The conservative trades are based on "my perception" of Elliott wave, classic Technical analysis studies. I could go wrong though I try to maintain objectivity in my observations.
There will be contradicting remarks, for eg: FII data & low VIX V/s Technical indications but I present them as I perceive them objectively. Whatever you choose at that moment, you must manage your trades with the most minimal SL.
Pre-market table shows:
Conservative trade: (I have briefed about it above);
Aggressive trade: It is meant for "intraday traders" and it could be combined into your conservative trades when at extreme readings of overbought and oversold conditions.
JNSAR trade: The mechanical Stop And Reverse Method(SAR); it could be kept simple with small filters applied at appropriate junctions; Part-booking & re-entering using aggressive trading ranges or other criteria listed in Pre-Market table.
Choose your trades intelligently, remembering the reasons for which the trade is taken and manage them accordingly and thus keeping your thought process simple.
My presence and remarks should calm you & clear your doubts to carry on with your trades and when you find them conflicting with your perception, leave them aside as I could be wrong...as I'm too human, prone to errors but have been improving over the years.
Conflicts, complexities arise when you get too close to the market...hour, 30 min, 5 min but they are fairly simple in week & Day combination. Use the "close proximity of the market- Intraday" for bettering your entry & exits. But if the result of such "manouevring intraday" is "losses", you must seek to trade only those "large signals coming from Week & Day T/F."
Get Rich Slowly & Quietly.
There will be contradicting remarks, for eg: FII data & low VIX V/s Technical indications but I present them as I perceive them objectively. Whatever you choose at that moment, you must manage your trades with the most minimal SL.
Pre-market table shows:
Conservative trade: (I have briefed about it above);
Aggressive trade: It is meant for "intraday traders" and it could be combined into your conservative trades when at extreme readings of overbought and oversold conditions.
JNSAR trade: The mechanical Stop And Reverse Method(SAR); it could be kept simple with small filters applied at appropriate junctions; Part-booking & re-entering using aggressive trading ranges or other criteria listed in Pre-Market table.
Choose your trades intelligently, remembering the reasons for which the trade is taken and manage them accordingly and thus keeping your thought process simple.
My presence and remarks should calm you & clear your doubts to carry on with your trades and when you find them conflicting with your perception, leave them aside as I could be wrong...as I'm too human, prone to errors but have been improving over the years.
Conflicts, complexities arise when you get too close to the market...hour, 30 min, 5 min but they are fairly simple in week & Day combination. Use the "close proximity of the market- Intraday" for bettering your entry & exits. But if the result of such "manouevring intraday" is "losses", you must seek to trade only those "large signals coming from Week & Day T/F."
Get Rich Slowly & Quietly.
15 comments:
Ilango Sir,
Your views beginning with yesterday's EOD post , pre-market view , intraday posts contained so much valuable information combining various studies.
Clearly could see a diligent trader's mind and how to apply each study objectively.
Will treasure today's market movement with your notes and responses for a long time to come.
Thanks for all your hardwork.
Raghavendra
Thanks Sir.
THE real knowledge lies in between sentences.(ones perception).
MARKET IS HAVING lots of trap doors ,booby traps,n quicksands too.BUT u showed the method in MADNESS.HOW TO..
your T.T is just unbeatable in different T.F.
IF only we have the discipline to follow,clarity to follow diff tf, and patience to wait to GET RICH SLOWLY....
ALL THE BEST FOR ALL. GOOD NIGHT
dear n. ram ji,
if u have a system that is foolproof why don't u disclose it to the world so that everyone benefits.
if u have nothing to offer, u have no right to criticise.if this blog is of no use to u why are u here in the first place?
N Ram - if you only one number to follow - then why are you here? Fishing???
@ N Ram,
Ilango states objectively all the studies he follows. He never gives any calls or forces anyone to trade.
Please understand his motive and messages in a broader sense. Following one method will not give trade setups every day and a combination of few methods give optimal result.
It is left to individual trader to use the studies he is comfortable with.
dear n. ram,
nowhere can i find the presentation of facts which are beautifully done here by ilango ji. he is just placing the facts before you and asking you to use your own brain and instinct to take a trade. besides tt table the cam and fib levels are also there. it is upto an individual as to what suits his trading style.
your style is fine but then you yourself admit it would not work every time.
i find the information here extremely simple and useful. so do hundreds and thousands of others. the proof is the number of posts this blog gets from hundreds daily and then there could be thousands like me who watch it silently and benefit.
why do not you come here and contribute your own facts and views which fit in the format of this blog. that is what so many are doing wonderfully.
N. Ram ji,
1. If you made money or making money continuously from the market, there is no need for you to come and waste your time in this place.
2. Ilango sir never said to anybody to follow a particular trade method. Often he repeated that one should follow which "suits them " .
3. A blog like this which has 936 members needs many information in condensed form so that it meets majority of the members requirement.
4. By doing it regularly is not a small task and more over guiding you through out the day do it for so many years speaks volume about a persons dedication to help people. Also remember it is " free service " provided to the trading community whoever wanted to learn technical from here.
5.If you are seeing the information provided by him as "just excel sheet" I am of the opinion this is heavily loaded statement with some ulterior motive or your knowledge about technical are far less from many of the senior members of this blog.
6. I am polished here by the knowledge provided by Ilango sir and the space he has provided to interested people like me to learn has further strengthened our belief system about our knowledge, which can not be expressed in few words.
7. When I am trouble, the encouragement given by many of the members of this blog, one may not get it anywhere and such good human beings very hard to find in one place.
8. By the week end the trader are mentally exhausted and by Ilango Sir posting we all get charged and it helps in bringing some balance in us which is essential for proper "Trade management"
9. I can keep enumerating the benefits of this blog and Ilango Sir contribution to many people lives but there is no end since the list is endless.
My sincere request to N. Ram ji, instead of finding fault with this Blog better you spend time by helping others with your system of trading so that people can be benefited.By posting negative comment about this blog you are doing disservice to people and insulting the intelligence of the members who are following it religiously.
Last but not least I wish you continue to make money as you made today and share your successful method with others if not in this blog.
Wish Best Wishes
Illango Sir,
Is there a "Broadening top with partial decline " pattern in Nifty chart , more clear in Nf chart.
i saw this pattern in this link :
http://www.thepatternsite.com/bt.html
respected sir i respect kumar sir a lot but since i made lot of loss because of not understanding market properly i use to get some idea about market by knowing his guidelines towards the following day but know his services r paid once and i cant affort it. bur redarding u u help people guide people without having any materialistic intention u r angel of god sentd by him for people like me who need guidence. dear ram pls try to understand.ad respect.
Namaste Ilango Sir & Blogmates,
Bullish: Bulls showed that they were never out but was just taking a breather yesterday, to come back strong and just rolled over the running Bears. SMR again below 10, better to book profit in longs or suitably hedge position...: Option Analysis for 17-01-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Master n Fellow Sr Members,
It is really a gratifying experience being a reader of this blog. I sincerely thank for the drive taken to share ones invaluable knowledge for the benefit of the budding traders like me.
I am learning a lot from this blog. I am trying to sustain the profits based on the golden phrase of my unacquainted Master Mr.Ilango, "GET RICH SLOWLY".
I am nowadays become addicted to this blog. I am much happier to continue this addiction. I shall be much obliged if i am sent an invitation to the JN google group.
Master do consider my earnest request moreover if it is feasible for you to share your TA EXCEL file kindly mail me to drdinesh@doctor.com.
With warm regards
Dinesh.Palanichamy
Hats off Jayaraman Ji!! You had captured all our feelings!! There are so many silent beneficiaries here!!
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