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...
85 comments:
Ilango Sir,
You are a few million years away only from the day. (I would like to see someday..."Parents not sending their children to schools"...that is my dream).
We played in our schools. Now there are "Play Schools" where office going parents DUMP their wards, who are promptly given a dose of cough mixture by the "Aunty/Uncle". Then how to manage 30-40, 2-3 year olds at a time?
@Ilango sir
I respectfully disagree on ur last saying....more than textbook knowledge what we learn in school is Socialization.
Hence would like to modify ur saying a little:
"Parents not sending their children to schools to study"...
Ilangoji,
Can you please tell me a little bit about your "fast rise" and 'fast fall' Moving Average setup? Just when and how the setup gets created and confirmed?
@ Rajagopal,
You are very right on that. I had the whole town to myself...enter into any house..But today even the boy need to announce to enter a close relative's house. I only pray things become better for them. This "internet revolution" may make that a "Reality".
@ Muthu,
Pleased and pleasantly surprised to read such a news.
///I would like to see someday..."Parents not sending their children to schools"...that is my dream.///
Ilango,
I am touched very much by your words and suddenly remembered
the 14 year old home schooled IIT-JEE topper.
@ Mynac,
That would be a lot of concern...addition of so much OI with Nifty not able to climb or keep the highs.
Sethuji - what BULLS will do?
Gracing,munching,bull s...., oh..already there is talk of a "slaughter house". Which one you suggest ? Time you spot three picks. (exclude your L&T,TMF they are zipping).
Sethu
remember denial by rbi of rate increase ths weekend-cnbc
bulls may keep a chance..still may befoe they book profit
"But today even the boy need to announce to enter a close relative's house" But Sir, where are the RELATIVES ? Our family is becoming a squirrel's nest.
Dear Ilango,
At present O.I. is boomerang for a day trader.Thanks.
Dear ILango sir!
Tech table is updated but last updation time is still showing 13.00 instead of 14.00, kindly correct.
Rgrds,
KUMAR
RG,
'Home-school' is the biggest growing educational style in the US, Australia, NZ. Not so far in the future, I think.:)
"The percentage of the school-age population that was home-schooled increased from 2.2% in 2003 to 2.9% in 2007."
http://www.usatoday.com/news/education/2009-01-04-homeschooling_N.htm
Sethuji - Exactly what I meant. It is on the raise but for one day. Now TMF is also a zipper. So time to announce the next team. Please include Mr TISCO..
is is a small triangle in 5 min chart?
@ Fire,
In uptrend, the short term averages(5sma) trends above a medium term average(20sma)and when a correction sets in, the 5sma will turn down and moves towards 20sma. When the correction ends and if the 5sma comes closer to 20sma and turns up without breaching it - that would be a fast rise set up.
Opposite of that would be "fast fall".
The fast rise happened yesterday in hour time frame when Nifty reversed from 5207.
Yoda-is it due to the educational system? We have read about teen age Phd's. Our system does not allow it.
My focus is the "Play School" - the un-regulated day care centre for children. Great employment opportunity for many house wives, at least in Chennai. Children play and sleep in the parking area in the apartment building.
God help them.
"Breaking below 5260", one can retain the shorts - aggressively.
sethuji give your blog address.
@ Rajagopal,
That is the major drawback of "nucleus families".
@ manni,
Children will blossom better and "socialise better if they have true "freedom" which is not available @ school.
Nifty's broken down? Looks like the correction has begun.
@ RG
Please advice on tisco i am holding 480CE on it will it hold and move up till june series close
Ilangoji,
Thanks for giving such time to my queries. A valuable lesson. Now what should be the SL for those aggressive shorts?
Sethu said...
@rg
I beg to differ with you Sethu Sir. Had our ancestors took pleasure in sharing of knowledge then:
a. We would have built the first aeroplane (Ravan owned one-4000 years back)
b. Pedastrian plateforms need not be built. (Our sages walked above the ground level)
c. So many people would not have lost eyesight.(Eye surgery was performed centuries back "Danvantri")
d. Universities in Germany are sifting thro' Sanskrit scrolls - they beleive medicine for AIDs is coded in it.
So if we have knowledge let us give it. It grows with us and the received. Jai Ilango.
