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...
47 comments:
@Jassi,
The high of the day before 6th was 4780. Now you are screaming at 5000? Fascinating! :D
FYI, a lot of people of this esteemed forum actually bought (as opposed to predicted) at that bottom, who were prepared from two days back. Nobody shouted.Then "Why this kolaveri di?"
@Ram Charan
I am still IMMATURE :)D
You could spot the -ve div in "Hour charts"(Incl. the above one). Prices need to confirm it now.
Seniors,
One doubt, if Nifty dives straight from above HrHEMA (for eg- @ 12) to Below HrLEMA (if prices closes below 4981 @ 1:00pm) , shud one go FULL THROTTLE short ?
rgds
And GD is right, too much maths is not really reqd.
We can restrict our selves to FIRST DEGREE DIFFERENTIAL
i.e wen (dy/dx) changes sign, to determine EXIT PTS!
Also Pls note @ the core, the SYSTEM is based on ILLANGO's ji Hi-Lo EMA concept.
I have only tweaked the Entry trigger & Exit pts :-)
@Ilango Sir....
This is where I fail.. or not able to understand the things..
Sir Can you guide ...How we can confirm that neagative
DIV with help of Price?
@ilango sir,
Hourly neg div has been a killer this runup. Ofcourse
this time it might work.
sir,one can clearly see negative divergence in rt charts but prices are not falling yet.
just making an attempt to answer SAMS questions. Sir pls correct if iam wrong.
How we can confirm that neagative
DIV with help of Price?
Confirmations:
Close below HHema
Close below 5ema
Close below Hlema
Close
Just to add a perspective from EW angle,
If the ZZ lable is correct,
Cmax = 4588+ 1.618 x (4801-4532) = 5023
As long as 5023 is not taken out, possibility of DOWNSIDE is open !!
rgds
Negative Divergence
Prize making higher highs and indicators making lower high
If i am correct ... still a learner
sir,5023 is also weekly r2.
@DOC thanks a lot:)
As long as 5100 is not crossed, the Hidden Divergence/Slingshot in Daily MACD can't be forgotten.
Good afternoon Everybody,
Dear SAM,
I am definitely not the fittest person to comment on this subject, nevertheless just have a look on Hr.f.md
Now EUROPE Indicator can confirm... the -ve DIV :)D
@fire please open this link http://www.vfmdirect.com/forums/show.cgi?topicid=1325463452#1326964346
read my views , you will understand , what i m trying to say
i was the one who become bullish when most of people were trying to
short
only one thing is with me now , along with astro, that now whole world
has become bullish,,,,,
experts: nifty at 5k and max high was 5015 since morning. Lookin at so much OI addition in 5000 PE, can we draw an inference of late bulls tryin to join the bandwagon today? Not predicting here but askin experts like Mynac, DR sir and other OI experts.
धन्यवाद, Mynac भाउ.
close at HHema 4998.05
@RJ Sir
How about a Tequila shot :D or a martini with lemon :D
Hi Ilango sir,
close at HHema confirms -ve divergence?
A bearish divergence forms when a security records a higher high and the MACD Line forms a lower high. The higher high in the security is normal for an uptrend, but the lower high in the MACD shows less upside momentum. Even though upside momentum may be less, upside momentum is still outpacing downside momentum as long as the MACD is positive.
Courtesy stock charts.com
HHEma-HLEma long trade - no change. Still long.
Nifty is doing commercial for Fevicol today.
Dinesh Rishi said...
better follow price like Hutch dog
January 19, 2012 11:49 AM
Very well said sirji
@fire plz follow this link http://www.vfmdirect.com/forums/show.cgi?topicid=1325463452#1326964346
u will kno wen i become bullish
The good thing now that whole world is bullish
jassi98
If a system can be proved to be consistent using its own
logic,then there will be a theorem in the system that is
contradictory.... Godel. Probably, which is why
there is no Holy Grail.
We normally have narrow range in first session after making new high. It narrates there are no brave sellers to short the market. After a small consolidation in first session, new buyers will jump in to pump the markets up. There will be tug of war between buyers and sellers. You will see a shake either to break day high marginally and then travel downwards or vice versa. Pigs fall prey to the false breakouts.
What will happen today? brave sellers or new buyers?
@Nanjil Sir,
Sellers always come hiding in the fog .... please gimeee
some fog here ... bus itni si iccha aj ke liye :D :d
Dear PT,whether market will oblige or not ..dont know, but as the time is passing on and Nifty is not going above 5015 or up to 5035,Bulls must be worried @ this moment but,huge 13 lac fresh addition in Jan 5000 PE is still very much hopeful for them to dream about upper target.
@Jassi,
thanks for the link. I can also see -
Posted by: jassi98 on 17-JAN-2012 (13:57:34) [IP address: 242:97:65:----]
Nifty spot at 4960-65 take a positional short here for next 2 days expecting a big fall frm tom
Posted by: jassi98 on 17-JAN-2012 (14:13:58) [IP address: 242:97:65:----]
tomorrow it might open with small green , but it will b e followed by significant fall,
Posted by: jassi98 on 18-JAN-2012 (13:43:31) [IP address: 240:45:200:----]
@rajivhtc ...correct, needed for the perfection, tomorrow can see big fall actions
Posted by: jassi98 on 19-JAN-2012 (09:12:26) [IP address: 241:193:39:----]
We might open in green but after that it will be followed by a significant fall , so just hold
If I am not totally wrong, that "tom." has passed and the 2nd day is today. And its really impossible for poor TA followers to trade like that. Congrats!
@Mynac
thanks a lot :)
@Experts: Is it worth taking the risk of shorting the mkt with expiry so near & mkt so strong? Ofcourse, this is a high risk high reward ratio, but mkt is not even making more than 50 pts in any fall after 4800.
I am of the opinion that ppl who have already gone long, ride it till exhaustion while others who do not have any positions to just sit out the expiry. I am saying this with my peanut brain.
But there are always the experts who tactfully enter into positions & make the most of it during such times also. I yet have to learn a lot from these individuals.
@San,
Can you please update Bank Nifty Resistance Level chart, Please
Fire is on Fire.
No 2:30 factor these days??
This step-sit-step pattern that is happening in Nifty
is exactly what is happening in S&P. Basically this
encourages longs ( bulls ) and discourages day trading.
Let Tata steel break todays low ... nifty too will
oblige
@fire , I wish u cud hv pasted the entire post of that
thread , the point i was making of my bullishness view from 2nd jan
I m not expecting nifty to cross 5050 before touching 4900 spot
jassi98
@ilango sir,
Such slow and steady waves with only consolidations.
Isnt this how wave 3s are ?
@POWERTRADE: Ameen...
@market lover
Even precheter was expecting sub 100 in the S&P.
Fire is on fire, Nifty is on grinder.
Only price factor, nothing else....
New Post Done.
All EU trading weak.
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