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...
64 comments:
@ Smita it will be much better if you wait for 5minute closing abv your sl its my experience....hope it will help n never ever disheart yourself believe me you are at this best place possible if u r a trader if you cannt manage intraday trades be only JNSAR trader n feel the magic n blessings of god n master...thanks
NS breaks small bearish flag...last 2 hr low 5380
a bullish WW may develop in ns 5 min charts
ns may move upto 5402 soon and then may dip towards 5380ns levels near 12 noon
August 24, 2012 10:58 AM
missed up trgt by 3 pts and trgt reached
Ilango Sir, all the sectors are showing weakness today. Even the I.T sector which was showing strength is weak today. Is this an indication of a larger Bearish picture?
expanding triangle developing in BN 5 day 5 min charts
bottom done likely target 5425
5390 protected
till now by bulls
@ Smita
DR Sir repeatedly stresses on one point. Intraday trade will result in losses even in the hands of experts. My experience is the same. So what I do now is only JNSAR to JNSAR trade. You will definitely end in profits.
Regards.
LV
@Smita Sis,
LV sir is right. If you do Jnsar you will never be in loss.
llango sir,
long position can be taken @5388 keeping jnsar @ 5370 in mind ?
sir ji,
is there any method to cal price
knowing macd values?
@ venkatapathy l ,
Intraday trade is not the culprit. It is the lack of application.
When Nifty is @ 5443-5452 zone yesterday, you find traders wanting to "enter long" at that zone.
Similarly when Nifty is @ 5375 today, traders wanting to "enter short".
What happens after these entries is "nervousness" as mkt goes for bounce or a fall. So it is important to initiate trades at "levels". Retracements is another good tool.
Unfortunately, in a falling mkt, traders take the bounces as "bullish moves" and in a rising mkt, the falls are treated as "bearish moves", where as these are re-entry points. Another major fault lies in "not understanding the time frame technicals" that are in play and having wrong diagnostic approach.
Everyday we calculate "levels" to initiate a trade. Besides these one need to develop experience to understand the subtle mkt direction.
bnf;if < 10366 then can v c 10345/10300
Shooting Star on 2 min Google chart.
@Master,
Sir, may i ask one basic question?
Today if 5370 the day JNSAR is broken, then should one treat it as a signal for long exit and short entry, or should one wait for a breach of 5350 which is the 20 point filter for a long exit?
Thanks in advance.
Google chart having problems...
There are 100/ 200 meter runners and there are 5000/1000 meter runners. The strategy and techniques and approach are different. Preparations are different.
One need to be "competent" first before participating in them. If not, the initial failures will make us brand these as "unviable". However, we can see that there are viable participants in them.
So make yourself "prepared" for trading which includes "emotional balance".
Test yourself with a small position by selling when mkt shows bullishness but at resistances and vice versa and see/ feel the developing emotions.
Problem with google charts....its not progressing with time.
sir ji,
just wait eagerly for your comments & advice,
thanks
nilesh sir i am too new but i think filter is for firts two days today if hits 5370 it is short ,master correct me if wrong
Pankaj
Nifty is also not progressing
@ Nilesh Deshpande,
The best way would be a close below 5370.
All methods are likely to have some whipsaw.
With filter 5350 break would be a JNSAR trade with SAR @ 5350+20 for the day.
Without filter 5370 break would be a JNSAR trade with SAR @ 5370+20 for the day.
channel breakdown
@ Ilango Sir
Thank you Sir. I do understand. After proper analysis I have learnt my limitations. My reflexes are not at peak. I am appreciably slow in executing my decisions. So I have chosen to remain in safe mode. A little less of profit; but definitely profit.
But I place on record that this the best place to be. It brings profit. Changes the life style.
Even waiting for the Saturdays is a great joy.
Everyone here is elevated to a higher cultural level.
I will always remain grateful to you sir. Your invisible hand is holding mine always, even during my sleep.
Again my love and regards.
LV
fixed for now.
covered
Dear Ilango Sir
Please post JNSAR levels for NIFTY MIDCAP 50 because it is not available since 23-08-2012.
Thanks and Regards
Dear Ilango Sir,
If JNSAR trade happens today, should we go for AUG or SEP series?
Bearish Rounding Top pattern on 5 min chart.
Nikkei dn 1.2%, Hang Sang dn 1.4%, China dn 1%, European mkt flat, Brent crude dn 0.6% at $114/bbl and Rupee depreciated 24bps
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL : 5415, Pivot : 5431, S1 : 5399 and VWAP : 5398
Thanks & Regards
prince , nilesh ji , LV ji I will do my best to improve .
Thank you sir .
Rgds.
It is a good Jnsar trade with the sl of 5370 spot
Nifty taking support at today's JNSAR 5370.What a magic this JNSAR is.
SS cross over also seen in NF. Last long trade before JNSAR hits
OI suggest bearish trend , but price is not falling much more.
what can we do???
Dear Sanpot
JNSAR indicates a major shift in trend. therefore, price of Nifty may breach JNSAR level for such a confirmation.
The best trade today with mini SL 5370 Long
Master,
Are we seeing a rounded top pattern in 2m google charts? Thanks.
Dear Parimal thank you.
Good Afternoon Dear Ilango Ji,
As the trend for this August Series so far is -
first three days of the week Bullish & rest two days of the week in correction.
So It Will be a good Entry point for long at 5370 With a sl of 5365-50 zone for the upcoming 3 days of the next week ???
Or Shall wait for a close above 5Dema ???
please clear my doubt.
Thanks.
Regards
Victor.
I am blessed with these words of wisdom.Thanks to this enriching blog..Thanking you Master and all blog mates
when there is no expectation...mind is calm.
when mind is calm we can let the world resolve itself
till then:
http://www.youtube.com/watch?v=EyB3W0UfwJ0&feature=related
@prithvi,wait till a close below DLEMA.momentum picks up. then only the hourly correction can damage day technicals.still, week up trend protects against rapid falls.
I think correction would be over and new long trade emerging.
Bcz as per my experience (Friday experience)
@ sony victor,
Trading mode since a close below DHEma has the lower range around DLEma or 20 points lower than DLEma.
You could initiate a trade accordingly.
todays close near the lowsi gravestone doji on weekly chart....anybody guess what bulls need to do?
"Shorts" unable to press further down, there are signs of short covering.
Thank you Dear Ilango ji.
Much Appreciated Views.
Thanks & Regards
Victor.
@purvi,
Bulls need to close above 5415 or higher
i.e. DAY high ema
a small bullish WW developing in ns charts
ns may make a lower low in 5365-60 range to form pt5 and may move up towards 5400ns till eod
sl below 5349
@LV sir,
i strongly put forward your 12:54pm comment......me too in the same boat, slow in execution......so safe in positional JNSAR......thanks LV sir, you said what it was in my mind too, but i dont know how to put forward.....weak in tanglish
thanks,
saz
Master: we are comfortably trading above 60% value of series breadth i.e.
5265..so worth to go by observation..
since morning after open none of indices have broken abv 55ema in 5 min charts
midcap index and nifty now at 55ema and trying to break abv it
BN still below 34ema..has not break abv 34 ema yet
@ Nilesh Bhai
Yes or atleast 5400
lets see
Always good to be on Gods side. He said "Shorts" unable to press further down, there are signs of short covering.
@DR sir,
Need your banknifty power to Lift nifty up
power illa my net also down
Still a NR7 day in Nifty,CNXIT and BankNifty.
Time to break it....
New Post Done.
Flat correction may be over of the last fall..
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