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...
15 comments:
Jai Ho! Jai Ho!
Sir, correction.
Closed below Tuesday's pivot 5889.
LV
Dear sir, Is it possible to add 50,100,200 sma in TT ?
Today I have mistaken pull back as short term bullishness twice. Market in downtrend and today market opened close to the first resistance region. I considered it as bullishness.
Secondly when market crosses 5910 around 2 pm, I thought again bullishness. I should have waited for at least moving up 80% retrace of 5931 to 5873 NS.
Failed to analyze.
I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.
Namaste Ilango Sir & Blogmates,
BEARISH: A strong opening saw the Bears swinging back in action to get a new low for the series but the Bulls came back during the dying minutes to pull back much of the loss, Sell on rise continues..: Option Analysis for 10-06-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Sanjay,
No doubt...Bears have upper hand...nevertheless NF O.I.hovering around 1.20 CR.with oversold Hr.condition has hidden potential to surprise market participant,by going up to JNSAR,if 5850 shall be saved in the first trading session...Market is supreme,so let us see tomorrow...GN..
ilango sir
How to trade when we are in position where two option a 3rd wave up and a 3rd wave down as per ew with low nf oi?
vksoni,
I think the only way is that take position as per your study and reverse as required. Today I did wrong by taking long position twice as per understanding and then took short as per my understanding the market. This short reduced today's loss to 30 points.
Sir will enlighten you more.
नमस्कार मयांक भाऊ
अगदी मनातले बोललात
a small +WW developing in nifty 2 min charts
may dip for a lower low near 5850-42 range
trgts near 5950 till wednesday
strength abv 5898ns
GM Ilangoji & all blogmates
Intra day: sell at 5888 sl 5898 target 5800
Positional Trade: SAR at 5952
Trendline support in day/hour will be broken below 5850, will take the orb cue for intra day shorts
orb sell below 5850 sl 5865, trendline broken
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