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...
72 comments:
@Julius---Vandhuduthuu :D
Did we hear a CLAP sound?
Thanks,
Renju.S
@Guru,
:) Yes.................. Finally........
Nifty - Good Boy
It seems it was correction so far due to overbought condition. Confirmation above 5870 ns.
Lets answer these question's ourself
1)Can it move above 5835 to 5865 and close above 5835 today?
2)Can it resist at 5827-35 and then come down to 5770?
Thanks,
Renju.S
JNSAR long Again!!
Renju ji,
My self not responding :)
@ Renju,
5835 is the DHEMA.
What is the significance of 5827? Is it pivot point.
smelling a fall if bulls cant take out Dev.DHi / St.MnEMA zone, in next 1-2 days...
EOD close > 5865 NS , stgt train up --> 5906 / 5970
What is Ben gonna do , declare reduction in Asset Purchases , stop QE , defer cash flow ??
Abhi Ji,
A clue - Current price action - Its being traded greater than 5811, broke 5815 and probably may be in platform number 3.
Thanks,
Renju.S
@Shriramji,
Thanks for the Alert.
bn if > 11821, has the probability
of touching 11850/60
June 19, 2013 at 1:36 PM
@Yash ji,
You are right.
Thanks,
Renju.S
Manage the trade, now, with retrace for 5786 to 5820.
"5793-99" is critical now.
friends
lagata hai nifty ko adrenalin ki jarurat hai!!!
@Master,
What would be the STOP & Reverse FOR JNSAR Trade taken today @ 5811.
20 Pts. OR You recommended some filter. for reversal trade.
BM,
Please see this article...its something very interesting on Dollar...
This was done by S&A, a famous research team.
http://pro.stansberryresearch.com/1304EOAPWAUP/WPSIP525/
Thanks,
Renju.S
Look at it, also, from BEARS point of view:
The fall from 5863 to 5778 has been retraced by 50% @ 5820.
@Anandha,
You mean volume in options?
Thank You Master
for your weekly JNSAR system.
I follow your weekly method.
It is giving decent profits.
The profit points may be less but they are guaranteed profits.
No predictions, no news, no emotions, no intraday tensions.
Very easy to follow.
Just i am following the JNSAR weekly price and pressing the button at right time..
Thank you Ilango Sir ...
why such a big volatile market ? what does it indicate ?
@Anandha,
I dont have such days 'No Trading Days'.
only 2 trend/range.
@ JRJ,
per CAM , where is the long trigger on Day or Wk T/f?
@ room frds & ilango sir.
if according to jnsar rule book, we should have shorted yesterday close than today's effective jnsar must be 5811+20 (filter) =5831 for short sl & extra long. rite ?
even if we done yesterday something wrong & shorted today @ 5791 instead of yesterday close. is it necessary to do other mistake by calculating wrong effective jnsar.
Sir ILango ji yesterday sent you a mail , when time permits kindly check thnx
@sandeep bhoite,
On the day of entry 20pts is enough to handle trades properly. if u see some other price as good resistance or support as per TT/Charts, you can use it too. TRUST YOUR PLANNED/ DECIDED NUMBERS.
kemp, you have given a valuable contribution.thanks.
@Mr.Shriram,
L3@5797 was acted as BUY.
thank you julius.. wud a fall below L3 negate this Buy & can it be taken as a SELL trigger ?
Ilango Sir,
Current JNSAR trade is long at 5811 with SAR at 5791.. am i correct?
Also what we need to do if closing is between 5791 to 5811...
considering big event overnight, i am double checking my understanding over system.
tight range 5740 - 5884 max.
@Shriram,
An Adamant CAM Trader Won't.
I take it as SELL[5797] now!
To not to make confuse new comers
and CAM traders mostly won't share
Price Action Signals.
Just 3 Scenarios with 20pts SL
20pts Partbooking and TSL
NR7 day forming. Hope for a big move tomorrow. Be on the right side.
@ Julius,
Nifty proved again a good boy from CAMARILLA point of view. My frind was bugging me from 12noon that CAMARILLA long may fail today.Looking at masters comments I felt 5816 to 5820 could possible at least on upside and downside 5780.Nifty proved Like Lord Rama today. Good luck sir ! Sir ji, Today also went long on L3@ 1:30PM as move looks promising.Offcourse voilated pre market view & trade plan. But not the trade rules. :)
@Karthikeyan S
Yes volume in options and Futures.
yes julius, was only referring in a case where a Long is triggered on Wk T/f & then if that fails, in that case will same L3 be a sell ?
Tks for the clarity
ITradeForProfitDaily,
Please let us know right side by 3:20 PM :)
@ rose mary,
JNSAR Long from 5811.
SAR for the day @ 5791 or if it closes below 5811 today.
Yesterday, we did not take into account the "Closing below 5825" to initiate shorts.
Thanks Sir... hope i got the point now.
closing below 5811... carry shorts
closing above 5811... carry longs
3.00PM TT & Chart Updated.
NS day PV point at 5827
@Anandha,
Thanks
the day has left me scratching my head and loose pocket..trading plan was saved yesterday luckily and today sl hit on upside.
this write up as sir advised to write down trading plans and their results..failure for 3rd consecutive day even though no losses yesterday
Dear All,
Nifty Observations :
For today it was JNSAR whipsaw , NR7 day , Lower high - lower low compared to yesterday and a ATR contraction.
