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...
69 comments:
sir's mail to deepak sharma on 12th june
(7)th is JNSAR(JustNifty's Stop And Reverse Number)-this is relevant to JNSAR followers. You initiate a "Long position" once this number is breached on the upside with a minimum of 2 Lots and manage the trade with 25 points(be flexible here using other key numbers, if any) filter for 2 days while part booking with the first Lot, re-initiating the 1st lot on retracements during corrections and reverse all trades when the JNSAR is breached on the downside and reverse your trades to "Short position" immediately with 2 Lots. As you gain technical knowledge, your part booking and reversing the positions get improved.
@Prabhanshu
diff ways trader use jnsar here is..
1. use filter for 0,1,2 day then no filer...
2. use 20 point filter for every time...
3. use no filter just "hard" no for daily...
real essence of sar is once triggered keep the trade for next day...but it hurt more so above diff methods...
BN almost achvs the -WW tgt of 15,100 :-)
Sir, 7670 till 7531 - 5 waves? And now a done at 7565+. B is on or done near 7540
Btw, tisco t1 done... waiting for bhel
dear sir given point of viwe..? whema is 7489 sl of 2 wave..?
75k PE is the strong base for this series (till NOW)... watch out..it can be a trap too!!
read *it as (this fall)
@ SKS,
DHEma+20 was changed to DHEma+30 to suggest that "instead of 20 points, we need to take 30points" as filter - this has been done few days after the "Major break-out" when few readers asked for "any change in filter".
In reply to Deepak Sharma, I have inadvertently put it as 25 points. Depending on volatility and large moves one should use filters.
Despite all the efforts, some whipsaws are bound to happen during initial stage of reversal.
Experienced traders should use "Supports and resistances" to trade their position to minimise this. Sound technical knowledge helps besides our pre-market suggestions for "Conservative traders of a break down below 7610".
Master,
7676-7526 = 150pts has done , 150% x (7700-7600) .. to be seen as ZZ done, or 1-2-3 is playin still ??
Another method is to use a filter to day's JNSAR.
Thank You Sir
@ shriram ,
3-3-5 seems to be done at 7525 from 7700.
Zigzag comes into play below 7525.
GA sir nd friends :)
¿¿ʇǝƃpnq ǝɥʇ ɹoɟ ʎpɐǝɹ ƃuıʇʇǝƃ puɐ ¿¿ʍol ǝq llıʍ ʎɹıdxǝ ǝlqıssod sɐ ɥɔnɯ sɐ
Nifty took support at DLEMA - 20
Master,
Tks sir.
@ Suja: 1st u write like Jalebi Bai.. now this ulta BATMAN.. wot is happening to u ? ;-)))
@ Sujatha
Again and again you prove that you are a genius.
@Sir,
Thanks for the continuous efforts giving ratios to follow.
Giving new perspectives! Thank You.
@Sujatha,
Boss - Nera type pannale puriyathu- ethukku intha vela?
@Everyone,
Lo.EMA@7545
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If someone missed the good opportunities,
If someone booked whipsaws:
World is not going to be End.
No Worries - Market is Always there.
Try to follow any comfortable strategy,
Success will follow you consistently.
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Have a Happy Week End.
Dear Sir,
7530-7565-7526-7560 isnt it part of an irregular correction?
Sujatha --- firste yennaku kannu nollai ithulla thalageela vera HINDI le yennomo yezhudhunamadhiri irrukku ippo.. :D
@ Aly ,
Very much possible.(Holding below 7570)
shriram ji - A title has given to me "i am always with ulta-pulta view" (actually i am doing with some basics only not blindly) so y not i try "ulta writing"???? hehe . It's sir's "Broadmind" he is allowing me to roam here :)
TUO - delete ur comment - genius persons who r in silent mode will fight with you :)
sujatha,
dosa thirrupi poddunga
Julius - anyway nobody is going to read my comment, if at all read - they can't understand, so no worry for me..just enjoying by posting .with thanks to sir...who's patiently "not caring me" hehe, "thanni thelichi vittutar" yenna pannaradhunnu vittutar..pona pogudhunnu..time pass
@ Suja: ur beyond all science ;-)
For ur view.. how bout sideways next wk & an expiry wk rally by Fund Managers to jack up Q1 NAVs ?
Makes for a good story !
Sir,
Thanks. It looks like an irregular because of 3-wave fall from 7565-7526.
But your point about 7526 being completion of 5 wave has put some doubt as it is at the lower trendline of parallel channel drawn from 7700-7680 and 7579 low
Seems like we are looking at Hanging man in weekly charts . Last one hour for weekly closing .
Regards
Sir, does it mean holding 7525, we can say correction over? And now direction up?
OI adds suggests 7600 is sealed by Bears for next few days
Sir for JNSAR do we change the filter or still keep 20 points.
..ha...ha...
what if nifty close above today''s jnsar and below monday's jnsar!!!??
anybody??
@ anmpatel
it can :)
i would try mid-point approach in that case
@Shriram Sir,
7500 still a support... OI wise
Yes sonu: Strangle writer's paradise coming ahead next wk
@master , seniors,
keeping in view limited downside from current level, can we slowly start building up longs or calls for expiry
@ Prabhanshu Raman,
The play ground just got wider - 7700-7300.
As you see in most grounds, all kinds of games are on.
There is a flat-will get negated below 7525.
