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...
60 comments:
@Sis,
Where are you. no levels.
@sir,stock4sure,
i cant see can u point the legs of triangle
August 17, 2012 2:06 PM
Dear Ilango Sir,
Can we Short here at 5356 (5DEma developing) or should wait for JNSAR to touch at 5331/5321 or if it goes towards 5399 (expanding traingle) ?
This query is for a Conservative trade!
Long here at 5355
thank you master and sujata mam
piyush sir in 5 min charts from 14th aug in ns charts
@ Stockathon ,
Conservative trade: Needs EOD confirmation.
Having a long week end, I wouldn't want to take chances.
Sell on rises was in effect from 16th EOD when Nifty closed below "5366" yesterday.
If closes below 5348 today, day trend would be "Down".
JNSAR...still UP.
Wave 3 in progress.
Referring to my earlier comment, the rise from 5292 to 5400 subdivdes in 5 waves and can be viewed as wave 1 of higher degree, The current fall from 5400 to 5341 cab viewed as wave 2.
@stock4sure
tops 5356,5390,5400
bottoms 5329 ,5356 and 5342??
or something else
@ Piyush Sharda,
Expanding triangle is marked in the "Hour chart" above.
Booked long in 15 points....day'a loss only 5 points now
Two possibilities....1..5/20min crossover...2..CAM L3 5372....
niftynindia never mind sir but u were generally right
Shorted as per CAM L3 5372..sl..20 points...
thank u sir.
sandeep??
Dear Sir
broadening or expanding triangle is a reversal pattern, am i correct?
@JNSAR not broken means
Teji me hi raho, Nahi to 1,2, ka 4 ho jaonge market me se
Thank you Ilango sir.
I've no positions currently as I would be trading the JNSAR for the first time.
Sir as you mentioned that "Idea is to sell @ resistance - 5399", so thought you have reversed the conservative Long trade and I missed it.
niftynindia sir i was following ideas
sandeep ...anything wrong???
10 points profit in latest short @ 5372...CAM L3....
niftynindia no sir
@ Stockathon,
Conservative trades are discussed less unless a "Change" is expected.
Most of the market hour discussions are for "Aggressive trades" for which an approximate levels are given in the "Pre-market write up". Those levels come on the screen while the traders' emotions cloud their mind to take a meaningful trade. I do post "prompting observations".
Its a globalized earth. Countries have lost meaning. Look at countries and banks going bust!!!
One Earth One market One Passport No visa!
@ sometimesbullsometimesbear,
"Imagine".........JL.
@ Niftyindia,
SL 20 points and profit 10 points...
What a R/R Ratio!!
last 30min
whatis at 5364-5366
@Ilango SIr and Blogmates
http://www.youtube.com/watch?v=XLgYAHHkPFs
expecting some short covering in BN
daring to carry long..only fear is long weekend..
@ CDG,
HLEma & Hour-Pivot.
@CDG,
daily Chanel trendline
@master
JL means...my tubelight didnt on! please explain. thanks.
What a wonderful world
http://www.youtube.com/watch?v=E2VCwBzGdPM&feature=related
IIango Sir developing BNSAR for 21stAug2012
possibility of small bullish WW pattern developing in Bn
hinting of a small gapup on tuesday and again selloff
Bn may move uptp 10480(5) on tuesday open and then will move down to 10400(6)
@ Ilango Sir,
Kindly provide bn jnsar for next session.
Thanks in advance
Please anyone update us with Foreign market scenario...
BNJNSAR for 21st: 10437(Approx)
Thank you once again Ilango sir.
Your explanation has cleared my doubts.
Will wait for the right opportunity to enter a conservative trade.
LONG LEG DOJI.......needs confirmation on next day
CFDs Quotes
SPX 500 Futures 1413.15 +0.15 +0.01%
NQ 100 Futures 2769.70 +6.20 +0.22%
DAX 7023.30 +27.01 +0.39%
FTSE 100 5852.50 +17.99 +0.31%
DKG...at the time of taking position..it was sl 20 points...but later on settings it was perception that it will not go much below..so better to book it...
@ sanz ,
All the markets are living by the "day" these days.
It is a dragonfly doji on NF day chart
so today's profit 5 points...
from 16 AUGUST..it is started...y'day..intra profit 15 points=20 total
monday europe and us mkt open or close?
@ Master : hmmm... thanks for the updates :)
closing average currently at approx 5367
@nifty rider india and singapore closed. no imp events on monday world over.
Once closes below DHEma(since 16th), it is a traders market till closing below DLEma or above DHEma.
Thank you all Good bye.
Master a long weekend. Please motivate us with a great post on Saturday as usual. Looking forward to it. Bye..
Happy 3 days holidays to all!
@llango sir BNJNSAR on 21st 10437 it is short side? now bn 10418
thx
in whole world only indians r true secular.atleast inholidays
Happy long weekend to all,
C U on Tuesday.
@ Ilango ji, a humble request kindly include the EW counts on hourly timeframe too in the Just nifty file.
Dear sir
Please kindly include EWcounts atleast on day basis
ifnot Hourly.
Thanks in advance.
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