RG, I think most ppl find it hard to care for their offspring the world over, esp since most of the load is on one parent.
Most schools seem like pens to me, including the popular play schools of chennai. Sad, but beyond the first 3 yrs, human parents want to get on with their lives without the byproduct of their activities.
sethuji stckpick in correction
@ Fire,
Instead of a SL, book out @ 5235-5240 zone or @ 5222(23.6%) once.
OR trail it with a SL of 5282.
OR as a positional with a SL of 5295 for a target of 5222 or 5175.
(Will be revised as price unfolds)
A close below 5251(Day High ema) will be comfy for short term bears.
The only thing in this world that grows while sharing and giving: KNOWLEDGE.
Dear ILango sir!
Ur School's biscuit story was marvellous. Nobody is interested that Nifty is making short term top after seven days of straight rise, every one is sharing his school, anchestors etc. hats off to u sir...
Rgrds,
KUMAR
Yoda - thoughts perfectly in sync. All just due to human greed driven "NEEDS".
===
Sethuji - TMF Tata Motor (Tata Motor and Financial Services Ltd).
Hi Everybody! A joke from ny side too now....
Man at medical store: I need poison.
Chemist: I can`t sell u.
Man shows his marriage certificate.
Chemist: Oh! sorry, I didn`t knew u had a prescription.
no yet this is false signal.
the things are struct around pivot levels. pls sir guide me for last 30 min. unitech?
having seen so many reviews and gut feelings around us
i think
that day is not far away
that people will start advising and correcting I LANGO SIR's analysis
A breach of 5250 anytime after 3:00 will break
the hourly rising channel and indicte the end of this
wave and the downmove will be confirmed with
target around 5225 or lower, as sir says.
Holding shorts taken at 5280
@ rochak,
"That will be the day", I will ask for my fees.
5250 (hourly low ema) is also the channel bottom in the
hourly
if it stays above 5250, it may scale new highs
Sir
Good evening. I was tied with some work.
rochoak,
I am sorry but the day you are looking far is very far away. Ilango sir is very intellingent and humble person. There may be many more person who are as intelligent as our sir. But I do not think they will have the same humbleness or generosity.
What sir is doing is pure "dharma". My only wish is the almighty rewards with health, wealth and happiness to all of his family members.
Dear, Sethu,
YOUR CHALLENGE ACCEPTED.
I WILL DECIPHER YOUR SYSTEM TO ALL OF MY FRIENDS HERE SOON [:-)]
FOR CURRENT WEEK YOUR LEVELS WERE
5164,5193,5218,5254/60,5290,5325-5340 (remember ur todays 5338 level. :-)]
YOUR SYSTEM IS BASED ON
1. NIFTY HOURLY CHARTS (HOURLY CLOSING IS VERY IMPORTANT FOR U)
2. FIBONACCI RETRACEMENT/EXTENSION METHOD .
I will give the full details of your system later (only here). Bcoz I respect ilango for his knowledge sharing.
Thanks & Regards.
friends always use charts for month to month. it does not work 100% for intraday
that means this site is going to run end less...:) Coz here teacher also learning each time.. its difficult to beat like this teacher
i lango sir
we wud all b really obiliged, the day u ask all of us for ur fees, be it in any form, and which u have not done so far in ur wildest dream, i know
TT & a 14-rsi chart updated.
Dear Mynac, plz update change in OI data.
Thanks
That would be interesting , to come up with Fibo extensions on Hourlies,
kudos Arunima,
i keep an excel with running fibos, and found them useful :)
I LANGO SIR
its quite clear now that we are not closing so,below 5251, so what shud now be the inference, since closing below 5251 was bearish for very short term, u said
thanks answering
regards
3.oo pm close below day low ema..
sir can u gv lvl fr 3:30 or 4..
that will be more pricise low ema
Ilango sir can i bought 5200 put here? this month plz relpy
some bad news came
suddenly DAX, DOW and FTSEE all futures, gave their gains between 3.10 to 3.11 pm
Elango sir,
Tatasteel breaks 472 in cash.
What can i do now?wait stil expiry or book lose
Dear bizagra,
At present due profit booking + short covering out of that 20 lac addition 3 lac are covered.At present 3.10Cr.
nifty said...
