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...
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Ilango ji,
possible 5subwaves of A.3 done sir ?
A.1 5448 5394 -54
A.2 5394 5421 27 -50%
A.3.1 5421 5374 -47
A.3.2 5374 5399 25 -53%
A.3.3 5399 5332 -67 143%
A.3.4 5332 5352 20 -30%
A.3.5 5352 5312 -40 60%
will know for sure if we exceed 5352 , is my guess
Badri...iI am intra player only...and that too I want it on HEMA and CAM base....I am trying to simplify it ...minimum tools and 20 points a day..
good afternoon! though we are now correcting, I remember bears are in pain in this series, so anytime bears may be forced to run!
ns if < 5310 then can c 5280
sir,
This hour open low is same and it looks abc down completed at 5313 so one can go long here or should wait for other confirmation.
एक बार एक आम आदमी जोर जोर से चिल्ला रहा था : प्रधानमन्त्री निकम्मा है..प्रधानमन्त्री निकम्मा है.
पुलिस के एक सिपाही ने सुना और उस की गर्दन पकड़ के दो हाथ रसीद किये और बोला कि चल बच्चू थाने, प्रधानमन्त्री की बेइज्ज़ती करता है.
वो आम आदमी बोला : सिपाही जी, मै तो कह रहा था कि फ्राँस का प्रधानमन्त्री निकम्मा है.
ये सुन कर सिपाही ने उसे और दो थप्पड़ लगाए फिर बोला : अबे मुझे ही बेवक़ूफ़ बनाता है..क्या हमे नहीं पता कहाँ का प्रधानमन्त्री निकम्मा है??
Exited short...total loss today 40 points...
@ Nifty rider
HA HA HA
Entered long...5345
15 min candle Closed above the downtrending channel..
Supports & resistances are key to "Intraday trading".
CAM L3 5336....
NIFTYINDIA,
You are entering long at almost top of hourly trend line and you shorted almost at low of trend line.
Master please guide as per JNSAR trading who has taken shorts @ 5370 what should could be done part booking @ 5330 as importance of 5325 as per you or fully booked there or should have wait for 5310 cluster support or for once fully booked there n took longs.......thanks
Afternoon Everybody
Kiran...as I already explained...I want to do it on only 2 tools..CAM and HEMA....
@nifty rider, be careful otherwise sibbal will get this blog blocked as well, ha ha ha!
Afternoon Mynac...plz give update for today...thx
Good Afternoon mynac
Good Afternoon Mynac sir
niftynindia im again requestin u ....plz dont post ur call here...we are here to learn n apply...
@ Master
Is it Best entry for a resell to sell at 5343 near channel resistance that we book one lot of JNSAR at 5315 or look for near DLEMA ??
Erlier loss 40 points...to quick gain I entered long in 2 lots CE ..5300..@ 55
@ Prince,
5315-25 is the support highlighted from Pre-market thru' intraday and 5313-WEma "reaching" also alerted.
Profit booking should be your decision.
When you trade with SAR method, full booking comes only when the trade is reversed.
@ NIFTYNINDIA
TAKE CARE ! TRADE LESS WITH SAR !
It hits 61
Hi mynac,
kay challay ? Enjoying the intra longs from 5312 i hope :-)
@ sandeep bhoite ,
Earlier corrective rise was from 5371 to 5399 = 28 points.
If you are able to sell near DLEma, it would be good risk-reward. Better would be closer to DEma.
Your 40 points too is a good re-sell point.
Dear bizagra,
There is net problem here,though using now Tata Photon 3.1,so unable to update...+ cannot update TA file and 5D,14D,21 & 35HrD are not there for me to guide..to show path... so from tomorrow shall try to update file first...Till then just reading your comments...:)
@ Master
Thanks for great reply
Venkatapathy Sir
Im fine, thanks
Kiran is absolutely right
and will go long only when JNSAR triggers long
:D
Very Accurate Supports Ilango Sir. Hats off once again.
