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...
41 comments:
boss - நச்சு நச்சுன்னு 10 குட்டு வைங்க பாஸ் நிப்டி தலையில கீழ வரட்டும் லிப்டில வர சொல்லுங்க ஏற்கனவே லிப்ட் பக்கத்துல தான் இருக்கு
:-)))
Why such reversal. Sujatha please write in englsih so that we can also learn.
Pre-market resistance level, if trade initiated....(Anand..??)
@Sujatha,
Boss - Got One Lightning from H3.
:D
bb - fun :) nothing special
boss - mail sent...ur opinion pls
Reliance below JNSAR now
BNF at a discount which is odd, any inferences for the June series?
Ok Sujatha. Even you Fun messages has some meaning and do not want to miss out on them as I do not know Tamil :)
supports in immediate vicinity are Dev.DhiEMA (7368) & 34EMA,30m @ 7338
& Dev.WkHiEMA @ 7328 below that
Hello everyone & pranaam to Master..........again mkt creating doubts in traders minds pls ...pls ..pls see our JNSAR in in long so dnt short if mkt has to go down then let JNSAR guide us not our mind or ego.......thanks
Alt... An Expnded Flat got done @ 7374 NS ??
7400 7406 ... is 50%-61.8% retrace of the last fall from …… 7425 to 7374
80% is - 7415
If weakness is to return, it should be around 7400 7406
Strength gets confirmed above 7406 OR 7415
Sorry Master...Got Whipped in the morning ..Sitting out and wondering ! Discipline missing..and fears creeping in with self- doubt in this 2nd stage of learning...
SORRY !
only 1 hr left- not sure if to take longs or shrots...!
Initiated sir
Broker called up and asked me how i knew? lolss
good afternoon master n blogmates
@anand
resell zone coming get ready.. trade small ..come onnn
@ anand,
If you have not sold at appropriate level, sitting out is fine.
Another trade that emerged was as per TT retrace at 7373-83.(in the direction of trend).
Another trade is "sell at 7406 with SL @ 7415(Against the trend - risky & aggressive)
Master,
An EW query.. do Expanded Flats also occur in suspect w4s (ala CTs / WXYs) ??
Anand - "Those who are afraid of new ideas are doomed before they start Try to implement something
7374 from where it took support was 61.8% of rise from 7342 sir
BN struggling below DHEMA @ 15298 and HHEMA @ 15340.
In a day when TISCO fired, no one is talking about it? Prabhangshu Raman or Chetna where are you all?
I will try- not givign up easily- with all of you there...!! (rest in EoD post)
An BN did give early signal when it did not cross 80% of fall decisively
@ shriram,
Expanded flats could occur in 2nd/4th, b wave, etc.
exactly sujatha ji, if u r afraid then u will never learn or think of improving the strategy,and to loss fear in trading we need experience, experience is the best teacher in trading
Master,
tks. Q was how often are they seen in w4 ?? (are they as common as CTs ? )
sirji,
when you say rise and fall in which time frame are you referring, since couple of days I am tryingto figure out. thanks ina dvance.
OI now confirms with Master's aggressive trade suggestion. PCR down with this rise.
http://www.niftytrader.in/nifty/nifty-intra-pcr/
61.8/80..initiated
@ shriram,
Exp. flat occurs when there is a strong trend. We saw so many of them from 5933..
Tks sir .. ok to assume they r more likely in w2 then, to be followed by aggro w3 ??
Ilango Sir - Is the ABCDE correction still on? Nifty has not broken out of the channel
Stop hit... !!
@ Bharat: the Channel UTL wud be near 7435-40 NS , if going for a contra short , isnt it ?
@Anand......System is hanged......Press the Reset button.......Retreat for the time being......Fear is not a good emotion for a trader....
Stay back and relax for a couple of days in silence....deep breathing exercises....asanas...pranayama....light food......Read something good....Watch the environment channels.....
Keep researching the blog and the price levels.....
Get back next week on Monday....U will be fine by that time.....
Market is there till eternity......Only human beings vanish like respected Gopinathji....We are all human.....
@Shriram - Absolutely! :-)
7300 puts initiated at 61. 8
But. I kept sl 2 points below day low
So still not hit.
At least i have satisfaction of a scientific trade
@Ilango Sir,
If it's a flat, why should 80% be relevant here?
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Ilango said...
@ anand,
If you have not sold at appropriate level, sitting out is fine.
Another trade that emerged was as per TT retrace at 7373-83.(in the direction of trend).
Another trade is "sell at 7406 with SL @ 7415(Against the trend - risky & aggressive)
June 3, 2014 at 2:51 PM
i feel "gap down opening" atleast of 35 to 40 points??? ofcourse technically good close..remember one thing - if u r in contra trade..exit at quick gains ...without any secondary thought. IF GAP UP comes it's bit difficult to cross 7450/70 NIFTY FUTURE i.e hurdle
let us see
NF gave evening star in penultimate hr with an inside candle fr last hr. so sell
gets confirmed with gap down/follow on selling
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