@ RG
==
TISCO, Sir has warned close above 490 required to prove strength. Please check Stock Wealth for more details. It is in -ve zone for a target of 468 for me.
Metals have ignored this rally so far.
Oops Sir, It is the lender of the last resorts who seem to rescue Nifty?
with a 2340 to 2380 move !!!
Sethuji - I am travelling. I am in Bhubaneshwar, planning to return on Sunday.
@ Manu,
Hr low ema for 3.30PM would be 5254.
@ Vijay,
Due to time decay, it is not advisable. Also Daily TA is intact.
@ Kousalya,
It has missed 472 by 1 rupee. Give it one more day. I will update its file on Monday
@ sir
most appropiate level for NSE to close is at 5200 for this series , since 5100 CE has low open interstest, and 5300 PE also has low OI. By closing at 5200, operators can eat 5200 & 5300 CE premium( having large OI), and also they will not close below 5200( high PE OI)
ilango sir can i carry nifty short
Dear, Sethu,
I m too a successful trader like u for long long time and sister of a very successful tech trader.
I dont want anybody to prove me wrong or right, like u.
Time will tell I m wrong/right [100% wrong? :-)] when ur levels and my level(in advance) will be same.
And for market movement( I know, it is a basket of so many things), I have separate time tested ema system & pivot system.
Thanks & Regards,
---------
For rest of friends,
For today,
nifty has crucial support near 5238 future, dont short above that .
@Bizagra!
Do you have short in Nifty Future for Monday?
euro testing days low, we moved upwards, clearly intraday shorts booking profits...
Yes Prabhakar.Holding with 5300NF as SL.
5207 SEEMS CERTAIN
rg btst
Thank you Mr.Bizagra. I am also holding.
Sethu,
Nifty 5245 is where the near vertical liftoff for nifty happened yesterday. 5245 is also the level from where the last sell off happened in April.
After making cryptic comments, please do not ask people to shut up. You are wasting our time and causing a diversion.
If you have the right intentions, please continue with the good work. Else advertise your tuition classes and if the fees are right you will get enough students.
Thanks for taking this in right spirits.
carrying short
@Prabhakar
my shorting price is 5295NF(i traded my shorts for 10 points )
That is why holding.
should the shorts in nifty be retained or squared off today. Please advise
Thank you Bizagra
possible interest hike by RBI
@paresh
today also u consistent man.......levels not working.....monday will be new day....lets see.....
u saved me from shorting at lower levels with ur message of betting nifty to move below 5200 today....... thanks for that......
SUNIL
what s ur source
as soon as our trades ended, EU and DOW futures started playing RED-RED
Thank you Sir and Friends.
Have a nice week end.
Wish we have a week end dose on "Tolerance" and peaceful coexistence.
thank u
Dear, Sethu,
U r only here for advertisement of launching of your paid service (to attract novice traders).
This blog is for knowledge sharing. U don't want to share any knowledge, u want to share only your 'SECRET' levels to attract ppls.
Take care.
Thank & Regards.
You know, Sethu, like shr and arunima, I've always wondered why successful traders try to 'sell' their secret method - aren't they able to make enough on it?
It seems like one of those paradoxes.:)
thats paradox forever ...
bye friends, bye sir.
વિષય : જિંદગી અને તમે !
ભાઈશ્રી/બહેનશ્રી,
હું, ભગવાન – આજે તમને બે શબ્દો લખવા માંગું છું. ધ્યાનથી વાંચજો. આજે તમારી
જિંદગીના બધા જ પ્રશ્નોનું નિરાકરણ કરી શકાય તેવો રસ્તો તમને બતાવવાનો છું.
એટલું યાદ રાખજો મારે તમારી મદદથી કોઈ પણ જગ્યાએ જરૂર પડવાની નથી. હું તમારી
પાસે સીધો આવવાનો પણ નથી. તમારે ફક્ત નીચેના મુદ્દાઓ યાદ રાખવાના છે અને એ મુજબ
પાલન કરવાનો પ્રયત્ન કરવાનો છે :
[૧] જિંદગી તરફથી એવી કોઈ સમસ્યા ઊભી થાય કે જે તમારાથી હલ ન થઈ શકે તો એને
મારા નામની પ્રાર્થનાના પોસ્ટબૉક્સમાં મૂકી દેવી. એના ઉપર – ભગવાનને માટે –
એવું અવશ્ય લખવું. એક વખત આ બૉક્સમાં સમસ્યા મૂક્યા પછી વારંવાર એને બહાર
કાઢીને તપાસ્યા ન કરવું. એનું નિરાકરણ ચોક્કસ થશે, પણ હા ! મારા સમયે, તમારા
સમયે નહીં !
