Dear Ilango Sir & Blogmates,OI Update at 12:00 NoonThanks & Regards
@ SANPOT,Why do you need a reply for a "fact"...??Yes. 5090 is 61.8% retrace of 5290 to 4770.
@ prakashbkc,Trade with 20 points SL as much as possible.Minimising "quantum of loss" gives you more opportunities to capture a large move.Wait patiently for the "extreme points" to spot a "reversals" to make some good entries.DR has a "1,2,3 strategy" and it rarely fails. Accordingly, one would have gone long @ 4899 breach on 06th June.Choose few good strategies along with JNSAR or Just JNSAR.Trade less, Make more.
Bulls bahut khush hain.Khushi mana lo, till the polar bears come out to spoil the party.Isnt this artifical 'teji'??? Everything (all triggers) looks gloomy, still market going up... RBI rate cut are always an eye wash and will remain that way.GDP down. Rupee down. Crude up. Inflation up. Government in paralysis mode. Is this stock market rise sustainable???mujhe toh ye bas technical teji lagti hai. But then 'C' wave is also waiting.....
shivanGupta said...sir what indication you would look at to know that iv has finished.June 7, 2012 11:58 AM The current Flat correction from 5043 to 5008 may be part of "iii"rd wave (iv) of iiird.iv th waves normally break the channel bottom connecting ist & iind waves' bottoms.
Thanks Sir. Wanted a confirmation from you.
Maheshwariim idiot i follow jnsar http://i4.ytimg.com/vi/CkmcF9AtQII/hqdefault.jpg
bulls well played.bears inning start now.with the advantage of day trend still down..
Master, What is 1,2,3 strategy? Now I have bought nifty at 4990(NF) as per ur rule now place first time SL of 4968. Now , I have to go through lessons of ur blog for study again. Plz do guiding master. Always indebted to u for this.Bye now master
bhushan ji - if i said anything wrong - pl forgive me. u can consider my post as ramblings of a bear.P.S.: I follow JNSAR too. I was just giving an alternate opinion.
@ ilangoDR has a "1,2,3 strategy" and it rarely fails. Accordingly, one would have gone long @ 4899 breach on 06th June.pl give the 1 2 3 strategy thanks
1-2-3 strategy..(Always google to find)http://www.tradeprofitably.com/The_1-2-3_Breakout_Trading_System.htmlhttp://www.online-stock-trading-guide.com/123-reversal-pattern.html
@ DRSir what is 1,2,3 strategy?LV
On the deck the Rover takes his stand,So dark it is they see no land.Quoth Sir Ralph, ‘It will be lighter soon,For there is the dawn of the rising Moon.’
@ IlangoSir Thank you very muchLV
My best wishes to Sir, DR Sir, Jayaraman Sir, Shriram Sit, Sujatha Ma'am and all the blogmates of Just Nifty!!. I have been trying to learn the teachings on this blog since April expiry. I would like to join you all to become a disciplined learner & trader.
Learn Technical Analysis from an expert @http://www.bankniftytrading.com/
@ shivanGupta ,Another way to draw the channel to look for the channel break is to connect the 1st & 3rd wave top and draw a parallel line from 2nd wave bottom.(More relevant in a fast rising or a fast falling markets.)
Seniors, I request your guidance to make first attempt. I am ready to start with 2lots of mini nifty. As JNSAR is in uptrend, kindly suggest me an entry point. The overbought(Hrly) is making me feel afraid to enter. I read 1-2-3 strategy and think that a shorting opportunity is developing due to lower tops. Please give me a word of guidance.
@ ILLANGOJI, sir how can i know overbought or oversold from tech table.
A flat ending @ 5008, along with 1.00PM candle having open, low being same....a combination bearing instant results, riding the trend.
@Mr.Illango,Thanks for refreshing 1-2-3 idea.@Blogmates,No other strategy is better than 1-2-3 Logic.Also 1 strategy AB-CD. Same as 1-2-3.This is the core of movement of Market.This is the Law of Vibration called byW.D.Gann.1-2-3 combined with Pattern recognition isMastering Work!
