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...
60 comments:
HH-HL trade update -
Nothing changed from long trade initiated at 4865.
Developing DHEma and HLEma at 5018. So any short
possibility below that. Friday DHEma at 4995. Good
short below that.
Good morning Illango ji & everyone,
have a gr8 trading day :-)
rgds
We hv seen 4979 today in pre-open , hold on with shorts , said target will come very soon http://www.moneycontrol.com/nifty/nse/nifty-live-(to chk pre open price)
jassi98
@gd
why friday d hema. today's is 5016. ilango sir always uses developing h and l ema and close ema.
sorry typo previous close ema
Good Morning...
Good Morning Sir and Warriors
Tata Steel exhibiting weakness today again
Good Morning Sir and all JN family
went to a very old store in the weekend came across a
picture, which i am sure most of us must be familiar
just made a few changes hope you all like it.
http://img254.imageshack.us/img254/8206/isoldoncreditgblur21024.jpg
Gm Sir and all gems of JN
I use volatality stop loss for the trade for the 15 min.
it comes at 5015
but i will filters to initiate the trade.
i use it for the day trading only
Namaste Ilango sir and all,
HOUR CHART
Click Here
DAY CHART
Click Here
Dear all,
Wish to share some obsvs wid u regd 5-10DEMA & 20DSMA
1. Wen 5-10DEMA x-over happens close to 20DSMA (within 1-2 days of takin out 20DSMA), the Trend is generally established UNIDIRECTIONALLY
2. Wen 5-10DEMA x-over happens afar from 20DSMA, We should trail the position till 5DEMA changes direction
3. Wen 5DLEMA x-overs above 9EMA , it is ESTABLISHED that we are in a HIGHER DEGREE IMPULSE
4. Wen 5DLEMA x-overs above 9EMA, one need NOT book profits on change of sign of 5EMA . Instead one sud trail wid SL @ 5DLEMA-10 pts..
Need to use x-over smartly & aptly for that particular market condition.
For eg- as on today, 5DLEMA has gone UP over the 9DEMA & that suggests,
the move has become HIGHLY PARABOLIC & nearing COMPLETION
Take a look pls
rgds
SMO
Those who are fishing and giving irresponsible loose calls or wild targets, please mind that people from all walks of life are earning from here
"treating the trading and investing as an income source after retirement ."
****************
Feed the cow
***************
Namaste Ilango Sir And All.
@ps,
I said Friday DHEma as more conservative short level.
Like J10.SAR !!!
bank nifty and midcap index have broken abv
fridays high
nifty may follow soon
Rather than convincing one, rally looks precarious now. Let us see how much & how long, tired Bulls shall carry on this show..
keep the nerves good trade is ahead!
Good Morning Master and copy to All
Jayant Singh
Very nice pic !!!!!!!!!!!!!!!!
bank nifty pausing and in 5min charts SS is dropping
tomake space for another upmove abv prev highs
Dear back benchers !!!:
I am also back bench-er. If any weakness is there, Master will intimate us. So don't confuse until then. Still nifty is trading above 5Ema and dev.Ema. Don't loose your hardened money. We are positional traders !!. If any intra opportunity,Master will intimate us.
@gd
suppose the rally stops today and few days consolidation is there then that wud be not a very good decision. when u r using hourly averages they are shorter , they catch reversal faster but give more whipsaws. making it slower, i feel, changes the character of the system.
5 knocks have been made at 5950 in IT index from below
but could not sustain abv it
cmp5938
can this be the final punch
GM sir and JNFAMILY friends
Gold and silver blog updated
Thank you Dineshji.
5042 is 55mema in 5 min charts
In such a stretched condition, 8.70lac O.I. addition in Jan 5000 PE, does not look promising. So only my Pendulum favors the other side, at least for a day in next Hr.or two. But would like to be defeated by market. Let us see till then bye everybody..
Good Morning everybody!
Positive divergence in VIX, trading 2.60 % up at 22.55. Above 23 it will be a breakout so one should be cautious with longs if this goes up.
@ps - very valid point. That is why I have the
filter ( 15 pts ). And using Day levels after big
trades. One just cannot avoid whipsaws. Good money
management and SLs are the only solutions. There is no
perfect system. Some EW can help knowing we are
coming to a w4/w2/B and so expect triangles. All
easier said than done.
