Monday, September 6, 2010

Nifty PreMarket View.

"Following one method/ system" has been emphasised often here. I have come across "n" number of systems and have hopped from one to the other on many occasions, got distracted by market talk, rumours & holy grails as my share of getting waylaid in this journey.
90% of market players find it hard to keep a journal of their trading method, plan & executions/ results. Out of the 10% who keep, many find it hard to follow theirs due to distracting voices all around.
This blogging is all about showing in actual print the benefits of following a method steadfastly. Your method need not be "The Best" but " disciplined following" is the key to consistent success in stock market. Trading is all about you and you alone and all the rest come secondary.
"Chumma iru, Sollara" (Stay still) was the upadesam by Lord Muruga to St.Arunagirnatha; This Upadesam faithfully followed by any devotee of Muruga will lead him to Athma Gnanam.
"5474", Friday's low becomes a support for this uptrend to continue.

24 comments:

kris said...

good morning sir

Sujatha said...

Good morning Sir and all :)

"Life is just like a sea. we are moving without end. Nothing stays with us, what remains is just the memories of some people who touched us as waves."

Happy trading day.

Regards

Unknown said...

Hi can any one share the formula / algorithm of how this JN SAR is calculated. Thanks in advance.

r m said...

Good Morning all!

GANESH PL said...

Good Morning all.....

ani said...

Good morning Sir

San said...

Good Morning Ilango Sir and Friends

Nifty futures Hour chart should take NF above 5500: LINK

Thank you

Anonymous said...

HI Ilango,
Your pre market view is 100% right, my method is not the best and no one would ever even read it but the consistency in following it has really worked.

Local said...

gm all,

Good advice, Ilango, tough to follow. The best would be if you could develop a method in a straight process.

I often wish it was cumulative, like the curriculum at school - would make trading much easier.

shiva said...

good morning,seniors..

San said...

Hai everyone

Nifty Intraday update: LINK

Thank you

Prabakar said...

Good Morning Ilango Sir and All Blogmates

@Yoda,

Happy to see you and seniors back. :)

u.k.Raj said...

Good Morning ALL

Krishna said...

Ilango Sir or blogmates, would you be having historical hourly data? From Jan 2008 or whatever is available. Need it to backtest a system. If yes, and you are willing to share, please send to l.krishna@yahoo.com

Thanks.

Krishna.

Rajagopal said...

Good Morning Sir and Friends.

Unknown said...

Good mornring sir & frnds....

Unknown said...

good morning sir & friends

shame,shame,papi shame for ril ?
any comments seniors?

Prabakar said...

IntraDay RSI and Stoch are at OB Levels

Local said...

Hi Prabakar, good to see you too.:)

Prabakar said...

Thanks Yoda Mam.

Unknown said...

Sir,

Can we have small shorts here at this levels as indicators are OB?

regards

sryasdmurali said...

GM Elango sir and all

Ilango said...

NEW POST DONE.

@ Yoda,

SAR with just one number - it can never get simpler than this.

@ Krishna,

Sending you the hourly data.

Local said...

I agree, Ilango.:) You've come up with a near-perfect system - and I'm a big fan of simplicity.

I'm watching to see how good it can get.:)

Post a Comment

Elliot's Impulse waves.(Part-5)

IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....