A trending market with higher T/F in confirmed downtrend(week) needs to be treated differently and "lots of patience" is required to make big money.
EOD prices remain same on some days but "intraday rallies" get sold into. As a trader, you make "more money", playing those moves.
We have shown in the past few days-7th May, 8th May, 9th May, 10th May- how to initiate such trades using developing resistances along with fibonacci retracements. And they definitely are not "peanuts". Infact, they improve your "SAR performances" in a significant way.
Aren't we all traders? Rising market in downtrend offers you "Juicy opportunities" and you need to be like the smart farmer who identifies ripe fruits & pluck them. Identify those amazing opportunities to initiate trades and that is called "catching a running train at junctions till the engine is put in reverse direction".
In such downtrends, I still strongly recommend you to "Sell on rises", leaving out the "counter trend rallies" till a reversal signal emerges.
Just as "Dinesh Rishi" prefers to "Only buys in an uptrend", you could adopt "Only sells in downtrends".After all, a trend is a trend...whether "Up or Down" and a trader would do well to know the trend and play along.
5 sma is like the "Indian rope trick in a trending market" that prices keep coming back to it and moves away. It did so on the "GARR day and yesterday" and that is 2 great opportunities. Similar thing happened in BN & many stocks too.This is also called "catching up with averages".
Take advantage of the steady, disciplined contributors: "Mynac"(KST/ OI), "Sanjay Jaiswal(OI)", Cooldent(JNSAR), Shriram(Google 30min TA),J.R.Julius(Camarilla)& DineshRishi(Disciplined TA) and others to be identified once consistency is visible.
EOD prices remain same on some days but "intraday rallies" get sold into. As a trader, you make "more money", playing those moves.
We have shown in the past few days-7th May, 8th May, 9th May, 10th May- how to initiate such trades using developing resistances along with fibonacci retracements. And they definitely are not "peanuts". Infact, they improve your "SAR performances" in a significant way.
Aren't we all traders? Rising market in downtrend offers you "Juicy opportunities" and you need to be like the smart farmer who identifies ripe fruits & pluck them. Identify those amazing opportunities to initiate trades and that is called "catching a running train at junctions till the engine is put in reverse direction".
In such downtrends, I still strongly recommend you to "Sell on rises", leaving out the "counter trend rallies" till a reversal signal emerges.
Just as "Dinesh Rishi" prefers to "Only buys in an uptrend", you could adopt "Only sells in downtrends".After all, a trend is a trend...whether "Up or Down" and a trader would do well to know the trend and play along.
5 sma is like the "Indian rope trick in a trending market" that prices keep coming back to it and moves away. It did so on the "GARR day and yesterday" and that is 2 great opportunities. Similar thing happened in BN & many stocks too.This is also called "catching up with averages".
Take advantage of the steady, disciplined contributors: "Mynac"(KST/ OI), "Sanjay Jaiswal(OI)", Cooldent(JNSAR), Shriram(Google 30min TA),J.R.Julius(Camarilla)& DineshRishi(Disciplined TA) and others to be identified once consistency is visible.
59 comments:
GM all,
EE done
Hello evry body
hey guys, Nothing much to update on market. The view remains the same we are still bearish, expecting market to bottom out on monday or tuesday. Let the pattern complete, then will come up with up date.
I have a series of videos related to elliott from EWI. if you are intrested forword me your mail id
Also softwares like metastock, advanceget, elwave, amibroker. These softwares are still available on net, but if u need mail.
regards
vikram
Illango sir can u explain me how to tak position in buying when nifty breakout d 23%retrectment i m confuse about that.plz how i keep my position in buying
Good Morning Master and all.
Good Morning ALL !
Thank you so much sir
Master ilango and frind s,
Good morning to all
Good morning Master and all dear friends.
Good morning Gurudev and friends
vikram
santej@gmail.com
can u fwd me the videos and also the metastock software link
thanks in advance
Namaste Ilango Guruji,
GOOD MORNING to YOU & to all members of JUST-NIFTY family..
have a GREAT TRADING DAY...
good morning sir and all friends.
Namaste Beloved Master and all friends
May GOD bless all here
have a nice trading day
good morning,seniors..
GM Everybody,
Ohhh..Her God.... Listen Her pray...
Gap down opening on demand of Dear Sujatha...:)
Vikram pls send that mail & links to our google group. thanks
Vikram pls send that mail & links to our google group. thanks
@Sujatha Ma'm: You have joined PT??? God help us.. me saying my prayers ..
@ Ilango Sir - What kind of targets are we looking at in Nifty now that 61% is done? 80% ?
@master
today HA level update
5008.
Pranams Sir,
Good Morning to All.
