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:
@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.
reposting @ ramcharan thurs and fri bank holidays so expiry is on atuesday
Fri day isn't a holiday, is it? wed/ thu are holidays tho wed will have muhurat trading
Market Segment Date Day Description
FO 26-Oct-2011 Wednesday Diwali (Laxmi Pujan)*
FO 27-Oct-2011 Thursday Diwali (Balipratipada)
yes shreyunik again a mistake wed n thurs are holidays
Dinesh Rishi said...
5115-100=5015
Bears deserve 100 points
:D
5015-150 = 4865 = 4882 last week's low :D bears deserve this also. no probs. only u have to allow :)
Bhavan
No
Wed and thur are holidays :D
lol..sujata ji :P
Sis
if u wanna take my SL I have no objection till 5000
Sir,
Where is Daily 50 SMA ?
thanks
@DR
On wednesday (Oct 26) markets are open for one hour
mahaurat trading in the evening
Daily 50SMA is @ 5005.
Indus
Yes ( I think Time not declared yet)
Last year it was
Dewali Muhurat Trading 2010 (Diwali Amavasya - Laxmi Puja):
Friday, 5th November 2010 - 6:15 PM To 7:00 PM
Hour TA charts-more are posted. Let them show bottoming indications. Till then trade carefully or in the direction of the Hour trend for ST.
@ Indus,
Today's close alone will confirm. Normally 10-20 points below DLEma should atleast provide a bounce and if it does not do so, it is indicating some weakness.
The price of action since Monday opening high is far behaving as in a corrective only.
Buzz, you have raised a simple and basic important doubt on JNSAR and DR has explained it well. My 2 cents.
1st cent - If it closes without triggering today’s JNSAR but for tomorrow it’s a sell means, you have some edge compared to other traders who might have sold today. i.e, your tool JNSAR saved you from selling and you may see the reversal tomorrow. It happened and this is logical explanation is based on the back test.
2nd cent – About several doubts on whipsaws – Concept is simple. When JNSAR makes quite a few whipsaws means price is trading at the place where buyers and sellers lack direction. When there is a equal balance, it hovers around JNSAR. Normally many traders fail at this stage and end up carrying a wrong trade. Weak hands are tested and kept away from the business at this stage. But JNSAR is a tool which keeps you in the right direction. If there are more whipsaws, that is kind of indication that swift movement is around the corner and you have to pull up your socks to run. So, stay with JNSAR and it will reward you more than the loss occurred during sideways movement.
@ilango....thank you...i concur on the corrective nature
of this move
Dear Nanjil,
Thank you so much for the detailed explanation.
http://www.bseindia.com/cirbrief/new_notice_detail.asp?noticeid={8427C189-3862-4EF9-BBCA-3B26574D0A75}¬iceno=20111014-5&dt=10/14/2011&icount=5&totcount=28&flag=0
Refer this link for Mahurat Trading session.
PUNTER'S CALL
The Nifty has closed in the negative today and is further expected to continue the retracement till 4975. A key support in the immediate run is around 5080 and resistance will be faced at 5160...
Banghead : it may take my SL
http://www.sharekhan.com/CMT/Upload/NewsLetter/Report/EagleEye-Oct18_11(e).pdf
@DR,
Once a bull, always a bull.
European Mkts Open 2% Down.
5015 - W-5Ema and 13-EMA
GD
Yesterday I saw DOW tanking
sold copper and booked in Morning.
sometime I short also but very rare
Elephant have two sets of teeth :D
http://i.telegraph.co.uk/multimedia/archive/01506/elephant_1506575i.jpg
A minor +ve div is visible for intraday bounce.
4995 is the 38.2% retracement for the rise from 4728 -5160. It coincides with 26Dema and 200Hr MA.
Indicators:
hR 34d - 51.5
14 RSI - 39.8
9RSI - 24
SMACD moving towards zero!!
If 4995 is supported then an intraday rally is possible.
20DMA is at 4973.
dinesh sir one quetation hs entirely changed my trading style ONLY PRICE BHUJAAYE PYAS BAKI SAB BAKWAAS.thx dr
When market rallied towards 5160 till yesterday when
rally started no body believed it will go up..
and everybody was looking for shorting. And now when
market is going down everybody is thinking that now it will go up
... now ... now... every point.
