Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
55 comments:
@ GD - 5124 CAMRILLA sir CAMRILLA H3 weekly + monthly lower level ichimoku cloud
@ Satheesh - no need to tell me too hv some collections but not proper will read whenever time permits for "boost"
September 8, 2011 12:01 PM
@Satish,
Can you please send those notes to me at aimnifty@gmail.com
I wont mind if they are not in order. In fact I would help you to sort them.
Thanks.
CAG report on KGD6 tabled in parliament...
Dear Sujatha & Mynac!
Thanx for ur concern, earthquake happened in delhi but me & my family fully safe:)
Rgrds
Kumar
dr sir
thanks for bara khanna from mess in af
Ganya
I really Miss Bara Khana
especially the butter chicken
for which we use to bribe our
cooks to keep one bucket full for us :D
High Noon Punters Call
http://www.sharekhan.com/CMT/Upload/NewsLetter/Report/Highnoon-Sep08_11.pdf
5183 the key area
The Nifty is trading sideways after a decent rally and is consolidating before moving higher towards 5180 with support at 5057...
thank u sir and satheesh,
getting some comp problem sorted will read after
some time
Dear Satheesh can u please send me the notes too my mail id is jkj108@gmail.com Thanks
Nifty futures intraday update: CLICK HERE
Ilango
The week high ema at 5094 and month low ema at 5092
continue to hold....can I interpret this as a sign
of strength???
5100 PE OI increasing
nifty will move up ...towards 5150, 5180
Kindly avoid posting you mail ID's. I shall post it in justnifty google groups
Good Afternoon Sir,
Mera Nifty analysis galat hota hai...par kal aapke bare me jo socha tha woh galat nehi hua...mujhe biswas tha aap thik ho...I told IT that u must be busy with some urgent assignment..
nice to see u here...
AshishAG - bias is positive?? don't forget the "republicans" they r also "like our politicians" they would like to keep the "unemployment range high" which will be "helpful for them in coming elections" huh.. don't take it seriously :) my comments are always for "timepass" :D
timebeing it may lift the mkt..then???
@satheesh thanks pls post in google group@satheesh thanks pls post in google group
Sujatha mam, Do you all celebrate Onam?
sir,
actually i was jnsar long and aggressive short. what
i remember i was waiting to part book aggresive shorts
at 4935 and 4895. what i remember is those were levels
but that we were targetting. but market turned from
4945.
it was trading in range and range trading is more
of continuation of intra downtrend that intra reversal.
later at 5005 i converted to aggressive longs.
in the hindsight it appears easy that market reversed
from previous support but i have never been
successfully catch such reversal till market comes
above signal of jnsar 14/21 sma hour. in attempt to
take aggresive trades i have lost capital only.
Hi cool - നമസ്കാരം. വളര ഫ്രണ്ട് വിഷ് ചെയും പൂകോളം പോടും . any mistakes kindly ignore :) മലയാളതില സംസാരിക അസി ഉണ്ട് ഇപ്പൊ കൊണ്ജം മരന്ദു പോയി hehe :)
By the way "Happy Onam" to all in advance.
Nifty grindingggggggggggg
@pcsmitpra,
D-HEMA is sharply rejecting the bears whenever price is coming close to it. Is it really prudent then to be in the short side with options? Not a single close even below H_LEMA.Just a thought. :D
Happy Onam Sujatha Mam. Have fun with flowers :)
If making special lunch i will come :)
@ D-HMA - Kindly accept the bears if it comes this time :) :)
Fire,
I take it the other way round. Not able to close above HrHema for the past 6 hours and it is between 5137-5133!! So I feel a strong resistance is developing here. Breakout above which would lead to more highs
@ PS,
It need not be always in hindsight if we work more diligently.
I did not apply myself on the 6th for the support levels but it stared at me in the evening... How did I miss the most obvious. Often I simply copy the previous levels which acted as supports and at times the Prev. supports as resistances, etc. Those are the actual places where buyers were found or sellers in the case of prev.resistance points.
Having said that, you must stick to your method which is comfortable, convenient and in the end which brings money home. It is not necessary, one has to trade every 100 points rise & fall.
@sateesh pls mail me notes as i m new to this school.
My mail id is voramit@yahoo.co.in
Santa Was Walking Thru D Forest
He Saw Snake Hanging On D Tree.
Santa: Sirf Latak Ne Se Height Nahi Badegi,
Mummy Ko Bolo Complann Pilaye..
http://www.cartoonstock.com/newscartoons/cartoonists/iba/lowres/iban303l.jpg
Fast fall appearing in 5minNF. Kumar sir - will you allow it to materialise today at least for a fall of 40 - 50 points till DHEMA - 5071??? :)
I would really like to have it. Sujatha you too na???
