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...
102 comments:
Sell Zone : From 5964.9 to 5986.65
Breakout above : 5991 (stop loss for intraday shorts)
Breakout target : 6017.1
Courtesy:-- Niftyrange
Nifty in ND Sir's ATR Sell Zone now.
Guru
how well does it work, the ATR signals, what is your experience?
The suggestion to present your pre-mkt views and trade plans id to enable you to be independent.
Let no one use it to "lure" away innocent readers.
This should only be a learning experience and early stepping stone to success.
I want every reader to be aware of this and do not subscribe to someone because he has shown success here. There were few complaints in the past.
Please beware of it.
59PE OI now > 78Lacs ...
5970 /92 NS is the game-changing level now for steaming bulls .
EOW close > 5992 will turn up Wk
sorry was away for an hour congratulations dear prashantji on your mornings analysis I was wrong , shorts got stopped out at 10 points and went long there above pivot and exited in 20 points profit , a great learning experience , many thanks to you and dear sir
5937-5940 NS level to be watched for re-entry/breakdown.
Note - I am a novice trader. I am posting my thoughts here to strengthen my confidence & learning. There is no other intention. DO NOT FOLLOW ME.
Illango Ji - Kandippa nan indha vilayattuku varulla :) actuall ah, nan ippo intha Techtable oda rules eh purinjikitean...:)
Blog Members,
Can anyone put up the re-tracement levels till 5972?
Thanks,
Renju.S
master,
C.iii / 1.iii done , c/1 from 5887 NS ?
Dear Sir Ilango
your intentions are pure and sublime! we should be able to become independent.
regards
Parimal -- Best is ND sir's view directly.. i am novice learning step by step...
Respected Ilango Sir,
How can I check latest hourly % Ema and HrJ10SAR when you are away or busy.
Regards
Arvind
Respected Ilango Sir,
How can I check latest hourly 5Ema and HrJ10SAR when you are away or busy.
Regards
Arvind
if ns hold 5959ns then a sharp upmove may be expected towards 6050 till monday
koi badi baat nahi agar aaj hi aa jaye..............
chhoti si aasha
cmp 5956ns
Renju,
Nice link to calculate retracements quickly.
http://www.investing.com/forex-tools/fibonacci-calculator
renju,
23% 5953 38% 5940 62% 5920 80% 5904
i guess they are deliberately showing res at 5971ns
to invite more shorts
bakra bana denge
Thanks Rose Mary and Ramesh.
provide the service........share market tutorial
@s4s lol i agree... nifty trading above 21hr
BN forming a beautiful Cnh ,
B.o > 12,450
tgts: 12,700 / 21,850 anyone ?
**correction
tgts: 12,700 / 12,850 anyone ?
ns sustaining abv 5942ns till 1.00pm may develop a small bullish crossover of emas in 30 min charts
5942 is 55ema in 30 min charts
ns at 5942 now
Sir
Request u to update chart hema of 1 pm
Thanks
GOODNOON sir nd friends :)
Julius - hi hi hi for .......??? i read comments..smiled... going off.. yennavo yippathan expiry mathiri market behave pannudhu.. ha ha ha lollu ppa lollu .. just for fun.. i will post one link check it for
in line with ...........
bye
@ Julius - did u remember the comedy "Vaamaa Minnal" . It happened just now with sujatha. Said Goodnoon like flash said bye. Just for jun only don't take it serious suj sis
Bakra kaun bana?
s4s u give so many figures which is definately lureing to get stopped out . i know i am suppose to check myself . but master to have trust on u
Power of higher T/F...
Jai Ho...
master words --Let no one use it to "lure" away innocent readers.
This should only be a learning experience and early stepping stone to success.
I want every reader to be aware of this and do not subscribe to someone because he has shown success here. There were few complaints in the past.
Please beware of it.
Nifty gives up 40 points from ND Sir's ATR Sell Zone
5939-44 range may be some res to upmove now
abv it some strength will return
nifty did .61.8 i.e. 5920 of entire rise and rising again.... resell area shud again be 5971-72
we dont know in what attractive disguise a 'lure' may come to distract us! Beware!
@s4s..why 5939-44??it supported th fall thats why or...........???
