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...
79 comments:
@DR,
Promise I wont laugh. You made money. That is what that matters.
I remember a guy who had lost so much money in trading, his
wife told him to record every trade he did before he did it,
and she went and did the opposite betting big !!! :).
Sir - thank you very much.
DR - honestly..lot of times i have done that mistake and "stopped that long back" comfortable at 'NOW situation" but would like to know the "invalidation level" becoz that lower target was mentioned by sir also. Thanks for your guidance. Learnt "trading discipline from you a lot"
GD
repled on previous page :D
Now the situation is opposite
Previous High + 60 mint OS
Trend + Monentum + JNSAR is down
so what will You do Now?
Reply is must
Isnt it OB?
Wt will u do?? Join kumar sir ;)
@DR,
Thx for that. OS and OB can be there for long time.
So key as you said is - SMALL SL.
If SL hit, do you keep retrying if conditions persist ???
Wait for day hema and short
I shorted with a SL of day high ema. ONly thing is often SL gets triggered if u put it in system only for mkt to reverse again once SL is hit.. how to manage this?
@DR,
Didnt answer ur question. Sell here ? Since OB and prev high
point. Also 4964 retracement levels.
GD
You missed second point OB/OS and previous High/Low
we are buying/selling for double top/double bottom & false breaks
It seems like Nifty got resisted at days R2 in TT table of 4946.
-ive div in macd and stoch when it made 4946 how far it will go down? any idea?
@DR, GD:
Also 4946 is R2 in TT.. so makes sense to short...
@DR,
Understand OB/OS, prev high/low, double top/bottom.
What are false breaks ? Thx
I have always observed
when FII are selling in cash DII is always buying and
market usually comes down...
and when both sell ...market closes in Green :)
Master can we short now.
@ DR Sir:
But whats the right SL now?
Master can we short now since it got resisted at R2.
shreyunik
I am adamant bull I wont short
will book & look
4 next opportunity :D
@ DR:
But the answer to ur question was to short, right Sir? So if u would, then what would be the SL?
Shreyunik
What's your plan 4 the day?
Ru sure you dont know what SL should be Kept for nifty?
Mine Plan was
Dinesh Rishi said...
Good Morning Master and Copy to All
NF close above 4950 will reverse short term momentum
Primary trend still remains down
September 27, 2011 9:20 AM
and In between also I mentioned if 4950 sustained No short
@ DR Sir:
Ok... I didnt mean it that way... get ur point... but was actually trying to understand how u place a SL for such trades... and how to manage SL.. cause its a tricky area.. at this juncture..
And u r right Sir, I should have a very very clear plan for the day... which I realise I don't ... thats the problem..
thanks for that!
DR Sir
Could you please reply to query of GD and Shreyunik that of small SL getting hit but conditions are persisting do we keep retrying. I have faced this dilemma innumerable times.
Friends dont get confused
there are 101 ways to trade mkt
But to make money is only one method
and thats JNSAR
be on right side - money will flow
26-Sep-2011 1240.60 2324.43 -1,083.83
23-Sep-2011 1640.68 2920.29 -1,279.61
22-Sep-2011 1364.68 2670.23 -1,305.55
These are FII's sell figures for the last three days. I never ignore such numbers unless price contradicts it.
34-Hr sma & 50% retrace are same now and 9hr rsi is reaching above 80 mark but not yet turned down. The afternoon session will be interesting.
shreyunik
Standard SL for Nifty is 20 points
at double bottom if it breaks and proves to be false break out
wont breach more than 20 points.
First study few situations with the help of old charts.
Mkt not going to close
search my post operators are smiling in their mustache
I think around 16 Sep same situation was there and a Juicy trade
:D
Thank you master that helped.
Thank you DR SIR for the lesson...and thank you GD for the question too
juicy - definition of juicy by the Free Online Dictionary, Thesaurus ...
www.thefreedictionary.com/juicy
adj. juic·i·er, juic·i·est. 1. Full of juice; succulent. 2. a. Richly interesting: a juicy mystery novel. b. Racy; titillating: a juicy bit of gossip. 3. Yielding profit; rewarding ..