Dear all!
I shared with all of u benefits of KALI PHOS-6X, its best for relaxation. Relaxation is always good & improve ur working power. See, after one day relaxation today Master is most active. Seven large replies by him today after long time & every reply is very educative.
Moral of story:Take KALIPHOS-6X for relaxation:)
Dear satheesh!
Accepted but i want more, break 5075 forcefully & enjoy 5000-4950 soon either FIRE is trying for firing rally:)
@ Cool - u didn't go 2 native??by the way thanks for the wishes and not getting angry on my malayalam
@ DR - haha :)by the way my in-laws are moving here and there nifty NOT :P
Sis
U long or short?
Thanks kumar sir,
Sujatha with kumar sir in our camp i think our butterfly is going to fly in our favour!! :)
Suja,
Harpreet's target ??? high or low you mean - I did'nt get you!!
DR sir,
Is this dip sufficient for you to buy, or do you want more?? :)
@Satheesh,
In uptrends in Daily/Weekly TF, any sideways correction keeps nifty below H-HEMA most of the time. And vice-versa in downtrends. You can check that in the last major downmove, in sideways corrections, Nifty closed ABOVE the H-LEMA for hours, staying below D-LEMA all the time, and then the fall resumed. Thats why i am thinking like that. Evidently, I have been wrong so many times, that nobody minds it anymore here. :P
@sateesh bro i am not member in google group
my mail id isthamus@gmail.com kindly send me notes
regards
isthamus
If the move from 5154 till now was a triangle, then remember "Triangles precede the end of a move"(of that T/f).
satheesh
Its time wise correction whez dip? I cant see
Its not the nature of pulli
Puli attacks at the speeds of about 49–65 kilometres per hour
Sir,
Do u mean the end of the current upmove by that if its a triangle?
For Commodity Lovers few trades were posted.
Intrested may enter
Sanjay sir how your commodity trades are going?
Mine gold was doing fantastic.
Big Swing highes & lowes
@Kumarji,
Pulli nahi aa raha hai to lag gaya mera leg pull karne? :D
Actually sir, I am just sticking to my earlier view as TT is supporting. Master is talking about the triangle, which is also a typical 4th wave characteristic. So expecting another 100 points rally from the low of 5090 NF, which also nicely coincides with the tgt of 5195. My earlier view --
"FIRE said...
Can shorting here be a good decision? In times like these, it has been often seen Nifty going to touch the top of the last ivth. By two counts of Master, the top of the last iv is 4966. Maybe that is the first target. After that, depending on the TT, even 5195 could be a distinct possibility.
Also, the late-come-johnnies among the bears may not give any serious retracement, trying to cover at every single small dip. If that really is the case today, then we should close at day's high today."
Sir what a coincidence!! I just spotted out the triangle and drw it on my chart refreshed the blog page and I have your answer!! Great sir!!
@ Shreyunik,
"5177 & 5196", the two major lows when Nifty fell from 6339 & 5944 are the "Supply zones/ resistances". So far the supply seem to come around that zone.
Triangles are found in 4th waves (4th wave precedes 5th) and hence suggested a likely ST top.
It is also possible that it is simply a profit booking action..(Thursdays are associated with such an action).
Let us see how this upside plays out.
Aggressive players could sell around WHEma.(generally the first attempt Nifty moves 10-20 points above it...depends on its strength)
It was posted on August 29, 2011 12:33 PM. :)
Thanks Sir!!
sir,
many times it has worked like magic like 4720. if
some cnbc analyst wud have done it they wud have made
him star for few weeks as a big guru.
actually at times we dont know whether the fall will
materialise or nifty will be rangebound or breakout.
though we didnt go below day lema but if we always wait
till there we miss a good part. it doesnt remain
aggressive trade anymore. this time hour charts
had broken previous peak 4965 and slow hour macd was
deeply positive. so i was biased towards this being
range bound and breakout. but as it maintained below
21 sma i had to take aggressive shorts which was
reversed at 5005. so even analysing correctly i lost
money on sl. if i wud not have acted and the fall
continued it cud have gone down deep below 4722
to complete 3.5
Triangle breakout from 5132 should give 50 pts which coincides with 5195 levels.
Nifty futures Chart updated : CLICK HERE
What a move. "Triangles precede the end of a move"
(of that T/f).
@ San,
Thank you. Looking at your last presentation made me look at it as a "triangle".
Thank you Sir.
New Post Done.
Post a Comment