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...
102 comments:
rock..I am doint it on HEMA or CAM level....any problem????....its mechanical trading.....I dont insist you to follow me.....it shows you are lacking something....
only small sl are there....affordable.....I think so...
ilango ji,
Intra Flag tgts: 5301 / 5285
A.5 tgts ideal = 5345-54 = 5291
time to look intra long sir ??
@ shriram,
If it clears 5316, Longs for intraday may be attempted.
If not, wait for sometime as (iii)rd of "v"th may still be on.
Niftyindia,
Am relatively new to this blog, but going through the backpages, I got the sense that Ilango doesn't encourage explicit trading calls. CAM and HEMA numbers are fine, but frequent to and fro calls are what he hinted distracts less focused readers.
5294 to banta hai bhai
@ NIFTYNINDIA,
I am repeating it not only for your benefit but to everyone who reads it.
Intraday trading is best done with "Resistances and supports". However, when a trend is in place, buy & hold or sell on hold based on ORB works OR use of classic pivots or camarilla pivots work.
Good afternoon Master & All
@ NIFTYNINIDA
LESS FOCUS BAD FOR YOU
Master + div 14 rsi hrly can be considered or to be ingonored being 3rd wave ..or is it first only am not sure..Pls guide ..thanking you
tks ilango ji :-)
ok...try or test what i am putting here.....
Master can we take conservative trades as well if it holds 5316 with stoploss of 5290.......please guide . thanks
take last last 3 months data....Hema data......enter long if hour close is above Hema and enter short if close below Hema...keep sl of 20 points...and tgt of 20 points.....it given 610 points .....1)sl are calculated in those 610 points.... 2) those are only 20 points calculation 3)taken trade exactly at decisive point....meand close is at 5350 then trade at same level 4)I have not considered tradable points ..means suppose close at 5350 and generally if close is above Hema then gets dip of 5/10 points to enter and close is below Hema gets rise of 5/10 points...5) if we taken like this...as tradable points...it might be near 750/900 points.....6)Its totaly mechanical...7) Now i am doing some work to mix it with CAM and HEMA....will getresults on that also..I am 100% sure ...not on my formula but the "LEVES/INDICATORS WORK" rule...
nifty made a lower low but Bn have not yet
ns <5305 , again a free fall
Afternoon Everybody
@ Prince ,
There are certain observations which has reinforced the current downtrend.
Now trading firmly below 5325-20 DSma.
We need to see whether 50DSma-5255 holds by tomorrow.
If a distinct + ve div. emerges by tomorrow(Today is doubtful), some aggressive longs may be considered.
For holding overnight longs is not advised when Nifty continues to close below DLEma.
If any other convincing observations is made, we'll update them.
Day/Hour trend is firmly down presently. Week is getting weaker, though the confirmation comes only on 31st Aug.
@ NIFTYINDIA please ask the members first how much interest they taking in your posts & analysis , still if you want to share your views try not to DISTRACT traders with too much posts , dont take it granted if Master has given authority to share your views.......hope you will understand n will take care...thanks
Glad to see you mynac-bhau
cheers
Purpose of doing this.....1) No overnight burden....2)No big capital required...3)I want it to multiple if it gets result as I expect, which many traders --or at least me.. scare to do for overnight..and its natural...as gap up and gap down affects your sentiments if trade is big, though direction is according to your trade...4) Annual yield will be much bigger as i seen in last 3 months data, it given vey less sl....
Ilango ji,
Wave (v) of V running now ?
My Dear Master
thanks for the highlight, i was just looking for something like this
kind regards
GA Mynac
as per fractals ns may trgt 5290-87 range
If anybody wants this data with my comments..means entry/exit or sl trades..it is with me.
recalib the fall from 5345
As a ruf estimate, wave length is 2.5 xw1
= 2.5*30 = 75 pts
so A.5 can finish @ 5345-75 = 5270
If a distinct + ve div. emerges by tomorrow
sir what do you mean by distinct +ve divergence
@mynac namaskar...
its open for discussion....the only condition is that ..dont ask 'why you want it on intraday'....dont say that 'intraday trading is more risky'.....dont say 'how its possible to enter as soon as gets figure of Hema'...take it as HIGHLY OBJECTIVE THINKING and sahre your views...one can try it with MOCK TRADING and then can share experience
at the end.....
there are so many methods are getting used all over world in stock trading...if it is not well acquainted with anyone it doesn't mean that it must be criticised....