[૨] તમે ધંધાની કોઈ આફતમાં ઘેરાઈ જાવ તો મૂંઝવણ ન અનુભવશો. ફકત એવા માણસોને યાદ
કરજો કે જેની પાસે ધંધો જ નથી..
[૩] ટ્રાફિકમાં ક્યારેય પણ ફસાવ તો અધીરા ન થશો, એવા લોકોને યાદ કરજો કે જેને
માટે કાર ચલાવવી એ એક પરીકથાની વસ્તુ જેવું હોય.
[૪] તમારા શેઠ કે સાહેબ તમને ક્યારેક ખિજાય તો એવા માણસોનો વિચાર કરજો કે જેમના
નસીબમાં કામ કે નોકરીમાં કામ કે નોકરી લખાયા જ ન હોય.. જે સાવ બેકાર હોય.
[૫] તમારો એકાદ રવિવાર કે રજા ખરાબ જાય તો દુ:ખી થવાને બદલે એવા લોકોનું સ્મરણ
કરી લેજો કે જેને કુટુંબનું પેટ ભરવા માટે રોજેરોજ કપરી મજૂરી કરવી પડતી હોય.
જેનો એક પણ રવિવાર રજાનો દિવસ જ ન હોય.
[૬] ક્યારેક વાહન વગર ચાલવાનું થાય તો અફસોસના બદલે બંને પગે જેને પૅરાલિસિસ કે
લકવો થયો હોય તેવી વ્યક્તિને યાદ કરજો. એમને એકાદ ડગલું પણ ચાલવા મળે તો એ લોકો
કેટલો આનંદ પામે એનો વિચાર કરજો.
[૭] તમારી જિંદગીએ તમને શું આપ્યું છે એવો વિચાર કદીકેય આવે તો એવા લોકોને યાદ
કરજો જે તમારા જેટલી ઉંમરે પહોંચ્યા જ ન હોય. એ પહેલાં જ જેને મૃત્યુ આંબી ગયું
હોય.
[૮] કોઈ તમારી સાથે ખૂબ જ ખરાબ વર્તન કરે, તમારું અપમાન કરે, તમને નુકશાન
પહોંચાડે તોપણ ખુશ એ વાતથી થજો કે તમે એ વ્યક્તિ નથી !
[૯] કોઈ દિવસ અરીસામાં એકાદ સફેદ વાળ જોઈ જાવ તો કૅન્સરથી પીડાતાં નાનાં બાળકો
કે નાની ઉંમરની વ્યક્તિઓને યાદ કરજો કે જે પોતાને વાળ હોય તેવી આશા રાખતાં હોય.
અને છેલ્લે….
હું તમારા પ્રશ્નોનું નિરાકરણ કરીશ જ, વિશ્વાસ રાખજો પણ ત્યાં સુધીમાં જો તમને
આ બાબતો ગમી હોય તો તમારા મિત્રોને સગાંવહાલાંને મોકલજો અને એમનો દિવસ પણ
સુધારજો અને એ લોકો પણ નિશ્ચિંત થઈ જાય તેવું કરજો.
એ જ લિ,
ભગવાનની આશિષ...
its raelly nice one
posted in gujrati
@rahul
nice message
thx
As TA has noise to be filtered out to get a clear picture, we have noise here in this forum which we need to filter.
God has given weeds in paddy field, we know what to do with weed!!
-Crorepathi
@rinku
its ok. So now you know how to utilize my comments! i'm happy that i can be useful to anybody in any way :)
@Presh
Good Spirit, If no one likes your levels.. ask them to trade against your levels… :))
Sethu, I agree that giving away freely makes the giver feel a little bit of resentment. But it is personality-building. Gratitude comes in many ways, and money is just one.
But its alright if that's how you want to limit your readers. I know ppl from Welles Wilder on have done the same beyond a point.:)
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