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...
71 comments:
GOOD MORNING.................
ஒன்றே சொல்வார் ஒன்றே செய்வார் உள்ளத்தில் உள்ளது அமைதி
உண்மையை சொல்லி நன்மையை செய்தால் உலகம் உன்னிடம் மயங்கும் நிலை
உயரும் போது பணிவு கொண்டால் உயிர்கள் உன்னை வணங்கும்
உண்மை என்பது அன்பாகும் பெரும் பணிவு என்பது பண்பாகும
ஆசை கோபம் களவு கொள்பவன் பேச தெரிந்த மிருகம்
அன்பு நன்றி கருணை கொண்டவன் மனித உருவில் தெய்வம்
.......... மனது ஆண்டவன் வாழும் வெள்ளை மனம்
Now I feel the meaning of the song
@PS,
You are absolutely right. Every MA whipsaws in range bound market. But I was seeing it more in the light of a replacement for a PSAR in Hour TF. For keeping trailing SL. Actually one of my many weaknesses is that many a time I get confused with the trailing SL even when I have taken a good entry in a trending move. As I am not a good Elliotist like you, this looks good. I hope you will excuse this fault of mine. :D
Crore - excellent song
DR - let us first see "A wednesday" :) :) hope u applied "first gear"
Sir
what are the upside resistance zone to book out longs?
.
Is this Wave [iv] torture ?
Gm Ilango sir and friends!! yesterday somebody asked importance of 4940.
around 4940 we took 3 times in aug 9, aug 18 and sept 6th and rallied min 100 points from there. what will we do now? answer can be found in lead indicator in 35 HR D charts, nifty crossing above mid bb in 30 min charts.
Thanks Fire.
One can use 50 and 200 Hour SMA on charts with other trading systems to catch high probability trades.
come on fire, everybody knows what u r :-).
i was thinking that if somebody wants to use
50 hr sma as sar ..
not crossing mid bb in 30 mins can be negative and staying below hr low ema is invitation for 4890 n if breached weekly then lower bb of 4826.
.
If this is [v].[iii].[ii] then this can go to
4975 ( since [v].[iii].[i] was 5030 to 4910 - 120*.62 = 75 )
Coincides well with other resistances.
Ram - chances to touch 4977/87/98/501 very short time target well behaved here will give "bonus"
ORB broken upwards!!
thanks sujataji.. once 4969 is sustaining i guess we can reach J10 SAR.
if not more downsides till lower bb in 30 min.
San is preparing chart
Descending Triangle
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_
50% retrace @ 4971 is the first res.
More strength will lead to 61.8% @ 4985.
Gm sir & friends,,,
Nifty real strength only above 5005
Does ORB in week and month Timeframe?
Weekly ORB = 4980 NF
Monthly ORB 5032 NF
and SL for Shorts 5050 NF
cant be anything more simple than this
& JNSAR 5034/43
last days orb both side hitting
.
That was [v].[iii].(ii) that played out
( A-B-C 5-3-5 ) ???
Now if Nifty fails to sustain above 4980, then a nice fast-fall setup would be in place
What time is the "august inflation data"??? anybody knows?? nifty reacting in advance???
Fastfall set up in 5min NF invalid above NF 4985
I am talking about intra-charts.
nifty resisted exactly at mid BB in 30 min charts. Its very useful for intraday traders and good to combine with sir's lead indicators in 35hr d charts.
Resisted at 4970(50%), broke below day pivot(4960)....into negative...seems to be the "iii"rd of V in action. Further confirmation is a break of 4920,4911 & 4890.
.
If this is 5.[iii].(iii), we go down to atleast
5030 - 120*1.62 = 4835.
@ashishag,
5sma day>20 sma day. howz fast fall in those
sma s possible?
@sujatha
Inflation data at around 11.30 to 12 noon...last month
was 9.22%....expected 9.6%
Be cautious on intra longs
@San,
A Rising Wedge in the 5min. chart of NF in the making if 4910 holds again?
Sorry, its more like a Bearish Flag.
Thanks Dinesh Ji,
For intraday we calculate using first half an hour of the day, for week and month what time should we consider?
A breakdown of this flag can bring us to the next tgt of Satheesh @4837 in a jiffy.
For week & month Open price will do :)
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@ilango sir,
What notation convention are you following for EW ? I want to be consistent with yours.
