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...
78 comments:
below 4986,
2 minor imp fibo lvls are 4966/62..
bank nifty in bears & beer partyyy
pdd
Nifty seems to keep pace with downtrend and touch WLEMA currently at 4936
Sir,
Thanks a ton..will fine tune "while trading".the fast 4911 calling??? :P
Sandy - Will DOW have tonight?? if not "and if it pushes upside means"??? just a wild thinking :P
@Ilango
so confirmation of start of v will be below close below 4900 only?
@ilango sir,
If this is 5 ( showing impulse signs today ), then
appears only 5.i ?
we are near 100 points fall from today's high.
recent max up from low was 130 points,
then max down lvl may be 4930 by close.
guessing game
pdd
Just for fun...
http://www.davesdailydose.com/pics/4/8/funny_baby_phone_stock_market_humor_cool_haha_lol_rofl_smiles.jpg
http://3.bp.blogspot.com/-8B5isz9Cn3k/TlD_hFRAiqI/AAAAAAAABFU/_Eyo7BUWs2M/s1600/funny-stock-market-guy-desperate.jpg
@Sujatha
Mun ki Baat kahin Kal subah se ye 4911 yaad a raha tha ... Plz bribg early :)
Height of begging -
A sleeping beggar puts up a notice board infront of him -
"Please do not make noise by dropping coins..offer notes" :)
My height of begging to index - pls. close abv 16585/659 atleast.
EUROPE NEW LOW OF THE DAYYY.
EW folks -
If this is 5,
5.i = 5168-4965
5.ii = 4965-5070 ( 50% W1 )
5.iii = 5070-4750 ( 1.62 W1 )
5.iv = 4750-4900 ( 38% W3 )
5.v = 4900-4650 ( > W1 )
Where is our big bear (Mr.Pankaj Sukla)?
PT - on the way to your "office" i love counter trend also that will give yummy fast recovery + profit. I believe my 585 will protect huh... wat a "foolish lady with foolish thinking" :P
@ Manish,
It is just that the larger trend is asserting after allowing the ST to dance for a while.
Oscillator reading: also suggests of bigger move downs for a round of move from OB to OS.
There will be bounces which need to be "traded" if experienced. If not, the simple part booking/ re-entering/ sitting tight will do.
@pcsmitpra
Looks like revisit to 4874 but now it can be risky to enter in puts so better to rake a new trade tomorrow at higher levels
An Please call me PT only No Sir Plz :)
@Sujatha
Let it be tomorrow so that we can buy there :)
Aj muje Kama lene do :D :D LOL
@Ilango
ok
:)
TYE TYE FISHHHHHHHHHH
DHISHUM DHISHUMMMMMMM
4962.......
Sujatha said:
The only time I really ever lost money was
when I broke my own rules. Jesse Livermore
FOR those who do not know : JESSE Livermore broke his own rules several times and finally paid the price of suicide. His final words were:
“My dear Nina: Can’t help it. Things have been bad with me. I am tired of fighting. Can’t carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry,
but this is the only way out for me. Love Laurie”,
Ref : http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
JNSAR today only gave 100 points ---
What else you want in life :)
Yes Mr.PT. But I mint 45 points only
SUJ big down day (expecting)
@ PT,
Get Rich Slowly & Quietly.
@ Sandy - mm.. if v open "gap down" 2morow also most welcome .. no probs :)
@ PT - hmm..exactly 100 pnts need sensex :( closing below that is "setback" for bullsfor this month
@ Jiggs - where r u what abt gold???
double century coming kya:)
GA Everybody,
Since morning absolutely no sign of any intra recovery.
5015,4996,4972 are Big volume trades for NF since 12 noon.
Abnormal 41 lac + addition in NF since morning.If it is unwinding by Bulls then tomorrow it would be litmus test around 4936 i.e. Wlema.Hrly oversold
indicator suggesting at least some amount of bounce
but who knows where Nifty wants to settle after 3.5 % fall?
@ cooldent - SL hits... out with loss
Bala - mm..other side of "jesse" very sad. what to do? he changed his wives like his "shirts" :P nowadays also well educated + rich people only committing suicide
Lesson - if "our mind and heart" is not in "our" control then all is waste.
@Ilango Sir,
Very True :) :) :)
@Sujatha
Ghee and Sugar :) :)
POWERTRADE said...
JNSAR today only gave 100 points ---
What else you want in life :)
September 22, 2011 2:36 PM
@PT,
want a master to guide.
@sujatha
last line is touching one...
NIFTY Fibonacci level: CLICK HERE
@Suj what was ur SL?
Thursday never used to be so cruel
Predicting bottom and going long on every fall, is a
bad exercise if you donno your stoploss..i learned
this lesson very harshly in earlier days..
mkt respected no support be it 5020/5000/4980/4960
let weeekly ema came to rescue
Double century today!
