Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
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...
34 comments:
Sir,
is it possible that 3rd fall from the highs of 5863 completed at 5687 and 4th completed at 5705 (a-5687 to 5711; b-5711 to 5684; c-5684 to 5705) and 5th fall is on?
Alt:-
from the highs of 5828.4:
1-5828 to 5687
2- 5687 to 5705
3rd is on..
Your view?
Hour TA may have reached "Oversold" zone but the daily has just turned down.
Weekly, though at oversold zone, could duplicate what Day & Hour did at oversold zone....of remaining in oversold zone.
Let the current labeling gets negated with a move above "5828" presently, then, we'll touch upon other options. OR
Let us see some +ve divergences in day T/F or Day trend indicator to turn up to look for any ST reversals.
Hi all,
I have received following message from my Broker but I don't understand it... is anybody have received such message??
(20Jun2013 14:08:49) : Dear Fellow Traders, " We request you to close all "In-The-Money" June, July & August Series options before market close to avoid paying excess STT.""
Sorry... they gave Corrected message.. now..
It was about "FRL"
SAM,
That message is for some stock related options...not for Nifty. As the outstanding positions of that stock futures are getting wound up by EOD today.
sam frl wont be part of fut from today i think ...so u cant trade in frl fut and option from today (confirm exact date from broker)
Time for some EW Shaolin:-
Lable Set: 1
If Extnd 3rd from 6133, its done its min. 1.618xw1 as:-
i 6229 5937 -292
ii 5937 6133 196 -67.1%
iii 6133 5661 -472 161.6%
Lable Set: 2
If seeing fall from 5864 as Extnd. vth, then
i 6229 5937 -292
ii 5937 6133 196 -67.1%
iii 6133 5683 -450 154.1%
iv 5683 5864 181 -40.2%
v 5864 5391 -473 161.9%
lable Set : 3
If seeing fall from 6229-5683-5864-5XXX as a DZZ
w 6229 5683 -546
x 5683 5864 181 -33.2%
y 5864 5527 -337 61.8%
MT TL support comes near 5635-40
Wave Channel support 5520-25 Spot
57CE , 58CE adding Massive OI intra..
Keep these in mind, trail the trade
best of luck !
ITradeForProfit Daily...
Yes I got message again... was about FUTURE RETAIL..I think
Thnaks Archana
Dear All,
Now see the total buyer seller in Nifty Future.
Its evenly poised.
Time for a small bounce.... dont know.
@Master,
Are 5 waves complit from 5864?
5650-5660 have always been a tradition strong support and resistance during all upmoves and downmoves.
@ Nilesh Patil,
I'm sure that a 5 wave done from 5705 to 5659.
But I'm not sure of 5863 to 5659.
to all.....my broker told me that all stock futures in nse will expire today only & no futures in stocks will be available from tomorrow ,all stocks will be in cash market only..
Thank You Master.
incessant selling
SJK - that's right..my sentiment no. it has it's own validity period..it will expire after this year :) it has to protect here for atleast some marginal bounce..anyway no life before 5708 level :P :( or else will take us to another century
bye
Rj no such Alert coming in my Terminal (IIFL)
@master and friends, came across a article which, I thought might be useful for some newbie's including me here...
SURVIVAL is better than failure and it should be your first goal as a newbie trader.
Remember, 90% of new traders don't make it. You want to be part of that special "10%" that does make it.
You're probably thinking, "Ba humbug! Trading plan, schmading plan. I can be part of that 10% without a stinkin' trading plan!"
It may be tempting to trade by the seat of your pants, but if you don't develop clearly defined trading plans and be disciplined enough to follow them consistently, you'll have much difficulty making consistent money as a trader.
If you follow the plan sometimes and abandon it at other times, you throw off the probabilities, and you will most likely end up losing overall.
With discipline comes profitability. Don't let unjustified wins interfere with your ability to maintain discipline. Follow your own trading plan, and cement in the mindset that if you follow your plan, you will end up more profitable in the long run.
The first step in building a trading plan is to realistically take a holistic view of yourself.
The foundation of your trading plan starts with your self-reflection because you will be the only one using it. This self-reflection will reveal your trader profile, which is basically who you are as a trader.
Who you are as a trader will define what kind of method suits you. Strategies, systems, and methods which aren't compatible with your profile and style will drastically lower your chances of success.
