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...
24 comments:
@ master
Is iii/c achieved ?
Finally Range Broken!
$ Fibonacci For Cool Traders $
For the Swing 5690-5593
Retracements
0.618@5653
0.500@5642
0.382@5630
80% Mark@5670
If the 80% Mark not Break
can expect the projections soon...
1.272@5567
1.618@5533
2.000@5496
Good Luck.
NS taken suport @5594,WEEK LOW AND DAY LOW
ALSO FROM MONTH LOW @5594
sir 5653 is i think will b 61.8%retracementt for todays fall m i right sir
Slowly and studily NS RETRASING TOWARDS 5617,5630,
5642(50%)FOR 5690 TO 5594 LEVELS
Remember, "earlier supports becomes current resistances."(Also earlier resistances would become current supports)
Earlier supports were in the region of 5634 to 5651.
Revising the stoploss to 5670 for the shorts...
sir ji,
at what stage of EW can v know
whether wave 5 will be a failure or not
thanks
anybody tell european market time changed?
thanks.
@anmpatel,
yesterday somebody posted a news that winter timing
started in europe and it'll start in us in 1st week nov
@anmpatel
Day Light Savings
1) SPI– start trading at 6.50am (instead of 7.50am) <1 hour earlier> *start 8 Oct 2012
2) Europe -29 Oct – 1 hour later
3) US – 5 Nov – 1 hour later
Market took resistance 561x going down again...
OK PS, thanks.
BALA thanks.
NF previous low @5627 on 26 oct, SIR.
To day low is @5627.
@master
can we say +ve divergence in hrly chart after 1pm update in 9hr rsi? thanks.
madumuni - mm.. that's good one dis time will give direction??? 28th sept weekly hammer each and every time it was supporting around 36/44 let us see this time break will hit 5555 hence i had doubt . it has to give once again bounce and then hit downside and moreover this SPOT 603/625 should touch onceagain protect for a day or two some bounce then downside is reasonable.
PS : If EOD close s below 625/603 i will give up my bounce "thoughts"
Sujatha, trying to get Amit ji to come and show his head again today.. Last time he showed his head and promptly did a reverse summersault but will try and hv him to stay about longer this time...
TA - he is 70 hence let him give 70 hehe lolz
RIL has broken down just now
Sujatha, remember he is an old man so u need to hv him some time and wl not disappoint us... Don't forget he has hosted umeed se dugna also...
--> back
looks like we will get a close EOD < 5648 (Golden Ratio) after a good 5 wks
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