I wish someday I can minimise losses, increase profit points, with lots of learning and help people to earn. Made mistake not only today. Loosing capital regularly with sl hits.May be time to take a break, learn and then will be back with real trades. Till then I will be here and would seek guidance from all of seniors here. Sir, thanks for your guidance till now. I must say you changed the way I should see the market and way of trading and I must confess that I am not able to implement those properly.
MasterCan the below wave count be valid1 = 6093 - 56752 = 5675 - 58093 = 5809 - xx playing.
As the price has closed below WLEMA, we may get some impulsive down moves from next week.As 3 waves are impulsive in nature to support above wave count
so here is a thought/rule that seems to be working for me...Make an entry on a higher time frame, but exit on the shorter time frame. I.e Use Weekly to enter, but use Day-Day+1 to exit...similarly for intra-day - use Day trend to enter, and hour-Hour+1 to exit...helps maximize gains and limits losses....
@ PrabhanshuMost of the advises you get here are meant to day traders. Unless you are extraordinarily skilled, in day trade, you loose.Use this blog to find the trend, enter at the beginning, just sit. May be for three to five weeks. See the results. You will be astonished. For example I entered when Nifty was at 5976. For the past 8 days I have not traded. I will wait until my system shows the exit point. May be another 2 to 3 weeks.Good luck.LV
@prabhansupls note that wn you are wth trend ....dont keeo slwn yu are against trend keep smaal slmarket bounces //falls are typically meant to hit stop losses.the big computers can SEE the S.L points clearly...SO..market is like VISWAROOPAM.as described by LORD SRI KRISHNA.any one can see any thing at any time.ITS A cocktail.SO concentrate on method ,,any one suggested by MASTER ....STICK TO IT LONG ENOUGH. see in and out of it ..if u mix up TF //u will be confused..SELECT TF also...ALL THE BEST...((DURGA)
I would like to express my sincerest gratitude to … ... Ilango Sir,from your guidance, great kindness and patience andI wish to say a heartfelt thank you.
Namaste Ilango Sir & Blogmates, (Bearish: Nifty broke down from the last 2 day base but closed just above at 5677.90, Bulls need to come back as fast as possible or else lower levels of 5600-5400 can be on the screen next week. Take note SMR is just above 20…: Option Analysis for 02-08-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
is singapore nifty @5755.....what does it mean for nifty
Dear Rajiv Malik,Though I am too ignorant about other indices... what I have learnt over time is that when I trade in nifty... I track nifty only. I've see quite a few times under such circumstances Nifty opens gap up and the rest of the day is spent in closing the gap... so in a way it provides another opportunity to open shorts in this case. We've got a pretty strong down trend going on, I've burnt enough money to learn not to fiddle with a strong trend.However markets are evolving and so will we.
Dear Master,First time I could catch the big move in the market and could trade confidently.Thanks for support and motivation. Thanks for being there.Sringesh
@ Dharmu,Sorry couldn't respond ysday during live trade.Pls follow master's comments for the TA @ all times. Am primarily an OTM player, TA accuracy requirement is not as high, as it is for ITM buyers or NF players.The trade-off always remains between Statistical wins & fast gains... it s for us to decide instr. of choice, but @ the root for successful trading, the base still is Strong TA :-)Have a nice day!
hi Ilango sir and everyone.. i am new here and want to learn how to trade using JNSAR. From what i understood.. is it that we should go long if nifty moves above JNSAR level with a 20 points SL and similarly go short if it moves below JNSAR? i apologize if my question sounds naive but please guide me towards it. Thanks all..
@ndhannani,Alwayz start with "Always Start Trading with these" which you can find at Top right corner.All the best. P.S. You have already grasped the core of JNSAR!
thx Gita :))