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...
37 comments:
Reliance is back
Reliance after Long time up by 5 % :) :)
@Master,
Can we go long in SBI???
in this one hr reliance overtook yesturdays all volume :)
good morning ilango sir & blogmates
@ ilango sir
1 wave-5032 to 5150
2 wave 5150 to 5077
3 wave 5077 to 5246
4 wave 5246 to 5165
5 wave 5165 to 5300/5305 ( channel target 2nd wave and 4th wave)
sir my observation in right route?
plz answer
with thanks
GM to Master & all
Master if time permits have a look @ SBIN.. today's bar will be NR7..Thanking you
1st set of 5 waves done on Friday
from 5165 to 5210.10.
2nd set of 5 waves started on Friday from the low of 5197.25 may have completed now @ 5291.35.
Counting sub-waves could be used to understand the fluctuations/ volatility and not necessarily for trading.
@ marketrider,
I have labelled in the hour chart based on various considerations, major input being the week trend turning up.
I look for some kind of symmetry and balance in the waves and it should present itself to you in the first glance.
Whether your route is right...? - Only market will validate it.
But it is definitely not my route.
Morning everyone!
5DEMA said jagtee raho on Fri, and how it ahs rewarded the faithful follower :-)
Let add stats to our arsenel here.
CMP-Dev.DHiEMA = 70 pts zone is 5310 (wid 1 std dev of 20pts)
Gives us the Hi-possiblity day TOP in the range 5290-5330, and tell one where to exit for the day atleast :-)
Have a gr8 trading day
cheers
india VIX also up with nifty
can any1 plz suggest its indication?/if any
Suresh
Is there a way to get hourly data from ODIN ? If not, pl advise from where can we get it ? Thanks
SN
BNF aug hi 10734
its E on daily chart..
x 4743
A 5019
B 4754
C 5364
D 5042
E on
values from forexpros..
it seems any further movment will only after the Europen opening. Currently for the day about 30 point range and trading at the top of this range for most of the time
sir where can one re-enter long.....i always have problem with re-entry levels.....trying to learn but get confused.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, VAH : 5225, WVAH : 5232, Pivot : 5196, R1 : 5292, and VWAP : 5292
Thanks & Regards
On Weekly Graph Channel Resistance here around 5291 ,,
Channel resistance better to say symmetrical triangle top
Ring finger length linked to success
http://www.bankniftytrading.com/2011/04/ring-finger-length-linked-to-success.html
@ Dr Sir
Ab ek nanhi si jaan kya kya kare ...Trading learn kare ki.. ring fingure bada kare ?
Aap hi batao :)
numchar
Lolzzzzzzzzzzzzzzzzzz
Market must reach 5230 NF to achieve Ehler equilibrium..,,
What is NEGATIVE divergence and what to expect from it???
How is this different from POSITIVe divergence?
sir 5290 being weekly trend line resistance will it be much stronger as compared to daily trend line resistance or there is nothing like this.
Nifty entering Higher T/f RES area
Weekly candle res: 5303-5334
Dev.Month hiEMA : 5327
Channel UTL @ : 5310
Good Morning Sir
A robot from earth has reached Mars.:):) Great work by the guys at NASA. Next is Man on Mars. A proud and humbling moment for human species on earth.
IS there any Island formation ?
@STBT: Did you see it LIVE ?
From the low of 5165(Friday), the "iv"th wave is on or completed and a "v"th wave should complete above 5291-5349 zone.
Shriram has hinted a pause around 5310-30 zone.
A retracement after the completion of such a 5-waves would reveal the strength/ weakness of the current upmove.
Good morning Master
New Post Done.
As of Friday Nifty waiting for Europe open.
Till then it will not move either side.
Stock prices are not being updated in Google docs from google finance since last week.. Its saying NSE exchange is not supported..
Anyone else facing the same problem?? or is it working for anyone?
@ teejay,
It's working.
http://www.google.com/finance?q=NSE:RELIANCE
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