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...
67 comments:
Satheesh - check nifty spot 5 days 30mins. chart strong support 4984 decesive break means straight hit 4930 that is the next support as per my "ZERO KNOWLEDGE OF CHARTS"
@ PS,
The rise from 4720 to 5169 could be labelled as 5s as well as abc. It suits the market to keep us guessing. But if we know a reasonable direction, we could use these studies.
we don't want to be among the men who look back and count but we do so in the "playing field".
The more we get closer in T/f, it is challenging as well as damaging.
Nevertheless, we attempt, wearing safety wear(SL).
just sharing following info:
The VIX made a high of 36-37 in previous panics
ATM vols of 4900 around 31%
OTM vols put 4600-4700 at 36-37 %
OTM Vols of calls at 28-29%
The last two two times INDIA VIX was
above 32 was on 09/08/2011 –
Nifty was 4950-500 it bounced to 5195 and
next on 26/08/2011 it traded at 32 –
Nifty was at 4720-4750 it bounce back to 5150 +.
Only time Index has traded above 38-40 vols
has been in 2008 Lehmann collapse period.
now india vix is 32
.
Wave 4 theory has timeframe support on its side. Wave 4
is usually Wave 3 timeline, especially in daily and above.
Given that, we are looking at end of month for Wave 4
to complete ( Wave 3 was 23 days ). Just during/begin
of next month, Wave 5 might start :)
Thurs Fri could be a down day as per vedic astrology.
Just an additional input. Please use this whilst
making back of the envelope calculations during trading
Hope it helps. Thks.
dare
same analysis Sis mailed me yesterday
:)
STBSTB
Bro ealrier we had lots of debates on Astro and stock market
if you have any past data (back test report)
in respect of planetary move plz post it
we are sick of all these types of studies/posts
Nice Bearish Flag in 5-min. chart. Also MAC is seen. So a big intra-move may come anytime today.
@ Dinesh rishiji,
yes........ i also recd the same type of mail...
so felt to share here
.
If Wave 4 zigzag is on, and timeframe is to match 3,
then Sep 28-29 we end Wave 4. If 4.a is 4720-5170 and it took
7 days, then Sep 20 ( next week Tuesday ), I expect
C to start ( same in timeline and size as A ).
All timelines approx.
Good afternoon Sir and friends.
Kumar sir, nice call in the last message. And I would say no stop loss on those buys :-)
yes sir,
it can be labelled as 5 too.
Dear DR data is from modernvedicastrologydotcom -
70:30 reliability per my experience.
Actually all studies and analysis r concepts only and
we put our faith in the best tested concept and move
ahead. No concept is foolproof.
Best to keep an open mind. Thks/Lots Rgds.
@ FIRE,
When in downtrend, always look for bearish flags...they help a lot. Good obs..
Bear flag in 5 mins???
DR sir,
Today's pre-market High 5191.90. Any chance of reaching
there ?
@Ilango
seems that could have worked
lets see thought :)
Sujatha,
I do not maintain 30 mins chart as per 5min NF charts there is are price clusters at 4970-80. Once this breaks there will be crossovers of the MA's and a fall would be present. As per the Bullish Gartely formed now the retracements are 4970,4944 and 4925 - your TGT achieved. (I say Insha Allah)
Bullish gartley 5min chart:
http://2.bp.blogspot.com/-8emPxHESSNs/TnGfUx_X1iI/AAAAAAAAATA/1wWUzzAmf2k/s1600/Bullish+gartley+in+5min+NF+sept+15.bmp
Master,
All learnt from you only.
Though I have been beaten too by the pole at times, still I wave the flag whenever I see it. :P
STBSTB
Bro you also try JNSAR
and dont distract us from our time tested study
we know how to filer noise but new fellows get trapped
ad I dont think Master will like posting links of websites
which are providing paid services
.
If this is 4 zigzag, then we are playing 4.B.c
4.B.a = 5170-4910 ( 260 ) - 14 hours
4.B.b = 4910-5066 ( 156 ~= .628*260 )
4.B.c = 5066-4810 - ending at Friday or Monday morning.
So even with 4 possibility, we are in an impulse down.
head and shoulders in 5 min charts... 4930 target?
Option Millionaire
pre-open price has no significance
due to pre-mkt open
I study NF chart now a days
Dear DR sir,
Thank you so much.
Dear DR got your point. Thks for highlighting. Will
take care. Just presenting an astro view. No ulterior
motives.
Must also say Ilango's TT is a super system - But the most super
is Ilango as a good human being.
Thks for this wonderful blog and nice people Ilango.
