is peace :)
BTW.. I must admit i got a little carried away forgetting
the bigger picture
Intraday moves put a little too much pressure on me and clouded my views
Nifty is Symmetrical triangle in 5 Min chart
5000-5040 is the range... Break of either side will give 80 points.
GB sir wht is yr view now for today??
Thanks
remember me saying 5250?
@GB
your web page is not working today
KK
gautam sir pls give me entry link to you
r blog my ID is sohas1990@gmail.com
@ Soha,
"5025" is an intraday support. "5015" the day's low should be a SL for any longs.
Sir,
Is the line from EW?
Hi GM - is the fox smelling the rat?
No blog :)
I am looking at Dollar index breaking 87.45 as the confirmation for a sharp rally.It has been hovering @ 87.47 to 87.73 so far.
http://www.traderslog.com/quotes-charts/?sym=DX!&a=I:5&studies=VOLI;MACD;
dont have a blog
Ilango Sir,
Correct me if I'm wrong.. a rally in Dollar index should be trouble for indian markets? Isn't it?
Hi GM - is the fox smelling the rat?
meant you GB. Hi.
hi rg
huge mistake!!
dumb me!
http://www.brameshtechanalysis.com/index.php/2010/06/nifty-trading-system/
Guys Nifty trading System Hope you find it beneficial.Illango sir ur comments plz on this system
sir
JN family also doesnt hav a "price tag"
but best wishes for you..
well sir,
ur 19 years of relentless hard work is visible.
ur predictions and knowledge is amazing. when i hit upon this blog
in feb i didnt even dream that anybody can predict and trade like u do
I believe before this discussed upmove, we will see -5000 once more, considering the market breadth which is closing since morning. But I will be happy to ride this move with others!
@ Rama,
What I meant was, $ breaking 87.45 will result in a sharp rally in equities.
I have not chosen my words correctly to convey it.
Thank you.
hello sir
late today
going long now???
Hello Gautam sir
Long today
SIR TARGET FOR LONG
its ok gb sir,
if humans wont fail they will be gods. gods dont need to trade
we do.u showed up and acknowledged its enuf.
great vijay
thx piyush
@
Bramesh
is it live
kk
im better off doing positional trades
sir can i buy now .its now at 5041
@ GB today we were to see 4920?
@GB
Illango's Tech. Table, With MP, and add a flavour of ur dates with it ..its excellent keep doing good work...
Sir, what should be the intra day target for longs
taken at 5030
GAUTAM
may be looking @ different time frames might help.:)
Elango sir
Shall I short nifty now SL 5081
Sir, you have not commented on the strong positive
divergence in the hourly fast macd which i have been
pointing out since yesterday. Is it there or not? need
confirmation of the study from your side
NEW POST DONE
Nifty futures at a premium to spot. First time this series and does this portend an upside break out?
Yes..Prashant,
Fmacd is for aggressive traders and it moved into +ve an hour ago.
Good observations. There was +ve div persistently.
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