PT - already had "jamuns" and with toothache :)
Anil - really i feel sad whnever saw news like suicides especialy from "like IIM students, drs. engineers etc" no "guts" to face life :P
Bhavan - weely L4 cam 4956 pity..in one day like v r in 2008 situation??? !!!
Sir,
Will wait for your guidance on when to re-enter shorts.
In a Bear Market use Resistance to sell or break of support to sell
and
In bull Market vice-versa
Above all we have the Master to Guide Us :)
JAY HO OBAMA.
SLOGAN OF BEARSSSSS.
PDDD
@ Sujatha
Funny thing was his last wife had four husbands and all of them committed suicide.
Still he went for her and followed the RULE of his last wife..yes very sad :(
aah!! it feels so good if you are short and market
falls like this...... :)
@ Bala:
Thanks for the info on Livermore...enlightening for sure
@Sujatha
My favourites Jamuns since childhood :) :)
Ab dant nai bache hain :D lol
SR ok so while counting wekly levels we have to take the previous week's level of high low close in this case from 12th to 16th?
@Ilango Sir - I have short positions from 5140(October series). Do you suggest part booking, or should I hold on to them for a target below 4700? Kindly advice.
Hitendra said...
we are near 100 points fall from today's high.
recent max up from low was 130 points,
then max down lvl may be 4930 by close.
guessing game
pdd
September 22, 2011 2:17 PM
part booking near weekly low ema...
@Ilango
Sir,
Huge OI addition took place at 4700PE i.e. 17lakh , but only 47K at 4800PE
It seems market is not going to stop before 4700.
Rgds.
watch closely on 4911111111111
pddd
http://images.sodahead.com/polls/001286763/grizzly_roaring_answer_3_xlarge.jpeg
आज का कत्तल का दिन ,भले हमेशा के लिए तो नहीं, लेकिन कुछ दिनो तक तो बुल्स को जरूर याद रहेगा !
Hitendra said...
61.8% retrac lvl from 5168/4911 is 5009.
Broken.
61.8% retrac lvl from 5168/4720 is 4891.
This is to be watched.
in b/w 4945/4940 is also important.
At present, mkt needs new positive signal for upmove
& that is lacking.
pdd
September 22, 2011 12:42 PM
@Mynac
Katla aur itna bura ki bolon mat :D :D
@ Bharat,
Part booking closer to 4900 locks in 140 points profits. But the choice should be yours. It is your trade.
It is possible, Nifty may attempt a retracement of 25%-38% of this fall of 170 which could be 4970 or more & then fall OR it could again fall big.
Larger trend just turned down again and Shorter trend is at OS(& it could remain more time too).
Dear PT,
At least .....Now......
complimentary please.
@ilango sir,
EW analysis please.
@ AimNifty,
That adds credence to the Vth.
@ Nilesh,
Sub-waves of vth , in a swift mode, is difficult to trade.
@Ilango Sir,
What is the labling for this wave?
5Th 1st?
Sorry, Thanks.
In morning ppl worrying abt 20 points SL,,,
its a swift 150 points odd fall in nifty future...
PT,
After long time double century fall in nifty.
so far almost again 4911 survived.
pd
@ Anil,
You made a very "Sane Comment" when readers had doubts about JNSAR trading. It is their hesitation that prevents them from making great trades. And also "Sitting tight".
@ PT - morning i "opened my mouth" when i saw "hangseng" @ - 700 now v r - 700 :(am out with "all" no positions :) let it go wherever it wants
With 22nd Sept being an important Gann turn dare, caution at higher levels as Nifty Future can re-test Lower Level ?
September 21, 2011 1:32 PM
The Above Statement i read in article which i
posted yesterdy-As i trade only JN SAR with
Call/Put OPTIONS
Tomorrow's S2:4813; S1:4870; Pivot:4965. (Approx)
अँधा जाने आंख की कीमत,
इंट्रा बुल्स जाने,इंट्रा बाउन्स का मोल !
just 30 points "condolence bounce" from day low.
very sorry to say,
jeetendra sir has told me that if NF of current month
trade below 4990, then another 100 points fall.
i wants to publish but has restricted me
bcoz of so scarry picture at that time.
he is quiet intelligent.
pdd
@sir,
i loose trades due to hesitation, i missed that huge
fall after diwali, due to same...now coming out
slowly...i trade whipsaws during previous week...
its a very difficult, task to sit just for '7' hours...
@Hitendra
Me booked all -- tomorrow Fresh Trade -- As sir says Part booking -- me booked all today
@Sujatha
Same Pinch :) :)
Power of Bear flag breakdown, trend reversal in daily chart.
And the power of bear dracula when DR is absent :))
-stockgrp
pt,
war never endssssssss
byeeeeeeeeee
Thank you Master and all Seniors ...
Hi,
How to handle 4 lots of mini nifty at avg cost of 5000.
Thanks in advance for guidance.
@Ilango Sir - Ok . Thanks...
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