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...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
51 comments:
Happy Teacher's Day.
Guru Govind dono khade
kisko lagu pay
balihari Guru ki
jinhe Goving dino milay
pdd
ilango sir salute to you
Happy Teachers' day
@ fire,
u r very senior to me in terms of TA, trading, and being student of sir too. so pls dont call me teacher. i'll be part of sin then.
@satheesh,
i have perhaps learned more from u . but lately because of my ignorance abt harmonic patterns i am
not able to understand u. u are much senior to in an terms all 3, TA,trading and student of sir.
NIFTY Futures intraday update: CLICK HERE
Happy teacher's day to Mr.Kumar,Dinesh Rishi,PT,Sujatha,sreyO,skmishra,sateesh etc.,also(students have so many teachers, moreover I am a back bencher)
Sir,
I think VAH, POC & VAL mentioned in todays TT are of fridays value?.pls check and update sir..
goog morning guru dev& friends
Happy teachers day!
http://www.youtube.com/watch?v=lDckgX3oU_w
Happy birthday!!! Freddie Mercury
HAPPY TEACHERS DAY Illango sir.
I pray to God for your better
Health,Wealth & Prosperity.
Sujatha,
ஒரு சின்ன திருத்தம் :
கற்க கசடற குமுதம் கல்கி கல்கண்டு கற்றபின்
விற்க பாதி விலைக்கு :)
@Sujatha,
!!!!!!???
Piyush and prabhakar :) :)
Happy Teacher's Day to the master who has provided ray of hope to so many layman's.....
Namaste,
I salute you, teacher.
Happy teacher's day sir...
In the real sense..today is mother's day also...as we learn first from our mother...she is our first teacher...
गुरु गोविन्द दोनों खड़े, काके लागूं पाँय ।
बलिहारी गुरु आपनो, गोविंद दियो मिलाय ॥
Guru Gobind both standing, whose feet to touch?
I bow to Guru, who made me to reach Gobind.
I bow my head to Ilango Sir, who make us to reach Money & Culture (अर्थ+धर्म)
Husband : Hypnotise karna kya hota hai ?
Wife : kisi ko apne Control me karke apni Marzi ke Kaam karwana.
Husband : Chal jhooti, usse to SHAADI kehte hai... :)
LOLS
@Dinesh Rishi,
lol............
Dear Sujatha!
I tried to give breakfast to Nifty but she looks on Monday's fast so having only juices:)
@suja,
it appears so. at times when waves become confusing
it can help. lets see when i start it..i have lot
of inertia when it comes to learn new things
New version
''An Intelligent Wife Is One
Who Makes Sure She Spends
So Much
That
Her Husband
Can't Afford Another
Women" :P
Piyush - first try for "gartley" as EW is very flexible which i am not able do fast. gartley is little OK. actually i was "trying for fun" but after satheesh's post now considering "little serious" for comparing with "my main source".
DR - break 16631 break will give another - 300 points??
Sis BN not supporting
hi,
Dear kumar sir,
Thank you
What a Teacher's day, Nifty is on rest mode & whole class is busy in Jokepal:)
Lady to host: Where has the beautiful girl gone who was serving drinks?
Host: Why, you want a drink?
Lady: No, I want my husband.
Sujatha and piyush,
harmonic pattern study is mainly fibo retracement calculations. I have just modified the fibonacci table which sir provided earlier to get the bullish patterns and bearish patterns. The major factor which one should know is where to mark the XA wave. Normally i take the completion of one pattern as the start of the another.
Normally I take the D of a pattern as the Xof the next. I shall mail you the modified fibo excel sheet by which we can easily key in the data to find the retracement.
As in case of EW theory there are few rules to be followed. Then an entry with small SL definetely provides good results.
ok suja noted.
I shall attach the harmonic excel sheet in just nifty google groups ID.
Piyush & Sujatha,
Now I have to be really serious and watchful!! - as two classmates are aspiring to overtake me !!!
Sir - a healthy competition between your students!! Be ready to grade us!!!
Piyush,
Sent an email, please check, Thanks.
DR - In that case nifty may call 34 month EMA + 8 week ema by surprise?then for our mkt knock out punch may come later :(
Satheesh - thanks n advance.
Satheesh - Sir's grade will be like this
1)Satheesh
2) Piyush
3) Sujatha :D :)
Fevicol Latest
http://www.youtube.com/watch?v=74OaliS33w8
Ilango
The market seems to hold the week pivot of 4970...could we
expect a bounce from here on?
DR - ha ha ha :) :)good sense NF showing -ve below 4965 handsome profit calling?? hv u checked
4937/10/18/4850 (not too greedy but possibility0
Nifty is acting too much
Teacher I salute you.
crorepathi,
replied
satheesh & suja,
we as small traders compete against fastest computers and brains. so when we apply any
study to our trading we have to go deep into it.
else it confuses. it takes weeks. after studying it takes months to watch live market with respect to that study. then we can use it for few months to see it is useful for us or not.the process takes long . i have studied so many things of ta which i have not applied and forgotten in few weeks. no use of it. so whatever we do we shud put good effort else ...
i feel we can survive the markets with deep knowledge of few subjects. we cant survive the markets with little knowledge of many subjects.
Master Ilango,
My heartiest wishes for a teacher like you who is like
a Candle it consumes itself to light the way for others.
i would like to Thankyou from the Bottom of my Heart but
my heart has no bottom for you.
last but not the least i would like to thank all the other
tewchers like Dr Kumar,Dineshji, Sujatha ,fire etc etc
i cant say all the names list is endless.
♥♥♥♥☺
Dear Piyush Sharda!
Waah...kya baat hai:)
lagta hai sara india 3g pe busy hai
Piyush - true we have to do a detailed study. As far as trading is concerned one should choose the method which is comfortable for him/her rather than trying hands at all types of methods. We can combine and verify if our trading system is good - then stick on to it. This would ensure disciplined trade!!
@ Indus,
If it is the "b" wave, it is tough to trade. "b" waves are the places, most traders lose money.
Based on Technical indications, it is a sell on rises in the short term as long as "one of the retrace points of 4720 to 5065" is held by 06th & 7th.
If moves below 4970(Wk.pivot as well as 5 DEma), 4935 to 4885 are the supports that should hold for continuation of this uptrend failing which deeper correction is most likely.
@kumarji,
learnt from sir and seniors like u :-)
Ilango
Thank you for your inputs
@Piyush - very true..and it's not must that v should know all the technical terms and parameters used in the market. If v r earning good in any "one method" that's the pure TA :) (ha ha 99% nothing going into my mind hence this explanation)
New Post Done.
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