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:
@mmarketman
whom he was referring? i asked you? why r u taking interest?
either You ask or give answer.
@all
Kindly do not spoil atmosphere here by criticizing anybody directly or indirectly.
Can see a negative Divergence play here??
Shriram,
Double bottomed, CNH with island reversal !!!
Even though there is upward movement, CEs donot look buoyant
Nifty DH just below 5DEma
chetas
hahah... combo pack :-p
@ Master,
EW eyes:
If 5789 Ns holds, can it be construed that "A" has been done with A.v having played as an ED today intra?
Mr.Jignesh,
Do not waste time, this marketmen is most shameless person. Ilango is not well & he is trying to let down him though his own contribution is nil.
Mr.SUNNY,
Hold your tongue, Jignesh is one of senior most persons here and he told very correct thing in right manner. He never talks wrong here dat everybody knows. You are using this space for wrong purpose, learn n earn here.
Indian WPI (YoY) - 4.70%
mmarketman, sunny are third rate mental personalities with no other work than criticizing others. They behave like dogs who are kicked out but keep coming back.
@ shriram,
From the "5683" lows, a 5 wave may be completing now.
And it coincides with 200dsma-5795.
A pause for a couple of hours possible.
Let us remember that a ST reversal possibility starts in hour T/F.
Let us also remember that weekly trend still remains "DOWN" with its LEma @ 5825. If it remains so till EOD, this rise would play itself out by middle of next week.
Nifty facing resistence at 5DEMA 5785
@ Students of JN,
Please ignore "mmarketman & his ilk" - they are out to disturb the sanctity and decorum of this blog.Their objective is to stop the learning process of retail traders like you and me.
They can never be destroyed as we are not dealing with one single person. They are a team of goons with perverted minds.Five years back many of us might have been following messages in money control. Can it be done now? Why? Coz "mmarketman & his ilk" have destroyed it.Money control is just one sample.
These destroyers are voracious and insatiable. They scan for sites where free live education is imparted by noble souls and launch their attack. Their strategy is to target the author or one of the well respected members. They feed on the responses that they get and thrive.
They will comeback again and again because they dont have feelings like shame, guilt..to name a few. Make no mistake "They cannot be destroyed or shown the door or wished away". The only weapon that we all possess is to ignore. We have to use it at all times, even if one person lowers gaurd they get more strength.
Please treat this as an appeal to all JN Blogmates, please "IGNORE" this evil. It is our only Lifegaurd.
Lets learn slowly and quitely.
Master,
Apologise for making use of much space. Felt I have to share the little knowledge that i have acquired.
Regards
Well said, Gita...I'm sure, it is on behalf of everyone here.
Let no one complain here............
Let no one explain here.........
If there is any explaining to do, let it be to "dispel one's ignorance on technical studies & trade related" only...
People grow up in one place and move away once the purpose is done.
They keep revisiting to update themselves or share what they have gained.
Let us not attribute any ulterior motives to these people who have chosen to take such jibes quietly.
Any one uses their services do so on their own choices and are free to stop them on their own choices too.
Period.
Thanks Master.
@ Shriram,
The alt. view could be considering the "just tirning up day T/A", the rise from 5691(iiird sub wave) may be sub dividing for more highs ....WLEma..?.
Well said Gita. Kudos.
Ilango Sir,
You said"Let us also remember that weekly trend still remains "DOWN" with its LEma @ 5825. If it remains so till EOD, this rise would play itself out by middle of next week."
How do you identify the time period?It also coincides with RBI date.
Pl explain.
Regards
Dear Sir
If closes above 200 sma and 34 hour sma today but still below WLEMA how do we deal with it?
yes Master,
looking @ PE OI , if 5DEMA @ 89 is unable to hold, guess the next tgt is 5825...
sir ji,
what if stock is < 5d=lema but still > hr lema.
is it likely to touch hr-lema in general
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, Pivot-5712, R2-5732, R3-5777, ATP-5773, VWAP-5773
The 5800PE writers making sure that the low of the day holds, and the 5700PE writers making sure that the Base is in place for the series…
Thanks & Regards
Dear JNmates,
Kindly anyone tell me the site which can provide Or where one can plot US S&P 500 / Dow chart showing daily. High ema Lema, weekly Hema, Lema
@ Lakshmi ,
It depends on your trading style.
An ultra conservative trader would wait for Week to close above WLEma to intiate a cautious long.
Most follow Day & Hour combinations as these produce swings of 150+.
All the critical levels can not be crossed in one day. We say that the rise would continue into middle of next week because of "Oversold readings & potential turning up by EOD considering the strength in Hour TA".
Whenever these vital factors which compel one to initiate a long trade gets negated or prices do not sustain 61.8% of last rise(presently the last rise is from 5691 to 5792 @ 5730), one should either abandon the trade or reverse them.
Thank you very much Sir
As per EW, "5884", end of (i) wave of iiird wave is critical to signal a reversal.
around 5800 there are several crucial numbers
master thks for fast updation
@prakashbkc
try this
stockcharts.com/h-sc/ui
5781 is 55ema in 2 min charts
since open nifty has not given a break below 55ema in 2 min charts
but have been tested twice since open
will it hold for third time also or will it succumb under pessure?????????
master pl explain if possible--
As per EW, "5884", end of (i) wave of iiird wave is critical to signal a reversal
master 38% @ 5793 cleared?
sorry master we have not cleared firmly.:-(
--> back
small -WW on intra candles, if DEMA holds.
Not tradable.. obsv only pls
tgts: 5760 / 52/39
@ sandeep,
The fall from 6134 has unfolded so far in 3 clear waves (Refer the chart above).
If the current rise is the (iv)th wave, it should not breach the end of (i)st wave-5884. If it does, then the relabelling will make it a corrective fall of "abc" from 6229.
This observation helps us to take a larger view of the market. Hence, pointed out the relevance of that number.
("5870" could also be taken as (i)st wave but to avoid any mislabelling, i have taken a higher no.)
Thanks a lot sir
ok.. so the -WW angle is out..
Just see the 58PE OI Add, mind boggling !!
thks master
leader is now up,R for Reliance
May be start new uptrend
correcting mode in downtrend OR Island reversal ??? In upside 5862 fibonacci retracement.
New Post Done.
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