THNX SIR FOR UR KIND ATTENTION.... N REPLY MY QUESTN ABT ORB.... N MARKET BEHAVERING...SIR U TOLD H-EMA +20 & LOW EMA -20..WAT IS THE ACTUAL MEANING + 20 OR -20.....
@ Nilesh,Overbought confirmation is when Nifty closes below HEma.Since day trend is strong, the hour signals tend to fail.Let the day reach overbought zone, the hour signals may become reliable.The most reliable would be, prices closing below DHEma with prices below WHEma.Combinations of such kind produces "better risk-reward" to a trader.
@ Illango SirGood Afternoon,In 1-2-3 strategy how min bar we should see??Thanks.
abhishekIt depends what market we are tradingNote: The 123 Reversal Pattern is not limited to intraday trading. It can be used with all types including Scalping, Day Trading Swing Trading or Long Term Investing to help determine good entry points.
Divakar,I am no expert but based on my experience I have found that taking trades at JNSAR triggers and part booking is the safest and surest way to make money in a sustainable manner.At present there is not JNSAR trade... I track Day and Week JNSAR numbers only.Seniors would be able to guide us more.
1.00PM Update done.
@SouravThanks. I am awaiting a long entry point. If you wish, do guide me.
Dear Blog mates , talking about market / trading system i came across this wonderful quote of Brian Hoffman from another beautiful trading blog.. called Nifty NirvanaTrust you all will find the quote enriching..'Trading will often take you to your breaking point and then present the opportunity you were looking for once you have given up.This is the rotation that most traders are trapped in. Hitting all their losers and scratching or passing on most of their would be winners.These occurrences are no coincidence. The market is designed to do this. This is how a live auction comes to a fair price. Everybody is competing at once to find an edge.There are many participants with varying agendas running a countless number of strategies at any given time. The price is rarely going to do what you want it to. If it did, there would be no price efficiency and price would tend to perpetually move in one direction. The market has a single purpose. That purpose is to make sure that nobody has a static edge by repeating the same exact strategy. Otherwise, it would get massively exploited with huge capital.If there was such a loophole that developed, it would be quickly closed. Participants instantaneously catch onto it then the price returns to complete efficiency.This action is not created by any individual or specific group, it is the auction itself and all the participants acting in the entirety that create the movement.This makes even the best hindsight or paper strategy completely ineffective without an experienced speculator driving the decisions. Profitable trading day in and day out comes down a trader being able to use their feel and experiences to quickly adapt to what they see. This is not avoidable. Many will try to convince you otherwise but it is just simply not true.'Brian Hoffman
For Live demonstration of Re-entry strategy:Day trend being up, you wait for a correction in the form of "123" down. We called it "flat correction" meaning the lows & highs of the correction would be close by.Nifty fell from 5043 to 5013(1),rose from 5013 to 5037 &fell again from 5037 to 5008.Once the correction in the form of 123 done(EW calls it "abc")@ 5008, Nifty rising to clear the highs.In a complex correction, this rise would become a "pause" and another "abc" correction could follow.
@IlangoMaster I really admire your knowledge. Especially spotting the flat corrections.
I wish Ilango had just added one more line ' Enter here at this point '.. Just kidding.. What more can master can do!!! He is astonishing..I dont even know how he can share so much with energyBut a student can refuse to learn continuously the way i do..More than my trading ilango is fine tuning me
@ Kranti ,Americans have a way of packaging a simple fact into something complex to "Sell" their wares.People who read these would feel the "futility of following any system" as market would always find a way to fail them which is "grossly wrong".For centuries, a simple system like buy above 5sma/ ema have been working and the market could do "nothing" about it.This is not to belittle the market but to state that "Market is a habitual animal" and its habits will never die till the "participants"(You & me & other millions) change their way to deal with "Fear/ greed/ Hope".I would prefer anyday a simple approach to the market, especially when Technology has taken over and "Big money" is losing billion dollars in the name of "algo trading".I feel "retail traders" have a much better edge if only they have discipline and patience.Blink only when you have to.
Kranti said...What more can master can do!!! He is astonishing..I dont even know how he can share so much with energyEE done or not?
