Friday, June 14, 2013

Nifty makes a ST reversal in Day T/F with an "Island reversal" pattern.


9 comments:

jvr said...

Dear Master,
Thanks for your update.
Last week learned pivot table.
This week learned applying pivot table, preparing Pre market data and how to be patience.

Kirubanandam T said...

JAI HO...Thanks ilango sir....

Amol Sharma said...

not convince with this up move. Take Care.

Adrian Jose said...

I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.

Sourav Kundu said...

Friends,
Those of us who are trading using JNSAR, we've still not closed our shorts... today was a loss day for us...(after a series of profits days). As a follower, lets stick to our shorts... only, only for as long as NS is below JNSAR... I don't know whether we will get a JNSAR trigger on Monday or next week... but the moment we get that lets be unemotional and change to longs... I know that the time NS is close to JNSAR or fiddling with JNSAR its difficult to trade... a lot of questions too come out... For those situations, I have benefited by keeping a small trading diary where I write -what I did and the market did. Its just a log... after a couple of days or so, I get insight whether I did the right thing or not. This way, by keeping a small note on my actions... I am able to correct myself the next time, if required.

JNSAR whipsaws are awesome since they provided me with an opportunity to practice what I had learnt and strengthen my believe in my studies and my actions. I still write down what I had done... when I am correct. It acts to tell me what move has been profitable and what has not.

Trading [when done the right way] is a wonderful journey... lets make it profitable.

Piyush Sharda said...

sir I have a question,
on 12 /6 as per hourly charts a 5 wave form was complete in hour and the fall held the 80% retrace of the 5738-5792 rally. but next day we had a gap down and the rally and fall held 80% retrace of the 5683-5722. however u were able to correctly identify and change the labelling to continuation of downmove in update 3 of 12/6 and u were correctly able to identify reversal on 13/6. its remarkable like always.how were u able to distinguish b/w both days

HARISH TAHKKAR said...

Corrective rise of fall started.Holding 50% gains = 5751 of last rise
market can reach 5878 on last price rise behaviour.Sustaing above
developing month's Open = 6011 & Fibo 61.8% can make new high
> 6229.Sustain below if weakness,can fall to 5586
All calculations explined in chart on undermentioned link.

http://prntscr.com/1a6tw7

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