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...
84 comments:
http://www.dw.de/image/0,,6364598_4,00.jpg
NSE CASH VOL....high ....Dr sir...its not technical reason behind this.. TOKRI SELL HUA LAGTA HAI.
Dont eat Banana while trading
http://www.youtube.com/watch?v=OVytw0DlkfE
premium from 40 to 20 only what a game
Respected Sir
Good Morning Thanks for updating the figures in TT table so fast.
Sir pls check up the graph above the TT table the same is showing pivot as 5730 & 5 DEMA 5699.
HDFC big deal
I have kept the future's low for spot to "ignore" this aberration.
@ DR Sir
lol
Now we need to find who was eating the banana ..
Folks look around ..if you find anyone eating banana ..turn him in ..he is our guy. :)
haha Dr, numchar...
@Ilango
In your premarket table you have mentioned a stop loss of 5640 for the JNSAR conservative trade. Today's JNSAR is 5685....what would be the reason for this?
thanks
Good governance demands that NSE should make public the banana inquiry report of such an event on its website with details. This has happened some times in the past too and the banana inquiry results that was conducted is not known to anybody. Strange :):) Are we a Banana Republic.....ROFLllllll
http://www.smh.com.au/business/markets/fat-finger-points-to-us-stocks-dive-20100507-uh91.html
Master Stroke...
Is this the "teaser" for the big "C" to come....????
It seems NSE too need 'Reforms' in their trading system!!!
nf low 5753.4
so only spot charts showing sharp down spikes
Algo trader "internet speed" is faster than NSE's "Speed"; hence LC did not work.
Llango sir
What is big c ? is for bullish or bearish?
Fear is bigger than greed...
@Ilango Sir,
Am I correct in thinking that big C is big upmove. Please advise me.
Best regards
apart from that down crash still intraday huge volatility today after many days
@ Indus ,
5640 is the last major low.
Considering today's development, watch out for EOD prices to confirm a reversal.
Enough indications were given in Pre-Market about "Profit taking".Subsequently, the retrace comments. And it continues.
ACP Pradyuman - Daya kuch toh gadbad hai...pata karo kya gadbad hai...
http://2.bp.blogspot.com/_AAi4anR3nhU/TGjLI2sUoOI/AAAAAAAAANo/dA9mh_AcavY/s400/image30.png
Master ,
there was a fast fall setup in 5,34sma and now in 5,21,34 sma in nifty futures chart
Am i right
pls guide
ns 5739
Hi Sir,
How do we find that c has begun or we will have one more leg up of B till 5950-6000 ( expecting corrections till 5450-5500).
@ channasri,
Nifty fell 1000 points in the "freak incident". How could I use that for "Upmove".
Besides I have always maintained that the rise from 2259 to 6339 was the "B" wave and we are already in the "C" wave down in which 1st part(A)is done from 6339 to 4531 and the "bounce part(B) is on and it will be followed by (C) wave DOWN. There is no change in that..., no matter what the dying govt & chidambaram could do.
ns,Bn and IT charts distorted
midcap may be follwed for todays entry or exit
Ilango sir trendline broken and 34hr ema also given way...conservative shorts only after confirmation at eod??thx
5722
bulls ki sab mehnat paani mai mil gayi
Ball is now in Kumar Sirs court
Kumar Sir
Attendance Plz
Thanx MASTER for confirmation of BIG C
Regards
♥☺♥
@DR ji
LIC will login now.... :D
@ Ashutosh Agarwal,
Only a breach of 5349 or 5449 would confirm the (C) wave down as per EW.
However, we'll be in "Shorts" by then.
It is now clear that this is "Day T/f" correcting/ reversing after -ve div. It will head to 5694 & 5640 while keeping below 61.8% or 80% of the fall.
@ MASTER
i have exited trade for re entry of JNSAR ( suggeted on 3sept )in the morning as open high was same ,,
but still what would be done prefer way if one missed
that opportunity as this knowledge may help JN Family too
Do we consider tomorrow's JNSAR ( 5704 ) to reverse actual JNSAR or wait for 5685 to trigger
Or look for Re entry trade for buy near 5703 ( DLEMA )
NIFTY @ DLEMA 5719
@Ilango Sir,
Many thanks to you.
Best regards
@ sandeep bhoite,
I stopped posting "Counter trend trades" in JNSAR table.
If you have followed all the interaction of the day, you would have sold everything when mkt re-opened after the freak incident and will need to get only a conf. of JNSAR trigger later.
MishraJi,
r u around? Worm giving sell at Hr T/F. could you confirm?
Nifty Futures support levels: CLICK HERE
@DR Sir,
Bear Ganga River me snan karke train me aa rahe hai,
So keep in mind.. for next week.
trades at lower levels:(source:email)
TC : 694k @ 220.25 - prv tick was 275.30 RIL : 234k @ 682.35 - prv tick was 816.70 INFOSYS : 148k @ 2060.55 - prv tick was 2541.00 ICICI BANK : 240k @ 866.75 - prv tick was 1068.00 HDFC : 493k @ 631.25 - prv tick was 752.35 HDFC BANK : 175k @ 505.05 - prv tick was 590.00 L&T : 196k @ 1307.25 - prv tick was 1555.60 TCS : 95k @ 1221.70 - prv tick was 1294.15 HUVR : 492k @ 444.45 - prv tick was 562.05 SBI : 138k @ 2010.30 - prv tick was 2337.45
San
nice chart
Plz type "Rt Click here"
so one gets option
Open link in new Tab
:D
@ MASTER
Yes dear Master :) got as u always teaching give wight age to price first so just following your words , thanks for educating us
Prithvi
they have to pass thru gate "JNSAR"
@Ilango,
One major doubt, YOU have been in market too long and would have seen numerous freak encounters, how does one handle TA in terms of charts or spreadsheet when values have been skewed as in all the moving averages, RSI, Bands gets impacted . SHall we just exclude that candle(5min,15min,hourly) or include those values in computation
regards
"5767" is 50.0% of the fall from 5815 to 5719.