Thanks so much again Ilango.. for putting that theory in perspective.. I would have mis interpreted and lost confidence ..Possibly..Now i am clear .. I am almost getting ready to be good trader with your guidance and perspectives
EE done sir
Dr Sir.. Honestly i am so desperate to learn trading and focussed on all these numbers & EMAs it didnt even strike me to know anything about EE.. Thanks for reminding .. First i have to learn what it is..
@ Dinesh RishiThanks a lot.
Even the 2.00PM candle has Open & Low same @ 5032.90."Listen to the market".
Camarilla Intraday - Trade2 Nifty FuturesH4 5036[BUY]H3 5008[SELL]with 20pts Stoploss.
*H3 Sell need confirmation of trendline Break/Chart Sup/Indicator.
@ Kranti,Aayiram kaigal anaithu ninralum aadhavan maraivadillaiAanaigal ittae yaar thaduthalum alaikadal oyvadillaiEven a 1000 hands can never hide the SUNEven orders from anyone could stop the ever-waving ocean.Have no desperation.Take your time to learn.Just like the ocean,this market's waves would never end.Opportunities will be useful "only to the prepared".
india vix at open was 23.4 but nifty making higher hi vix at 24.33divergence may pull vix up kya???
Master ilango, Thank u with love and regards☺☺
J R ITS FUTRE RATE?TGT
55dema near 5055 may give strong res to nifty upmove
Ohh...Sir,Thanks for your these golden words...."Even a 1000 hands can never hide the SUNEven orders from anyone could stop the ever-waving ocean.Have no desperation.Take your time to learn.Just like the ocean,this market's waves would never end.Opportunities will be useful "only to the prepared".
@masterfrom 5042-5013:afrom 5013-5037:bfrom 5037-5008:ccan we expect vi done and now v of iii started from 5008? if so then what will be likely tgt? same as i? if same as i then please tell how much point was i. thanks very much.
@masterread iv instead of vi. sorry.
Thanks from my heart Ilango
@ gauresh59,Those are the words of "Tamil poet" Kannadasan.The one, no one could ignore.His works on Hindu religion & its relevance is tremendously received by the people.Those rare "souls" who have enriched our life very deeply.
Ilango Sir"Just like the ocean,this market's waves would never end."Thanks for sowing in seeds of patience.I am feeling gratified to receive a prompt reply to email from DR Sir. You guys are really larger than life.
@ anmpatel,Read pre-market.After 5040, it is 5055-62 zone and then 5090.5090 could be for tomorrow.
@masterthank you sir
Hi All,One very good strategy in nifty option.Sell OTM Puts when JNSAR trigger long.Sell OTM Calls when JNSAR trigger short.
@ Divakar ,DR with his rich experience has, indeed, become larger in a way that "Markets move in slow motion" for him and he can choos at will his entries and exits.He is not unduly perturbed by volatility.Hence, you'll find him relaxed to deal with the readers.More exposure to the market should raise your consciousness to understand market's gyrations.
ek khawat yaad aa rahi hai-Sar mudaate hi aulle pade... ha ha ha
Please do not post "Calls" here.
V Senthil KumarPlz dont waste ur energy herewe were long from levels u cant imagin
As per bullish flag on hourly chart, 100 point more in nifty (5150).
Intraday weakness would start only below 5035.
Oh my Master,Great day for me to receive reply from Ilango himself.. (Believe me I am not flattering any body, its genuine admiration).Yes, its very true, Only patience and positional trade on Day JNSAR triggered trade pays you back quietly & surely.. :-)
Mr.kerala nifty,Its futures Contract Price!2 lot or 2 part Approach.Part1 Book@20-30pts based on Market Movement.Part2 Trailing to Breakeven & move TSLbased on new chart SUP/RES or trendline.
only consolation is nifty future high is not breach yet
jr im place it order 5008 below selling
New Post Done.
Sir: looks like 5090 would be kissed today itself!!
@masteraccording to hourly HA charts first candle open low same @5025.05. near your weakness point 5035.
NIFTY near 1st tgt of 5035 made a high og 5033.40 given @ 5005 & 5015