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...
34 comments:
Life is about enjoying the process, not the results.
-- gd
PS: I didnt read this anywhere, i was thinking abt my life, and this was the conclusion i came to.
GM all!
Good Morning all!
good morning sir.
and everyone
GM Ilango sir and all blogmates
Gm Illango Sir and everyone
@illango,
Plz confirm, positive divergence getting developed in Euro Usd daily charts...
Hai good morning everyone.
Has updated nifty daily chart. I have shown the bearish view today. May be i am becoming a bit too bold because of masters advise.
http://niftychartsandpatterns.blogspot.com/2010/06/niftys-expected-path-towards-bear.html
Thank you
Good morning Ilango Sir and all
--- Test ---
gm all
Good Morning Sir and Friends.
Sir -Iffy,butty trend is well defined in the "lower highs+higher lows" in the bottom chart. Tug of war between Rs and Ss ???
Good Day.
Gm Illango Sir,
Yesterday ur bold advice to carry shorts help me alot
Thx sir.
I have shorts in Nf now with sl 5256
Can we buy TISCO future positional with SL @ 474 Kindly please advice
GM sir
nifty can fill the gap at 5119 in few trading session
GM Elango Sir and friends..
Have a nice profitable trading today..
gm illango sir
GM Elango Sir and other blogmates...
GM all
@San,
Beautiful chart. The timing with S&P peaking cannot be better. Appears July is short time.
-- gd
good morning sir,
good morning friends
thrs a gap at 5299 also..take care above 5240 spot
"5211-5215" is the tough support need to be broken first for any damage. Below this 5185 (Earlier res. will become a new support.)
If 5210 holds, Nifty can attempt a new high.
FII bought 1150cr yesterday - a fact worth remembering.
Remember you are trading only a temporary correction in an uptrend until a daily reversal is seen for bigger correction.
@golfdude
Thank you. You may be right if nifty does not go up in a hurry a sideways consolidation can also be expected to form the right shoulder. let's see if the head and shoulders work out or the head is blown off.
Thank you
Read FII buy figure as 784 Cr.
Booked my Nifty future short at 5215 initiated at 5235. Thank you for your Analysis.
today also open high are same yesrtday it was for mini nif today it is for nif50 so we will move down till rg 2.30 factor of thursday commences
if the high is not broken soon i.e.resistance of 5215 stands good but personally feel there is selling effective from doubletop yesterday which will be bought into lateron also running below VAL since past 15 minutes
@ Anil,
There was +ve div in US $ index and it has already started to rally up.
The fall in the last 7 days was because of "Daily - ve div". Hence, if this upmove ends with a small retracement, then the fall may continue which will mean "Equities may correct the short term as the $ index rallies the short term and then the equities rally again as the dollar may start its downmove again".
Finally, it depends on the "Quality of correction in equities as well as the rally in US $ Index".
I also covered short of NF today.Thank you, Illangoji for timely advice!
Sideways market...
OT...
Football needs Instant Replay. That will result in more red cards for ones who pull shirts and trip. Lesser players on the field. More goals. More money for the buck.
-- gd
NEW POST DONE
RNRL, 50-70 in two days, but still no correction. Something is cooking...is there any indication technically on RNRL...?
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