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...
53 comments:
H-JNSAR turned long at 12pm.
Previous trade was 28 pt loss.
reposting
@prachi,
nice to know that. actually i stumbled across
a rsi afl which was giving same values so
mailed u few days back.
Reposting:
Suja,
If NS closes above 5080 today then - after 14 weeks, (15 july 2011) It would have closed above the Week HEMA. So due importance must be given to it.
Sir, Am I right??
5115/25 shorting zone - sir's pre-market view. We hit 5114.
PS pls check the mail
SR check mail
@prachi
replied
Good Afternoon Master and copy to All
Back to Desk,
@DR,
Welcome back. Hope things back to normal.
Nobel nifty prize should be awarded to ilango sir for his untiring efforts towards making nifty trading a scientific method !
DR sir back. Now everyone start calculating higher targets :)
@EW folks,
Anybody got an idea on this complex correction ?
Some big triangle ???
GD
got back my position 5 points below where I closed it
:D
all is well and she recovered very soon due to
wishes of JN family
Thanks to all
तिहाड़ जेल में अमर सिंह को देख कर, कलमाड़ी, राजा और कोड़ा बहुत हँसे, की हम तो पैसे लेकर अन्दर आयें है, पर यह बेवक़ूफ़ तो देकर अन्दर आया है
हा हा हा :D
हा हा हा हा हा हा :D
हा हा हा :D
A - 5137-5057 = 80
B - 5057-5114 = 67
C - 5114-5034 ???
If so, this makes it a wave 2 more than a wave 4.
5 minute momentum cycles pointing for downside..lets seee hoe pivot reacts at 5090
I am sure no one is follower of Amsingh...other wise...
lol Amar Singh
मारुती works ने पूरा नितिज़म कर के रखा है आपनी दिवाली ख़राब करनेका! maruti come to gurujat
Hr JNSAR hit at 5089 to go short with SL = days high .
more weekness as prices go below HLema= 5075.
this is my understanding of TT table am I in the right
direction Sir/Seniors ?
Also prices below the pivot 5094 ..
reliance result is big trigger for market
its time to be cautious
and
again s&p cut the spain
can not some 1 cut the s&p's .................
dear ilango sir,
I beleive we must have traffic light signal on ur blog
with red ,yellow and green lights.:)
@ smita,
it is only 5 more min's for the hour close. why not wait for the close and then take the entry?? It would give a better entry always!!
1 more thing today again eu leaders r going to meet
expect something from them
ye orbat hai ki
they have been meeting since world war 1st
and aange sab jante hain
@shyam :)they may do what ever they want but
they cannot avert this problem .now maybe one country they are tryibg to fund later 2-3 countries will join.Only the EU has to break at some point of time.:)
below 5070 nifty may go down by 50 points !!
sooner americans and europeans will start looking f
or jobs in chinese and indian companies:)
Thanks Satheesh for the Input . I will keep this important
point in my mind.
"The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods of my life," Steve Jobs.
Have any of you understand what Ilango expressed through the above comment??
Let me explain my own experience. I was a ardent follower of Ilango. In late 2009, pessimism was ruling the markets and Ilango too was bearish. He admitted later, he was carried away by the bearish voices from International blogs. I was heavily short and I didn’t have any of my own plan, numbers etc. My only job was refreshing this blog for the whole day. Simply executed trades based on Ilango’s comments without even understanding full context of on what basis he commented. I just read the words and not the context. Markets turned up and my small account vanished. Who was responsible?. It was me who didn’t even know what is trading? I lost several times by listening others and this was not new to me. Only difference was, I held my account for some longer time here.
