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...
41 comments:
@ Master,
Thanks for reply
@DR ji
Bulls discovering "Ganguly" within...
http://www.outlookindia.com/images/saurav_ganguly_shirt_20050425.jpg
AJ
Lolzzzzzzzzz
Gm to all @ Master any views on infy..still that rounding top pattern valid?? Thanking you
Good morning Ilango ji and friends
@ Atharva,
Infy continues to be weak.
Though it breached 2600 briefly, I would still consider it as "rounding top" if it can break below 2525 before Friday and "2620" may be kept as a SL now and trail it down later.
sir ilango ji you and your jnsar do miracles
Dear Smita
our dear Ilango ji has often said that divegences do not work in impulse waves,become traps. These are caution times.
addn of more than 8 lakhs in O.I in 5800pe
5700 PE OI reached to 55Lakhs which was 44Lakhs a day back. Shorts should be careful until Price action really shown.
@ master,
for reliance any veiw or level ?
Thanks Rajan Malhotra .
@ NOBLE NE,
RIL:
Holding above 830-35, it is reversing in the ST to move past 880 for more highs.
We update RIL TA file every week & is available @ JN group.
@Master Thanking you once again
ns at 21ema in 5 min charts
may start to rise again for higher highs
Ilango ji,
small confusion in mind
Are we counting 5waves up from 4770 or from 5216 , sir ?
GM everybody
Since last thursday infy 2350 pe has not lost much of its value still @ 36 even though in between it crossed 2600..
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, VAH:5764, POC-5756, VAL-5748, WVAL:5688, Pivot:5761, R3:5812, VWAP:5816
Base building done and now the next part of the up-move unfolds with huge addition at 5800PE, CE writers are moving away from 5700-5800 Level…
Thanks & Regards
Hi All,
I am new here at Tradeinnifty only. I have received a file from a different website that shows Hawala Exp for October series is @ 5373. Masters could you please suggest if its what the charts are showing and can we go short in Nift as it has a resistance at 5800 levels...
@ shriram,
Hour chart reflects only the sub-waves from 5216.
"JustNifty TA" file has wave labels for higher T/f.
@ sharad_suryavanshi,
We follow market using 3 studies:
JNSAR - presently @ 5669 for the day & rising; only a break of this number(which changes everyday) would call for "shorts".
TA - It is reflected in the "Tech.table" above with guidelines and it says "trending UP".
EW - It suggests more highs to come for a day or two in the Short term.
Hence, Selling "signals" haven't come till now.
BN making higher high(days high)
nifty may not lag behind
sharad_suryavanshi
Ask the fellow who predicted Oct Expiry what is today's closing figure
If he is able to give you right figure for todays closing you can short for Oct expiry
Tks ilango ji,
@ Dinesh.
Thanks for the comments. However nobody told me the levels. I found a file somewhere which has the hawala closing levels for the october expiry. So was just try to confirm.
@ ilango
Thanks for the clarification sir. I will go ahead and go through these studies in detail.
SIR,
NS trading @5789 WEEKLY Resistance 2
Sharad@ if you referring to ichart thread ..that system is completely diff and what we trade here is completely diff based on PSC ( i.e. Hawala)
If you are interested.. I trade based on PSC..System is simple once PSC is broken take a trade wiht isl 20 pts tgt min. gain of 100 ..which some times exceed 200 pts on avg. 170-200 pts
Sharad @ FOr e.g. this series PSC for NS is 5650..if we breaks in oct series..I will short with 20 pts isl....If you want to trade based on Nf price PSC is 5684.30..the price of OCT NF on spet expiry date ie. on 27th Sept
Feel free if you have any doubts.. I have been trading this for last one yr..& be informed that this trade is taken only if JNSAR is favoring trend..And if it is not then I take small position..
Thanks Atharva. U got it right i did find the file from Icharts. It was ur threads i searched on google and came here and found it really nice and better than Icharts. To add I am referring to a file that was posted there not the thread. If u want i cn share it with you.
Please let mne know.
Thanks for explaining atharva. I read about your method last night in some threads for July 2012 and will lookout for the PSC number...
This works wonderful on stocks also I do trade SBIN & RIL..this series starting infy...As I do not understand EW..I have found this is the most simple method to trade purely based on price.. Infy PSC is 2589..see how it is getting rejected @ 2589 today..
addition in O.I in 5800pe nearly 10 lakhs now
adn started in 5900pe too now at near 3 lakhs
Thanks Atharva i will keep this strategy in mind while going in trade forward. However..Till now i have been trading basis MACD, RSI, Trendline, Resistance and supports and have been quite successful, except a few times. I want to include some more strategy to my trading like ilango ji mentioned along with yours as well...Thanks for the support ilango ji,and Atharva.
Now shorted infy on cc (15tf) below PSC with ISL 2610...
@Master,
As you say if Infy break 2525 before friday,
than rounding top conf.
So if not break today than can we will assume that Infy's rounding top pattern is fail???
Well the trade is in your favour..BOL.. )
hourly HA for increasing to 5782.45
nifty has to new high otherwise intraday consolidation contine.
come on nifty now your turn to break abv 5800ns
Bn and midcap index making higher highs
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