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...
49 comments:
Are we going to have a 5125-5160 A-B-C-D-E today :). Time
spent in C wave to get to next week.
Just for funn....
http://us.123rf.com/400wm/120/159/stevemc/stevemc0802/stevemc080200004/2494622.jpg
http://files.myopera.com/m2m99/albums/565103/Funny-Titanic-mrm.jpg
today if u want weakness break 5122 level & sit on that tightly
@Ilango
Agressive intra sell at WHEMA?.....welcome your inputs
at this juncture
good afternoon blogmates,
sir said in pre mkt view is
Weakness, if any, may be expected in the latter half
OR
when prices find the congested 5170-5195, resistance.
resisted at 5168.40.
rohit view for nasdaq is
First index to retrace almost 78.6% in a
rising wedge like formation
which appears complete.
@AshishAg
Where is the cash volume in this upmove ---- Lowesh cash volume this month -- F&O induced buying only
4th time taking trendling support & bounce
jeetendra sir,
ur comments pl.
@powertrade,
i think u r talking abt intra charts 5 min or less
@PS Sir
True .. Intra 5 min charts only
Now with trendline support ..triangle... not showing any weakness yet
@piyush,
What TL do you use for EW analysis ?
For Option Trader
First two week of series –Always Option price of NIFTY increase fast than decrease if NIFTY go up or down.
Last two week of series – Always Option price of NIFTY Decrease fast than increase if NIFTY go up or down.
EW time based analysis:
If 1 from 5020-5168 took 7.5 hrs,
2 will take 4-5 hrs. We are done with 2.5 hrs in 2.
Runup after 2:30 or gapup in morning.
DONT TRADE BASED ON THIS.
@golfdude
"What TL do you use for EW analysis ?"
can u elaborate
5122 break karo
2 major tops in NF - 5174 and 5155 - were to be crossed.
One was crossed yday, but second could not be.
We may see 5230+ only above 5175 now.
Intraday basis, 5127 - pivot level was not breached till now.
Now once breached, we may see correction now.
If 5108 is breached before this hour ends, both hourly and weekly JNSAR sell will get triggered
@AshishAg
The moves will be broadly Gap down's .. Just my observation as the implusive 5th wave in august was majortity in gap downs only ---
@piyush,
What timeframes do you do EW analysis ? I mean like do
you follow EW at 5 min chart ?
Sorry, my mistake. Weekly JNSAR is 5081.
Went long at 5110 with 5075 SL.
Today looks like Selling at the Top :)
ok thats tf, i was thinking how does tl fit in here.
in 5 min the waves form clearly when u compress the
chart so sometimes it pays to look in 5 min.
Good Noon Pcpmitpra :)
Dear Ilango sir,
I had shorted nifty at 5165 yesterday and put a stop at 5200. pls advise .
friends,
don't ignore msg's of jeetendra sir.
i am with his personal interaction since 5 yrs.
he is impressed by this forum members.
he believes many of you as smart trend detector.
he is giving views only of Nfuture.
sir,
what will be further tgts if
Intraday basis, 5127 - pivot level was not breached
till now. Now once breached,
we may see correction now.
pdd
Mixed Asian cues made it possible to assess the "resistancec" along with continued divergence in 5-min chart for a fall towards pivot-5108.
This much is possible based on previous day's TA.
Now, what is unfolding is a new TA of which we have little clues.
Safe trading is over; guessing game begins.
@Ilango Sir,
Is it prudent to keep 5197 SL on closing basis as shorts at this level will not be in much loss even if SL of 5197 triggers ?????
above 5140 sustain then no short
@ PT,
Whatever shorts created must be partbooked during corrections till some sell signal starts to emerge such as "Closing below Pivot/ DHema initially and then closing below DEma".
Weekly trend(as of last Friday's close): UP without momentum- It has sold off once above WHEma today.
Daily Trend(as of yesterday's close): UP with momentum.
Hour Trend(as of 1.00PM Close): Sell without downward momentum.
Thanks a Lot Sir
I like this...
Safe trading is over; guessing game begins.
sir,
looking to FED comments tonight,
as per guessing game.....
mkt will correct from tmrw.
Nothiing much is to expected from there.
As nifty resisted ard 5170, same way,
S&P resisted several times above 1220,
Nasdaq retrace almost 78.6% in a
rising wedge like formation which appears complete.
pdd
http://3.bp.blogspot.com/_DtaxftC9awU/SqJg6UZ56dI/AAAAAAAACgE/CYEYsK1Aw1k/s400/Confused%2BBaby.bmp.jpg
@Hitendra
With you as Multiple tops at 5170 now and the upmove lacks the necessary Cash adrenaline ..
Yesterday only with 25 points premium it can be inferred that it was a case of short covering
Most imp area 5140
With 22nd Sept being an important Gann turn dare, caution at higher levels as Nifty Future can re-test Lower Level ?
@ HITENDRA
We may see 5103 and 5085 levels, as per last hour move.
nifty moving in channel
yes brij,
incidentally it is ard 50% retrace lvl from recent low.
5168.4/5109.85=5039.
pdd
thank you sir...
pdd(hitendra)
HITENDRA.. Is it 5139.
true prabha,
it's 5139.
5040 is 50% retrace lvl from 5168/4911.
if we close below 5076 today,
it's possible for tmrw.
3 weeks up move has complted last friday.
this is the fourth week.
mkt never given fourth up tick in recent past.
so, i expect a close below 5084 by friday.
again guessing game....
38.2% retr of 5017 to 5170 reached at 5113NF. This almost corresponds to DAy Pivot at 5108NS. Futhere weakness would set in when NF trades below these levels and an Hour closing below 5105 - Day Hema
Again guessing,
WHAT WILL BE POSITIVE TRIGGER FOR UPMOVE
ONCE FED POLICY OVER.
ONLY MONTH & QUARTERLY STRECHINGGGGG.
PDDD
What is OI data ? 5000 PE writing ?
New Post Done.
Bollinger W forming.
Post a Comment