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...
51 comments:
Knowledge is power but too much knowledge may be dangerous sometimes. This market apply simple things, identify your levels & follow ur stoploss 1st then reward will be yours.
Master told many times that 5176-5194 is selling area, see Nifty respected 100 points from his levels:)
Nifty Futures testing 50 Hour MA: CLICK HERE
San iam confused whether to use SMA or EMA when using 50
and 200 MA pls help me.
@all
nifty returned from crucial levels..watch out
http://imageshack.us/photo/my-images/69/niftydailycrucialjunctu.png/
Inverted flag and pole on nifty 5 min ?
@ilango sir,
Shouldnt iv.a be a 5 wave impulse ? ( assuming we are in iv.b )
Thanks
gd
Till 5124 is breached ( DHEma ) it should be a sell on rises ???
gd
gd,
do you expect again new low today?
pdd
Kolkatta lines are still silent, something is cooking there...may be frying FISH on strong FIRE:)
Sir as 5100ce hugew short build up says nifty bounce back from
monday. seniors please suggest me on this
eurpore is travelling to new low.
RIL AGAIN
PDD
Kumar sir,
As master said selling zone 5175-90, I placed order at 5170, but high is 5162 …
How to handle this?
@hitendra,
I am an amateur's amateur.
Given that, I feel we will see 5000 first. ( purely based
on my EW analysis ).
gd
@ravii. I missed on a BN entry today by one point. can u beleive it? profit was 100 points. Cant do anythng i guess.
LAST WEEK CLOSE WAS 5040.
50% RETRA IS @ 5056.
WE NEED IN B/W AT LEAST FOR FURTHER LOWS.
A CLOSE ABOVE 5087 IS NOT FRUTILE FOR BEARS.
PDD
@Ravii,
Some times if it goes to 5175 in second round,NF price may equal to 5162. Some times we will miss like this.
almost 9 lacs OI shedded from 5000 PUT...
4900 PUT also shedded 9 lacs OI
ril new low of the day.
Dear Ravii!
These kind of figures are not God's figure, which will come sure exactly. Operators also know these levels so he, me, you...everyone will be ready to supply there. If you could not sell there then you must have sold in part close to that level or when 1st hourly closing was below HOUR HIGH EMA. Trading require flexibility always:)
Dinesh Rishi said...
Anything is possible in Love, War and Stock Market.
September 8, 2011 3:17 PM
.
@hitendra,
If it is a impulse from 5145 until now, then we are in wave 5.
Then 5000-5010 is my target sometime monday.
gd
Yes Cooldent...when master said Sell near WHEMA (5175),
I places order at 5170.
Or should we sell 10-15 points before the level? that is 5160-65
.
@hitendra,
I meant from 5170 until now. That seems like a 5-wave
structure with currently in the 5th.
gd
Namaste Ilango sir and all,
Nifty Hour chart update:
50%(5056) retracement is almost done from 4933 to 5169 at 5061.
http://3.bp.blogspot.com/-t-Xai3Xe5Kg/TmnZnerzrEI/AAAAAAAAASE/uf-gqY7z3ac/s1600/NS+hour+update+sept+9.bmp
gd,
thsnks
pd
Kumar Sir,
U almost answered my Q.. :)
but "how closer" one need to sell, i tried selling 5 points closer to level
Or it is better to take 10-15 closer ?
I know my Q appear silly, pardon me for that..
@Kumarji,
I was talking about the BIG Bears coming in the market yesterday in the late hours. And you all came. :D
We in Calcutta are small fry. And now "Mahajano yena gatah sa panthah". :P
Kumar sir,
Thanks.
@Ravii,
We can also follow Kumar Sir's advice. If you sold by 10:00 A.M. with 20 pts SL, it went 5154 only.
Sir,
Is the triangle correctly spotted in the hour chart? yesterday you were telling about triangle preceeding the next wave? Please clarify!!
@ravii,
selling into rally and buying into fall requires great
experience. we can have 2 plans sell into rally sl xxxx
if the rally doesnt materialise sell break xxxxx.
@ cooldent
doing intra in bank nifty?? bank nifty jnsar far away??
Dear Satheesh!
Ur welcome, good wishes to whole family.
Dear Ravii!
If trade is for 40-50 points then 5-10 points close is fine but if its for 100-150 points like weekly avg etc. then 20-25 does not matter for me:)
Dear FIRE!
Thanx for coming, i just wanted ur comment on this bearish weekend. My secret report is that you are still huge buyer....but in puts:)
Piyush,
U r right, tried selling at highs... missed it.
No issues JNSAR might trigger on monday :)
BTW,
Now last 30 minutes battle ON…for
Day 5 EMA: 5082
Week 5 EMA: 5047
Thanks for reply Kumar sir!
Was testing my understanding is fine or needs some fine tuning
Got clarified now…
kumar,
holding put of 5100 as per your recom.
thanks.
pdd
23.6 % retracements from 5169/4720 is 5063.
50% retracements from 5169/4943 is 5056.
pdd
@ Ravii,
If you had read it correctly, the Pre-Market also stated that
"Weakness would be evident at the break of 5140(Day Pivot) & 5100(Yesterday's low). Developing week Pivot is another point of contention on the lower side."
Incidentally 5142 was ORB low.
The problem is "Mind is fixated" with one sided "selling at 5180" that you were not willing to accept the "Price weakness".
"Stretched areas" in technical analysis is the area one should "DARE".
Dear DR!
Weekend song for you sir:
http://www.youtube.com/watch?v=PWyYWZGQ3l8
5056 on board & broken.
any one have idea about volume at this juncture?
pdd.
Ilango Sir,
I noted those words but missed the entry once nifty breaks pivot
any ways no regrets... got the lesson..
"Stretched areas" in technical analysis is the area one should "DARE".
Day chart update with rising wedge:
http://1.bp.blogspot.com/-wr7bhp8APy8/TmngTc6vvmI/AAAAAAAAASI/KAV0toyPYYM/s1600/Day+chart+rising+wedge+sept+9.bmp
Very True Ilango Sir
Happy Weekend to All
Spend some time and cash with your family
Kumar Sir
Kabhi alvida na kehna
http://www.youtube.com/watch?v=0QCAoENRfPs
Himmat ki kimat hai --- In market
On 5 min chart Nifty is making rounding top so after a minor rally or without rally it may go upto 4950, if 5040 broken.
Developing weekly pivot is @ 5061 which is where the "point of contention on the lower side".
@pcsmitpra,
I have taken a view based on few studies and when the weight of evidence tilt to a particular side, we should initiate our trades accordingly.
Though JNSAR is not triggered, weakness is creeping into weekly TA as well as daily TA.(Month is down already).
It could either consolidate between 4900/50 to 5100/50 next week and below 4895, the chances of new low would increase.
Bye Ilango Sir and all blog mates
thanks sir for your valuable comments.
good bye & happy weekends
pd
Bye sir,,,
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