Since morning NF has not crossed 10 points on higher side after making new lows........so have a eye on 11 points from new lows........thanks
Since morning almost 15 lac O.I.addition in yesterday's 2.02 Cr.O.I.is there in Agu NF O.I.which would be consider as unwinding in EOD Bhav copy is assumption.
Normally @ the end of series current NF O.I.@ expiry comes bet.1.25 to 1.40 Cr.@ 3.30 PM is general observation.means still almost 40 t0 50 lac long unwinding shall be there and Nifty trading down...
So whether that O.I.Load shall drag Nifty further down or not ?let us see
GA Dear bizagra and SANPOT
Ilango...any objection on sharing such experiences???? please share your views on this topic
Good afternoon Mynac sir
@ All,
Ignore NIFTYNINDIA.
Good afternoon Dear Amol Sharma
(iii)rd of "V"th may have just ended @ 5301.
(iv)th shouldn't move into "5317".
Namaste Ilango Sir and JN Family
Due to inevitable situation i was not able to post OI updates from today morning. Will continue to post from now onwards. Thanks.
Good Afternoon Mynac,
Happy to see you back. Missed you a lot.. :)
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL : 5336, MPOC at 5313, Pivot : 5344, S2 : 5300 and VWAP : 5326
5400CE & 5300CE Writers controlling proceeding till now, but the 5300PE Writers still holding on but...
Thanks & Regards
Dear Shriram,
Nifty still holding 5300 and 5min.34 has come down significantly...i.e. within Bulls range... so shall Bulls try to counter attact here?
I myself given 5400 pe tgt of 90 ..so it was clear in my mind that as positional...nifty is towards 5315/5294....but still I was with long trades in between as intra....got sl agree....even @ 5340 I said 5500 ce OI above 1 cr...and 5300 pe OI above 1 cr..so range will be 5425-5294....this is mentioning because I was knowing it has turned ..but doing intra with CAM... putting aside HEMA figure...as it was OS on hour base and giving close below HLEMA... at OS point got sceptic about trades based on HLMA..so was experimenting with CAM..AND NOW TOWARDS WITH LITTLE CLUE..if its OS...CAM H3 works without any tension than...HLMA...this is still not final....working with back data on this also
Hi mynac,
kay challay ?
yes, i expect serious support @ 5270-5280 zone (Candle , Dev. WkLOEMA & the wave structure unfloding seems to indicate so)
Wodering whether to stick around or go for lunch actually , lest i miss the opp. to go long :-D
Apula kaay vichar ahe ? :-)
@ niftynindia
without working for your broker u can only follow jnsar or 10sar u will earn 610 points u
did not have to watch each & every hour.
Afternoon Dear P{rabakar...I was also missing you all...
Shriram... 5270-"80" :) my favorite thumb rule.. i.e. JNSAR value @ the time of reversal minus 100 points...
nilesh..for that overnight trade needed
banknifty update please :)
mi thambane pasand karen...cause many times have cut not only my fingers but both hands :) whenever try to catch cutting knife :)
Dear all,
Facing problem in blogger when trying new post. Is there any limitation in no. of posts in blog. Please guide.
And my object is intraday trading only
as per my little EW knowledge 5th wave trg should come around 5294 or 5260
@ All Mallus
Regards and respects.
Ende sneham niranja onam aashamsakal.
Love you all.
LV
@ mynac: LOL ..hahha .. baghu, aata mee teji karnaar ahe !!
@ ilango ji:
pls concur on the trigger for longs, sir.. need to go for lunch ASAP :-)
5309 CAM L 4 worked...
bn-f <10040 can c 9990
given 20 points....
Ilango Sir, RSI showing positive divergence since last 30 minutes. Is a bounce back expected?
a small bullish WW pattern developing in ns charts
trgt 5315
@ SANPOT Divergence is an early warnig that price may reverse ..but till the time price aint confirm that i think trade should be avoided ..... i got caught many times :( .. just sharing my exp
@Ilango Sir.
What will be target for the 5th wave, you have mentioned above.
Ilango sir..seems iii still going??thx
niftynindia take it in lite mode....
I mean iiird of 5th??
@SAM thanks for sharing your views. I am not going long based on it, just an observation as 5290 is a crucial support.
ok, in wid 1 mini dosa,
cu guys after 14:00hrs !
nobody commented on ..."5309 CAM L 4 worked... "
@ shriram,
OI table does not encourage any kind of longs till tomorrow at the minimum.
