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...
56 comments:
Master,
Can it be that the 4th is taking form of a Triangle (typical) with C completed @today's low and D going on? Lower highs and lower lows in the hour chart brought this into mind with the behavoiur of indicators too. Please consider if it is possible.
@ venkatapathy
In Morning I said
Dinesh Rishi said...
Sis
GM
above 5077 NF I may be long again
I will be comfortable only above 5077NF
Ilango,
My stance is.
கூட்டவும் வேண்டாம்! கழிக்கவும் வேண்டாம்! (no need to add and no need to subtract) JNSAR
மேலே படுத்தா போதும் (lay with JNSAR.நிலாவுக்கே ராக்கெட் விடலாம்(you can reach moon).
Also, as learnt from you, GENERALLY, the b of any 3 wave move is the most time consuming. This sharp rally making a candle that engulfs the last 3 hours totally, really doesn't look like so. Thats why need your kind words.
@FIRE,
Very interested to know how you came to the triangle.
Can you give some numbers for reference ?
@ Fire,
With only 3 days to settlement, it could unfold like a triangle and its "c" may be still unfolding.
Hour TA hasn't reversed but in OS. 5-Min TA is inching up.
You take your pick of the number and stick to it for reversal...it could vary by few points at best. Numbers are there on the chart too besides TT.
5054+20=5074 - it hasn't crossed yet. Is this math tough..?
OR if I take 5086-34 Hr sma...the diff is just a 12 points.
Try to make some money knowing your style..comfort level.
If you enter with a 5min trade, exit within that T/F unless it affects and changes the Hour TA..and so on.
DKG settlement day is Tuesday.
DR this nazar lagna bimari is very dangerous :)
I have faced it so many times, which is why I
wound up my blog as well as my trade diaries.
@ Fire,
If there is any wave that can not be contained or explained..know it to be "B", the sucker wave. If the majority gets sucked in...it is indeed a "B".
Accordingly the rise from 5011 to 5148 yesterday was "b" and hence I alerted at closing hour about the "Slowness of the move near resistance could result in correction continuing".
@DR
Sir meri nazar sirph aap mein padthi hai. Nahien aapke trade mein.
Learning some tooti pooti Hindi.
Regards
LV
JINSAR sl triggered @5074 so should one one go long here or no trade based on JINSAR today as it is said only one trade based on JINSAR ina day.
@gd,
Nothing much but speculation at this point of time. My knowledge also doesn't run too deep. :)
I am taking the high of 5155 as the end of 3 of A for now. (My personal preference, which has the inborn right to go wrong :P)
I am seeing the lower highs and lower lows. In general, Triangle is the most frequent pattern in the 4th as Flat is mostly seen in the 2. Irregular Flat implies great strength and impatience of the bulls (bears). Now, if that comes in the 4th, that should make 5 extended. With 3 this large, looks improbable. Add to that, 5th gets extended mostly in commodities. And, this sharp rally just now adds to my suspicion.
Now only a lower high (D) and again a low around 5030 (+/- 10-20 points) and then a sharp rally would confirm. So you see, Delhi abhi bhi bahot dur! :P
Just asking Master here. Thats all.
unusual buildup in 4500 put total OI - 62.2 lacs
today added OI - 27.87%
ATP - Rs.1.35
Oops, Master already replied. I should have lkept my mouth shut. Will do from Now on.
Thank you Master.
@Anil addn in current month or next month?
Bloomberg headline: European Stocks Drop as Leaders Split
@Bhavan
current month...
if time pass here for another 10 minutes...watch out
for fast fall..5 min charts...
@Anil thanks
What would that hint at?as atp only 1.35 and current month 3 days left for trading b4 expiry so couldbe that somebody is booking profits on earlier positions?
Tatasteel turning positive so shts be careful if croses 40 then be really watchful
@fire
what do you feel
gaadi delhi ka hai ya kanyakumari ka
@Bhavan
really thats absurd figure..why would anyone buy it..
and also sellers taking such a large position...
Bhavan - One bounce back done :) another frm this pullback?? wat's ur clue?? this time more???
OH Bhavan - we crossed :D got ur clue :)
If Bankwa crosses 9700
this time bears mind it else game is urz
http://bankniftytradingchart.blogspot.com/
@SR I told u in the afternoon start watching 5100 CE u will urself get it as even with such abig fall of more than 100 points in nifty its lowest was 30rs and tisco is now turning towards ahigher run RIL not falling today so there lies the answer
Bankwa crossss 9700.
@ilango sir,
D-JNSAR triggered to go long again ?
JNSAR triggers a long!!!!!!!!!!!!
Read when ur free
Nuksanwala grew a bit worried but did not lose heart and was confident of the scrip touching Rs 500 by August-end. He decided that he would present a Maruti Zen to his wife on her birthday in October,
http://www.bankniftytrading.com/2011/04/fable-of-mr-nuksanwala-and-mr-jhootelal.html
RIL also crossing open val. and nifty nov. also
Bhavan - am long only since lows SL of hawala once part booked out pullback i bought again just want to compare with your's :) thanks. am expecting one "upmove" pending in DOW too :) :P
SR check mail
Two Sis
cooking alone alone, minting quietly quietly
Please clarify is there any of trading JINSAR that only trade has to be taken base on jinsar in a day so today as short JINSAR sl got triggered one should go long only tomorrow if JINSAR remains on long side.
DRji welcome for the feast
DR Saab,
NF above 5077. Are you comfortable? :D :D
ORB breakout!!!!
When Sis Suj mentions Hawala No
it reminds me of Halwa :(
http://thumbs.ifood.tv/files/wheat%20halwa.jpg
Buzz
Shhhhhhhhhhhhhhhhhhhhhh
Please clarify is there any rule of trading JINSAR that only one
trade has to be taken base on jinsar in a day so today as short JINSAR sl got triggered one should go long only tomorrow if JINSAR remains on long side
@ ShivanGupta
Its not JINSAR, its JNSAR buddy.
Nuksanwala and Jhootelal..LOL!
hate jnsar whipsaws
http://farm3.static.flickr.com/2526/3971218827_8c4c39ce27.jpg
@Shivangupta,
Like you I am also new :) However what I assume is that, we should stay with JNSAR. Today JNSAR was triggered on the short side and again on the long side. As of now, its on the long side, so we should also be long... buy NF.
All, please feel free to correct my assumption.
Today'sHema is 5107 - A day between DLEMA and Day HEMA!!!
Shivan - leave the "JIN" that's evening drink for DR-ji :) :)
Bye nifty and all
Shivan Gupta,
jnsar triggered long at 5070 nifty spot
thanks all
The hesitation most of us have while reversing jnsar is not because of lack of knowledge of when to reverse its i think because of human nature of not ready to accept the loss
Cooldent,
Also Jnsar is such a number when it triggers it moves ahead.. also there is no time to think...
Best is the mechanical way...just do it...
Tomorrow Gap UP or Gap DOWN??
@ilango sir,
Contracting triangle with A-B-C-D complete ( might be
a little of D still ) and then a E down much lesser ( 5060-80 )
and then wave 5 ? Thoughts appreciated.
Gap dopn I think, 'cos I'm long :)
Dear Firends and Ilango sir
Inverted H&S break out on closing basis on SBIN hourly chart
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