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...
67 comments:
@Master,
Thank You. I got it correctly now.
Thank you Dear Master for elaboration on EW count.
Kind regards
Reposting:
Sir,
A request: Please depict the above said views on chart - for better understanding.
mmm. sir, thank u
just a thought flashing across my mind.. so esp if we have a scenario where we start bouncing off the WkLoEMAs
that wud prolly indicate the compeltion of 1 FULL IMPUSLE ??
i.e @ its fractal degree?? wud that b a good assumption to work with sir ?
spam @ work , reposting...
thank u sir
so, wud it be prudent to call an impulse complete once it bounces of the Wklo / hi EMAs (@ that fractal degree) ?
Go get more upside...Nifty spot must trade above 5396....
sorry 5296...
@ satheesh,
Done.
Ilango sir, I think now its time when this blog be made "invitation" only. That way we will be able to enforce ground rules easily. I understand it will require some administration overhead, but it will be effective in keeping irritants away. You can select someone from here to help you in administration here for your blog. Thanks sir!
@ shriram,
I am not aware of such behaviours at WLEma.
Waves first; and further conf. from TA. Pattern of Confirmations has not been explored by me. I take whatever signals available at that time.
trgt of bearish WW pattern is near 1.45-2.00pm
sl abv 5315ns
@ Master,
Is Renetry Trade - Sell on rise @ 5290-5300 is valid one? As Its at DLEMA resisting same
Thanks a Lot sir. :)
thanks dear eevra
@ Pankaj,
I could "invite" only 250 persons as per "Blogger" settings. It would not be fair for the rest.
I prefer this bazaar setting where people can freely access the blog. We just need to be firm with "intrusions".
Our kind of learning is different. But these smart guys come in one day and "start" giving calls as though readers here have been twiddling with their thumbs.
thanks ilango ji,
I get ur style. As my eyes r still not trained to see waves in full respect, i actually do it the reverse way for now -> First identify ceiling / roof of EMAs & then try to fit in the wave !
Hopefully, over time, waves will be better visible to experienced eyes :-)
Ilango sir,how many points below 5255...we can say that corrrction is over and its not a irregular correction???? Thx
@ sandeep bhoite,
It seems to be working based on:
Below Day pivot-5304 & 21 hr sma
TT continues to show "Sell on rises" with hourly closes below HHEma besides Mth/ week/ day in such a "Sell on rises" mode.
@ MASTER
Thanks for reply :)
Thanks for giving me attention towards higher time frame :)
Dear sir, seniors
Could you please tell me "How does one get invitation to a blog"? If I see a blog on profile and it is only for invitees is there any way to contact them to ask for an invitation.
@ bizagra,
It is subjective. And can not be quantified.
All you can attempt is to look for any number that would come closer to that area from "TT".(I could spot 55DEma-5251 & wk JNSAR 5232)
as per fractals developing in 5 min charts i am expecting 5277-5290-5260(5255)-5290
Dear Sir
i have little misgiving about huge purchase done by FIIs yesterday. i am unable to grasp what is cooking underneath.
regards
@ Parimal,
Since that was not accompanied by a significant price rise, treat it as "Hedge positions".
Master
Good Noon
Correctly said. Your service will surely help who in need of it. The real followers of this Blog won't follow anybody blindly once you meant them as distractions. Thanks Master.
@ MASTER
Thanks.. How You are so perfect :)> I got astonished with your study,trades, thinking ,& action on this ....
Test
Dear Ilango Sir,,,,I just read Chetas & rodent story...
thank you .... very interesting :-).
@ sir ,
if we bought at jnsar pos. @ 5289 than we should
wait for 5270 to trigger or sell the same.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAL: 5298, Pivot : 5319, S1 : 5301, VWAP : 5311
Resistance building up around 5400 and Support around 5200, Intra not much to show…
Thanks & Regards
BN at supp of 55ema of 10056
Master ,
yesterday the cash purchase by FIIS was due to Stake SALE in Tech Mahindra largely
My Dear Master
humble gratefulness for enlightening words on FII activity.
very kind regards
Money Control--Q1 GDP at 5.5% vs 5.3% significantly lower than 8% in Q4 of 2011 to 2012
Yes Dear Parminder
thanks, this should be another reason for a bulged statistics
regards
@ Nilesh ,
I use only Day JNSAR for trade initiation.
Other T/F nos are looked at as "references" only.
In the Hour T/F, you need to be careful as many whipsaws possible. Best way to deal with it is take those trades which are in the direction of Day JNSAR. However, at highly oversold hour with +ve div, you could opt for a contra entry but keep a strict SL.
Just as in yesterday's intra chart, today too 5268-72 zone has offered supports. Break of the same would be weak.
Dear Friends
i see an ascending triangle formation on hrly NF chart.
please please confirm
thanks
@ sir,
thanks sir,
i opt only day jnsar only & as per your comment
only i bought & i have already put s/l order to sell again as i can not sell higher because it was not going only so i have ask.
RSI...+ Dive on 5 min
Ilango Sir,,which statergy you use for 1 day before expiry & start of new series... or is it better not to trade on expiry?
Parimal ji,
u r welcome even yesterday fiis have bought futures and large chunk of options
bt OI has decreased
5262.2
5255.1
5267.15
5261.3
5261.2
5271.2
5271.1
5273.8
5272.55
5278.45
5274
5274.95
Last 12 candle of hr has low near 60 to 75 range avg of same is 5268.55
Ilango sir, a Bearish Flag formation on 5 min Google chart. Breakdown below 5270. Request to confirm it.
@ Suresh Nifty,
Anyday, it is Supports and Resistances which will give you returns consistently.
After all, this market is all about "Demand & Supply" just like any other market.
CAM l4 hits...reversed
@Master,
In above chart,there are two things.
b has been finished @5340 or attemp again from 5260-5250 ,and c may commence up to 5200-5140??
break of 5250 made a first 5340 is a b wave??
@master
Can we take larger wave count as
4531-5630 A
5630-4770 B (78.6%)
4770-5449 C (61.8%)
Pls comment
Master for conservative if we reverse after 5252 than wt should be the stoploss .........thanks
@ Prithvi ,
You have got it right.
These labellings are there in the "JustNifty TA" files, uploaded everyday, the link for which is available at the top right corner of the blog.
Thank u sir...
7 pts more for 5255
time remaining 15min
Sir, could you please confirm the fast fall setup in Hrly 5sma &21Sma.
Thanks
@ Prince,
EW continues to favour the "Bounce/ rally".
Hour +ve div remains.
However, price is weak. Seem to hold @ WLEma-5261 presently.
SL was 5270 for the trade and it stopped out.
"Sharp spike" was seen yesterday from "5261".
Prices are @ 5261 now.
5255 aaya
Prices have broken @ 5261 now.
5250 is 55ema in daily charts
may show some bounce from here
Trading below 50DSma-5259.
Day channel support comes @ 5210 approx;
S2:5217.
BN support @ 9890?
Now look out for 5225
pt 5 of small bullish WW may have formed trgts 5277
abv it 5290
@ Hitendra,
9890 is 50% retrace and coincides with a consolidating "flag" kind of structure support.
However, the trend in most T/F is clearly down.
Ilango sir, can it be right to say that the 5 wave down move from 5448 to the yesterday's low of 5255 was the 1st of C followed by a 3 wave retracement to 5343-2nd of C and from 5343 to...is the 3rd of C?. Pl.explain.
Thanks.
New Post Done.
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