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...
62 comments:
Seems some recovery (corrective) possible.
Now no threat to 5660...5600 PE OI increasing fast
Towards 5688/5693 at least.....
Namasthe ilango sir and friends,
Today's quote received :
Education is not the learning of facts,
but the training of mind about our thinking.
-Albert Einstein
can anybody tell me current intraday low of nifty,thanks regards
OM SAI RAM
5665.6 a/c to my chart.
5663.6
@TT users
If anybody have nifty spot 5min, plz post in the group.
My Trade tiger not showing it. I think its a universal problem.
5663.60
@ parekh..
5678.10 NF
Anil
Change server the problem has been resolved.
thanks all of you
OM SAI RAM
Gm to master & all : Psl post post exact values for NS for 1st hr closing @ 10 am.. OHLC with decimal figure...thanking you..SK had problem for spot values..
i am facing issue with moneycontrol
on refreshing page of moneycontrol which displays nifty spot values, even at NS 5675, its showing 5679.90 as low
that s why
OM SAI RAM
Keep the retrace for 5721 to 5664 to manage the trades of intraday.
@DR,
I tried that too, but data values from 9:20 to 10 still not showing up.
The plotting is from 10:05 in my terminal...
NF + ww hrly..chart being attached ..http://wikisend.com/download/923432/NIFTY%2028-Mar-2013-%20040313.jpg
To get Nifty prices when "Google" is not working,
Go to
http://www.investing.com/indices/us-30-futures-advanced-chart
Click on "Majors" in the "Blue band" and click on "More instruments" at the bottom of the "Pull down menu"
Choose "S&P CNX NIFTY" after scrolling down. Now click OK.
You get 1min,5min,15min,60min,5Hour,Day, week, month.
OHLC for 1st Hour:
5,704.70 5,712.00 5,663.60 5,672.20
Master : thanking you..for retrace you have mentioned 5721 . will pls let explain why 5721 but not Friday high 5739??
GOOD MORNING MASTER AND BLOGMATES
@ Atharva,
5739 to 5708-(i)
5708-5721(ii)
5721-5664(iii)
Hence, the retrace of 5721 to 5664 to initiate trades for intraday.
Its almost done 5688.....
anybody have clue ?
today morning when sensex was trading at 18893, nifty showed a trade at 5303
i have screen shot, anybody wanna see that screen shot, please post ur mail address
OM SAI RAM
20 points intra...as said 5660 no threat
Rochakji : will you pls post it in group..thanks
let me see, how can i do it, meanwhile, please suggest me, how to do it, i am not so expert in these matters
OM SAI RAM
Master : thanks, Got it..
sir - but there is much price difference between "investing.com" Vs "google" :(
11 am - google 685 investing - 675
raja - yeah right..5 mn. charts already started the upmove..now 30 mn. "trying to do" but i feel recovery will come slowly. NFuture didn't breach 675 hence may try to touch onceagain 720/30 then it will decide further becoz that's "tea snacks time" for me and "nifty" :D
Now "sanku" ready???
And 5693....here it is
Rochakji: go to this link.https://groups.google.com/forum/?hl=en&fromgroups#!forum/justnifty
click on new topic attach file..
Halted @ 50% @ 5693
As per EW.....timewise from 5549 low timewise 50 % correction over... i think....so now trending for few days if 5660 protected.....
http://www.4shared.com/photo/7XTDWIs5/nifty_5303.html
let s see if this works
OM SAI RAM
When the prices are trending down in 3rd wave, one should wait for 1.618 times of 1st wave as a minimum target(it could go down more too)and then look for a "reversal candle pattern" along with +ve divergence to appear in "Day T/F" before venturing out to attempt aggressive counter trend trades.
@ master.Is the same applicable irrespective of the trend.......?
a small bearish WW developing in ns 5 min charts
trgt 5677 near 11.45am
cmp 5687
@ Sujatha,
I explored "investing.com" today and I found it "delayed" and the timing does not match with Indian timings.
However, the chart helps though there is a variation in prices.
can anyone pls suggest whether i should go for call or put option in nifty trading not able to figure out by looking at the charts and need to recover a lot of money for today..
@ Manish,
Generally 3rd waves are bigger than 1st wave but never the smallest of all.
