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...
28 comments:
If Nifty Spot Touched 5840
Pivot Traders can consider
Camarilla L4@5826[SELL LEVEL]
& L3@5849[BUY LEVEL] after their
own studies.
Better avoid trade till tomorrow unless we see some strong move.Its my view.
Namasthe ilango sir and friends,
Today's quote received :
No amount of guilt can change the PAST
And no amount of worrying can change the FUTURE
If you keep worrying about your past and your future, when will you enjoy the present?
still after news euphoria no liquidation seen still now in 5800 PE
GM Master & JN Family,
Expect for WkLo & Mnth to save trend on Wk & month, the TT is slowly turning "RED"
have a gr8 day !
5788 is very imp level if it breaks then..
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5915, S1-5862, R1-5950, ATP-5927, VWAP-5927
Bears are well placed at 5900, but not aggressive enough, maybe waiting for the BIG EVENT tomorrow, Bulls holding onto 5800 till now…
Thanks & Regards
@Ilango sir,
Where is the invalidation point of green 5th?
http://i.imgur.com/TGsGEIK.png
http://i.imgur.com/vopOyPg.png
@ Nilesh Patil,
I have considered a retrace below 61.8% of the last rise from 5664 to 5971 as the "invalidation point" for the "Green 5th", though one could be flexible around that point.
A 5th taking "so much" time does not conform to standard impulsive character of a typical 5th.
@Master,
Thank You for your guidance.
can ns c 4809
good morning sir
sir
is it posiible that corrective B completed at 5971.
and C started with 5 wave which of sub wave 1 and 2 completed and 3 is running?
@ Suresh,
You seem to be in a "predictive mode" continuously.
Please do not litter this space with wild guesses.
sir ji,
these r not wild guesses.
they r based on tech.
sir ji,
i am following
@Master
can u pls brief what is "Green 5th", for the benefit of the uneducated like me.
Thanks
Ranbaxy: after a big rise correction is taking place.
VIX index climbing up
Dr.D (Dinesh Palanichamy) said...
to save time and energy of the Master:
download Nifty TA file and consult the daily charts, for clarity on green fifth.
@ Suresh,
If you're following, you'll never ever again post such stuff even if technicals show a "possibility".
It just leads to misunderstandings to "learners".
"Possibilities" always exist.
We must trade based on what the prices show presently in the Hour or day or week based on the time frame one has chosen.
Remember this always: we are not trading the same market that we studied an hour ago...a day ago..or a week ago. It is always changing and hence we set certain disciplined approach to deal with such ever changing market and attempt to capture some "low risk-high reward" trade set ups.
I hope you understand this and not allow your ego to "fight it out".
I have nothing more to say now.
sir kindly guide me please
@ divya thakor,
It is possible. And such a possibility is marked as "X"(Instead of B) in the hour chart.
TataMotors: seems a rounding top formation is in place.
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