Good Morning Master and copy to All
http://www.commandersplacelonghorns.com/Sites/69/image/Noche%20calf%20%20yawn.jpg
Good Morning Sir and Warriors ... Finally the Mirage gets brolen ... 4873 4817 awaits ... Gap filling exercise now.. May be slow grinding ... And also little fear future High .. Is it a freak quote .. Still such freak qotes have become real now
Gm sir and all :)
Mynac/Prabhat - Booked out :D :) and wearing lengthy coat for intra as 30 mn. chart indicators & macd histogram may give pullback let me see it may grind here for some more time and move up and will pause the ball to PT
HI GOOD MORNING ALL
@Sujatha Ma'm: Hand severly itching to buy BN @9300 levels
but scared to touch it. What I am seeing is that everyday
BN is falling below yesterday's close which acts as
resistence. I am not sure, but looks like BN is in a severe
downtrend for sure...
Good morning master and all JN friends
Master piece Pre-market view from master.
Wish you all Great Learning and Earning Day.
Good Luck !
I have installed Amibroker 5.5 today. Can someone please
guide me how to set it up for real time feed from google/yahoo?
I have no knowledge on this. I went through marketcalls.in
for this but cuold not understand the required components (why must I have masnhi RT for this)?
Trying this from many days. Kindly help
Recently,Huge positional cash buying was there bet.4975-4990 Zone,means if Nifty shall try to go up from here now then it would be the first big resistance zone..Day S1 to Day pivot (4931-4985) would be my probable range to play "for the day"...Considering highly oversold Hrly.condition. Comparatively initial cash High Volume trades are @ 4943 & 4949..
@ Prabhat
Hourly JNSAR for BN is 9465.
Hope that solves your itch.
Good morning ☺ Ilango Sir and all blog mates
Dear Mynac: How to get hourly chart of Nifty Spot in yahoo charts? Please give me link if possible.
GM to all
Correct Hourly JNSAR to 9485.
Good Morning Master & Friends
Camarilla Key Levels
H4 5015 [BUY]
H3 4990 [SELL]
L3 4941 [BUY]
L4 4917 [SELL]
Market Opened & Scenario 3.
L3 4941 [BUY]
L4 4917 [SELL]
L3 BUY Applicable only if made new Higher Low.
Aggressive trader may take 20 points Risk.
@ Prabhat
on 30 min BN has formed DB
One can long with SL just below 9350 spot + small filter good just for recovery.
I don't trade BN so be careful (:
Gap between 5 & 20 sma for nifty still not showing any
signs of love. Looks like they have fought & are parting ways... :)
Prabhat - mm..I am waiting for "2011 BN future data" from somebody for further calculation still didn't get it once i get it will try to arrive some figures. 4800 PT's figure is right but expecting a bounce then fall i am supporting mynac's views as coincidentally LBB also there
Prabhat
I agree with RainMaker
But SL shoud be strict
@ J R Julius
Sir I dont understand when you say higher low.
Could you please explain what it means.
May be todays IIP data will bring a big move, which can be used for sell on Rise
Dinesh Rishi said...
But SL shoud be strict
Yes, chances are below that it could simply drop.
That's the setup as per my little experience.
Vikram sir send me that software on my id mi email id is tufelasultan@Hotmail.com
Amibroker real time feed setup please ....
Market is playing with mass psycology ... every dip to buy
and the dip gets deeper ... then the sl trigger and then the
panic
Hello Vikram Sir,
Please send me the software or the link to my mail id
madytr@gmail.com
@Mr.Yash and Dhan,
Mostly H3 & L3 levels gives trade idea against
the trend as Camarilla Makers observation Says
65% Reversal possible.
For a safety measure safe trader can avoid
BUYING in falling Market & SELLING in raising Market.
Solutions
#Break of trendline in Lower Time Frame gives us
a chance to identify trend change & clear entry.
or
#Down Market Swings making continuous Lower Highs
& Up Market Swings making continuous Higher Lows.
Once a previous Res/Sup break in chart A new trend
will form Higher Low(up trend confirmation)/Lower
high (down trend confirmation).
(I will try to post picture soon)
or
# Technical Indicators like MACD/Stochastic will
give hope for aggressive entry.
4925 will support nifty or more dips today ??
Illango sirgi yr techniqual table made me easy for intraday trade simple ligic buy above 5dema and sell below 5 dema so its easy but for positional wht should i do? Plz suggest me sir
New Post Done.
Yesterday the last hours there was a high volume trade
at 4966 and 9350 so may be the resistance
Move below 4930 may be a early indication market is traveling towards 4830 and beyond and it may happen either today or Monday. Breach of 4904 may be a confirmation.
TODAY IIP DATA
EXPECTED 1.1% AGST 4.1%PREV
if comes abv 1.1%may see a rally towards 5000
@Mr.Yash and Dhan,
What is Higher Low/Lower High?
A Simple Trend Confirmation Tool.
Click Here!
IIP @-3.5%
@Vikram A G
Could you please mail me the link for Metastock
software ?
My email ID: msg4trb@yahoo.com
Thank You,
ramanna
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