'Lure"-- i keep on watching recommendations of a famous broking house, 85-90% of recommendations hit SL or failure!
alert - make or break -
38.2% retracement from the high @ NIFTY FUTURE
roller coaster
Shriram,
Flat correction done from yesterday low, a=5868-5956, b = 80% today low and c=a ( almost)
your view ?
Is it Equity market pulling down dollar or the other way... Dollar at 57.10
Chetas,
Purely EW wise : there r many many options !!
1. 5870-5973 seems a ZZ to simple eyes
or
2. can be doing an Expanding Trig. from 5870 ,
"d" done & one more way up to 5970-92 ??
3. New Impulse from 5870, 3rd from 5887 is playing is 3.ii as 5973-5914 ?
4. This whole upmove was just a corrective WXY & a New Downtrend < 5870
So EW lables play mind games :-)
To filter, lets look @ Hi-Lo & OI
1. We r trading > DLOEMA & Dev.Wklo EMA
2. 59PE OI is adding, huge qty intra
Best wud be to buy as close to Dev.DlO / WkLo wid small SL , is the feeling
"5920-30" is the 61.8% & 50% of the current rise till 5973.
"5904" is 80%.
Plz break 5900
@ Shriram,
Thanks for the details :)
@ Shriram
In supp. of your view. Is this inv. H&S pattern on NS hourly?
5916-5982-left shoulder
5982-5869-Head
5869-5973-right shoulder
I am nt sure on this but can you please confirm?
5869-5957-5887-5973-right shoulder (although its a weird shoulder)
@Shriram,
5900PE OI is at 81 lakhs. This is holding this market ...but what if this level breaks. Then we might be on express highway.
Missing Mynac's Expert View on OI
prakashbkc ---Looks 5900 sealed for the day.. 13.87 lacs added in OI
sanjay sir, has also no updates today on OI
Hi Sahil
hope you dont mind if i answer about H&S in Nifty hrly. please read one of the the criterion of H&S, it should occur at the bottom or top of the chart to make it a valid one. this is not the case at the present moment.
NF currently < VWAP 5,945.02; but with strong addition in 5900 PE.. can this hurdle be broken??? <5914 is def a concern
@ Sahil:
possible but rather feeble pattern, if seeing NL as line joinin 5935-5956, then ENTRY for B.o trade is only > 5970 NS
Simplest view is a ABC Flat/ ZZ type form, as
a 5870 5973 103
b 5973 5914 -59 -57.3% ** in play
If Dev.Dlo / WkLoEMA holds,
the max "b" will fall is to 5896-5905 > 80% xa
If we see this level on NS & OTM PE OI is stable, it will b best place to go Long,
@ Parimal dada: Sahil meant Inv. Hns :-)
@ Aim Nifty:
tats y , small SL was mentioned.. never know which wave is playing out , so we have to time Entry v close to Higher T/f support if trying to play contra!
but yes 5900 put OI is more than 80 lacs and 6000CE has added more than 10.5 lacs in OI..so the day presently seems to be poised between these two levels....rest i have no idea about interpretation of OI
Does BN qualify for double top on hourly? Yesterday's high: 12475, Today's: 12488... Any views?
@ shriram
Beautiful explanation in integrating time frames
yahi adaa to kaatil hai jisne humko mara hai.....
P.S. market ki :)
Renju S :
I don't think its equity. In fact equity will get benefited from it due to cheapest rupee.
Dear Shriram Ji,
How can we calculate Hr5Ema and J10 SAR when Sir is busy.
Regards
Arvind
Dear Suraj:
For "n" period EMA(new) = CMP *k + EMA(old)* (1-k)
k=2/(n+1)
1st value of an EMA = 5SMA of prev 5 bars.
So, pl open TT and enter the values & see.
J10SAR = 10EMA of close price of prev 10 bars (u have not mentioned T/f)
5hrEMA = EMA of close price of prev 5 hr bars
100 Days EMA acting ; will it make or break time will tell.
Hi Shriram
thanks for your attention on H&S.
Inverted or otherwise, head-and-shoulder carries validity if they are seen at the top / bottom of a chart.
sanjay sir,
any clue. from OI data
@ ShriRam well explained, thank you, but i would rather wait for Agressive JNSAR to trigger (dont want to make a habit of switching rules.)
