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...
54 comments:
GA Illango Sir, DR Sir and all friends
till this,
two attempts to scale 50% retrac lvl of 4845
from 4930/4759.
We live in a nation where
1. Rice is Rs.40/- per kg and SIM Card is free.
2. Pizza reaches home faster than Ambulance and Police.
3. Car loan @ 5% but education loan @ 12%.
4. Students with 45% get in elite institutions thru quota system and those with 90% get out because of merit.
5. A millionaire can buy a cricket team instead of donating the money to any charity. 2 IPL teams are auctioned at 3300 crores and we are still a poor country where people starve for 2 square meals per day.
6. The footwear, we wear, are sold in AC showrooms, but vegetables, that we eat, are sold on the footpath.
7. Everybody wants to be famous but nobody wants to follow the path to be famous.
8. Assembly complex buildings are getting ready within one year while public transport bridges alone take several years to be completed.
9. We make lemon juices with artificial flavours and dish wash liquids with real lemon.
Think about it!
If you cross the
The North Korean border illegally, you get..... 12 years hard labour in an isolated prison.....
Iranian border illegally, you get detained indefinitely.....
Afghan border illegally, you get shot.....
Saudi Arabian border illegally, you get jailed.....
Chinese border illegally, you get kidnapped and may be never heard of - again....
Venezuelan border illegally, you get branded as a spy and your fate sealed.....
Cuban border illegally, you get thrown into a political prison to rot.....
British border illegally, you get arrested, prosecuted, sent to prison and be deported after serving your sentence.....
Now....
if you were to cross the Indian border illegally, you get .....
a. A ration card
b. A passport (even more than one - if you please!)
c. A driver's license
d. A voter identity card
e. Credit cards
f. A Haj subsidy
g. Job reservation
h. Special privileges for minorities
i. Government housing on subsidized rent
j. Loan to buy a house
k. Free education
l. Free health care
m. A lobbyist in New Delhi, with a bunch of media morons and a bigger bunch of human rights activists promoting your cause
n. The right to talk about secularism, which you have not heard about in your own country!
o. And of-course..... voting rights to elect corrupt politicians who will promote your community for their selfish interest in securing your votes !!!
p. and right to fight election for MLA or MP Hats off ..... to the .....
A. Corrupt and communal Indian politicians
B. The inefficient and corrupt Indian police force
C. The silly pseudo-secularists in India, who promote traitors staying here
D. The amazingly lenient Indian courts and legal system. That's why people like Afzal Guru are still alive, same will happen with Kasab.
E. We self centred Indian citizens, who are not bothered about the dangers to our own country.
F. The illogically brainless human-rights activists, who think that terrorists deserve to be dealt with by archaic laws meant for an era, when human beings were human beings.
Rich ... enjoy gold
:) yea very much silver also
@aashish,
Going by sir's EW above,
5.3.1 - 4930-4760
5.3.2 - 4760-4850 ( 4865 is 62% - too much for W2 )
5.3.3 - 4850-4575 ( 1.62*W1 )
to add one more thing if cross border illegally and create havoc in our contry you get five star treatment with topmost security --Kasab
Prabhakar said...
@Dinesh Rishi,
Did you not bring any thing for us from the trip?
Yes Prabhakar
I went for TA course conducted by NSE
got new Ideas and In-depth study of TA
I gained lots of new experiences there
There we learnt Why, How, when, & why?
During practicals, We participated as traders in certain mkt conditions
And saw how, why and when patterns and reversal signals are actually made.
will share with all as and when time comes
reverse retra lvls to be watched is 4802/4792.
I feel, we may not see meaningful bounce
before wednesday.
60/80 points intraday upmove is enough in bear mkt.
Today, it is 86 points.
Shorter than 100 points on Friday.
pdd
@ Bhavan... good one...; D
And My Copper trade over
It Requires Guts
and Experience to buy an Item at LC level :D
for commodity lovers only
Gold bounce back very sharply near from $1540, but keep in mind today's low is very important in gold and silver both.
I think a close below today's low for both the metal may invite more downside
yes hitendra...
two levels looks imp one is now 4855 & 2nd is present 4805
Thanks for ur kind update...