While most traders want to immediately jump into creating or finding trading systems and strategies, they won't know which ones match their personality and unique situation if they don't spend some time on self-reflection first.
Before you think about clicking the Buy or Sell button on your trading platform, there are some questions you should ask yourself so that you can better form your trading plan. While you're at it, you should write down these answers. Writing down your answers will help remind you of what you're going to do and help make sure you stick to the plan.
A trading plan is only effective if it's followed. You have to stick to it. It sounds simple to do. It is really just common sense but most traders still can't do it. Why, oh, why?
Trader incompatibility:- A trading plan should be a personalized plan for you, a plan that fits your own goals, risk tolerances, and individual lifestyle. You must develop each component on an individual basis, never losing sight of the fact that it must be custom tailored to YOU and YOUR needs.
Your trading plan must be made based on reality, not on hope. If you're simply trying to copy somebody else's trading plan or yours is based on false assumptions, then you will not be compatible with it and will have trouble following it.
Solution: Be honest with yourself. Then revise your trading plan.
Trading plans are intended to be long-term. Many traders give up on their trading plan, or often more specifically, the trading system in the trading plan, after suffering a string of losses rather than sticking it out through the inevitable rough times.
Solution: Be patient!
No discipline: Trading according to a plan requires sticking to it through thick and thin. That takes discipline. Rock solid discipline. Traders lacking discipline do not stick to their trading plans. You need to be disciplined. Rock solid. Does it sound like we're beating a dead horse? Well, good.
Solution: Stay disciplined!
Self-destructive behavior: Some traders have deeply ingrained psychological issues that will sabotage them. This can be resolved with hard work on one's self, but the trader must be self-aware of such issues first. You can't figure out a solution if you don't know the root problem.
Solution: Look in the mirror. Hopefully you don't turn to stone.
@RJ...
That message is related to FRL only...
FUTURE RETAIL .....
@RJ and @Sahil
the msg is only for Future Retail, earlier known as Pantaloon Retail, which would expire today due to a scheme of arrangement.
please have a look yourself
http://www.nseindia.com/content/circulars/CMPT23648.pdf
When ur happy & u know it, clap ur hands
May be offbeat, yet we laugh n dance ;-)
sanjay ji, i can really laugh now, the way things are put forward on 5600 call,,,everybody here knew for sure 5600 is coming. somebody traded right/wrong/no trade...you are certainly like all of us..excitement at success and i know there shall be absence during failure of so called"call"..if Illango sir starts counting successes,,we all shall be shamed..its beyond words, just go through..rest cheers for your profit..
Snake and the monkey...
Friends, this is regarding Reliance. A breakdown and close below 760 could lead the way to 560 due to inverse H&S pattern. Just to keep in mind and chek this. http://prntscr.com/1axhpt
NIFTY CHARTS:
CLICK HERE Nifty Week charts
CLICK HERE NIFTY DAY MA CHART
Master,
Thank u for starting JN. No words will suffice :-)
bye all !
Kula nari thiruda kudathu....
Kula nari thiruda kudathu....
Look at the ticker and look at JNSAR or whatever system or systems u follow and everything falls in place. :):)Great day Thank u Ben:):)
Tomorrow is a new day by the way. :):)
2 sanjay ji,,,i am not here ti impress anyone..telling you the right things.i bet whatever system you follow would have given you losses,,i have paid enough price in last 5 years in market and learnt many a lessons..it now =feels like i am gonna sit in exam and see if i pass or not..my sincere request is no system is full proof..itna mat bolo ke apne words wapis khao to kadwe lagein...bahut logon ke saath aisa hua hai yaanha pe last 3 years mein..i have seen..the only survivor with profits have been system, jnsar and its followers..please think before you speak..
@sanjay singhania...
congratulation for ur success. ..but aapki line lambi karne ke liye dusare ki kato mat.
JNSAR is GOD here for many traders here including me...now not a single word against it..
whatever system u developed enjoy the profit...but we earn here conaistantly due to our beloved Ilango sir's education..since long you can think...
are DRji kaha hai aap...sub senior log silent hai aur koibhi aake blog environment ko kabhi bhi bigadata hai...
jago DRji jaago...
Arey bhai sanjay singhania aur marketmen ji, hume chamchagiri aur Jai Ho karne do warna sari hourly udates band ho jayengi. Kya tum log yahi chahte ho? apne kaam se matlab rakho, jyada tamasha na karo yahan.
Jai ho...
Post a Comment