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...
34 comments:
@ilango sir,
Seems to be a flat forming ?
5165
and
later
5230
Market waiting for news......
Market waiting for news...
Market waiting for news.
Market movers get news before us......
Market movers get news before us...
Market movers get news before us.
News reflects in prices......
News reflects in prices...
News reflects in prices.
Price move is reflected in JNSAR......
Price move is reflected in JNSAR...
Price move is reflected in JNSAR.
Moral: Follow JNSAR or ur selected single tool......
Moral: Follow JNSAR or ur selected single tool...
Moral: Follow JNSAR or ur selected signle tool.
Repetition required for MIND PROGRAMMING!!!
Dear all friends, particularly those who are new
i have come across a newly relaunched software
(just one week ago) it is IQBroker. i am yet to explore its
features fully. most importantly it provides algorithmic
trading
regards
15L 5100PE added. Appears 5100 is protected from
further down swing ???
inv H&S in 5min NF - will be negated below 5080-70 NF
inverted H & S in 5min NF
"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.
nanjil - "I used toothpaste instead of shaving cream in the morning and that is a sign that "too much is riding in my mind".." how u digged it if i am not wrong it's very long back story - means once he posted in premarket view am i right??
PS : Satheesh - Now i am waiting for EOD closing இ.தி.கு. மாதிரி உட்கார்ந்திருக்கேன்
Sujatha,
one of my comment is gone to spam. I have given the link
of that post.
Bears 4 got that I was back and JNSAR was up
and they 4got about Hospital bill also :D
DR never leave ur seat when JNSAR is up and never come nearbit when it is down
for the cause of JAN SEWA
Dow, Europe and Asian market watchers,
Are we following any of the above markets?
Moral : Don’t waste your time in looking at other’s plate.
Thanks Ilango
DR sir, I did remind them :)
JNSAR gave me free lunch & dinner in fivestar with some fairy ride
Well said DR Sir.
Kadam Kadam Badaye Ja...5270 (100 SMA)
Program ur mind - Change ur genetic
software - Change ur karma now!!! :)
Bullish Engulfing on Daily.
Reliance results tomorrow.
This time note for both bulls and bears :)
If NS closes today at its high, then a MARUBOZU candle pattern will be formed.
white marubozu
The white marubozu candle is recognized by its long white body with no shadows on either end. Being an extremely strong bullish candlestick pattern, the day opens and prices continue to go up all day thus forming a long white day with no lower shadow.
Source: http://www.candlestickforextrading.com/candlestick-marubozu-pattern-complete-information.html
The white marubozu pattern simply means that the opening price is equal to the low price of the day. Plus the closing price is equal to the high price of the day. This means that the buyers were controlling the price action from the first trade to the last trade The trend depends a lot on the general picture. A white marubozu may possibly make the first part of a bullish continuation pattern but it may also act as a bearish reversal candlestick pattern.
Marubozu is normally circuit candle
The white marubozu pattern simply means that
the opening price is equal to the low price of the day.
Plus the closing price is equal to
the high price of the day.
The marubozu candle is formed in weekly TF. i.e this week's candle.
Open of the week -4888
Low of the week 4887
Yes DR sir, that is what i meant. If today's close is at the high then this week's candle is a white marubozu.
If Wave 2 was the run from 5137-5057 ( a zigzag ),
then we are on the cusp of a mega bull run.
Any thoughts ?
@DR.
marubozu ? i know only mharo bhauzi...:))
Hope mharo bhauzi is fine.
Drakula Lolzzzzzzz
Can any body update the current oi in Nifty ?Without more than 30 million oi this upmove is unsustainable I think.
Lol Mharo Bhauzi :)
animoitra no issues...If upmove does not sustain JNSAR
or whichever tool u follow will give a signal..Simbly
reverse gear at that time...:)
Captain,
Could the move from 5136 since 13th Oct be 3 of 'a' 3 of 'b' at todays high followed by 'c' of 5 waves down?
nifty oi 22493000
Thank you all.
Have a good week end
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