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...
25 comments:
Friends, how many of the blog readers now able to trade in the absence of intraday comments from Master (not about the updates in chart/TT table). How many of you miss Master updates and unable to continue trades?
Prakash: not about missing, I too miss Master. But are you able to trade like earlier?
I miss a lot.
In absence of Master comment it is like going in woods with blind eye. Like going through woods with use of nose & hand only
Kindly Master plz do provide ur valuable input
@rajapvt
frankly speaking ilango sir unlock some clues during intraday through comments......i terribly miss that.......i dont know why sir has stopped, due to becoz of some bad noise!!!, if so, its not fair, becoz sir has seen lot of chaos for the past 20 yrs and he is very much psychologically strong person.......then, i dont know why this silence?.....
its(silence) his personal.....
reg
saz
Pardon me (Also as a new comment contributor) if anyone finds it a strong statement :
I feel, this way- keeping lesser comments, hourly/critical inputs only- he is helping us help ourselves and this will also separate men from boys OR rather help boys grow to their manhood (or worthy woman - no gender bias to be implied by use of the word "he" or "men").
He was anyways not sharing tips and certainly those missing individual reverts to their observations/queries shall be answered by the market itself..for Market is the Master !
Let’s enjoy this phase and not disappoint him ! Refer to his teachings in the past and keep doing it !!
--> back
Bank Nifty eyes
Bears: Hi-prob Irreg. FLAT or CT in formation
If CT may try another attempt towards 11,762
Brk.down < 11,705 BNS
Bulls: will be eyeing a CnH , breakout > 11,765
Anand, rightly said, Master silence is to help traders to learn and trade on their own. There can be other reasons too. I do not know howmany traders understand this and able to trade on their own.
I miss master badly and also the intraday guidance of him... Request him to guide us like earlier..
Again 21-55 EMAs converging on 5 minutes and fast fall setup ? (3rd such day, if it happens!)
Dear Rajapvt,
I would say I m totally unable to trade without Master comment Master breathing market since since 1992.
He had experience of 21yrs How I can think like him It is impossible He has unmatched talent When he comment about some support /resistance level then we see that level closely.
Without hes comment for me it is an expensive place to learn
Sir
Intraday triangle getting almost complete.
Either side bo possible any moment
Into b of e of end of triangle.
Take off or touch down .
Waiting for verdict.
@Blogmates,
Honestly, Master used to comment to provide clarity- when people used to raise doubts. Whatever he has to teach or explain, he is still doing it diligently by posting tech table, charts and EW counts. If someone is having too many doubts/confusion, even after his periodically clearing it, then it goes to show that we have failed as learners and are too dependent on the teacher to ' WRITE RIGHT ANSWERS" for us. A teacher's job is to teach a pupil, help him in gaining knowledge and making him independent not to answer the EXAM QUESTIONS for him/her.
Kindly look it as a period of examination, of your own learning, how much you have gained or developed.
1) Look and compare your contract notes from past
2) check your account volatilty
3) see what has worked for us
4) keep the thing that has worked for us
discard all the other things
5) and finally, 'TRUST OUR LEARNING'
lets give our exams silently, just like our teacher/examiner is maintaining silence and intends us to 'DO'
Regards
Discipline
I have a question to ask the "Option - Analyst" here...
1.A declining OI in a falling market suggests bullishness; from 31st may to 10th June, NF OI was declining gradually along with NS falling. 31st May high was 6102 and 10th june low was 5858 a drop of almost 244 points...now how should we infer this data??
2.From 11th of June NF OI is increasing along with falling market; so should be termed as bearishness...till now we are with 185 points...looks like we are almost near the bottom..
is there something I am missing out when looking at OI of NF?
If anyone saying Master silence helping,
Kindly those person who are getting strength by such silence , Plz provide Premarket view like Master does provide clearly stating Levels of support, trend
Hi PRakashbkc, I have same felling like you. Without pre-market view and yellow boxes its looks very helpless.
I hope master will start giving his views as before.
Regards,
Tushar
@ Guru,
I would read the fall in NF oi since May end till last friday as profit booking in longs. This is because price came down and OI also came down.
If net net fresh shorts enetered , then the OI would have gone up, since it did not happen, it would be read as Long liquidation or profit booking in longs, on a net net basis
But now the price is falling with OI addition, so net net short addition is happening since monday
So even if closing is above 5690, but NS has taken dip near the end and thus breaking channel outlined by Ilango? (nearly), time to carry shorts ? Gap is not filled -> so momentum has built up on downside?
-> Or partial booking and re-enter with retraces of fall today ?
Thank You Chetas, Now I can rest in peace :) it was very confusing..
looks like another weak opening /gap down tomo
have a gr8 day, bye all!
sir
abc of e of a triangle seems complete at 5714.10.
so carrying shorts feels better.
As over all trend is down.
Dilemma when index moves below S2 levels indicated all over. Not able to decide whether market will move up towards S2, S1 or new lows will be seen. Can any one clarify? The dictum that you keep a short when index closes below LowEma is to be followed without any hesitation?
speedy recovery sir, get well soon.
Nifty my Analysis
http://yourtradesmadesimple.blogspot.in/
It was a informatory post and it has a significant meaning , thanks for sharing the information.
Would love to read your next post too…….
Nifty Updates
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