Bon appetit
breaking 5290 then 5260
Reading comments in this forum.........is a proof and reason as to why Markets exist.Inspite of seeing the amazing results of JNSAR trading(5000+ points since year beginning ..........wow!!!!!!!!) people still are devising??? newer methods going haywire/buy sell buy sell doldrums.....Amazing is Human mind and even more ...Human emotions
Jai Shriram mala pan 1 dosa parcel kara.
5400 pe...hits 100...
5400 ce towards 0
All EW followers:
In such short T/F, waves tend to sub-divide if the trend is strong.
This settlement trend decided when JNSAR triggered as well as OI table turned "Bearish".
Good afternoon Ilango sir , piyush shardaji, parimalji, cooldentji and all dear freinds sorry was not on computer in the morning so putting my attendance now
@rock ..waht happened?
@ NIFTYNINDIA,
You will never make money in intraday trading.
Only a move past 5317 would confirm that "v"th wave is completed.
On the contrary, if the current trend continues down and changes the week trend( with a close below 5313 on 31st), waves would be sub-dividing.
Jay shah
enjoying ur first jnsar trade?
@ NIFTYNINDIA,
JNSAR.... Kar etbar, daulat beshmar!!
Thank you sir !
@ DKG ... pls..read my conditions in my post @ 12.52 pm....if you want to share your practical experiences....
@ DKG ...i also track on DTP...(decisive turning point).which is my calculated point...it has given 96 points so far.....the points was 5386 on monday.....
@ Ashish Agarwal,
I would never make such a statement simply because:
I learnt it the hardway that
in a downtrending market no supports are invincible and in an uptrending market no resistance is unbreakable.
Sir and freinds i had taken short trade at open today around DLEMA 5331 and 5EMA 5344 booked profits of those now sir these were reselling Jnsar trades. many thanks
sir,
if 5290 supports today then fractals indicating a gapup towards 5337 which again will be good shorting levels for 5281ns tomorrow
sir,does it matches with any EW pattern
My Dear Nifty Simba
you are very correct.
Dear Jay Shah
there can be two types of profit booking.
a) as Dear Master suggests: at 50, 100 points,
b) as Sir Venkatapathy suggests: keep it all cool. trade JNSAR to JNSAR. (you will save a lot on brokerage additionally. this needs PATIENCE in addition to confidence in JNSAR).
all the best
Sir and freinds a hypothetical question sinc eim new to jnsar trading suppose shorts taken today at open around 5340 and market did not oblige what should be the stoploss for such a trade? Sshould it be 20 points from the trade as sie often says or 5377 DHEMA OR should it be 5385 jnsar + 20 points filter since it is second day today? many thanks
Ilango sir said...I learnt it the hard way in a downtrending market no supports are invincible and in an uptrend no resistances are unbreakable. How simple yet effective this principle is. It should be deeply carved into every trader's mind. Trend is your friend.
good afternoon jay shah
@ STOCK4SURE,
There is a possibility.
A 5 waves done @ 5290 and "ABC" correction is on.
And if the "B" of the correction gets irregular, your 5281(or lower) is possible tomorrow.
yes thanks cooldentji for ur kind words and encouragement God bless
Europe in Red.
BN and midcap index along with nifty at res of 55ema in 5 min charts
New Post Done.
thanks master
Pramod Athrey Devendra Chaturvedi
Dc sir leave your stars and everything and trade with levels.Nifty has closed below daily 5 low ema for 2 consecutive days which is bearish and it has closed below weekly 5 high ema.Watch ilango sirs tradeinniftyonly.blogspot.in.According to his table short triggered @ 5385 spot levels. Sir ilango ji this is the feed back of ur hard work that get u r simply the best and above all thnx to u
@All ,
Last hour candle shows a long tail , Looks like a hammer to me , is it so ?
Profitable Nifty trading tips in all market condition is possible now. Nifty based on derivatives and index funds and ideal for derivatives. Nifty tips is basically for NSE(national stock exchange) index.
Nice analysis.. today Nifty closed on slight bear trend at 5334 level. So today the first resistance for nifty is at 5358-63 level. Next resistance ranges are at 5380-84,5403-08,5422-25,5440-45,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5307-02 level. for more on nifty alert
Stock market is known for its volatile nature and real Stock market experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.
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