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...
59 comments:
dr sir..IT stocks pullin nifty up.
आज फिर सोलह हज्जार का लेवल टुटा है
ये अच्छी बात नही है
RC BN & IT inverse relation normally
looks like an inverted h&S in the making...
@PCS
if possible since HLEMA is just nearby pivot keep a sl of that when long and HHEMA when sht pivot 4999o HLEMA 4776 HHEMA 4816
@ pcsmitpra,
"4820"-previous low is taken as resistance. And the same was ORB high.
If manages to stay above 4790 & move past 4820, upsides possible.
Inability to stay above 4790, it could continue to slide.
"Festival atmosphere" has taken away volumes.
So trading such a day would be "frustrating"..
a lot of action around pivot or 4792 according to intra vol.profile
Sir,
Can't the entire fall from 5034 to 4730 yday be counted as wave i of iii of v? If so, then the retracements could be upto 4840 (38%) or more...and later if an impulsive fall again... could change the view back to a normal vth wave down?
Good Morning...............
Today Nifty showing strength for upside till 4880
good morning blogmates,
4819/4728
fib retrac lvl on downside are
4798/4784/4774/4763.
Got support @ 4774.
PDD
hello master and all
good marning..
दशहरा मुबारक.............
चाहे तो माज़दूर को सेठ,
चाहे तो सेठ को माज़दूर बना दे;
न काम न श्रम,
बैठे बिठाए पैसे कमवा दे।
पर जिस किसी को भी मिले अवसर,
वही लगाता है पैसा;
लंबी अवधी छोटी अवधी का खेल है,
तरक्की से इसका अनोखा मेल है।
ये ऊपर उठे तो लोग मुस्काते हैं,
ये निचे गिरे तो लोग मर जाते हैं;
इसकी माया भी अनूठी है,
चढता गिरता चढता गिरता रहता है।
चाहे लाल हो या हरा,
है हमेशा लोगों से भरा,
जो भी हो इसमें,
फर्क सारे देश को है पडा़!
@ shreyunik,
Each fall & rise is well channeled.
Current move is falling within a channel. Above 4820-25, it would break that channel.
EW labeling should take a back seat for a while till things clear out.
Namaste Ilango sir and all,
For yesterday's range of 4885 - 4728 61.8%retracement comes to 4825 - approx today's high.
Thanks Sir.... please let us know when to add shorts in the day if at all.
Ilango sir, above 4825 sud conservatives also reverse??
Morning fall from 4819 to 4774 is being retraced with a flag.
Break down below 4792.
@ shreyunik,
I would simply share my observations. You have to take your own decisions.
Of course, there are occasions, I might feel more conviction to share explicitly.
PT- changed ur coat today? any reasons for it?
Master ilango, thanks for ur continuous guidance and such
a great system and best of all **ALWAYS UNDER UR
GUIDANCE** have learned a lot bt still long way to go.
☺☺
Namaste Ilango Sir and JN Family.
Festival Wishes to all JN Family.
Sanjay Bhai will be busy with Pooja today.
For Intraday OI,
NIFTY OPTIDX Open Interest at 10 -> CLICK HERE
@Ram Charan
4800 Puts are stills not covering --- So thinking that they may get covered at 4880 and then the fall ... Would Keep Sl of 4760 for Buy :)
illango sir,if the upper end of this channel is 4820-25,then what is the lower end? is it 4772 or else for a break down again.
PT..:)
PT: just keep an eye on longs until it crosses mid bb in 30 mins..
@ rajan,
The lower end of the channel coincides with S2 of the day 4650.
Sir fall from 4868 to 4728, 61.8% retracement already done on
5 min chart. Is it now resell zone with SL of 4850 (5Day EMA)
sir,now i can take longs with s/l of 4750.sir u have mentioned 4650 by mistake.Thanks for reply.
short signal on 15 mint 30 mint
but 60 wala still holding
if 60 wala also joins ..............
sir i am sorry it is 4649 u have mentioned in pre mht view.
OMG BNF 1.82 down
Dear Master
Good Morning.
