"iv"...? or "4th"...? the doubt lingers till the week TA continues to be down.
One of our reader and a seasoned blog owner, Anuj Joshi, who has done in-depth analysis of SAR trades has found that often the trade next to a "Big-gain SAR trade" tend to whipsaw. It is not a rule. But it requires close monitoring. A JNSAR trade after a 210 point rally from the lows would have exhaustion built into it.
The last 2-Hour low is 4812 and the last hour low is 4846 are for aggressive traders.
"4835" being DHEma & HHEma would signal "Intraday weakness", followed by "4812".
"21 hr sma" which is rising (presently @ 4750) is a critical level.
= = = = = = =
And "21 hr sma" rose to 4787 - is a critical level and that was the low of the day.
Pre-Market's resistance was 4865 (arrived at by adding 20 points to an anticipated DHEma-4845+20) and that was the high of the day.
= = = = = = =
Most do not want to study and understand different markets (based on various T/F set ups) which help you to tilt your posture towards a sell at OB or buy on dips, etc.
Most do not want to identify the studies that are currently working and use them effectively.
TT has certain guidelines listed in it...if only you care to put to practice.
Calling me fair or unfair will not solve your problems. Introspection will.
I don't need you. And I never said you need me. If you remain objective in the market, such languages will not spill over but real learning happens and you'll slowly master this market.
You come into this market with a lot of luggage-opinions and you want me to certify that. I can't. I present facts as I see it. And I am not afraid of failures. Day in Day out... Hour after Hour, I am putting them here.
The moment you resolve to "Blame me" for what is essentially your responsibility, You are lost. Believe me...such an attitude will take you nowhere.
I'm scared at times of what I see and feel. I restrict my languages to the level of "guidance" only. And if you can understand them and benefit from them, you end up a winner. If you fail to take advantage of them, you miss an opportunity. Either way, it is "YOU" who has to take those steps and that starts with "sound basics".
55 comments:
Sorry master, in case I have done any wrong. I only wanted
to share the customisation I did for JNSAR but never
questioned its existing effectiveness. I truly, believe
in your way of teaching which is to make us self-sufficient
& instill confidence in those who have seasoned but need
a pat on their back to make them believe in themselves.
I still have saved your mail which you sent me on 4th Oct, 2010
The last sentence is "Read about Stop & reverse method system of trading. Get yourself familiarised with it. It is quite simple. And believe in the system. Once a belief comes, other negative emotions will start to disappear giving way to confidence."
It is this sentence of yours that I started following
technicals more deligently & I am seeing the benefits now.
It feels great to be in the best of hands. Thank you Master.
Perfect day to learn SAR trading. Perfect day to break your head.
Get yourself out of the circle and think. Don’t break your head too much on one trade. Today JNSAR was hit so many times. So what? How many options you had in today’s situation.
1. Keep a filter of 20 points and reverse to shorts at 4800 or at 4790 as stated by Ilango. So, in today’s close, you carried shorts home.
2. Raised your filter further from 4790 and you didn’t enter into shorts as Prabhat did. So, you carried longs home.
3. After you reversed to shorts at 4800/4790, again it came up. If price would have passed 4840 ( 4820+20 filter), you will now hold longs again.
Instead asking questions, get into any one of the above option and take position. Once market opens tomorrow, you will know which option gave the benefit. It will be a good learning experience. At the max what can happen?. You will be in the right direction tomorrow or you will have to switch again tomorrow after some loss which you can earn in couple of trades after such a whipsaw. When you do like this for just 2-3 months, you can explain JNSAR better than many seniors here.
You have to understand that every person in this forum are trading with different quantity and perception. One might trade with 10 lots and book every 15 points profit on the travel with JNSAR. One will trade only 1 lot and never part book but reverse the trades as per JNSAR. Both guys are offering advice here. How can it suit you, when you have a different trade size and mindset?. Never search for answers and learn the answers yourself. You will obviously lose something like in the situation today and that is the fees you spent to learn one of the secret ( tackling whipsaws) of SAR trading. If you are focused, it will take max 3 months or 10 whipsaws, you can play SAR well. Believe me!
How do I trade? Very simple. If JNSAR for long is at 4820 today, then I will switch to shorts the moment 4819 is shown on my screen. After that, I will close the screen and check it only on next day. No filters and no second time reversals nothing. How do I manage the whipsaws?. Simple, if you and me trade approx 100 trades in a year, am saving 100*20 or at least 50*20 = 1000 points by not applying filters. This excess income compensates losses from whipsaws.
For those who complained about today's JNSAR numbers, Go and join paid services for stock recomenedations. I have one active memebership and just counted performance to show all of you.
Out of Last 10 recomendations, 9 are loosing money (Range of 3% to 39%). Only one of them in profit ( gain of 9.8%).