Ilango’s this post made me understood many things.
http://tradeinniftyonly.blogspot.com/2009/11/niftys-relief-rally-continues.html
In his words,
“I would prefer to exchange views , present the possibilities but cannot manage micro movements & manage individual's positions..When you initiate a trade, have a plan of "Entry price", "Stop loss", "Target price" and most importantly the "Time" period within which the trade should "Close out" either reaching target or SL. BTW, I used toothpaste instead of shaving cream in the morning and that is a sign that "too much is riding in my mind"..Take care.. “
A person who is in the markets for more than 20 years can be carried away by others and he could also be mentally tired to use shaving cream for brushing. If 20 yrs experienced person face this, then what am I doing here? What will happen to me if I do not grow? Why the hell am waiting for the advice from someone to initiate a trade? Can I do my shopping with my neighbour’s shopping list? I have to decide what and when to buy and when to sell? I can go to expert only when I have my doubt.
Now read Ilango’s steve job quote again and evaluate yourself.
Market will be there forever. But will you? What can you do?. Don’t strain yourself for making 10-15 points or 50-100 points. Stop asking Ilango stupid questions for petty trades. Go and search for your own knowledge. Do you remember Ilango often say “ Dig deeper and not wider”. Make yourself best at least in one concept. Find your system or method or way of trading or something something on your own. If you can’t find anything, try again! Still you can’t find and you desperately need advice from others even to initiate a trade, then stay away from trading. It is not your business!!
If you succeed in finding your own, come here and this man will have pleasure to sharpen you.
Fast rise set up in 5min NF invalidated below 5070-60NF.
@ mynac can you give me the link where you get the volume details. I use volumedigger.com
DR sir,
Friday opposite to tuesday - seems to be working this week!!
@Sateesh in case Mynac is not there this is the link he shared with me few days backhttp://www.nseindia.com/ChartApp/install/charts/mainpageall1.jsp?Segment=OI&CDSymbol=S%26P%20CNX%20NIFTYfor today
Black Monday
Satheesh - thanks noted but RG's wednesday's theory failed yesterday keep in mind that also :D let us wait and see.
bhavan - reply sent. time permits check
PUNCH - Where there is a will, there is a way. Where there is Rajinikanth there is no other way.
Anand - how u know?? u painted already??? :P
@Anand
If u dont mind, plz refrain urself from posting such
irresponsible comments...
@ Sujatha & @Anil
Sorry, by mistake I have posted here. I withdraw my statement.
Here is the 12 most inspirational quotes from Steve Jobs and his 2005 Stanford Commencement Speech.
Click on the link below:-
http://www.funlobby.com/201110112390/steve-jobss-quotes-and-speech-12-images-1-video.html
@SR thanks n replied
How does one trade with this crap market.
It goes below 5094/5090, does nothing,
then rallies above these key levels.
Over and over again. I am beginning to
get fed up.
God only knows what waves those Nasdaq/SPX
and Dow are trading with. Just a week back
it was on the brink of the end of the world.
And now any 0.5% crash in those indices has
become a huge buying opportunity.
Funny how the same Europe's, debt situation,
(now improving) is touted for this rally.
I am pretty certain that after this dead cat
bounce (SPX 1225 (50%) to 1310 (78.6%)) the
Europe's situation will once again be a
damning worry with severe gap down days
for the equity markets.
@Ilango
Time for the karmic effect!!!!!:):):)
Thanks Bhavan!!!
Wave 2 of impulse down from 5114 ?
Lot of negative news in queue.
No positive news that I can think of.
Of course market movers have news before us.
Nifty is just waiting for News.
Until then lot of pain.
@ Anand - no hardfeelings i posted just for fun..lot of people with "blue paint" but they have not declared :D
@Ilango
Your lucid comments have made this blog an enormous
success.......why would you cease commenting after the
time and effort you have put in to create a successful
venture.....as always, measured, in terms of value add
@Sujatha ji,
I was just chatting with one of friend at Canada and
simultaneously I was going through this site and by mistake
"BLACK MONDAY" was posted. Sorry for inconvenience- to all-
when all the thing are going normal.
Regards
may be a new high for the 5100 put writers to cover in and then fall? just a guess.
Bear Trap.
NS at day's high and about to break 1st resistance (5116)
hope an upsurge of 30-50 points in the pipeline
New Post Done.
@Prachi just academically could u see the power of the 5084 app.6,9M vol. buying today eventhough when NS went below 5084 levels app.5079 NF barely touched 5083
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