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...
40 comments:
Shri... Couldn't understand
shriram said...
@ Prabha: just made a text book -WW now..
June 12, 2014 at 1:58 PM
Day Low : 7593.80 Day High : 7656.15 Range : 62 Points Day Pivot : 7639 Hr. Pivot : 7639
NS well above HKPC ( Hepta Kilo Penta Cent).
Currently hovering around @ 7640.
NS just gone below Day Pivot @ 7639 displaying of weakness.
NS in SOR mode in Hr. T/F & BAH mode in Day T/F.
NS will b in BAH mode once above Hr. HEma @ 7653 in Hr. T/F.
Strength remains till above D Ema @ 7635.
BAH = Buy And Hold
SOR = Sell On Rises
Hepta Kilo Penta Cent = 7500
@ Sonu
Did u check?? was it a freak trade??
@Sujatha,
7630 3hrs Low. 1hr Pin Bar seen.
Cat may jump into the well & die.
:))
We have sold nifty to 7650 that is hold for tomorrow ?
julius - yess......kudumbathoda vizha sollungaaaaaa ha ha(mean it kudumbam yenbadhu my Nos)
@SKS,
Still don't see it. I see OI change in the range of 10K only every 2-5 min interval
@ sonu
did u check the intraday graph?? with vol when it made a low of 89.20
@ 1.41 pm
Kahin aise to nai , ki 76PE writers, jabardasti ka prem. khaane ki liye Nifty ko khada rakh diye ho ?
Moment their tummies are full, may unwind & lead to a 60-80 pts NS fall ??
a small +WW developing in BN charts
may have formed pt5 near 15425 or may form a bit lower near 15415
trgts 15490-500 range near 3.15pm
@SKS,
1:40PM --> OI was 1334350
1:44PM --> OI was 1330550
only 3800 difference.
shriram ji - kanjussss give me 60+80 = 140 for short term
Julius - OK..bye take care of the cat family ..appadiye pottu thalla parunga "already they in Muhurtham time"
Happy week end to all
@Shriram Sir,
Ab agar Nifty ko bhi manipulate karoge to retail trader kahan jayega? :)
@ Suja / Sonu : Aaj to R:R wise, retail waalon ke liye ek bhi accha set-up nahi bana !
Sujatha -- Innum oru nazh irukku le.. inniku Thursday dhane????
a small +WW also developing in nifty charts
may form pt5 near 7623-20range
trgt 7650 near eod
@khooon khaul raha hai......bache behe gaye.....grrrrrrrrrrrrrrrrrrrrrr....apne hote tho pata chalta.....grrrrrrrrrrrrrrrrrrrrrrrrr..............GRRRRRRRrrrrrrrrrrrrrrrrrrrrrrrr
Prices reached Pre-Mkt resistances & falling.
Prices broken critical support & trendline at 7638 & 7631 & falling.
More confirmation comes from prices breaking two day low, besides closing below DHEma..
Ilango said...
@ shriram,
If 7631 is held, "(iii)" of the vth sub-wave of "i"st wave is on.
June 12, 2014 at 1:33 PM
==================================
Sir,
What is the alt EW count now?
Uff what a volatile market ...
80% of last fall (7656 to 7613) retraced
Hahaha... this is intriguing !
another -WW forming on NS 30mins, pt 5 may form near 7655
1-4 tgt is 7600-10 NS
Thumb-sucking done for the day, no trade opps.. .Have a nice time all !
For the whole day HL 30mins & 1hr Candle.
Personally i think not a good idea to hold shorts.
nifty dancing to the tune of BN?
@ stocksure
2 good
Sur iii started from 7613?
Sir*
Sorry for typo
@ Prabhanshu Raman,
5 sub-waves being done from 7613.
This could be (c) of b/ ii nd wave
OR
(i)st of (iii)rd wave as discussed earlier.
Res. @ 7663-71.
And
a=c comes at 7675.
a=7590 to 7652
c=7613+62=7675.
7658 is 61.8 % of fall from 7700 till 7579.. imp to watch
Day Low : 7593.80 Day High : 7656.15 Range : 62 Points Day Pivot : 7639 Hr. Pivot : 7628
NS well above HKPC ( Hepta Kilo Penta Cent).
Currently hovering around @ 7655.
NS gone above Day Pivot @ 7639 displaying strength.
NS in BAH mode in Hr. T/F & in Day T/F.
Strength remains till above D Ema @ 7633.
BAH = Buy And Hold
Hepta Kilo Penta Cent = 7500
Hopefully, the following retrace would resolve the above dilemma:
7636 7630 ... is 50%-61.8% retrace of the last rise from …… 7613 to 7658
80% is - 7622
If strength to return again, it should be around 7636 7630
Weakness gets confirmed Below 7630 OR 7622
avg closing running at 7643-44 and increasing,
@ stock sure
BN2 almost done
So closing > dhema...
Thank you sir.
Wow watta last min follow up.... Julius Ji, ur correct Shorts konjam danger to hold.. may be a positive news with IIP and CPI... lets c... Bye alll..
Hi JRJ, can you please explain this, couldn't understand
J.R.Julius said...
For the whole day HL 30mins & 1hr Candle.
Personally i think not a good idea to hold shorts.
June 12, 2014 at 3:08 PM
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