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...
30 comments:
Namaste Ilango sir and fellow bloggers
LV
Good Morning Master and copy to All
♥ ♥ "Na garaz kisi se na wasta.., mujhe kaam hey apne kaam se....
Tere zikr se , teri fikar se , teri yaad se , tere naam se.....!!! " ♥ ♥
Namaste Ilango sir and all,
Nifty Hour chart :
http://2.bp.blogspot.com/-01kU226U9pU/Tpzu_9OldeI/AAAAAAAAAas/9bFrA80bVB4/s1600/Oct+18+Hour+chart.png
Good Morning and Thank you Master and Seniors for all the inputs and guidance.
Namaste Master Ilango and all good friends and seniors
who are always so very supportive, helpful and cooperative
best of regards
Trading plan -
Aggressive -
Long at 5057 with 5045 SL
Short below 5045 with 5065 SL
Conservative -
Short below 5030 ( DLEma ).
Long after 5110-5120 (DHEma/pivot ) .
Notes -
Week trend is up. Buy and hold.
Day trend is up and "buy and hold".
Month trend is down.
EW analysis -
If we bounce from 5057, are we in a Wave 4 flat ?
@Ilango
My logic for buying this morning would be if it remains
above day high ema (5027) and month low ema (5031)...
keeping JNSAR (5005) as stop loss?????.....YOur views
would be welcome at this stage
MCX allows order GTC
and recently they introduced one can cancel his
pending orders from 09:45 to 9:59 AM before mkt opens
lets take copper
In morning we come to know at what price copper is
expected to open.
Now there is a catch in this :D
Hint : good Opportunity to play BTST/STBT
Hint No.2 : Normally copper and Nifty charts are same.
Experts its time for brain storming session
think think think
and enjoy this opportunity before they revert it
Experts Plz post your views after 11:30 only
Queries will be attended after 12:30 only :D
let the morning ORB settel
good morning all...@ gd high possiblites of W5 in progress
@sudharshan,
Higher level Wave 5 possible ( or Wave 3 :) ). I meant
Wave 4 in my trading plan for short term run from
4729 to 5160.
good morning blogmates,
trading below last friday's low.
S2 is 5045.
pdd
@ gd Alt if W4 is still in progress we might correct up to 4944 50@ ret.. your views pls
Hi All,
Been a while..
Just thought of giving a shout out here because updates on my blog have been important from a timing perspective...medium to long term. Cycles are bottoming and I expect we need to buy before
Oct 29th-Nov 4th timeframe. You know how to get to my blog(click on name and profile and then you can find my blog)
Best,
Lee
@ilango sir,
Hour close below 5074 ( D-5Ema ) is first sign
of weakness ??? Or we need more confirm ???
GM All...
ORB: 5058 - 5042
GM Everybody,
Dear Ilango,
The way JNSR is coming closer to current price by 32 to
35 points a day,Shall JNSR for tomorrow be 5042-43 ?
which is also today's Low at present.
or,
at this moment it is too early to say so ?
@ Mynac,
With the current price, it shows as "5033" for tomorrow.
Good Morning.................
Thanks Dear Ilango,
@ GD,
We spotted the "Profit booking" at yesterday's open itself and the following price pattern was one of corrective only.
During corrections, Nifty could go 10-20 points below DLEma during corrections. That would be the real buying point with a small SL. If the fall is beyond that, that would be "Weakness". Let us also see how much time it takes to trade in 5000 to 5100 zone.
orb broken on downside
pdd
Why I asked the same because,the initial Big Volume trade
today is @ 5051 & "if" in real sense, sellers are powerful
then they will try to press it further down,but probably their
strength shall be tested @ tomorrow's JNSR is
one plane thinking.
@ilango sir,
Thanks. So upto 5055 seems ok. That matches your aggressive
trade buy range also. Will wait and watch.
@Ilango
Do we use today's daily JNSAR with a 20 point filter
(5025) to reverse longs????
seems todays pattern resembles sept 20,21 and 22 fall. if it goes as earlier we might not close over today's open. well JNSAR and today closing day lead indicator will tell us if we need to go short.
missing gauresh inspiring morning quotes
sorry i meant:
seems todays pattern resembles sept 20,21 and 22 pattern. above
Almost 29% open interest addition in Nifty 5000 CE in the first hour itself
Have a profitable & safe trading-day plan ahead.
Thanks and bye everybody..
New Post Done.
Post a Comment