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...
39 comments:
Reposting
-ve Div on 5 min chart. Sir pls confirm.
DR saab,
This one is for you.
http://www.youtube.com/watch?v=Zf6oTs0MW1M
Master ,, one imp query ,, In sharekhan from yesturday they adjusted 1 hr graph timming from 9:15 to 10:15 ,, & procced with same. Earlier they have ended each hr at 10 ,, 11 , 12 & so on ,, so guide becoz this will make confusion to take data & decision ,, reply is imp for me
@Sandeep
i use sharekhan, my hourly charts showing, 10:00 , 11:00 as closing hours..
@Anil
they just launched new version. 2.1.0.0 .
You might be using old version 2.0
@ Sandeep,
My hourly charts also showing 10 , 11 , as closing hours
@Sandeep
yeah i am using old version. it consume less RAM, newer one just not that fast...its my experience...yours may b different...
@Giresh
mine is 1.0.4.9
Dear Ilango Sir,
One of the problems in following trends or levels is that on breakouts/breakdowns its too late to enter a trade, at times its better to take a contrarian call when it goes up sell when it goes down buy, is that proper in this setllement?
and lastly sir what are your expectations in this expiry?
Good Morning Master and copy to All
@ Sandeep,
It might alter the hour TA for a day or two but the new sequence in uniformity will have its own technical relevance.
Out TT table would differ from your software. You have to choose the one you are comfortable with. Uniformity of time gap is all that matters.
@ JCOPER,
Settlement range is 4728-5160 and its trading closer to the highs just 2 days prior to the settlement which means it will end higher & may even make new highs.(Provided 5000-20 is held during corrections)
Trading levels and styles change as per market type. Since the 5160 highs, Nifty is trading in a triangle and trading such a range, one needs to initiate trades closer to the extreme points with a small S&R just above the bordering lines.
If it is not comfortable, simply do not trade those ranges.
Alternatively, you can adopt "Dinesh Rishi's style" which is trade only longs during uptrend and part booking and fully booking out at "Exhaustion" or last part of the position is allowed to be stopped out. He also buys during sharp drops/ corrections during uptrend and not wait for break-outs. Oh!..yes. he also "Sells occasionally" - Years of exposure lets you in with market strength/ weaknesses.
His discrimination & Patience are worthy of emulating.
Options expiry in US, rest assured it will be make or break for the dow tonight
Dont rely on BN below it today's Low :D
Thanks sir your reply is really valuable advice to me, appreciate it
@ilango sir,
You mentioned "Trade only longs during uptrend".
Which TF is the reference ? I assume depends on your
trading comfort.
@DR, whats teh reason for such fall in copper, u have nailed it perfectly
Good Morning....................
DR - today 127/145 calling @ nifty??? satheesh switched on the grinder and went off :Pfuture expecting atleast 150-57 but y u r posting BN's sad news ?? :(
Namaste Ilango sir and all,
NS trading around Day Hema for the past 50 min form 10.am onwards - Is it to move up or down??? - Highest volume tick is in 5083 and next high volume at 5109.
With 3000 pt buying fgrs by FII's in options yetsreday nifty will be +/- 2% today thatas for sure
GM sujatha,
Think of the devil and it will appear befor you. See the timing when both of us have posted!!!
This is as per Astro Technical views
Oct 20th/21st -(Recovery on 20th but II Half of 21st Weak - Signal Strength Medium**)
Thank you Master!
Thanks Master
I express my Gratitude
http://www.youtube.com/watch?v=5QM8ohMGneY&feature=related
RISING WEDGE IN 5 MIN NF WITH -VE DIV.
Astro-Turning Dates (+/- 1 Day)*
Oct 17th/18th -(Early weakness but recovery later) - Signal Strength Medium**)
Oct 19th - (Downward U-Turn from Higher Levels +/- few hours - Signal Strength Medium**)
Oct 20th/21st -(Recovery on 20th but II Half of 21st Weak - Signal Strength Medium**)
@DR,
Do you look at copper in US markets or Indian market ?
Maybe it doesnt matter. I have no knowledge of commodities.
Is this considered a leading indicator ?
GD
Is this considered a leading indicator ?
Yesterday I told never correlate
and Mr.Naanji also posted a big article on same.
Yesterday I closed short and went long
which again in morning booked and holding part :D
"Do you look at copper in US markets or Indian market ?
I track what I trade
Let me make it clear difference between TA and FA
Technical analysis and fundamental analysis are the two main schools of thought in the financial markets. Technical analysis looks at the price movement of a security and uses this data to predict its future price movements. Fundamental analysis, on the other hand, looks at economic factors, known as fundamentals.
I am TA and charts reflect all news or rumors.
I am not trading companies like Tata Motors or ONGC. Nor am I trading gold or copper or the Euro. I am trading people's perceptions of those companies, commodities and currencies. People are the same in any market throughout the world. They are driven by fear and greed.
SAID BY MY TEACHER
Diamond of Nifty: CLICK HERE
Pattern will look good if price stays below the day High.
Breaking day high or the resistance line in this hour may reduce the validity of the pattern. Correction towards the support line will give a perfect shape for the diamond pattern.
@DR,
Thx. I am only TA. Never did FA.
@San,
whats the price implications of this pattern
New Post Done.
san u r just amazing. salute to u
San,
Diamond pattern is a unique chart from you and quite valid at this stage.
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