There is a zigzag which can take it quite lower...
And there is "B" marked - scary to 7300 approx.
Oi added in 75kpe, closed it.. v less addition. Although 75kce added closed to 1lac. Pe writers adding in 7300
@Aly
mid-point approach? please tell me.
thanks.
shriram ji - good valid point...agree with you
1) in that case, y sideways?? straight way to .......then upmove or else
2) Q! NAV is not must...as year end closing is good, so expiry is low getting ready for budget??
3) or July too -ve???
don't forget the "monsoon" thalaiva...if it fails???? GDP will take hit...if average monsoon fails means, how much GDP will come down.?? it's modi/RBI governor's headache :) no worry for me :D by budget should not get deficit that;s all. now all in the paper work..sofar fundamental not changed and it will take "long time" there is no end for "talking about non-technical matters" thing is "how v r going to utilise it" apart from technicals..
@master
previously in monthly chart there was big red "B" as alternate count above 7k++, recently you removed it...so at which level it will appear!!
@amnpatel,
I will take mid-point of 7568 and 7537 which will be 7552 as JNSAR. In which case my stoploss would be based on this mid-point instead of JNSAR
~I havent tried and backtested this approach but this is just one solution which came to my mind.
3.00PM TT & Chart Updated.
Suja: Q1, NAV mgmt has happened for the last 5 yrs stgt.. PATTER RECOG , tats y :-)
BN just did 61.8% @ 15094 for rise 14709-15726...
sir according to ur ysday post now we broke one channel next is 7400 http://3.bp.blogspot.com/-B8G_XAWZ0Ns/U5l_AqaD1bI/AAAAAAABMZY/kXz3HxV1GfI/s1600/1.JPG
if Closing is:
Above WHEMA
Above WkHEMA
Below DLEMA
JNSAR long today
JNSAR short Monday
How to decipher this puzzle?
Can someone pls guide?
pt to note TIME wise.. suspect retrace to 7216-7700 shud ideally do 4-9 sessions.. today is just the 3rd day !
Oh god give me close below 7537 or abvoe 7567....otherwise sujatha's "cat on wall"...ye billi hamesha diwar pe hi kyu???
@sonu
if a matter of JNSAR....now after 3pm close below 7567 is enough to hold shorts...
@PS
can u throw some more light!!
@ ANMP:
Becoz in corrective modes price close on "LOCAL MAXIMAs" .. which are not caught by the SMOOTHENING agents i.e MAs
Baat ki nazakaat ko samjho !!
GOODAFTERNOON MASTER n blog mates
@SONU what you have stated are facts --yu will know the TRUTH ON MONDAY--easy easy
dear ilango sir today close below 7570 jnsar is hit can 1st sell @ leval..?
shriram ji - in that case give me next week itself 7300 and 7200 :) NF
@Sonu,
If it had been so easy to make money, every tom, dick and harry would have been doing it
@ Sonu,
There is no puzzle.
Prices broke 7638-for aggressive trader for a short trade towards DLEma.
Prices broke 7610-for conservative trader for a short trade towards DLEma.
Now prices found support in the zone of DLEma to DLEma-30, a bounce is on. And this bounce should be played "intra" only since the close is likely to be between "DHEma and DLEma" - a sideways market till momentum picks up on downside.
However, persons who initiated shorts either at 7638 or 7610 break, could carry shorts after having part-booked.
~not to hurt anyone's sentiment but that is how markets behave
The -WW tgt is done, and now to simple eyes, BNS still has 300-350 pts downsides per a Hr TA HnS ??
Suja--> lets see if ur wish comes true next wk then !
Bye all, have a nice weekend :-)
from 7526-7563 rise....80% 7533 broken...
@Ilangoji said....The playground got just bigger....:):) Wonderful......Great insight.....:):)
FIFA is also going on. na......:):)
@Confusion@puzzle.....plssssssssssssss
Aap sab JNSAR trader ho.....stick to JNSAR number with filter/without filter/Double filter/Monday JNSAR........JUST STICK TO UR SYSTEM....WITH TOTAL FAITH.......so no confusion.....
Have a wonderful weekend friends....Exciting Monday awaits...:):)
@aly
please tell me the mid point approach....
Aly said...
@amnpatel,
I will take mid-point of 7568 and 7537 which will be 7552 as JNSAR. In which case my stoploss would be based on this mid-point instead of JNSAR
~I havent tried and backtested this approach but this is just one solution which came to my mind.
June 13, 2014 at 2:59 PM
btw it seems to be a sell as per the current running avg
Day Low : 7525.35 Day High : 7678.50 Range : 153 Points Day Pivot : 7634 Hr. Pivot : 7541
NS just above HKPC ( Hepta Kilo Penta Cent).
Currently hovering around @ 7535.
NS gone much below Day Pivot @ 7634 displaying weakness.
NS in SAH mode in Hr. T/F & in Day T/F.
Strength returns above Hr Pivot @ 7541, D Lema @ 7543 & Hr Ema @ 7580.
SAH = Sell And Hold
Hepta Kilo Penta Cent = 7500
@aly..
thanks.
have a happy week end to all...
A small falling wedge in BN 2 mins - may not be relevant today.
Thanks Ilango Sir for clarifiction.
I wans't sure bcoz the hourly RSI just touched OS. Nifty was near JNSAR and Week still in uptrend.
typo... pls read clarification
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