I wanted to ask you during a bull market is it better to follow the individual stock JNSAR or index JNSAR should be kept for initiating longs in a bull market.
Why i ask this question is because In a Bear market it all stocks fall in unison but in bull market each sector takes leadership from time to time.
So in present bear phase i simply look at index JNSAR to initiate sell in individual stocks and all of them oblige. Would it be the same in a bull market.
Dear all,
Power gone, so posting OI 5 min earlier, before my ups go down.
NIFTY OPTIDX Open Interest at 10.55 am -> CLICK HERE
sir,i think one can take shts with s/l of 4820-25,because s/l for longs is too far.
@ AD,
You are right about "Bull markets having sectoral buying" whereas in Bear markets, they fall in unison.
You could combine index JNSAR with individual stock's JNSAR to be more sure.
Emotional Atyachar
Nifty holding bank falling
http://www.youtube.com/watch?v=VGXNzBjZXUs&feature=related
DR bhai..are u still short in nifty?
Thank you Sir
@ DR,
BN, if holding 8750, upsides possible.
@DR
GOOD MORNING
Master has the led indicator given a Buy signal on
hourly chart.
Rohit MSG:
Yesterday the BSE 500 broke the August low, while the Sensex is still above
it. I learnt from the oldest in the field long back that
broader indices give lead indications and here the BSE 500 is indicating that the other will
follow soon.
The recent moves from the September high can be fit into a wedge formation
that can mark a bottom but since all the legs are impulse down it could be a leading diagonal too
In that case wave ii up would test the 20dma at 5030 [Nifty] again in the coming days.
But its hard to forecast, If 4825 is crossed this possibility might gain in probability.
But the trend should remain down.
BN fast fall??
@ Parminder,
Prices beyond 4780-4810 likely to show intraday direction.
Though indicators indicating "Overbought & +ve div", prices are not confirming.
A close above HrJ10SAR would be ideal.
Yes..Cooldent,
It should be read as "Oversold & +ve div".
Thank you.
Thanks Master for ur precious views .....
☺☺
"Today Contra trades may work well"
@Ilango
Flag keeps on extending...
Now the pattern has become "Draupadi's Sari" pattern! :D
AJjjjjjjjjjjjjjjjjjjjjjjj
LOlzzzzzzzzzzzz ROFLMAOoooooooooooooooo
@ AJ,
Bulls may have been given a bit more leeway by DOW.
Until reversed, it is considered Down. Yes...Flag did have that extension as in a "Flat correction". Hence my range break as "4780-4810."
seems waiting for europe to open to take a direction and tomorrow will be our trading holiday
@pcsmitpra stick to basics:)
Thanks Ilango for range levels.
Till "Prices beyond 4780-4810" I am with "alpari"
General observation from JNSAR.
When you are far away from the day’s JNSAR’s level, reversal won’t happen on that day.
JNSAR for BN – 9471 – we are about 650 ticks away
JNSAR for BN – 4934 – we are about 130 ticks away
If there is no sharp reversal today, long positions i.e, trades against JNSAR should be hedged properly considering holiday tomorrow.
various price ranges for Hdd in ebay.
New Post Done.
DEAR ILANGO SIR,
ONLY ONE QUESTION,
YESTERDAY ONE OF OUR BLOGMAT , WRITTEN HIS EXPERIENCE
AND SUGGESTION FOR ME, HIS THEME IS IT IS NOT POSSIBLE
TO EARN MONEY FROM MKT...I BELIEVE IT S POSSIBLE , AND
I CAN BECOME A PROFSSNTL TRADER. TELL ME SIR ,HOW CAN I
TRY TO BECOME SO, i belive in this blog somany people are
earning smoothly , am i right sir??
@Ilango and Blogmates,
Although hourly Jn.Sar has trigeered a long...keep some
cution and margin of error.....as in closing above
the Hr.Jnsar....MACD hourly giving nice divergence
SCHO. comfortable over 40......confirmation only
after hourly closing to safeguard from whipsaws
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