Tisco in +VE
mkt recovering 100 pts in future from day low DR effect
from 4785 to continue buy signal intra,,, good bulls happy
Yes Aj pacca DR sir ka Effect hain --- FII ke sath milke buy kar rahe hain :)
@AshishAg,
Very nice observations. Please keep up the good work.
Just a remider from the previous post @ Indus,
Though the resistance levels are marked on the chart, this rise is based on distinct +ve divergences in Hour TA. Hence, allow it to unfold. If it surpasses 4896(80% of 4930 to 4759), then it is presumed that it is retracing the 5168 to 4759.So watch for 4890
@aashish,
5.1 was 5170-4770.
5.2 can go to 4822. ( 38 % ). Maybe playing zigzag now.
Its was my morning First post
Dinesh Rishi said...
I was away and beers have done injustice with my bulls
but now I am back............
http://www.youtube.com/watch?v=myqz0Alj6js
September 26, 2011 10:45 AM
but now SL for my Longs is 4840 fut
Primary Trend, Secondary Move all are down
so strict on SL
@Dinesh Rishi,
Thank you for your bold line.
4854 long triggers with macd divergence....and schot. comfortably above 20
@Dinesh sir:
"will share with all as and when time comes"
- eagerly awaiting for this time.
@ discipline focus,
You have fine tuned it quite well.
So Prabhakar
Todays lesson
During up trend reversal signals are different from
signals which develop at down trend.
Reversal candles for long trade have no relevance
during down trend or in short trade
@Jigs
Silver bounced from 100 Week sma An important level as you said. Chart updated.
@ilango
learnt from you master...all these months......learning patitently and quietly
4900 now rock hard to cross ,,,
@san
Thanks 4 the chart you are doing very very good job as usual u rocks man
Dow future & europe recovered.
it's good time to shorttt.
i wl keep sl of 4930.
pdd
4900 later, 1st 4870-4880 is too heavy for Bulls:)
So now the possibilities are down to only two. Either this is ii of 3 of 5 going on or 2 of 5 . Anyway, a huge fall is in cards as soon as this rally gets completed. All the higher TF supports that too. The only bone of contention is how far this rally can go. So what do the bears have to complain about? :D
@aashish,
Typo in my prev post. Meant 4922 as 38% retrace.
When Kolkatta will start selling, Fall will start automatically:)
Kumar sir 4888 is also bit tough as it is 5Wk Low EMA.
Now Hrly 5HEma @4851..Let us see whether it will be hold or not
-ve div seen at 15 Mint NF chart
@fire,
4922 is 38% of 5170-4760. That could
also help the 2 of 5 case.
Summon Chidambaram as a witness in 2G case, says A Raja:
http://timesofindia.indiatimes.com/india/2G-case-Raja-seeks-Chidambarams-examination-as-witness/articleshow/10126158.cms
NIFTY Getting resisted @ golden rato: CLICK HERE
Thanks Jigs.
brij,
4900 is sweet dream in near futrureeeeee.
falling again.
4842/4826/4814/4801/4791 is retrac lvl from
4868/4759.
pdd
@ILANGO
master according to hourly is this a whipsaw @ breach of 4844 or shall there be a 10 point filter
@ hitendra,,,
Yes rock hard,, bye bye to intra bulls..
Its look like we will see 2050 to 2100 on SBI
before/on expiry. Today there was sell just to close
the short at 2000 CE.
Bye Sir & all friends
@ discipline focus,
3.00PM did not confirm with a close above Hr.JNSAR. Last Hour close has to be above 4844 for a buy trigger.
Depending on the situation, use "close" or "Intra". Being in downtrend in higher T/F, prefer close.
The Slow MACD is a wonderful indicator as Master has shown again and again. Especially when it triggers after making 2 bottoms or tops. 100-200 points can be made in a jiffy then. Thank you master for reminding once again.
DR Sir
Negative divergence ne apna kaam kar diya :)
PT they way BN & MCX recovered
beers need not to be so happy
Bull r not scared at all
@Ilango,
yup master got it. so the hour.JNSAR FOR 3:00 WAS 4854
while the close was 4851.8(52) hence the long was invalidated
and in downtrend safer starategy is to wait for the close above it.
@DR Sir,
Thanks a Lot ---- May be tomorrow a New high then acute negative divergence ... :) :)
Trading using H-JNSAR should have given 545 pts for September.
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