Thanks DR Sir :)
And now some time pass
Band hojaingi aankhien hamari jis din,
kitni hi aankhon main ansu honge us din,
jo kehte hain bht boltien hain hum,
tarsen ge wahi log hamari awaz ko ik din.
Shohar aur bivi main baat cheet band thi..
1 subha shohar ko jaldi uth kar kahin jana tha,
usne kaghaz pe likha
Mujhe subha 7 baje itha dena or kaghaz bv k takye k niche rakh dia..
..
Subha shohar ki aankh khuli to 8 baj rahay thay..
Woh gusse se utha to dekha k takye k pass 1 kaghaz para tha aur likha tha..
"7 baj rahay hain, Uth jaoo"
Looks like a broadening top pattern intraday if it doesnt breach the day high now...
4925 level to watch...
H5 4960 : D
Blog update..
pcsmitpra,,, GA
नीतीश एकदिन लालू से : तुम खाली पेट कितने सेब खा सकते हो ?
लालू : छह
नीतीश : गलत, सिर्फ एक ...क्यूंकि एक सेब खाने के बाद तुम खाली पेट थोड़े ही रहोगे
लालू : अरे इ तो हम सोचे ही नहीं ...
लालू घर जाकर राबड़ी से : तुम खाली पेटवा कितने सेब वा खा सकती हो ?
राबड़ी : दस
लालू : धत्त बुडबक, छह कहती तो एक ठो मस्त जोकवा सुनाते..!!!!!!!!!!
goodnoon PCS
sir, - then these FII figures are worrysome for bulls?? if at all JNSAR not taken out??
Now the game begins
recent High 4934NF broken
if it sustains its breakout else thud sound
@ilango sir, i have checked at my end both 5 min as well as
hourly chart RSI 9 is not above 80.
plz guide?
@DR
Your bank nifty dont make new high with nifty ?
its showing weakness?
hello llango sir,
as per EW count still 4 th wave running ,
currently 4 th of C wave running it will move above
5100 , ABC is flat in 4th wave in complex form.
5th wave targeting below 4500
@SAM,
How are your fingers?
this expiry may be in 5000 to 5100
Traveller
If Trading Nifty dont track BN
BN already filled gap but for Nifty its still pending
BN can do 100-200 points in Just 1 mint
@ Swami,
"Sideways market" gives us more than 2 possibilities. One could only "trade as in a sideways market" with broader ranges which is typical of 4th waves.
Now 14Hr RSI started to turning down from 60 mark &
9.H.Rsi reaching up to 90 mark..Let us see whether Bulls
shall fight today for 4975 or not?
brijsolution said...
Rupee now support to bulls
September 26, 2011 10:19 AM
when i post this msg nifty was 4780 & now 4950. almost = 170 points..
this old MSG post intention is only that how rupee support..
Now same rupee can support bears also if 48.90 not break..
Sujata madam,,,, Sorry for old repeat MSG...
@DR
thanks :)
@Prabhakar thanks ...n u still remember..
but i don't have any problem with my fingers.
i have plaster to my left hand(fracture in wrist bone)
usually i use my left hand in all my works(as i m left handen)
so i m only typing with my right hand.
as far as plaster is concerned 15 days gone .. 15 more
days to go to remove it.
regards
sam
llango
this my count in 4 th wave
A is 5169 in form of 5 wave fineshed
B wave sub wave a @ 4911, b@ 5168 c @ 4758( 61.8% of wave a)
C wave running in form of 5 wave 1 and 2 finished, 3 is running
third wave may be ended b/w 5050 to 5100
4965-4985 -- Week EMA/ Day HEMA/13 Day EMA/34 Hour SMA/50% RT/ 200% of yesterday's rally in points/ previous cluster
Interesting zone to watch.
