Wednesday, July 10, 2013

Nifty Pre-Market View.

The resistances come around 5885-95 zone.
Keep the retracement of the last rise from "5836" to understand whether "C.iii" is unfolding or "Triangle's d wave" is completing and "e" wave is starting.
Only when the "61.8%--80%" retrace of last rise from "5836 to xxxx" is broken, "Triangle" would be considered. Until then, the pref. view remains "C.iii" unfolding.
Break of 5790 would be considered bearish.
------------------------------------------------------------------------------------------
You said you struggled for 80% of your 21 years trading career.
Master, do you really mean it?
It's a huge blow to my trust in you, & trust in the concept that, one can earn a living from trading the markets.
..............................
I took short cuts...I was impulsive....I was addicted to only the "nasha" in the gamble...
I lost my way...found my way...lost it again...repeated this many times over.
I wasn't disciplined....above all
I did not believe in all the studies that I mastered...
I had my opinions..
You could take the direct route, not the short cut;
You could be calm & collected and not impulsive;
You could refrain from gambling nasha;
You could be disciplined and above all
You could believe in your studies, works and be a master of your trade in no time at all;
You could avoid having opinions and remain objective.
Isn't that possible in a short span of time?? OR do you want to follow the "ugly part of my life".

49 comments:

venkateshspices said...

Good Morning sir & Friends

Bala C said...

Good Morning, Ilango Ji

rama balaji said...

GM Ilangoji & all blogmates

HARISH TAHKKAR said...

http://prntscr.com/1ejb5q


http://prntscr.com/1ejbzp

NEVER GIVE UP said...

Good Morning Sir & All Friends.

ALBELA HOUSE said...

R/Ilango Sir,Namaste n Namaskaar 2 all reader's.

Bala C said...

Very few people learn from others mistakes..and many people do NOT learn from their own mistakes too :)

DNSHUKLA said...

Good Mng Master and Friends.
There is no question of not believing what you said. Unfortunately we repeat the same mistake umpteen times without learning from others.
Trying to improve myself and believe in my studies, my knowledge.

San said...

Good Morning Ilango Sir and Friends

BANK NIFTY Chart update: CLICK HERE

Suraj said...

Good Morning Ilango Sir and All Seniors and Friends

Prakash said...

Gud Morning Master and All Frnds

vk said...

Good morning Guruji and Blog-mates.
Vkp.

Sunnylovesnifty said...

Sir, How well you have explained... very true controlling your impulses is the key, that is what brings success in trading in the stock market....

satheesh said...

Namaste Ilango Sir and all,

Sir , One fact which is very evident and all the more motivating is YOU did NOT QUIT - amongst all hardships you must have endured.

Once again my PRANAMS to you. Bless me to get that strength :)

amber said...

Sir ILango ji charan vandan and everyone good morning

Nilesh Patil said...

Good Morning Master & Friends

R.S. SUNDARAM said...

good morning ilango sir and everyone in the blog

m.veerasamy Maruthai said...

GOOD MORNING SIR AND FRIENDS

Tushar Thete said...
This comment has been removed by the author.
Sourav Kundu said...

Dear Sir,
By the wisdom of your posts in all the articles it is quite clear that someone who has not gone through all this couldn't have described it so well. How would anyone describe happiness if that person has never experience sadness?

However, this is my personal opinion... unless an individual suffers losses, he or she will never be able to experience what profit means. I remember the message that our Gauresh sir had mentioned about his guruji once telling him that once in a while it is good to suffer losses... keeps our feet on the ground.

So net net... what I want to say is that... I am able to feel your greatness because I was also going through the same path... but I had you to correct me. Like I have always said sir.... if there was something... something I could have done just to express my deep salutation to you.

venkatapathy l said...

Namaste Ilango Sir and blog friends.

I thought you were describing about me; later realized that you are talking about you. I am not yet out of the woods. But I do see a change in me towards substantial improvement.

Thanks and regards,

LV

mahekovoor said...

most beautiful confession Ilangoji,

I too was in the market for the past 21 years.

still paying the price for not having adhered to certain things you had pointed out.

except vfm direct and your blog,I do not visit any other blog for my trading now a days.

keep continuing the good work.good day

prakash said...

Ohhh i hardly speak in this blog.. but today had to break the silence.. its really hard to find some one openly accepting his failures and putting that as an example not to follow ... that too FREE OF COST.. amazing.. never seen such people.. great to be associated with this family..