Shriram,
Kahi nahi fakt net problem mule ekade lezim kheltoy...:)
@mynac sir.....Namaskar.
sir
one doubt nifty trading above trend line joining 5449 and 5399 but is below DLEMA so what should be the approach buying as price broke above trend line or short as trading below DLEMA
@ NIFTYNINDIA,
Your method is not risk-reward worthy.
Instead, opt for "selling into strength in downtrend & covering at supports" OR "buying into weakness in uptrend & covering at resistances".
It is preferable to demonstrate "bigger gain trades" than the small scalps. It distracts the less focused readers.
MTNL GAIN 100% FROM 21,WHEN MASTER INDICATE A GOOD STOCK LIKE MTNL
@mynac
wellcome back buddy...
pan he matra khar ki Nifty 5 min.34EMA (5329) savva donla jevha dakhvun 5320 la khali ali hoti tevha nakki long jhalo asato... nidan chor nahi tar tyachi langoti tari sapadli asati..:)
mynac,
hahaha.. kahi ase na ka, gappa marayla tari alaat ;-)
Will it close above 5340???
the bounce is due to positive divergence in lower T.F.working against higher T.F sell.for momentum to pick up min... hr jnsar need to be hit long.
Dear SANPOT,
Umar badhana kitana khatarnak hota hai isaka "SIR kahake ehasas mat dilao bhai...:)
sir please reply
mynac....chukla buva, parat ashi ghodchuk karnar nahi.....ha ha ha...
Dear durga,
"the bounce is due to positive ...."
It resembles me"Bade Bade shaharo me ye aise chote chote hadse to hote hi rahate "like...(Mr/.R.R.Patil/Home minister for Maharashtra...:)
Tahnks sir and freinds yesterday taken jnsar short at 5380 booked part today at 5330 and will look to resell again nearer DLEMA or DEMA is my understanding correct?
nifty making a bearish WW pattern in 5 min charts
trgt 5310 in first 30min
chanell trgt 5300
thanks master
jAY SHAH
perfeCT!!
@ shivanGupta,
Such small trendline b.out should be traded "intra" only. It has hardly crossed it.
Always weigh the risk-reward and initiate.
There will be some "missed" trades which has to be taken sportingly.
and we are back in the channel....
Dear SANPOT,
kahi nahi apali thodi gammat ulat SIR mhatlyavar ,mi lagech dokyala hat laun baghitle... ki ajun jagevarach ahe ka nahi te :)
Ilango Sir,
When JNSAR is down, how do one determine selling point with good risk-reward?
Normal entry points are: DR1, DR2, WR1, WR2, DLEMA, ...What could be the general rule? (By looking at RSI and Standar Deviation and Stochastic I wait for one of these. and some time I do averaging at these points. )
(if we had waited for DR1 today, we might have not entered into a trade. Some days DR1 could be an ideal place to enter for short)..
@ risk of goin into Predictive mode :-)
if 5290 level holds tomo, Expiry is gonna be probaly somewhere between
38.2%-61.6% of 5448-5290 = 5346 to 5388
Lets see :-)
mynac mast marla....foto baghun faslo....nantar lakshat ale are he tar aple chacha.
Ilango
Ya might be...but my main object is to get it on CAM nad HEMA...as I have gone through it....for 20 points tgt...back test is excellent....practicall is going on
ns : supp & res for 29/08 are 5290 & 5365
initial
@nifty india,your trades reminds me of my own.
later i realised LAKSHMI WAS CAPTURED IN :SRICHAKRA".our MASTER captured MARKET in his TT.
ALL THE BEST.
durga....its not likde that.....you get 20 points on this theory....keep record....
Ilango Sir, on 30 min Google chart Nifty is giving a Head & Shoulder Pattern. Pl confirm.
Thanks in advance.
bye
Thank you sir and blog-mates.
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