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...
49 comments:
@GP ji
Under Rules - "BULLS GET STRENGTH NEAR"
I think it should be BULLS GET WEAK NEAR
@DR ji
Hi, above rule not for you as you are a "charged up" bull always.
Cheers - http://genecigs.com.au/wp-content/uploads/products_img/redbull-e-liquid.jpg
Dear nifty india,plz stop posting ur trade,target,stop loss here...we are here to learn n apply...
Buy Nifty Sep 5500 ce @ 41..sl...30..tgt.....75/100/more
@ Nilesh Deshpande
Nice File Sir,,
One has to use this in the direction of JNSAR / Trend
In that file while giving bear's Target bellow
PC(-)ATR *80 For Target of DL(-)1.5*ATR intead of
PC(-)ATR *80 For Target of DH(-)1.5*ATR .. correct me if i am wrong
Reason for going long...OS on HOUR...5310/5294 support....
Hourly Ichimoku cloud turned bearish yesterday.
NF has 20SMA just below the current price.
RIL has also turned bearish today.
NF (day chart) at BB middle band. below BB middle band, NF will break down the channel also.
I remember a lot of us[new friends] were very excited when they came to know about JNSAR and had a very clear understanding on how to execute the trade. They were excited to come to take up a trade -on the long side then.
What is interesting would be, that how many of our friends took up the short trade at the break of 5380 yesterday. I am sure that after about 200 odd points of fall/rally in the direction of JNSAR, there are a lot of people who are excited, while when Nifty is so close to JNSAR there is no excitment. :)
Good Luck team!
@sandeep bhoite
it is DH(-)1.5*ATR as the basis is that the Bears will stretch the ATR in their favour, and the starting point of that stretch is the DH which the Bulls have already established
Morning everyone,
5DEMA is down,
5287/5317/5320 is the support zone (for @least a 1 time bounce), can be a hi probability contra buy zone (intra only)
Lower levels 5241 etc, will open up if this move turns impulsive...
wow...!!! now in comming Days we will hv another supporting indicator along with JNSAR... Am Loving it :) Good luck...!!! :)
Hello All ,
Overall View For 28th Aug 2012 :-
https://picasaweb.google.com/lh/photo/cgXqGljHHIfgydqrwXwzikACM9AGid8I4Y7IXVH9oh0?feat=directlink
Happy disciplined trading to all.
Have a nice day!
sir ilango ji good morning
"5325" is another 80%(5294 to 5449 rise)
And also the 20 Day Sma.
More weakness would be below 5325 only.
Dear Nilesh Deshpande Sir
kindly do the necessary amendment in the ATR file and please represent the final one and oblige.
thanks and kind regards
@NIFTYINDIA---Sanjay Jaiswal's Option Analysis and Call for today, Buy Nifty CE SP 5400 above 19 for tgts of 30&46. Stop loss 15. Presently trading at 7.45(-45%).
Dear Friends
on daily chart NF is at 21sma at the moment
thanks
@NIFTYINDIA PE call Buy 5400 SP PE above 49 for tgts of 58,68. Presently trading at
60.05(+23%). By Sanjay Jaiswal.
Nifty spot.....Close below 5340 will take it to close to 5250....
What Ilango sir mean right now is that one shall go long with stop loss at 5325.
Sir part bookign should be done at 5330 am i correct? as it is giving 50 points from the short sell yesterday and near to ur support of 5325
@ SANPOT...i couldn't get you
@NIFTYINDIA......As per the pre market view by Ilango Sir the 1st support is 5332 which Nifty is holding presently. Below 5330 cluster of supports between 5294 to 5310.
Ilango ji,
Slightly wonky doubt : may be this is a developing 5fifer A wave of a ZZ ??? :-)
Happy Onam!!
http://blogsofraghs.files.wordpress.com/2007/08/best-wishes-of-onam.jpg
@Sanpot
Only the 5400PE is active, the 5400CE did not activate at all as the high was just 13.30 so how can you say about loss in CE...
Thanks & Regards
@ SANPOT....about options what you said that is I am saying
good morning sir and all friends.
@ SANPOT....about options what you said that is I am saying
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, VAL : 5367, Pivot : 5376, S1 : 5345 and VWAP : 5349
5400CE Writers making sure that the Expiry will be below 5400, and the 5300PE Writers are not perturbed at all...