@ Parimal yes, ur right H&s ( or inv.H&S) is always either at top or bottom but if we give a closer look this inverted H&S is near the recent low of yest. (5970) but then again it may be a feeble one.
Dear Shriran Ji,
Thank you Shriram Ji.
It seems to be too difficult for me, a layman to know the values and calculate them. I trade according to your advice When 5 HrEma > HrJ10 SAR= long and vice versa.
Can I check it from google finance if required, when Sir is away.
Regards
Arvind
Ilango ji:
Ur Pref view pl ...
is today's fall a ZZ /corrective to prev rise ?
Breach of 5918 (61.8% level of the last rise) and 5916 will indicate intra day reversal
Suraj,
5-10HrEMA xover is good for mechanical traders, but from Signal Processing angle has ltd. performance in HiFreQ Whipsaws
if following 5-10Hr Xover , pls trade each & every /all triggers, to be on wining side net-net
Else if u want to drill down into maths & get better entries for CONTRA , pls read ROCKET SCIENCE for TRADERS by EHLERS
DearShriram Ji,
As now mkt is volatile, I need to know if @ 2.00 PM J10 SAR has gone below Hr 5 Ema. If possible, can you calculate for me or any other solution.
Regards
Arvind
Dear Shriram Ji,
This mechanical method has given me good profit and confidence. And it is easy for me.
Regards
Arvind
Another triangle in the making anf om to e wave now.
Breakdown more a possibility.
But wait for the verdict
Kindly any JNmate tell 2pm & 3pm hr J10SAR & HrJNSAR value if possible
Ok Suraj.
Master: pl share ur pref. EW view pls. will give confidence
wud u recommend entry near wkLo or better to wait out sir ?
Ooops triangle breaks in a min
breakdown below 5918-16, 5904 is 80%,
blow that we may see last half an hour carnage
Ilango said...
New Post Done.
=====================
Will be away for PM session.
=====================
June 7, 2013 at 12:05 PM
Thank you Shriram Ji. :)
Triangle b wave targets 5870 at least.
next support is near 5850
Chetas,
Abc flat will come to play if we get sub 5890...
and new downtrend will be confirmed if b> 104%xa = 5866
(St. MnEMA @ 5865)
better to wait
Sliding down
Watch between 85 and 90
it might close below week low ema at 5896, last half hour is the struggle for that area
closed below hour lema at 3 pm
Bulls will change clothing below 80
Shriram,
thankyou, this move was very difficult to trade, week trend asserting in the last half hr,
shorted at highs, but managed the position badly, ended up booking loss on both shorts and longs :{
Nifty from ND Sir's ATR Sell Zone to ATR Buy Zone.
Jai Ho !!!
yup, looks like we will get a close < WklO
Anything < St.Mn & it will be time to convert firm view to Short all rises !
5889(80%)retrace from 5870 gone.
Radhe Radhe. :)
It might break and settle below 50 DMA today itself
50 DMA at 5873
5900 put OI decreased by 6 lacs in last 30min
Avg cl - 5891 ? below to Week Lema?
ok, so lets summarise
EOW close 5892-93 just < WkLoEMA , > St.MnEMA
59PE OI shed 6lacs, but still the highest OI in June series
Bears will rule < 5865 , if seen next week,
Bulls need to take out 34DEMA @ 5973 (where it reversed today) ASAP !
have a gr8 weekend , bye all !
It seems US job data come +ve If one misses today NF selling one might attempt selling S&P 500 US in NSE but be cautious S&P 500 is just above 50 DSMA in last 1 yr it has taken thrice support there
Triangle target done to the point.
Time to stop for the week
Avg close as on now at 5884, below dlema and wlema
Jai Ho
Great post. Thanks for sharing.
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The strongest support for nifty rests at 5853. A close below that will open door to huge downtrend. Hence thats the last level of support for any bull now. Similarly biggest resistance for bulls is at 5994, any close above that will bring bulls back in power, the midpoint of this is 5947, only sustained closings above 5947 will bring bulls back in power, sustains closing below this will keep bears in power. So it is a wait and watch game. But several technical indicators are in the overbearish zone too soon. which means an upside is left.
As well as we have gann pressure date on Monday (10th) & Thursday (13th). Hence any swing shorts should book profits if nifty closes above 5947.
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