There are occasions Nifty has fallen big after piercing JNSAR and there are also occasions Nifty has breached it by 0.50 to 2 points and has reversed. It could be debated which is the correct way but there isn't any single one but a combination of them. We apply filter for two days after JNSAR has triggered. My mistake was to "remove that trigger on the 2nd day(19th) from 5000 to 5020".For the trader who managed to avoid that whipsaw, the JNSAR for today is 5022 without the filter. However, he can choose to apply the filter on the 3rd day too as per his wish.
35 comments:
Good Mornign Ilango Ji,
SGX Trading @ 5042.50 with the day's high and low so far @ 5058 and 5029.50 respectively.
Good Morning Master & Friends
GM Ilango. Thnx for the pre-market views:
Kindly let me know if I understood properly (this will
help many newcomers to get more clarity i guess).
If market opens around yesterday's levels and goes down
breaking 5022 (NS), one can short NF. If mkt. stays above
this level for an hour or so - one can enter longs
targeting 5090/5140 NF? (50/100 pts from entry level 5040 NF)
Is that correct?
gm all.
SGX even.
Trading plan:
Aggressive Trade -
Short till S1 ( 5013 ) with SL at pivot ( 5038 )
Long after pivot to R1 and above.
Conservative Trade -
Long if stays above pivot with S1 as SL.
Notes -
Monthly trend down. MLEma at 5081.
Weekly trend neutral but below 5-Ema ( 5047 ).
Daily trend neutral but below 5-Ema ( 5042 )
EW notes -
Still feel 6-7 days of trading required to be a
valid Wave 4. And the zigzag's C wave seem to be on.
We have retraced 50-61.8% of last run if this
Wave 2 of C.
Appears neither a shorting time or a going long time.
Namaste Ilango Sir & Blogmates,
Though OI Table has lost much of its shine but still has very good support at lower levels: Option Analysis for 20-09-2011
Duplicated at Wordpress Site
Thanks & Regards,
good morning master & friends.have a nice day.
Master ILANGO GOOD morning,
and friends have a profitable day.
Good Morning Ilango Sir and Friends
SBI Weekly chart shows bullish possibility, Daily chart is still below resistane levels: CLICK HERE
good morning master & blogmates.
Thanks to GD for trading plan
Nifty 50 i request you to update the OI table in the evening if possible.
Good morning master,
Hello friends
Have a good day.
Thanks
Well said Ilango Sir..
@Ilango,
Sir,
If one is following JNSAR and getting profits then he should also be ready to accepts loss by SL. No system can be 100% accurate, one need to accept some exceptions. It is the winning percentage of system that counts in long run.
Thanks for your update on JNSAR.
Regards.
Namaste Ilango Sir
have a nice trading day
Namaste Ilango Sir and fellow bloggers.
LV
Namaste Ilango sir and all,
Hour Chart Update:
Hour Chart Update
Good Morning Sir and Warriors
Good morning Sir and to all Friends.
Good Morning Master and copy to All
My second trade with JNSAR and I have been whipsawed again. I still totally believe in it, just that I have been unlucky. I still have to work on the SL for JNSAR. Just not sure.
Good Morning All @ golfdude we must give importance to pattern position also. 'c' seems to be on
Namaste Ilango Sir & All.
@sudharsan,
Yes. Another mistake for which I dont know whether
anyone can learn. 5000 was 61.8%, so market could have
gone to 4980 and bounced or 5020 and bounced. It did the
later. Importance of higher TFs. As DR's note yesterday,
playing higher TFs is definitely the way to go ( as of now :) ).
Good morning guru dev & friends
GM to all
Nifty @ last weeks weekly JNSAR
GOOD MORNING...................
Namaste Ilangoji !
Had e-mailed you a number of PDF files of most tutorials.
I am new in your august forum & looking to broad time EW analysis for period , as for example, 2002 onward or at least 2008 onward.
Thanks
Gm sir and all mates...nifty trading above mid bb in 30 min charts. above weekly jnsar, high probability of hitting upper bb in 30 min charts. also, lead indicator in day charts has not turned negative.
Good Morning Everybody!
DR sir, Bank Nifty is strong & holding well above week open....so whats next sir?
seems like cup and handle pattern mentioned yesterday is finished.
Gm sir & friends,,,
Now weakness only below 5045..
Above 5080 sustain zoom
New Post Done.
5 min chart Update:
5min Chart Update
@ Satheesh
Namaste Ilango sir and all,
Hour Chart Update:
Hour Chart Update
September 20, 2011 9:06 AM
I am new to EW and laso trying to learn EW
As shown in hourly chart c wave cannot be the shortest as per my reading if not pl correct me.
Regards
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