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...
27 comments:
@nanjil
on 19Oct20112.41 PM you have made a significant observation:
generally JNSAR lacks momentum after 4-5 days or 250-300 pips
movement. today there is a difference of about 250 pips
between JNSAR and Nifty spot. your comments please
regards
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Dear Cooldent - thanks for the warning :) - will ask my wife to go see movies with her friends and sponsor the tickets - regards Deepak
Thats good one Cooldent
Parimal,
It was an observation but there is no thumb rule. It can be taken in to consideration for part booking. But you must stay with JNSAR anyway if you need bigger profits.
In every mechanical trading, you get 3-4 very larger move in the year. Practically, most of the traders miss such moves due to frustration caused before such move or due to lack of belief in the system. They stay with all the losing trades by respecting stop loss but in such large trades they do not respect SL and exit early or miss such entry. Am sure at least 50% of the JNSAR followers must be cursing themselves today.
Before making a larger move, there will be always such circumstances which will make you to exit early or miss the entry. It can be anything like europe meet news, RBI meet, election result , past bad experience like “market made high last year at muhurat trading” etc.
You cannot control external world. But you can control internal world i.e your trade by following a system. When you are good in managing internals you will be soon become good and rich overcoming the whatsoever damage done by external world.
quite nice of you Nanjil for a very good post with significant
point. it is quite educative and helpful.
best of regards
☆。★。☆。★
。☆ 。☆。☆
★。＼｜／。★
★。nanjil。★
★。／｜＼。★
。☆。 。☆。
☆。 ★。 ☆
Deepak,
Let us do small math about your strategy. I know you are a matured trader and take this in good sprit.
Put options - you booked loss of Rs. 2700 per lot (last close 108- cmp 54 ).
Nifty futures - trading 135 points above last close – Profit of Rs.6750 as of now.
Net profit – Rs.4050 ( less loss in profit due to booked loss in option). So, 40% profit is sacrificed.
Ok, what will happen if nifty triggers JNSAR for sell in next 1 or 2 days around 5250. Futures will give you no loss or no gain whereas option strategy used is the loss from this specific trade.So, by doing nothing you gain or lose nothing. But by adapting option strategy, you end up paying Rs.2700 extra. Not only option strategy, I know few traders who follow mechanical trading and still try to manage their whipsaw losses by doing some intraday trades.
If people are such an expert to compensate the loss by intraday trades or by hedging, then they don’t need SAR trading at all. But by doing all these intraday trades or swing trades they will sure add more loss.If you are an expert in dealing options that’s fine. But if options are used with no proper knowledge, then it will add the frustration to the trader and it might lead to further errs in decision making.
DR,
:)
JNSAR....
"FIRE said...
Nifty is showing strength only. May well close at the high today. If this is not the 4th, and B instead, then this JNSAR long can be one of the most rewarding trades.
October 24, 2011 11:40 AM " :)
Dear Ilango Sir & Blogmates,
OI Update at 1:00 PM
Thanks & Regards,
Sanjay Kr Jaiswal
Ilango Sir, DR,
any advice?
bought 5100pe at 75 yesterday close.
bought 5500ce at 58 this morning.
Sir says a close above 5410 (quite likely today) will lead
to a larger rally.
How should I maintain these two positions? add something
on ce/pe side?
ilango sir,
TT is showing J10SAR value as 5131 where as the value should be 5148 so please look into it
janak aab hold karo aur lakshmi mantra japo...5500 aagaya tou call book karo ..500 aye tou put..
Janak
Options are WOMD
Rule : First 15 days never buy options
I trade option only on last 2 days before expiry
why you bought 5100PE?
and now why you bought 5500CE?
What was your SL when you entered trade?
Trading without plan/strategy is dangerous for bank account
Trading is a zero sum game and here money goes from the emotional traders to the mechanical traders.
http://3.bp.blogspot.com/-7XFokp96urk/TaWBz9dHoLI/AAAAAAAABAc/rAK7O-92JHk/s1600/IN07_RUPEE_21977f.jpg
@ Janak,
You have taken these positions based on your "gut feeling" and not based on any price patterns or other studies.
Follow the TA and at worst you could "partbook" based on gut feeling but not to take trades in the opposite direction.
5412 is 200sma; add a filter as well as EW projection of a=c @ 5470. This zone of 5415-5470 is the area to be watched for any weakness. We'll know when we reach there or if any close below High Ema for loss of momentum.
Ilango Sir,
Does the awesome market breadth give teh confidence that 200 sma will be taken out?
Dear Ilango Sir, DR,
Thanks for your kind words.
DR - kept a 10 pt sl for 5500ce and 5100pe sl price at 20
Janak both are out of money and your
profit will start only when nifty trade
above or below Strike price and ( + or -) premium paid
during first 15 days there is lots of time value
if nifty rises or fall still return will be very less
@ JCOPER,
Day & Hour TA is @ overbought zone but without any -ve div.
Trendline resistances comes from 5410 onwards and there are few trendlines at work upto 5470.
Monday-Month close would add strength if closes above 5250.
Generally a journey of 700+ points during corrective stage could lead to profit booking.
We'll wait to see how this gap zone also holds while attempting 5415+ close.
Thanks sir,
Nifty open interest if anyone can correct me is highest in 1 yr its at 3cr + nifty novemeber futures
New Post Done.
@Sir;
GA
Monday being month closing if we close above 5423 or that day month JNSAR do we continue with longs ?Also if we close is not above 5423 or month JNSar what would be the first signal to completely book out of the earlier positions ? this assuming that we will be continuing the uptrend on monday also.
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