"5778" is 61.8% of the fall from 5815 to 5719.
"5796" is 80.0% of the fall from 5815 to 5719.
@DR Sir,
I Must follow JNSar,
And wait for that Signal to sell For Wave 'C'.
@ discipline focus,
Haven't I answered that clearly as well as "acted" accordingly.
I do not know how the traders who use "paid software" could avoid such "freak quotes". Is it possible to exclude them in "amibroker & other softwares"?
Morning everyone
5729 is the level to watch , EOD basis
Have a gr8 trading day
cheers
Dinesh Rishi said...
Clap ur hands
there is some problem in BN & Nifty Spot data
October 5, 2012 9:53 AM
Thank you sir
Good Morning ILango Sir & everyone!
Dear D R Ji!
http://www.youtube.com/watch?v=LGu1aZdVuMA
Dear Kiran!
Thanx for informing, either i was in SELLING SURUR:)
cooldent
before that I posted clip :(
discipline focus
Ilango said...
I have kept the future's low for spot to "ignore" this aberration.
October 5, 2012 10:23 AM
yes. you can delete the data in paid software.
Good morning! Prabakar, yes. The worm has re-entered and with a bang. :) More confirmation from other signals will be an advantage, As such Master has given red arrow..
Kumar Sir
lolzzz
SELLING SURUR:)
:D
@Ilango,
Master had acted well on the plan,
but while seeing random figure on AmiBroker, got the blues :). It is possible to emit a candle in Amibroker, given that the data provider is giving patches of data in 5sec,15sec etc. but is herculean to go and do that manually for all symbol .
@DR sir,
Thanks, I....that seems to be working good enough, will do that :):):)
@ salildali,
That is a big relief to TA followers using such software.
@ SK Mishra,
A subdued closing would confirm the onset of -ve div in day T/F.
All is well upto month pivot-5551. It would be traders' paradise with good swings & lesser grindings.
I'm relieved for one of our readers who has with indiscipline got stuck with "shorts" at lower T/F. I have prayed for him to meet less damages. I sincerely hope he starts "following instead of predicting".
Ilango sir, what is the level to go short in TATA STEEL is it break of JNSAR 401?
I hope nifty eod will be 5596 21DEMA
@Master.. 2525 below in Infy today would confirm the rounding top formation trigger ?? Please confirm the level once.. thanks !!
yes Master yu can delete a single candle in Amibroker i use the process wen i update some wrong data while feeding it manually...
nifty at 4000/3500 this/after diwali ?
will banknifty make double century on down side today??
waiting for jnsar to trigger....
A bullish guy can view, that NS has filled all the gap ... ha ha ha , except the elcetion one of course
Weekly Candle Guess as of now?
Dear Mishraji,
Thanks. will wait till EOD for confirmation.
@ DR Sir,
My guess as of now -
Grave stone doji after uptrend
after that sharp downmove ns closed at 5625 as per charts
when it opened it opened near 5675
will ns test those levels again??
BN is already trading below those reopen levels
Hari
http://www.fxwords.com/b/bearish-gravestone-doji-candlestick.html
Today's low of INFY is seen as 2060.55. Now trading at 2533. Is it an indication of forthcoming poor results of Infy?. Also the slide in Nifty can be because of Bearishness of Infy.
NSE clarifies, “The market opened normally today (Friday) and Nifty opened at 5,815. At 9.50.58 Nifty circuit filter got triggered upon which the cash market was closed automatically. The Nifty fall was apparently on account of abnormal orders resulting in multiple trades at low prices. While the Exchange systems functioned normally without any glitch, the above abnormal trades caused market closure automatically due to the index circuit filter getting triggered. The market was reopened by the Exchange with a pre-open phase at 10.00.22 and trading resumed at 10.05.00. The market is functioning normally and the incident is being investigated.”
Rumours are that ACP Pradhyuman is appointed as JPC Chief for investigation.
FII started showing some exit from indian stocks
today Carlyle some large qtty of HDFC bank stocks
is this an indication of FII move in coming days
dollar/INR also tempting to do some profit booking
@ DR Sir
Thanks
Sir
If this is a genuine erroneous trade, then actually this fall is a buy oppurtnity correct? in this case , can we long with JNSAr as SL.
Please guide, thankyou
why this premium on nifty and banknifty is not coming down..... is still bulls have some steam..??
Emkay Global executed 59 erraneous orders worth 650 crores. ETnow.
Chetas,
Absolutely on the nail Q .
Hope we arent declaring the verdict, before the jury's evidence :-)
New Post Done.
Shriram :
My thought process is
a) if it is a freak trade by Algos, ( similar to what happens in S&P/ nasdaq, famously called pin bars) then i will be worried, we will tag the lows hit today.
but it seems to be a genuine error ( ofcourse no finality on this )
b) if this is genuine erroneous order, also confirmed by the fact rates wre different in NSE and sensex also NF was not affected, as long as Jnsar is not taken out, we could take longs with Jnsar SL is my thought process
to be honest this kind of markets moves shakes the confidence in the NSe system, i went out and had Chai, now having a fresh look
Shriram
Also I see in the chart
1) open high same for NF, NS BN
2) When we went down on error trade, we recovered but did not cross the morning high
3) after recovering to 5805, we have fallen below yesterday low, and holding, so oustide bar in day chart, which is one day reversal pattern
4) Master has warned all in the morning itself about wave iv,
Just want JNSAr hit, :))))))))))
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