Next 2 days should see a range expansion.
Raghavendra
@ Ilango sir,
Sir if 3rd wave upward is on, Do you think we can take positional longs till end of 3 rd wave may be in couple of days ?
Sir
Sorry to raise a stupid question! Should we not apply filter to 5811 Levels of 20 points for shorts initiated yesterday since it is still not reached for longs (just resisted from 5831 at 5828?)
OR if i correctly understand, your explanation is for the longs initiated today ?
Pardon me for this - I am still learning and currently travelling - hence only viewer and not adding any comments during the day.
Jnsar short sl 5831 not 5823
Master : for those who shorted yday @ 5825 shld close short if closing above 5811 or shld hold with SAR 5845..PLs guide , I am short with yday JNSAR 5825
Form looking like a -WW done...
smelling a Superlative fall tomo if bulls cant take NS > DhiEMA / St.MnEMA
Trip to 5906-50-76 confirmed > 5865, nothing from OI today, balanced as of now.
Bye all !
breakout abv 5864 and break down below 5777.
@ Atharva,
Though its addressed to Master, you may wish to chose this option.
JNSAR should be followed on closing basis and application of filter is only for "Intraday".
Hence, shorts taken yesterday ( missed reversing to longs ) should now be converted to longs at current market price.
SAR for today with filter is 5791 for longs.
SAR for tomorrow with filter is 5784 for longs.
Raghavendra
Is closing average above 5811?
I am on the short side FYI
Well - I will follow the path shown by you earlier and keep that faith.
Follow the rules (though i am still not 100% disciplined- but a work in progress)
Not a good idea to be panicked and ask questions at time when actions are required .we are here for long .. for good !
:-)
wait I am selling all my reliance stock , it will come down below 5800 :P
rose mary
closing avg 5821
Raghavendra: thanking you..
NS forming a contracting triangle in Hour charts. Breakout above 5835NS and breakdown below 5785 NS
Me too short side
Good Day for a Camarilla Trader.
Bye All.
For JNSAR Traders, I have already answered when I addressed "rose mary".
If there is any adverse "gap reaction", we must accept it as part of "SAR Trading" disadvantage on rare occasions.
thanks cooldent... carrying longs as per JNSAR.
hope bernake talk only Good Good things :D
I have squared off everything amid Ben talk today,play safe, just bought 5900 calls since JNSAR is triggered on long side, lets see
Thanking you all
Last time also when we have Ben addressing on same issue, Many of us expected something worse may be announced. Nifty was also same it is now. Near trend line support. Ben news did not effect the markets much Nifty rallied almost 300 to 400 points. Following Levels, EW waves with good time frame & SL will let us be into profits.
BM,
Just giving my view irrespective of Ben's speech.
My guess is Nifty will try to test the area of 5900-5950, come what may be the news.
If -ve news is there for tomm...it may try to reverse from 5725-50 support region, then test 5900-50 in couple of days and if +ve news it may test 5900-50 and then we may have the real test.....
Please don't take this as some tips...please follow the price action.
Thanks,
Renju.S
@ Julius sir,
Nifty gave 2 short & 2 Long opportunities. I was into 1 short in the morning and 1 long in afternoon session. Truly good day for CAM trader.
@ Master
yearly wise, the fall from 2008 top looks like a contracting triangle and then a X-Wave..
Am i right sir ??
I think I misread the tables, sold and bought back on two stop losses, ended up with a long, at the closing price and for safety's sake sold a call option ! Did I end up a bit wiser? GOK.
@Julius Ji,
If time permits can you do a back testing of SAR and CAM for the trade that had whipsaw / event days?
Just to see if we can get some help from CAM to minimize whipsaw.
"Whipsaw" a part of game...but lets see if we can use other indicators / factors / numbers to minimize it.
Thanks,
Renju.S
@ Renu S,
We back tested CAM levels. More than 80% it looks accurate. But one needs to have conviction and quick in market. Need to trade strictly with SL of 20 points (1:1 risk reward ratio as per Julius Sir). I like 20 points SL. Coming to profit booking, I like trailing rather booking too early.
I observed Whipsaw in BANKNIFTY CAM levels in extreme cases. Otherwise, BankNifty also gives 400 to 450 points a day trading both the sides when there is +- 50 points move in banknify from previous closing day.
Working good on stocks above 300/- price as well. Especially Bouncing from L3 and dropping from H3.
Anyone can give me details.
Especially when it opens too far and confused, just leave trading for the moment and wait fingers crossed until levels comes for trade.
Julius sir correct me, If I'm wrong.
@ Raman,
Whatever you did today. Its done. Selling options is really good when you are clear about the move and also market direction says you are right.
Untill you understand the table, you write down your trades on paper and follow comments from fellow members.
There is nothing wrong as long as you follow trade rules. But trading without understanding trade rules/trade set up is not advised.
Practice makes your perfect.
Be calm, Have pre market view, Understand first 30 minutes market moment and execute plan with out any distraction, Dont be gready when in profits. Book it. Do not let them be national profits. For you, I suggest CAMERILLA levels gives you good method of trading untill you understand what seniors discuss here.
@Anandha, Thank you for your response. Yes. Noted. Let us see if it registers in my mind!!!
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