High time that people who try to find ant in this ocean of milk learn what to see and experience..

regards
Prakash

Tushar Thete said...

Good Morning Master and All!!

Kumar said...

Namaskaaram GuruJi and Brother & Sisters,

Good Morning.

Have a Good Day :)

Vaalga Valamudan.

R.S. SUNDARAM said...

good morning ilango sir and everyone in the blog

J.R.Julius said...

Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day. ♥
-
Camarilla Keylevels - Nifty Spot
H4@5876 ↑
L4@5842 ↓

santosh said...

SEEING YOUR POST LOOK LIKE READING MY DIARIE IN WHICH I TOLD MYSELF WHAT MISTAK I HAVE MADE...GREAT,LIFE DOES NOT HAVE ANY SHORT CUTS

Nitin Kadam said...

Today's Support & Resistances :-

Support :- 5852-5810-5780-5735-5705.

Resistances :- 5885-5930-5955-6020.

Bullish , if closes above DHEMA+20(5874).

Bearish , if Closes below DLEMA-20(5771).

Till then play the ranges or stay away & wait for breakout or breakdown.

Strategy:-

Keep Holding Positinal BUY With SL. 5845.
Partial Profit booking near 5885-5904.

Re-Entry Trade : Near NS-5852 or Above NS-5885.

Positional Shorts Only Below 5770.

Happy disciplined trading to all!
Have a nice day!!

varun kumar said...

@ Ilango sir, DR sir and my all blog mates
Good Morning to all and have a nice trading day !

prakashbkc said...

GM Shriram sir,

ur target for BN fast apporoaching .Keep it up sir
Any further guidance for BN

johnrego said...

Good Morning Ilango Sir & JN Family friends

jvr said...

Morning Master and freinds

Kirubanandam T said...

Good morning Ilango sir & all...

Ding A Dong said...

Hello Friends,
My Nifty Intraday Trade Plan @ Jul 10, 2013

VWAP / LTP @ 09:29 - 5872

Buy @ or Above – 5892
Buying Stop Loss – 5871
Buy Target 1 – 5907
Buy Target 2 – 5926
Buy Target 3 – 5945
Buy Target 4 – 5965
Buy Target 5 – 5984

NO TRADE ZONE – 5871 to 5891

Sell @ or Bellow – 5870
Selling Stop Loss – 5891
Sell Target 1 – 5855
Sell Target 2 – 5836
Sell Target 3 – 5817
Sell Target 4 – 5798
Sell Target 5 – 5779

Based on Nifty Spot Values.
Buying with up trend and selling with down trend at 2min chart.
Entry is based on next 2min candle close above/bellow the entry price.
Trading with 2 Lots as 1st lot for partial booking & Trailing Stop for rest.
Closing the trades based on Targets, SL or EOD, which ever comes first.
No Options trading based on above table!

Wish you all a good trading!!

AJIT PATIL said...

Good Morning Ilango Sir & all blogmates

bb said...

Sorry to ask, but have not seen Parimal for quiet a few days

dharmu mishra said...

respected llango sir as of now market is positive for today sir if it is c3rd unfolding then for intraday what should b the entry point ad way.will it b 5853 pivot or 5835 5dema or something else to b considered sir pls gv a reson for it to enhance my knowledge for this situation

dharmu mishra said...

typing error its why insted of way sorry sir

shriram said...

GM Master & JN family,

the BN, CnH obsv in intra charts ysday has done its tgts today morning itself.

Holding 11,440-50 spot, can tgt 11,600 & higher.. below 11,440 the Bounce can be considered done (View change time , SUITABLE SHORT ENTRY to be searched for separately)

have a gr8 day!

starhoney19 said...

Ilangoji, in respect of ur knowledge.

Ding A Dong said...

1st lot sell target hit and pushed 2nd lot sl to sell price.

dharmu mishra said...

dear shreeram ji were we should keep a watch for this positive rally to continue either holding 5853 which is 5dema or some other parameters if so then which parameter is to b considered sir pls guide

Indiacharts said...

Am reading this post later in the day. The market tests your weakest emotions. Why else after the book 'Reminiscences of a stock operator' was written in 1923 would people have to learn by making mistakes in the market itself. And as Robert Kiyosaki puts it, our school systems team us not to make mistakes and that it is wrong, however as humans that is how we learn to walk. So how far we learn to walk is sometimes up to god himself. Good luck.

Post a Comment