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...
58 comments:
Ilango sir, JNSAR on chart is 5033, sud we take 5005 or 5033 for today??
Thanks
@Ilango
Could u please confirm the JNSAR to be utilized for today?
@ Bizagra, Indus,
JNSAR - Let it remain the simple number. Individuals may choose to add other inputs only at "critical junctures" if they feel it is compelling enough.
You might want to consider "tomorrow's JNSAR" for the later session.
A H&S breakdown in 5-min. chart? Pattern traders deceived by this gap. :(
@Anil,
Kudos. I remember the triangle statement.
Namaste ilango sir and friends,
Today's quote received :
Anyone can conquer fear by doing the things he fears to do, provided he keeps doing them until he gets a record of successful experiences. Then why to fear….??? Just do with self confidence…..
Dear bizagra,
I would prefer 5033 & considering fellow members
observations and suggestions .35% filter which comes to
5015 shall be there,if I want to go long from here.
After all it's own experience and thinking.
But one thing is very much clear that the price movement
will frustrate the both ..i.e. sellers as well as buyers.
thx gauresh darr ke aage hi jeet hai
@ilango sir,
One small request - In your premarket view, you
show many interim trades within the JNSAR trades. I
would appreciate if you can give reasons for making
the trades, so that we can also learn your reasons
for trading. I know a few ( as specified in TT around the EMAs ).
Thanks
i think jnsar shud be orignal 5005 beacuse 5033 is
coinciding with day lema and as sir pointed out in
correction it bangs against day lema. there might be
extra whipsaw with 5033.
@Fire
Thanks for ur appreciating words...
5005 is a crucial level, and one can expect a great
support at this level...
some things should remain simple...
for today jnsar is at 5005 , below this only i think we should short !
Though DJNSAR is still at buy HJNSAR did suggest sell
yesteday and some other indicators did suggest a sell
on Friday.
@ nifty rider,
If we fear to do, how can we win....?
Fear is the second name of death.....
Dar dar ke kya jina.....?
Fear is in our mind, it is not our own self...
We can keep it out from our mind if we are determined.
people following JNSar this could be a buy level as MKT finding support @DLEma and the SL would be 5005
DLEma yesterday after close at 4.30 post was 5027 today low is 5028.55
true.if everyone one of us do one selfless task even if its tiny in a day.society has a major impact of this
weekly J10 SAR sell triggered today. markets need to close above that for any strength.
yesterday also Sir had suggested 5030around levels for buying for people who could not buy earlier
Disclosures for people who could doubting bought @5048 with a SL of 5005
and still in long of the earlier position
@ Gd,
Most of the trades are based on "Pre-market" levels. Whenever possible, I share certain key observations. If we go beyond that it would make the readers crippled for life.
Each follow the market in their own style. And it should remain that way for consistent success.
Comparing, if done, in a healthy way is good but it should not result in "jumping from one system to other at the drop of a hat".
GM sir and friends.
Most important level to.watch is 5012-16.
If market supports this we will.rally else fall will continue to.fill.gap.between 4967-87
Rgds,
Bramesh
Thanks Brahmesh for reminding the Gap
a)support for today S2 at 5045 is done and falling.
b)tomorrows JNSAR 5033 is holding.
c) 0.23% retrace from 4728 to 5160 is done at 5058.
TO BE WATCHED CAREFULLY FOR SUPPORT
A) 34 DEMA = 5023
B) 13DEMA = 5014
C) Today JNSAR = 5005
D) 21 DEMA = 5003
E) 0.38% retrace from 4728 to 5160 = 4996
why 5005 is coming to be important...
http://imageshack.us/photo/my-images/402/nifty5min.png/
please check out google charts, 30 min candles for sept 22nd..current fall resembles dat :)
H-MACD ( fast ) turning negative.
master ilango
There was a positive divergence on 10 min charts if i am right.
kindly guide.
Lets Have break
Brb
http://www.youtube.com/watch?v=-w_P5Pr6eEQ
targets -arrogance, stoploss -humbleness, technicals - strength , market - supereme
DR Saab this question is for you.
A few days back I had a doubt about when to initiate a JNSAR trade and how to manage the SL. Your advice/suggestion was that as soon as JNSAR is triggered open a position.. no SL, as soon as it is triggered in another direction close the current position and open the reverse position. (correct me if my understanding is wrong).
My question is, say for eg, we close today at 5030, which has not triggered the JNSAR for today, but for tomorrow its a Sell. What would be your advice here? Go short at closing, since we are below tomorrow's JNSAR value or hold on till market opens tomorrow and then go short.
Ilango sir..with current price..is our day lead indicator below 80?
waiting for averages to come down...
Buzz if JNSAR triggers we keep 20 point SL
cos sometimes price keep on fluctuating at the
JNSAR number. If trend is strong it hits and move 50 points in few minutes
=====
My question is, say for eg, we close today at 5030, which has not triggered the JNSAR for today, but for tomorrow its a Sell. What would be your advice here? Go short at closing, since we are below tomorrow's JNSAR value or hold on till market opens tomorrow and then go short.
Rule 1: Never Jump the gun
Rule 2 :If in doubt stay out
Rule 3 : if JNSAR whipsaws, the move in other direction is
very strong cos max get trapped at that time.
Ram Charan,
From updated chart.. Lead indicator is at Mid Point
Crisis 50-55.
What I have observed tht during this upmove and and small
falls nifty didnt manage to close below houlr Pivot for
more than 2 hours..lets wait for 12pm close.
@ Ram Charan,
Yes..It is. I'll alert you, hopefully, by 3.15PM.
Thanks Ilango sir.
Ravi- what u are seeing is hour lead indicator. what u seen in sir's EOD post is day lead indicator on day charts.
DR saab. Bahot bahot dhanyawad.
This was the first song sung by
Swami Vivekananda(in bengali)
when he met Sri Ramakrishna Paramahamsa for the very first time.
http://www.youtube.com/watch?v=d5oOvxcff0g&feature=related
Anyone, is it a bullish flag in making on 5 min chart??
@Bhavan - sensex eyeing for 16671/506/453??? then nifty??? atleast for first 2 targets??? will it come??
"SSAR" - 4981 :) wat is SSAR??? lolz :d
Bye - take care
SSAR- Sujatha's SAR! :D
Thanks SR for alerting
8 days for 4729 to 5160. For bullish case,
38% retracement to 4996 but correction has been
only 1.5 days. Another 1.5-2.5 days atleast.
So a zigzag we completed today might only be A.
B left for runup to 5100+ and then back for C.
If retracement is 50%, then we might see more fall, a
rise up for B to 5075+, then a C to 4944.
For bearish case, 61.8% retracement ( 4893 or 4842 - 78% ) or below
means we could be in bigger Wave 5.
so many levels, so many indicators, so many comments but following jnsar gives me peace !!
sustaining or breaking 5015 again becomes imp in context of Hawala with expiry next week
litmus test by 12-12 30
this time expiry is on tuesday n not on thursday so again so trading sessions left for expiry
typo error six trading sessions left
5115-100=5015
Bears deserve 100 points
:D
bhavan- why tuesday? is sat off?
i meant is thu off?
New Post Done.
@Ilango
A couple of weeks ago, one of your comments, was that
the market is sideways when between day low and high emas..
i.e. buy near lower supports.....today, is an excellent
day to execute that lesson with daily JNSAR as stop loss...
the risk reward ratio is favourable....would u concur???
12.00 PM Closed below DLEMA.
@ ramcharan thurs and fri bank holidays so expiry is on atuesday
Sir,
At what level is the Daily 50 SMA ?
Thanks
wed/ thu are diwali holidays...
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