Following the established studies in true spirit itself is rewarding. It is our objectivity to such studies that differentiates success/ failure.
How much importance / weightage we could give to a particular study and at what situations comes with more exposure to various markets.
How could you get more optimistic or excited or even depressed unless you have your own opinions or expectations?. If you simply state, with discrimination, what you observe and deduct your conclusions from such an objective analysis, you'll simply follow and not form opinions.
Your study should lead you to state buy/ buy on dips/ sell/ sell on rises/ wait for more clarity. It requires tremendous poise of mind. When we attain such a poise...calmness, it spreads to all aspects of our life and we become a true yogi.
It is a journey in which I still struggle to shake off my prejudices. Everyday is a progress as long as my sincerity of purpose remains.
Start believing in your strength while being humble & grateful for all the talents & resources GOD has bestowed on you. You'll then walk tall.
(I am reproducing the reply to one of our readers and felt like sharing it)
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
16 comments:
dear ilango sir,
one who becomes successful and cheerful trader in long term will become yogi like you , bcos trading is an art like living life to the fullest extent !! thank you for your guidance !!
MASTER - It requires tremendous poise of mind. When we
attain such a poise...calmness, it spreads to all aspects
of our life and we become a true yogi.-- GOD has
bestowed on you. You'll then walk tall. GREAT SHARING
LOVE TO HEAR MORE
VERY TRUE @ KALYANI
It is indeed 'a reply' to all traders and your followers.
Sincere thanks for sharing.
It is to be read again n again and to be remembered for ever.
"shakeoff my prejudices". That sums it up to describe
me as a trader.
Well said, sir.
Thank you master for enriching my life not only
financially but also emotionally.
Namaste Ilango Sir & Blogmates,
After the Huge upmove of the last week, its time for some correction: Option Analysis for 17-10-2011
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Master Ilango,
Thanks for the update and and it is good to be behind a
KARAMYOGI who is performing GOOD DEEDS and teaching
everybody with his HUMBLENESS and IMMENSE knowldege.
STILL a long way to go behind u.
Regards
☺☺
Sir Ilango Good Evening
Shaking off prejudices, personal bias, ideas, opinions etc. – it is a big struggle. Mostly we (rather I am) conditioned to expect the market to behave in my favour alone. A trading step taken on the basis of study can make me non-opinionated — as you have rightly said. It is a great way to grow. And its effects will spill over all areas in life. Dear Master, your guidance has been more than enlightening. Thanks for all you do for us. regards
Guruji
...............
Speechless
I bow to you
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:introduction_to_tech
Sir,
Now a days indian market is making moves ahead of world markets.The up move also started, and noe the down move. With huge OI added at 5300,5200,5100 nearly 30 lakhs today expecting a gap down and start of a fresh down move.
Ilango,
I could not stay in the morning.
Reason behind my question about mechanical and discrete system.
We struggle at each stage of trading carrier to attain some clarity about tools and systems. We go through many pains mentally and financially before getting rewards. When we settle with some decent trade set-up for example TT and EW as done by you, we are more comfortable. After all the experience, struggle and pain, we should take the help of set-up to it’s maximum potential. It is going to give the same result whether we do 1 lot of nifty or 100 lot of nifty. In the same way, we can spread it into more counters. For eg, if Nifty is 2 times bigger than stocks, commodities are 5 times bigger than Nifty and Forex is 10 times bigger than Nifty in terms of volume and profit maximization. Of course, risk ratio also proportionately same but as a seasoned trader we are aware how to manage risk. My doubt is how far a discrete system can help to expand and trade successfully several counters? Discrete system requires detailed attention to spot good trades and is it possible to do with lot of counters for the long run.
In mechanical trading, for eg, take JNSAR. I think you can trade everything on the world with less pain compared to discrete system and almost with more or less equivalent profit.
Manojag & Piyush,
I wrote “complete knowledge” and I understand you both refer “complete skill”. As a trader who strives to do best, we all spend most of our time to gather knowledge about every tool and system. We all sure gather knowledge about each tool. Selection of appropriate primary and secondary tools for each market scenario is a skill
and it can be developed through experience provided your knowledge base is right.
Dear illango ji,
Am calling Py Degree wave C from 6339 , C.3 from 5944 & C.3.3 from 5740
I guess these r similar to urs,
If yes, then labels for Nifty ji work out thus
C.3.3.3 : 5702-4720
C.3.3.4 :
A: 4720-5168
B: 5168-4729
C: 4729-5160** in play ??
pl check this simple ABC as FLAT Alt lable in ur spare time
rgds
SMO
Sir,
Thanks for sharing!!! :)
Post a Comment