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...
26 comments:
Disgusting movements for intraday traders within a band of 20-25 points.
When will the NR7 break, is the biggest question.
Nifty spot...keep close watch on 5369.....
@master
give some tubelight!! thanks
anybody have any idea what going on since morning? not look like rollover too.!!! thanks. market resting?? or sluggish??
nifty below previous week
NR7 broken (NS Low on Friday 5371.35)
Nifty spot low...5370.15....5369..imp
Nifty spot ..5369 broken...towards 5340....
Nifty spot...one minor support @ 5357...
Support @ 5365???
seems day's low placed..
Premium eroding whipsaws.
80%-5363 protected presently.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL : 5393, Pivot : 5399, S1 : 5385. S2 : 5366 and VWAP : 5388
For Nifty to Move Down, 5400PE Writers must panic, which is still not Visible…
Thanks & Regards
Sir if shorts taken of jnsar on break of 5371 what should be the stoploss 20 points or todays high?
@jay shah,
Ilango said...
After a big-gain JNSAR trade(302 points), next trade is likely to whipsaw. Whipsaw could be avoided by applying a small filter.(5374-J10SAR or DLEma-5371)
If you have taken a short @ 5380, keep day's high or 21Hrsma or 34 hr sma as SAR.
You can not escape whipsaw all the time. You may be able to avoid a few.
August 27, 2012 10:30 AM
dear nileshji i have taken trade on break of small filter at 5371 thats why i asked
what the stoploss should be 20 points from the trade or todays high
@jay shah,
try to be as mechanical as possible if short 5371 s&r 5391, if short 5380 s&r 5400
bears dont behave like this on any top...they strike hard to control bulls...
BN fell 370 pts from 8th to 10th aug
completed 370pts again at 10190 to form a chanell
can a bounce be expected??
--> back
trading below Dev. 5WkHiEMA & near DLoEMA
supports @ 5348 / 5317
Dear Nifty Rider
you may be right. there is something fishy in this down-move.
May be it is RIL (rising slowly after correction) saving Nifty from a sharp fall
Goodafternoon sir and all
stock4 - BN (future) 206 crack may hit 162/151 level protection of 206 = 268/283 nd will give the same 330 (as per me)
closing around same 5371 level is headache for both the B's . imagine the 5033 to 5448 fibo level = .....huh...monthly closing around 315 too headache for next month :) anyway i hv 2 thank nifty for this grinding move as i am able to do lot of domestic work
feeling 5371 day close is weak 5341 weekly close is weak ...inbetween i am jamming
Bye
Where is JN's BIG BEAR ? (POWERTRADE sir)
New Post Done.
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