Market would be weak below 5020.
And market would be weak closer to 5100.(Channel res)
EOD TA still is in uptrend.
Weakness is seen in some Hour TA with -ve div without prices confirming.
@ PS,
Slower the System, more sure the DIRECTION , lower the whipsaws, but also lesser are the profits .. there is always a trade off :-)
check it out once
rgds
BN 9580/71/51 is utter weakness for short term??? abv 9639 - 9712 calling???
HOUR CHART UPDATE
Click Here
Nifty guess close poll for today - ( Just for fun ) -
CLICK HERE
@shriram
u r right. but gd has chosen a faster system which is fast. it will catch reversal fast the downside is it will give more whipsaw. but he is slowing the system to a very great extent by using previous day high ema.i feel this is changing the charecter of the designed system
What do folks here think of a safer simpler system ?
Go long when hourly close above HHEma and DLEma. SL - HLEma
Go short when hourly close below HLEma and DHEma. SL - HHEma
Dear Piyush!
I fully agree you.
@shriram,
u r right but gd has chosen a fast system . using previous day hema will slow it .
@ps - Based on the risk a trader is willing to take,
they can choose the vanilla HH-HL system - more risk and more reward. Or combine with day values and choose this system. Or combine with EW and come up with a
more complex system. We havent even started talking money
management yet. How about in the HH-HL system, start with
minimal lot ( 1 ) and as trade starts going in ur favor,
add more lots ? So there are many variations, i assume.
yep PS...
Btw, have u noticed something... the nature of waves & our short term brain reaction is such that,
we CONFUSE LOWER DGEREE CORRECTIVE WAVES say 2.B to be a HIGHER DEGREE IMPULSE W3 many times & make losses!
The inter-play of the waves on various T/Fs needs to be studied threadbare before developing a SAR system :-)
@ GD,
Tats a gr8 idea!
How bout this one :
1. Short small qty once Price Close is below HrLEMA. SL as u emntion is HrHEMA
2. Add SHORTS, once EOD close is BELOW DLEMA ??
3. Quadraple the Shorts, once 5-10DEMA x-over is seen in direction of trade!
Pays to be greedy some times :-D
cheers
SMO
@ golfdude
Use hour ADX as a filter for the trade no whipsaws
5d stoichastic.keep faith on higher time trend.
NIFTY SPOT intraday Targets: 5025.77 - 5008.06 - 4990.38 - 4972.73
jassi98
Jassi Bro
Plz spare us
shriram
i feel designing sar is difficult thing. combining
with ew is more difficult. its very difficult, atleast for me to trade profitably using ew as main tool.
@DRSIR
spare me, spare me, missing PM?
But this is good one spare us
DR ji: JASSI JAISI(A) Koi nahi :P:P
Trying to maintain day pivot.
Absolutely PS,
EW for normal ppl is best used to know probable DIRECTION @ HIGHER DEGREE only (i am somewhat comfy wid labling on basis of Weekly Candle T/f)
For practical ENTRY & EXIT ... stick to close below above 5Hi-lo EMAs as GD says & get a Confo from the 5-10xover maybe
today is the birthday of great freedom fighter netaji subash chandra bose. my salutations.
@Piyush - My salutations too . bowing to his honesty,patriotism etc., etc., proud to be an "indian"
piyush sharda
thanks for reminding
My father was also Freedom Fighter
he had server under his command
every year he use to buy Calender with
Netaji Subash Chandra Bose pic
http://www.youtube.com/watch?v=qoDtv6_xd0I&feature=related
Dear piyush,Thanks for reminding the birthday of great hro netaji subhashji,i salute to hm
@dinesh bhai,
no thanks :-)
Salutations to the great Nethaji!!
@ Jayant singh
Excellent Picture THANKS !
@Sujatha,
I could check only 2011 data for LIC. 260-62 looks quite strong a resistance zone. Until it is not breached conclusively, the probability of going to 217-18/204 or even lower remains.
Hi sujatha :)
New Post Done.
in europe
Weekly next new blockbuster is going to be screened,
posters are getting ready,
'failed greece debt talks'
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