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...
33 comments:
The price action this month has clearly indicated a Pause, befitting the 4th wave.
From the lows of 4720 to 5169;
From 5169 to 4911 & then to 5168;
From 5168 to 4759;
And Now from 4759, it is on its way to 5168 again...!!!
A flat in 4th.
Dear Ilango Sir & Blogmates,
OI Update at 2:00 OM
Thanks & Regards,
Sanjay Kr Jaiswal
@ilango sir,
80% rule for going up ?
NE body joining me ?
http://www.dadimaxpress.co.uk/_/rsrc/1299286454216/home/THALI_PICTURE.1299285445805
& now the real test of Bulls power begins
@Ilango
the last 5168 to 4759 could you check on smaller Time frame like 5 min can it labeled as 12345 then it could be that wave i was done & now in wave ii
"5012" is 61.8% & comes closer to JNSAR.(aggressive negation)
"5086" is 80.0%.
80% is not a rule but a guideline. It failed during the last fall exceeding 80% but reversing. But its chapter is not yet closed. We'll know soon.
"5168 to 4759" unfolded in a "5" which bulls label it as "c" of B of 4th while Bears label it as "5.i".
Whereas a trader uses a combination of regular TA expressed in Trend/ lead indicators and trade them.
दिनेश sir के वापस आते ही मार्केट मै धमाल!
Wishful thinking - Mr. DOW uncle trapped "bears" yesterday night. Today night request him to trap "bulls" :) but it can't becoz "big hands" may enter in "october" comfortably by month end. till the time "swinging"??
PS : over thinking "injurious" to wealth :)
"4955" for weakness.
Did not clear 4980.
Bears looking for german firepower - need bad news from germany on 29th.
-stockgrp
@Ilango
thanks
:)
The Hour TA which was Oversold turned up yesterday is currently "Overbought" but not yet turned down.
Dear Ilango Sir,
I have one question. How much of a weightage should be given to gaps? The reason I ask is, after fill the gap at 4750 kind of levels we are now (most probably) trying to fill the 5150 gap that was left.
I'm trying to understand if GAPs overrule Waves, RSI etc
Please help.
@pcsmitra,
that starter will be tasty for bear dracula :)
So, ORB gave 50 points today. :)
@ ilango stochastic at 98+ ...nifty on threshold to break daily JNSAR...
retest of 4980 ...if the closing is above 4980
are the longs safe?
Good noon sir and Warriors
@ Buzz,
There are no such guidelines to gaps except for:
Breakout gap: which we understand from "breaking out of a range.
Runaway gap: Once a trend becomes clear, market opens with a gap of fresh buyers/ sellers.
Exhaustion gap: The late comers using "Trend is my friend" when already the friend is in death bed rushes in ...
But the gaps that forms during a sideways range, generally gets filled up unless a new trend is emerging which will be known after a few days.
@ discipline focus ,
Which stochastics is at 98.?
Just reaching OB zone is not a sign of weakness unless reverses. Often a reading of 100 in rsi chart indicates extreme ST bullishness and "0" extreme bearishness.
"4980" is the modified J10SAR & has triggered a buy - manage it with 4955-week pivot.
Bank Nifty JNSAR triggered a buy @ 9630, manage it with 50 points SAR.
Sir 4986 is DHEMA will this level also act as resistance
apart from 5005-5015 (mentioned in the chart)
@ilango
master the stoch(AMIBROKER) i am using are as follow-
STOCHASTIC%D(15,3,3) - CURRENTLY 97.65
STOCHASTIC%D(15,3) - CURRENTLY 96.48
please let me know if I have to change the setting in
order to get reliable STOCH.
In bank nifty 15 min chart showing first weakness
Stochastic Indicator
Its composition is such till the price closes above 50% of the
candle it will keep its direction up
The Stochastic oscillator measures the capacity of bulls to close prices near the top of the recent trading range and the capacity of bears to close them near the bottom. It ties the high of the range, representing the maximum power of bulls, with the low, representing the maximum power of bears, and with closing prices, representing the actions of smart money.
Use The Stochastic Oscillator Wrong And Stay Poor Or Use It Right And Become Rich
http://www.guerillastocktrading.com/technical-analysis/use-the-stochastic-oscillator-wrong-and-stay-poor-or-use-it-right-and-become-rich/
below 9570 more weakness in banknifty
"4949" is HEma. A close above it keeps the Hour TA Up & below down.
"4962" is HHEma. A close above it keeps the Hour momentum UP and below it down and joins the all T/f momentum being down.
Dear all,
DLF up 8.5%
What is the news. Any one follow DLF
BLS NaiK Mam
Plz send me test mail I have something to discuss
I think you have mail ID, or click on my profile, you will get from there
This expiry Pain is shifting towards bears
as of now if JNSAR triggers
Tom There will be Lottery options
will decide tom
dont jump the gun
@all,
Tomorrow if market opens above 5025 ( D-JNSAR ), it is
a buy ? Confirm...
DR Sir, will be waiting for your expiry options lottery call like last month.
good day
adios.
GD. Tomorrows jnsar will be 5000
@Dr.
I am eagerly waiting for your OPTION strategy.. Last 2 days and in the direction of JNSAR
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