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:
Is that true, the samajwadi too withdraws it support to UPA.
Its just a rumour, nothing FACT...
beg ur pardon for the earlier post.
Thought the JNfmly would be benefited(alerted) on the issue.
Vry sry master.
Nilesh ji - if u don't mind..."ladies first" policy pls..
Suja sis,
i am smelling recovery till 5785 in nf.
Do you?
Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see Fibonacci relationships below). Volume is well below than that of wave three. This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.
if 4770 to 6112 is 'wave 3'
'wave 3' = 6112-4770=1342
'wave 4' should be less than 38.2% of 'wave 3'
i.e. 1342*38.2%=512
6112-512=5600
If 5600 holds 'wave 5' is possible according to above theory of EW Principles.
EW- http://en.wikipedia.org/wiki/Elliott_wave_principle
Goodmorning ji and all
nifty intra resis 5767 and short term resis 5802.
@ ankita
termination point for wave 4 is 5630 i.e wave 1 top.
ns should not go below that point
Namasthe ilango sir and friends,
Today's quote received :
Life is Beautiful
One Day
One Hour
One Minute
One Second......
It is not going to come again
So please
Avoid Fight
Avoid Angry
Speak Lovely
Spread Smile, and
Enjoy each moment.....
For NEWBIE's: Never even focus on any other comments in this blog. Only watch for JNSAR number in price for trade. Do not get distracted by any other comments. ONLY JNSAR FOR TRADE.
Thought of the Day:
Focus on one study is making learner from distractions..
Success is not so easy...
It requires lot of practice, faith, discipline, self-studies and patience.
@ Ankita: EW also says that Wave 4 shouldn't enter the territory of Wave 1 (Have a look at the weekly charts)So accordingly, 5630 is the negation point and not 5600.
Follow and get rich slowly
@ RAJAPVT, nwebie's will see everything, should follow jnsar finally.
சுஜாதா - எனி மார்க்கெட் ஐடியா? மை சிஸ்டம் இன் பாஸ் மோட்.
SPOT Hr.Low.EMA@5735
looking at the graph i think the market is in impulsive mode..Master am i correct?
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5786, S1-5702, R1-5835, ATP-5739, VWAP-5739
CE writers are in no mood to give any chance to the Bulls to get back, huge addition at 5800, which now looks like a very good resistance for the day and Series…
Thanks & Regards
Julius - mm..ஆனால் எனக்கு கொஞ்சம் மோசமான மூக்கு என்னவோ வாசனையெல்லாம்(யோசனையும் கூட) வருது நிலேஸ் அடமா அடம் பிடிக்கிறார் 5665 வேணும்னு (விடாகண்டன்!!!)நம்ம தாத்தா கருணா கருணை கூர்ந்து ஒரு அறிக்கை விட்டார்ன்னா தற்சமயம் பிராப்ளம் ஓவர் ஆகும் ஏற்கனவே ஸ்டாப் லாஸ் விப்ஸால ஓடிக்கிட்டு இருக்கு தாங்கலப்பா
dear sanjay jaiswal..
i noticed some of some of new traders express opinion on some options and seek guidance from this forum... it will be great help if you also answer their questions... only if you are comfortable.
KM
will wait for jnsar buy signal to enter.
Good Morning Ilango Sir and friends.
Suja sis,
is ur word meaining:
ஆனால் எனக்கு கொஞ்சம் மோசமான மூக்கு என்னவோ வாசனையெல்லாம்(யோசனையும் கூட) வருது நிலேஸ் அடமா அடம் பிடிக்கிறார் 5665 வேணும்னு (விடாகண்டன்!!!)நம்ம தாத்தா கருணா கருணை கூர்ந்து ஒரு அறிக்கை விட்டார்ன்னா தற்சமயம் பிராப்ளம் ஓவர் ஆகும் ஏற்கனவே ஸ்டாப் லாஸ் விப்ஸால ஓடிக்கிட்டு இருக்கு தாங்கலப்பா
The nose looks a little bad, but I vacanaiyellam (idea too) am adamant atama 5665 niles think (vitakantan!) Our grandfather over Karuna Problem is graciously present a report vittarnna Los vipsala otikkittu stop is already tankalappa
Namaste Dear Sir and all friends
Have a nice trading session
5971 to 5792 fall took 19 hours.
5946 to 5706 fall has taken 20 hours. - Almost equal.
There are two possible corrective scenarios:
1. Holding 5715-20, it could rise towards retrace of the last fall--WLEma/DLEma. Capturing LEmas @ EOD is crucial.
2. It could fall towards 5690 and commence a bounce.
This is meant for "Intraday traders".
Below "5735-40", weakness continues.
சுஜாதா - 5665 க்கு கொஞ்சம் ரெஸ்ட் விட்டா என்ன? ஒரே நாள்லயேவா. இப்போ இறங்குது. இருந்தாலும் L3@5708 ஐ நம்புறேன். PA இன்சைடு பார். வெய்ட்டிங்.
Julius - nifty "bongu attam" aduthunu ninaikaren yarukku aappu vaika pogudho??
OK...taking a break
NF: price near earlier low -- 5685.
Alert For Aggressive Traders:
Nifty Spot at L3[5708]
Bouncing Point.
Others Wait see....
not beleive in news, i depend on price action.
For Safe Traders:
To take Position Against trend like L3/H3
trader should confirm reversal using TL in
smaller T/F.
@Ankita,
//not beleive in news, i depend on price action.
Great Words.... Good Approach...
@Master
NS 5720 is break above PINBAR?
read in T/F 5mins
@Sujatha sis,
pls leave nifty for my no.
@Nilishji,
Before that give me an opportunity scalp.
Thanks in Advance. ;)
Bank nifty breaks low of feb 28...there might be chance to see again 5665 ...need to have very cautiously in teh long...
New Post Done.
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