When we spotted the "irregular 2nd wave", it suggests the impatience of bears which is a very bearish sign that 3rd wave would be bigger than 1st and it did surpass the 233 points. The next logical target is 1.618 and the same comes closer to 200sma, presently @ 5548 & rising everyday by 4 points.
You could apply to any prices but do not be rigid with targets if the prices reveal new clues.
Rochakji : it is there..thanks..
dear i lango sir
YOU SAID
" a february close below 5812, will indicate a move down to 4440-4300"
SIR
do u stick to your views
thanks
regards
OM SAI RAM
thanks master
How can any of your student be rigid with price or in thinking ???
Always learnt flexibility from you......
Someone asks: What did you gain by Prayer & Meditation???
Swami Vivekanand's ans:- I gain nothing,
I Only LOST:
Anger, Depression, fear, Jealousy, Irritation & Insecurity...
@ rochak parekh,
Closing below "5812" has generated a monthly "Sell".
The month channel support comes around 5350 approx.
Break of month channel would indicate sharp falls. Also a close below MLEma also would reveal "downward momentum" of month scale.
any predictions of what level will nifty close at today?
Ilango said...
@ shriram,
Pref. View: A corrective "ABC" for the 6339 to 4531 is completed @ 6112 and the next phase of correction(Big C) has commenced targeting 4400. Within this fall, 1st wave done @ 5854 and a bounce is on.
Alt.View: If 5823 is protected, another attempt at a new high is possible, after which "Big C" to commence targeting 4550-4700.
February 19, 2013 at 11:33 AM
"
please react
and also suggest us the negation point also for ur preferred view, mentioned above
thanks
regards
OM SAI RAM
@rochak
thats very interesting and scary too..
someone else has commented on freak trade on bank nifty ..so it happened in both indices
its a nightmare for small traders
@all
indices showing oversold conditions on weekly charts ...but volatility is too much
however risk reward as per my analysis favors longs
regards
ak
thanks master
i did not see ur answer, before i repeated my query
at the same time, kindly also suggest us, any negation point too
thanks
regards
OM SAI RAM
P.S. - kindly add me to the google group, just nifty, thanks
sirrrrr - thanks for the reply. "The month channel support comes around 5350 approx." rochak said the figure "53XX" :( prior indication??
ethan - u said u lost something??? Y again gng for "prediction"???
Thanks for your concern sujatha,i've totally lost it,looking at no's since morning and cant decide whether i should go for call or put option on nifty,since its been nearly 40 points down since morning and i just wanna recover the money i lost..Any suggestions for today's trading?
On downside 5581; 5535
@sujatha
which charts u use for intraday 5 min,half hour realtime quotes
regards
5677 done egzzzzzatly at 11.45
tech pattern rocks
By fibonacci nifty INR 5755 INS 5652
nifty futures 200 dEMA 5674
a small bullish WW developing in 5 min charts
possibly ns may dip towards 5673ns to form pt5
pt6 will form near trgt price of 5695ns near 12.40pm
cmp 5681
sujatha i'm leaving the blog,so could you pls mail me your reply
ethan.hunt007@gmail.com
take care
dear ethan
desperacy towards this lost money, and then desperacy to recover the loss, leads one to take irrational decision and finally a wrong trades, in hurry , without getting any signal from the market
kindly restrain and refrain from the same
divert ur attention somewhere, at any website, at any television show, or keep reading jn posts even, YOU CAN EVEN try to go for a movie even, an airconditioned theatre, will chill u a bit
and then return to the market, with a cool balanced neautral mind, without being a bull or a bear,
everytime u make a loss or profit, u got to forget it
sorry i went too deep to suggest u, and if i talked ( written, in fact ) too much
OM SAI RAM+
ethan,
i would like to tell you to take a break. go for a long walk , may be go to a restaurent and have some chai.
the 10k you lost can be receoverd, but no need to be in a hurry. If you hurry you will loose more as you are in a loosing trend now.
what will help is a deep breathing and a break. best is to go for a movie or watch cricket.
forgive yourself for the losses and relax
If one makes 50% loss on his capital
to recover that loss he has to earn more than 100%
100 50% becomes 50
and again to make this 50 to 100 you need to earn 100% + brokerage.
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