Your strength is your composure and a cool temperament. You may not be aware of it but many benefit by your conservative approach to market trading and investing as well as your ability to abide by the system, thereby removing all kinds of conflicting thoughts. You inculcate such discipline in your trading dialogues that the readers are often reminded of its simplicity.
How many understands such simple approach to market in their pursuit of wealth. Most look for excitement. And they get it but at what cost.
You do not need any of them but surely many would benefit by your presence. You have never found it a burden and you conduct your affairs with ease.
It hurts to see you being upset. I am sure you'll sort this one out.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Identify the commencement of a sideways market once market closes below DHEma in uptrend and above DLEma in downtrend and look for support/ resistance cluster points based on earlier price behaviour as well as the developing one and combine the same with fibonacci retracement points and TRADE. TRADE means sell to buy and buy to sell and not hold till prices are reversed as in a trending market.
Make 15 points or 25 points. And miss a potential trade. Do not worry. And a potential trade stops out - accept this trading loss. And keep a reasonable SL closer to supports for Longs and closer to resistances for shorts and trade. Ofcourse, you can choose to sit out and watch the market action and play it in your mind "if you had gone long or short at a particular level - what is the result?".
Not doing any trading for 5 to 6 days would protect your capital while you observe a potential trade set up developing.
Watching the market, thus, educates you of market's "whipsawing nature" which is actually "whipsawing our perceptions". Market moves to new high with a 2 point move to 5540 today which falls right into the potential resistance zone of 5535-5545.
About your trading system - it works differently in a trending market and in a sideways market. Know this essential difference and you will start trading with ease.Feel the market; Use the system to make more profits and less Loss.
20 comments:
thank you sir.
just need some detailed explanation about " TRADE means sell to buy and buy
to sell" .
Respected Ilango Sir,
These casual remarks some times Upset me.
Here we all gather for making money, and our hard earned money is at risk
one should be responsible before giving these casual remarks/calls.
These wild tgt serve no purpose one cannot initiate short position on these wild tgt.
Old Members must be knowing “Khusboos Calls” which once turned into “Khudkusi ki calls”
Yes if you are talented make a Table/XL sheet as Master has made with proper follow-up and lets make some money with you.
I am full time trader and from call I can Judge the caliber of Analysist :D
RJ, RM have already left JN, Yoda hardly seen now a days, list is long
Fire also restricted his posts,
Plz maintain the decorum of JN and Lets Learn and Earn with Master.
Cheers to all !!!!!
Ilango sir, JNSAR-D for 8th-june-2011 also needs to be shown as red in colour in the TT table...
also, just to clarify, filter does not apply for closing prices in JNSAR trading system or any other EOD positional trading system...
for ex: today JNSAR was short @5528 & hence 5548 was the filter for the day(1st day after short on 8th-june-2011) incase of fluctuations.. 5548 is not to be taken as JNSAR for closing prices...
& hence for tomorrow 5530( 5550 filter) has to be applied since its the 2nd day of short.. or 5554 which is DHema...
Saturn is going to direct on 13th . Market will resolve and clear cut directions will be known. Lot of political event are line up.Long or short beware this To morrow is the last day of directionless market. FOLLOWED BY THIS FULL MOON WITH ECLIPSE
Dear Ilango Sir & Blogmates,
Nifty at LOC: Option Analysis for 09-06-2011
Thanks & Regards,
Sanjay Kr Jaiswal
@ Pravin,
"Holding a position" in a trending market is the smartest thing to do whereas in a sideways market, you sell & buy it back within the range that is developing or known and also buy to sell it closer to the resistance. Many continue to hold the trade only to find the profits turning into losses.
Many traders have their trading accounts like "Snake & Ladder" game with wild swings and getting nowhere or disappearing totally.
Different strategies for different situations.
= = = = = = = = = = =
For all those who left JN and wanting to leave...............
http://www.youtube.com/watch?v=tjB61sfhojo
Good evening Ilango Sir,
Sir - Whomever has entered the JN famly would never leave and cannot leave sir. Sir- Azhavaichutinga sir!! Even with the little Hindi knowledge i have I could feel the heaviness of the song!!
Pyar ka hai pyar ka naam
Kahi meera kahi Ghan shyam
Dosti ka yaaro nahi koyi dhaam
Koyi kahi door naa jaye
Mere sang aaye
Ke pag pag deep jalaaye
Meri dosti mera pyar
Koyi mat nain churaaye
@Dinesh Bhai
Are ham kahan gaye hain Sirjee, bilkul apke paas to hain. :)
I am trying to discipline myself by not hopping thru blogs during trading hours! But I make a point to visit here when you all have left to savor the words of wisdom you guys leave behind.
@Ilango
Lovely song Sir, thanks!
Yes Sir...,
Aap ke hi sang me pag pag deep jalega….!!!
Jyot se jyot jalegii….!!!
Sir, really never seen such type of love and affection.
Only tears rolled out having seen the song you have put……
Sir…Aap ka pyar to Amar hai……kahi jane wala nahi hai….
Jo gaye hai unke dil mai bhi aaj aap maujud hai,
aap ka pyar maujad hai….
Aap ka pyar hi aisa hai ki jo gaye hai vo kabhi na kabhi vapas aane pe majbur banege.
RM , Good evening!! Nice to see your "good morning smile" after very long time!!!
@Ilango Sir
@Dr Sir
Sorry Again ... the target was very wild ... At 30 years i sitll require lot of discpline ... truly said by sir exitement ... Sincere apologies and would make it a point for seld moderation. and this all i acn learn only from the experince and knowledge of senior people like you.
Good Evening Satheesh!
That is the advantage of a picture, the grin never fades. :)
Dear ILango sir!
You made my evening very emotional, ur song is one of my favourite emotional songs. I want to say something thru my song:
http://www.youtube.com/watch?v=awelkdyDTBc
Dear Powertrade!
You are repeating same mistake again, you have not done anything wrong so do not say again & again sorry...I m feeling very bad. Its a emotional state when a person passes thru this, i treat number of petients daily. As things will be cool down, our dearest DR will be with us here. He & FIRE are the most loving persons of this blog so they will understand our love & surely will be with us soon in full form.
Rgrds,
Kumar
Ilango sir,
Nam JN nattpukku illakanam intha Kural!!!
Thirukkural: 783 : நவில்தொறும்நூனயம்போலும்பயில்தொறும்
பண்புடையாளர்தொடர்பு.
Tamil Meaning:
படிக்கப்படிக்கஇன்பம்தரும்நூலின்சிறப்பைப்போல்பழகப்பழகஇன்பம்தரக்கூடியதுபண்புடையாளர்களின்நட்பு.
English Version:
783 - Learned scroll the more you ponder, Sweeter grows the mental food;
So the heart by use grows fonder, Bound in friendship with the good.
Like learning, the friendship of the noble, the more it is cultivated, the more delightful does it become.
Dear Friends,
It will be a gala time if all Old and New come back and make Nifty there way of Life
Thanks & Regards
Sanjay
(Getting very emotional, may start crying so leaving in a haste)
RM,
I sincerely wish that it is the same of life too!!
Post a Comment