Thanks 2 u also
STBSTB :)
Cheers!!!!!!!!!!
sujataji- in 30 min charts, 2nd sept high of 5064.9 and todays high, can we consider them as 2 shoulders and 5168 as d head as a valid HNS pattern. am not too good in patterns so askin.
http://vix.co.in/indiavix/live-chart/
abv is for who loves to compare VIX and want toknow more dig stockcharts.com for short term use P&F
ram - v almost in week end take just frm 8th to 14th just draw the supp/resistance this is for short term trading atleast u r not too good in pattern? me :P BIG ZERO :D
.
I am really lucky to start my EW education in
a Wave 4 in both Nifty and S&P. And very irregular
corrections in both.
@Ilango
on 5 min EW
ii doing abc
a b done c started targeting 5012-35 :)
BN leading
and a joke
Wife : Do you want dinner? Husband : Sure, what are my choices? Wife : Yes and no.
@Dinesh Rishi,
lol....... Just power came and saw your posting)
.
@manish,
Have same count. But concerning that it reached
previous impulse down's wave 1. So maybe counts are
wrong at a degree above.
@Prabhakar,
you too facing power problem. r u from chennai?
@ jnsar NOW
Now what? Long or short?
@gd
till 5042 Nifty spot & 5048 for Future not crossed can go with the 5 min EW count posted by Ilango
abv that count will have to be changed
.
All safe shorting zones with 5050 SL ???
Perplexes sate of market and mind tooo :(
Sis to me
show details 1:13 PM (15 minutes ago)
thank u sir mm..long position no guts to post @ JN newcomers may affect becoz of my comments as i can change my coat suddenly
4974 20 sma + 4982 intra cam L3 // 50% fibo @4958 + 4952 intra short breakout was my SL OMG it didn't hit :) bach gaya
another fooling thought - sept. is mostly mkt friendly except in bear market .... lolz
=============
pcsmitpra
I trade long only so did not initiated Short, and mine SL are bit relaxed
If you are trading in this kind of Mkt and have to pay 2-3 whips dont worry you will end in right direction only
and when direction is established 2-3 whips will be covered in single trade
cos after whips trend tends to be strong
Dear Sir today first filter short and second filter long
trigger.Now No trading in nifty.
Sir,
Is the concept is correct.
@Prabakar,
This not power cut.They are changing electrical lines.
Lunch is ready
http://barfani.files.wordpress.com/2009/05/dsc086171.jpg
Friends ,
Now we are JNSAR @ 5038 LONG.
Is JNSAR Triggered Long??
PUNTER'S CALL
http://www.sharekhan.com/CMT/Upload/NewsLetter/Report/Highnoon-Sep15_11.pdf
Sir,
The upmove almost retraced 80% of the fall today... is that ok
if we are considering the fall as i of iii of v?
@pcsmitpra
"Any Comment to invest in KingFisher ?"
What do you mean by King Fisher...let me assume
King Fisher stock = don't invest, stay away from airlines stocks in recession, KFA has bad margins. TA = momentum, trend down.
King Fisher calender = BUY BUY BUY! :D
Final call by Brij Sir
AJ
King Fisher calender = BUY BUY BUY! :D
Plz mail me latest catalog for KFA calender
Today has been a day of 61.8% retr:
61.8% retr of 4090-5047 = 4960
61.8% retr of 4959-5013 = 4981
161.8% retr of 5013-4978 = 5035
Todays NF movement
5047 -4959-5013-4978-5044
The power of fibo!!!!
AJ one for me too pls
Ilango Sir said….
“”Why one must have confusion with JNSAR...?
JNSAR for the day is 5037... (I have made it 5027 to initiate it after profit booking- you could ignore it if it leads to confusion)
Being an "eventful day" with RBI rate decision, make use of the volatility to capture some points. “”
I Agreed ………….thats why I written…
For day traders, every day is good DAY, The period 11 AM to 1 PM having good momentum, specially range breakup or down.....So just play, keep away long term , short term etc. specially when big event coming…
upload n post that link here better :P
@Dinesh Rishi,
The lunch is very small, is it because it is Thursday?
@ dr - '0cos after whips trend tends to be strong'
noted
Sir,
What is JNSAR trade now, Long or Short?
Sir NIFTY unable to cross JNSAR is it comfortable to
take fresh shorts here again for any dips upto 4985.
@manish,
Amazing.
Wave a - 50 pts - 10:30 - 12
Wave c - 50 pts - 12:30 - 2
JNSAR IS LONG
I guess tough it touched 5015
@pcsmitpra
More info
http://www.moneycontrol.com/news/buzzingstocks/auditors-paintdire-picturekingfisher-stock-down-4_586456.html
@ DR and cooldent
May be we can get it from "pcsmitpra" if he doesn't invest in the Stock
I won't mind even if it's a 2008, 2009 or 2010 year calender!
@DKG,
My system shows previous low is 5016.50. So it is long as per my view
jnsar long triggereddddd
@gd
hoping that c ends there
5042 watching
New Post Done.
banghead.
if taken long at 5037 then sar at 5017
if taken long at 5027 then sar at 5007
write 100 times
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