Personal observation, Nifty rallies for 1-2 days after Daily MACD gives a Sell signal, when MACD tries to reverse the signal, but fails. Can happen same this time?
@Sam, get well soon and punch the bulls hard with your southpaw stance like Jim Corbett. :D
@ brijsolution,
Avoid repeats unless it is warranted. Just share if you can.
Sam
get well soon
Dear Fire,
The highest rollover for this series is today and it
is Bet.4910-4980,as well as it is just 1.10 Cr.
Still today's 2 Hrs & more 13 trading Hrs are there,
means it would hardly reach 2.10-2.20 CR.O.I.which shall be O.K. in current scenario.
So the chances of immediate collapsing too much would be probably less.
STOCH. near 95 MACD flourishing upward...no signs of weakness
as of yet ..for the LONGS of today opening with stop loses
partial @ day's low 4905 and the rest @ 4880 as guided by the master
changing the s/l now @ breakeven +10 for the quants
and /or covering partial at the first sign of resistance
NIFTY @ 5962 curretly
@Fire & Manish --thank you.
@Ilango
In an earlier comment this morning, you mentioned the
possibility of selling near the 50% retrace placed at
4964....could we sell here, with tomorrow's JNSAR as
stop loss???....currently it has resisted at 4965
DR-ji - u laughed @ me on "sensex" almost +100 pnts from 375 levels it has to halt @ 488/500 or else 585 :P i took ulta view "with TSL"
@AshishAg i m looking in hour and 5 min charts nifty spot
not included preopen ticks.
Nifty testing fibo resistance, also a small channel friction here.
But nifty in bulls hands. Europe holding for now.
-stockgrp
Study Material
Traders Psychology On A Stock Chart
http://www.swing-trade-stocks.com/psychology.html
Breakout Traders - These traders bought the breakout. They operate under the "greater fool theory". They are just praying that other traders come along and buy higher than they did.
http://www.swing-trade-stocks.com/psychology.html
@ Fire - 4965 lot of stuff?? add Cam weekly H3 + 61% retracement from 5168 4955 nearby weekly pvt. 4973 is nearby What is that?? ............ fill it
@Ashishg
RSI9 on 30 min is 79. I see small -ve div. for solace of bears :)
Drakula ru on Fast?
Stock - is there raising wedge forming in 30 min.charts?? hehe u know abt my chart knowledge :D don't mind if it's wrong??
PS : DR-ji 488 also done.. enough get down pls. sensex target is high showing means nifty??? :P
For Bears :)
Jesse Livermore:-
"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do.
@sis Sujatha,
4973 J10
@ Indus,
That comment was meant for that particular reader who wanted to sell then. I only delayed his actions.
@Ilango
A Succint response:):)....but clear....thank you
DR,
Bear Dracula having rest after thrashing of bulls, no fast. :D
@Sujatha,
no rising wedge :(
Sis
Already part booked @ 55
if my 50 sustains no prob but will add only when
SS cools down
JNSAR 4 tom is 4999
Just for fun...
http://thewondrous.com/wp-content/uploads/2010/03/when_birds_attack_24.jpg
http://www.guzer.com/pictures/long_cat.jpg
Above DLEma, the most crucial number would be weekly Pivot-4955. Sustaining above the weekly pivot only strength to the markets.
Remember also the daily TA is still down which would attract some selling at higher levels till a close changes the set up.
Supreme Court to decide whether CBI should investigate P Chidambram post 2.00 p.m.
ಅಮ್ಮಾ, ಧನ್ಯವಾದಗಳು
ధన్యవాదాలు
DR ji - will add "after SS cool down" :( oops. againnnnnn OMG
anyway slight hope from"sir's daily TA" for bears + dracula roaming here :)
sirji - thanks.
PS : who wants bear party close the sensex down below 488/400 for short term atleast.
New Post Done.
Prabhakar
http://www.jokesprank.com/gallery/data/media/4/Santa_Banta_and_Power_Failure_in_Delhi.jpg
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