Hungry Kya
todays spl
http://www.nandyala.org/mahanandi/images/bajji/mirapakaayabajji5.jpg
its only this qutation which lead me to found itm call and nifty future price divergence.
the magic is not in number.
the magic is in discipline.
always stay in market.long or short.
sl 20,partial profit booking 50 points.
the number should be a moving number.sar,10sma/ema,20,30,etc.
multiple lots(min 2) is a must
SAM, that is exactly what I am feeling!
@ Sam,
The reason being traders believing in "Trend is your friend" at wrong time.
That is the reason we keep repeating on the total package of Applied Technical Analysis
DR sir its this over here :)
http://4.bp.blogspot.com/_XyfA95YLbjE/SiQakfEM9gI/AAAAAAAAAzw/IBLZIRx4HSE/s400/sev_tameta_shaak.jpg
Ilango sir..heading to office and dont have chrome installed there.
just a reminder sir for day lead indicator chart at 3:15 Pm. Thanks in advance sir.
SAM
'Trading is against human nature,' says Rakesh Jhunjhunwala, while talking about his investment approach in the stock markets. He says:
http://www.bankniftytrading.com/2011/04/rakesh-jhunjhunwala.html
@Ilango
Would it be prudent to apply tomorrow's JNSAR after
2.30 pm???
I agree with you sir, I felt yesterday only of
reversing the trend.... but not dared to revert to
short but today as my SAR(I follow JNSAR also but this
mySAR is on my 5 min chart) was 5081 today... in the
opening I immediately reversed my position
(which was long from 4905) and now booked part profit
also.
I don't want to repeat mistakes that I made in the past.
@DR,
You trade US markets ?
Hitendra said...
Anil,
someone has told in morning,
today is the 8th day of upmove from low of 4728..
8th is again fobo no.
if so, we may fall till friday with possible
50?% tgt of 4944.
pdd
October 17, 2011 1:51 PM
@Hitendra
good observation yesterday...
While trading, it pays to wait for setup, which you
mastered...and that came only through patience...
most lovely setup sir gave is a fast rise and fall setup...if once mastered that its a great tool for initiating or pyramiding your positions...
DR Sir, many times emotions concur our decisions.
@ Indus,
Try to find the answer to that and let everyone know of it here.
@SAM
please tech me how to put SAR- mySAR or JNSAR on a system
thanks in advance
GD
only Nifty, BN and copper
Now closing my laptop all remaining power is emptying ...
laptop is warning me... and less possibility of
power coming as Tuesday is No power day here by
Maha State Ele. Dist Co.
Bye all.
a = 5160-5085
b = 5085-5125
c = 5125-5010 ( approx 1.62*A )
Wave A complete. B wave to 5085-5100 ????
@ Parimal as far as my sar is concerned...(it is not
Gauresh sir's sar... )it is developed by me for my use
and I have formulated it in a afl(5 min chart). So it
is on my Amibroker always but as far as JNSAR is
concerned I just put horizontal line on chart at the
day's JNSAR.
Cooldent
its Gujarati version of Noodles & soup
Lolzzzzzzzzz
thnaks SAM it means i should also do it manually
GD,
For DR
Nifty is grand father/dinner
BN is father/lunch &
Copper/breakfast is son.
Bounce is on
but power illa
@DR
Gathering energy for the power thrust!!!!:):)
DR Sir,
shorting opportunity?
pdd
ondhu nimisha wait maadee
@ 2 pm.
nifty is above high of 12 & 1 pm.
pdd
New Post Done.
Dear illango ji,
If this move 5160-5011 is accepted as the first wave of impulse C.3.5,
We seem to have finished 5 wave A @ sub minuette degree (5011-5036) = 25 pts
now B DOWN , MIN 38.2% to MAX 80% x 25 pts (assuming move is a ZZ)
Then we may have a C up
4998 shud hold the slide (the Lower TL on Weekly chart
of nifty ji) pass thru this zone
rgds
Shriram
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