I am following this for now -
Grand Supercycle - BLUE - [I] [II] [III] [IV] [V] - [a] [b] [c]
Supercycle - GREEN - (I) (II) (III) (IV) (V) - (a) (b) (c)
Cycle - PINK - I II III IV V - a b c
Primary - BLACK - [1] [2] [3] [4] [5] - [A] [B] [C]
Intermediate - RED - (1) (2) (3) (4) (5) - (A) (B) (C)
Minor - BLUE - 1 2 3 4 5 - A B C
Minute - GREEN - [i] [ii][iii] [iv] [v] - [a] [b] [c]
Minuette - PINK - (i) (ii)(iii) (iv) (v) - (a) (b) (c)
Subminuette - BLACK - i ii iii iv v - a b c
Micro - RED - [1] [2] [3] [4] [5] - [A] [B] [C]
Submicro - BLUE - (1) (2) (3) (4) (5) - (A) (B) (C)
Miniscule - GREEN - 1 2 3 4 5 - A B C
From Daneric's blog.
Now 4905 imp for nifty
@Dinesh Rishi,
Means Week / month closed below open price, it is sell. Closed above, it is buy.Is it correct Sir?
If NF gathers intraday support at this ranges, then an intraday bounce upto todays todays high is possible. Else 4875/4840 on cards as per bullish shark pattern in 5min NF .
4910-4915 ranges for support
Ilango
An important question....the TT indicates that the
low emas for the week and month are not aligned...the
previous time this happened, we had larger falls till
the emas aligned perfectly....can we assume larger falls
this time around as well?
Your inputs will be appreciated
Ilango
sorry meant the low emas of the daily and weekly
.
Again WLEma. How cool is that...
@ gd,
That is a proper way of labeling.
I just do it for the ST trading purposes and I do not follow them. Besides my education of EW is self-taught and quite unorthodox.
@ Indus,
"Aligning in descending order just confirms our views. For low emas to align, more lows are to be made. But do not use it for trading plans but only as a confirmatory signals.
.
@ilango sir,
This 4920 bounces are making me feel if this is a horrible wave 4 still.
@ilango
as always...thank you...your inputs continue to enhance
the learning experience....much appreciated
.
Maybe this is 4.a to 4.d playing ( symmetric triangle ), then we have a smaller
run to 4.e to 4050 or so and then 5 ( pleaseeeeeeee ).
Sir
and fellow traders i spotted in hourly chart that long red candle then three white candles in the range of red candle a again red candle covering all the three white candles.
i can't remember the pattern name sorry for that.
can any one check this one
"But do not use it for trading plans but only as a confirmatory signals." --- A small but very significant gem from Master. So many things can come under it.
New low Varrrrrruum aaaaaaana varaathu.
Please remove fevicol banner near NSE... :)
@ilango sir,
Confused by your comment about "do not use it for trading plans". The premarket view screens has notes that talk about using H/L Ema's for sell on rises and buy on dips scenarios.
@ gd,
If 4917 is protected & 4945 is scaled, a complex 4th could come into play.
Preferred view is that "v"th is on. Within which 1 & 2 are done & 3rd is on...updated in the charts.
The 80% retrace for today's fall from 4970 to 4917 comes @ 4960(Day Pivot).
.
@ilango sir,
Thx. Then 5.[ii] is becoming messy.
Ashish: No ji Pls :)
9.78
Rate hike is imminent now.....Inflation at 12.58%.
Seems like DESCENDING TRIANGLE in the making. A break of 4920 seems increasingly likely. If that happens, we can expect 4880 ? (The approx height of the triangle)
Note carefully that rises are without volumes and the falls attract bigger volumes.
5.[ii] is totally irregular. I looks like A-B-C-D-E
but doesnt seem to fit to any triangle, flat, zigzag.
@ golfdude - isn't it a descending triangle on the intraday 5-min chart ?
Sorry 9.78% is inflation.
12.58% is Primary Articles.
Another recognition for 6 crore Gujaratis. US report hails Guj's effective governance. Jay Jay Garvi Guj http://bit.ly/qXeWiH #IndiaDevelops
@gd,
maybe (ii) is still going on.
All in all Now RBI has no alternative than to hike rates :)
@Ilango
i know its very difficult to label on smaller time frame but could you if possible put a 5 min chart with EW labels
New Post Done.
.
@trader,
Yes. But from a wave 5 start at 5030 to 4910 run yesterday perspective, this is 5.[ii] which seems irregular.
@fire,
Yes. Appears so.
@joe...that is called falling three methods.bearish continuation
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