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...
5 comments:
So all u people slept early today??? :P thanks for not disturbing sir. let him sleep @ week end atleast.
:)
Understanding your wife is like downloading a 1GB file with 2 Kbps speed and when you have downloaded 99% you get an error message!
Santa ki maa: Beta tujhe Delhi jaane me ek din lagta hai aur lautney me char din, kyun?
Santa: Biji sab car banane walo ki galti hai. Jaane ke liye char gear aur back karne ke liye sirf ek!
Happy week end
Many thanks Ilango sir , for your guidance.
May God fullfill your deepest wishes .
Trying my best to learn to manage trades once I take them
, Indeed a difficult task .
If we assume that the ending diagonal started @ 5168, then the first part of the fall ended @ 4758(410 points) & then a rise to 5034(276 points-67%) and now this latest fall should not be more than 410 points(5034-410=4624) and preferably 80% of the previous fall which is (5034-328=4706). Once this fall is over, if not done already, a 61.8% to 80% of retracing upmove will unfold.
In sum: Below 4624 deeper falls; Around 4706, it could reverse and move up by 200-250 points. Watch the last channel drawn for the fall from 5034-4728....from pre mkt view on a 06-10-2011... and nifty rebound to 200 point from 4750-4939 in future... sir u r simply gr8 i think ur SACHIN TENDULKAR OF NIFTY... NIFTY KE GOD:))) SIR keep it up and God bless u long live
SGX nifty traded now at 4868 in future so cash arround 4852.. i think monday moring opening down and open arround 4845-4855... and JNSAR for hour 4862 in opening trade.. dow jones down -50 point rite now
2 days of weekend in between. A lot can happen... Nifty was closed for one day and see what happened.
What is more important is where were S&P futures when Indian markets closed... and where they are when Indian markets open on Monday morning..
Indian markets close around 6am ET in US and open at 11:30pm ET in US.
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