Thanks & Regards
Trendline joining 6336 and 5630 ..is providing support.
@All
Requested not to post my Calls here.
Thanks & Regards
Ilango ji,
sorry to brief in prev msg..
these r the lables for A
A.1 5448 5394 -54
A.2 5394 5421 27 -50%
A.3.1 5421 5374 -47
A.3.2 5374 5399 25 -53%
A.3.3 5399 5332 -67 143%
A.3.4 5332 5347 15 -22% ** in play
Does this describe it well enough ?
Sanjay Jaiswal sir, I posted it to NIFTYINDIA who gave a call to buy 5500CE.I reminded him of Option Call given by you indicating your accuracy. There is no loss in CE, it is trading lower than yesterday's price.
Infact I always follow your calls and presently bought PE5400.
I have high regards for you, pl don't misunderstand.
Thanks and Regards.
bearish WW developing in BN charts
trgt 10080 near 12 noon
as per option data, 5300 is a strong support this series.
Good Morning........................
@ shriram ,
It is either a correction is complete @ 5332 or lower upto 5325
OR
Waves start to sub-divide if the retracement for the last fall from 5399 to 5332(or lower) is contained @ 5366-73.
Hour weakness spread to Day and is yet to damage the week TA.
MHEma-5379 & current week closing are crucial.
Your labeling is also playing out presently if kept below 5373(61.8%)
AS per option table PE 5300 and CE 5400 writers both will enjoy expiry till now. It also indicating nifty will be inside 5300 to 5400 range but nifty below 5370-75 breakdown and support comes at 5295-5310. so
Let see what happened next 3 days.
mmm... right sir, tks for laying forth the options
U looking @ this move as a corrective to 5033-5448 for now ?
@Master,
Can we start go long as per your last comment "It is either a correction is complete @ 5332 or lower upto 5325"
Or wait for some clue.
Please clearifty
Nifty spot....intra...reacted @ 76%
@ Prithvi,
There are changes "underway" in the larger T/F but yet to be confirmed.
Any counter trend trades, especially when Nifty has been below DLEma, has to be undertaken with extreme caution and for intraday only & for a short duration.
Primary approach as per such a TT is to sell on rises as that is the predominant trend for ST traders.
Market is forming a Terminal impulse. The count is as follows:
Wave 1 = 4770 – 5349 = 579 ( 27 Days )
Wave 2 = 5349 – 5165 = 184 ( 18 Days )
Wave 3 = 5165- 5449 = 284 ( 12 / 13 days )
Wave A - 4 = 5449 – 5332 = 117 ( 3 days )
Wave B – 4 = 5332 ………………………………………….. ? ( 3 or more days )
Since A – 4 appear to be Zig Zag and channeled correction from 5449 to 5332, it is normal to expect retracement of 80% of the fall. This calculates to 5425. At the same time Wave A -4 happens to be 3 leg, one can also expect Wave B – 4 to form a normal Flat or irregular flat. If it forms irregular flat it has the potentiality to touch 5475 in 3 or more days.
As per NeoWave logic Wave 4 will tend to be equal or more than Wave 3 in time relationship. Also as of now Wave 4 consumed 4 days (including today). Also note Wave 4 tends to be 62% of Wave 2 in time and price. As of now it is reversing at 62% level and this possibly an early indication that a common flat or irregular flat is forming.
Also this whole structure is a Terminal impulse and Wave 1 is a extended Wave and this implies Wave 3 will be smaller than Wave 1 , usually 38% to 62%of Wave 1. Also Wave 5 will be smaller than Wave 3 and normally 38% to 62% of Wave 3 and in rare cases 1 point less than Wave 3. We may get advance clue about length of Wave 5 by way of present up move terminal point.
Also note Wave 4 cannot be greater than Wave 2 and it implies market may not trade below 5265 for few more weeks.
The above is my present understanding about the movement of the market as per NeoWave theory and it will get invalidated if market goes below 5265.
@ shriram,
It resembles, more likely, a corrective action for the "5033-5449 rise", if not a "Major reversal".
From the lows of 4770, there could be a rising wedge developing in week/ day T/f that could have one more rise if the trendline (4770-5033)holds during this current fall.
And @ developing DLEMA..
tks ilango ji :-)
There is -ve Divergence on daily chart made ,, so lets watch intra move for this & week closing ahead
New Post Done.
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