So, decide yourself. If you still want to complain, tomorrow switch on TV watch your favourite news channel, write down every recomendation they make for 1 hour. Test back at end of day. JNSAR fares lot better than any other.
If you cannot cook your own meal and not even paying for it. You shouldn't complain much.
Here you are getting readymade numbers for high reward.
Mr. Ilango, with all due respect, you have grossly misunderstood my statement. For a man of your age, experience, talent and composure, this wasnt expected. Please try to read this message in a humble tone, because that is how I am typing it. Even the earlier message. I did not expect JNSAR to work every time without whipsaws. But it appears that, while you constantly say that no system is perfect, but when someone questions you about a particular trade [today, for example], instead of saying to the questioner: "Sorry, if you chose not to apply the filter, JNSAR has failed today, so what? Better luck next time", you said, "JNSAR has not even triggered with the filter, Why the confusion?" especially when you said choosing to apply filter was an individual's choice. So, by saying that JNSAR did not get triggered after the filter, you are implying that it was an obvious choice to apply the filter, but the market participant failed to do so and was blaming the system. Get the picture?
@Krishna: "For a man of your age, experience, talent and composure, this wasnt expected."
This is a very wrong/rude tone you started with. I feel sad that
such things are said about master who is so humble to correct
us so many times.
I have nothing more to say. Please dont talk to master like that.
Hi friends,
Market slided down for 5-6 days and then in a highly over-sold situation, it rised in one day (yesterday) more than hundred points without any change in fundamentals and therefore it was a rise purely on technical grounds. Thereafter since steam is out for further rise, market has to wait for directions. Since the long term trend is down, and also most of the studies are indicating possible further downmove, it has to make some reasonable correction before picking up with trend. Today was a day of indecision/ consolidation. Hence it would have been prudent to stay away from trade for a day or two. It is not at all surprising that today JANSAR was hit several times, this would have happened with any ‘magic’ number whatever.
There are various ways to trade JANSAR and the entire TechTable. I am trying to collect and compile most of them as the trading days roll on. I shall certainly publish them once for the good of all.
I generally do not like to make any comments here since it is not nice. But today seems to be an exception.
I am here for learnin g and by testing the lessons, try to apply them. All else is futile.
Best of regards
Speech less
:|
Good evening Sir and all gems of JN
Now a days I am not much time on this blog B'cause
of some busy schedule I read all the comments on the
JN EOD.
I say sorry If I hurt somebody's feelings.
there are some misconceptions about JNSAR
1) JNSAR is magic no.
NO JNSAR is simple no.calculated on certain averages.
2) Nifty is overlapped on the JNSAR
NO sir overlaps JNSAR ON the Nifty after doing some
calculation.
OK then Why this Whipsaws?
Answer
1) checkout J10 SAR is greater than JNSAR.
when you are doing JNSAR long that time J10 SAR should
be less than JNSAR value. This time is High so
I never take JNSAR.
2)Why J10 SAR Value is high?
Answer
Up to 22 Nov everything ok but On 23 Nov long red
candle and subsequent on 24 Nov a long white candle
made J10 SAR flat and immediate rise did not give
a chance to JNSAR to rise over J10 SAR.
2) Triggering of premature JNSAR Is taking place
nowdays but we have to bear with it.
It(Nifty) is going to trigger it for more time before taking
its due path.
It is my simple observation. use it or discard it.
regards!
shardha saburi
Dear All ,
This is how I read the TT table , I may be wrong , but
if I don't post it I wil not know if I am thinking
in the right direction or not , so posting it after gathering lot of courage .
1) 21 Hr SMA @ 4791
HLema @ 4796
Prices going below these will show weakness
2)I will keep a watch on 5Ema(4815) , if it is going below 5 SMA ( 4787) or staying up as it is now.
If it goes down , then that will point to further weakness.
presently prices are going in an upward channel whose lower trendline is at about 4780 , so breaking that will show further weakness .
also 4787 is low made today ...
so in range of 4780 - 4800 lot of price lvls to look for.
so right now what I understand is below 4780 is down and above 4800 is up.
Thanks n rgds
Smita
Hi Anuj(J),
Happy now to count the arrows?
Just a suggestion : See whether JN SAR can be combined with 15min SAR (concurring direction). Will atleast provide for a Cost+ coverage with TSL - works very effectively in commodities. Please don't bite the noble hand that feeds you.
"15min SAR" - parabolic SAR in 15min chart.
Krishna said...
@ All, going by the comments regarding how Ilango sir's absence has affected trading, especially by old timers, I would say the most disappointed would be Ilango sir himself, for, after taking such painstaking efforts for 2+ years, updating charts, technicals, every trading hour, end of day comments, if he is away for 1 day, and you feel like you are lost in the dark, what have you learnt?
I developed a trading system for myself based on Ilango sir's education and I visit here just to get a feel, but otherwise, I did not miss Ilango sir yesterday, and yes I was in a trade yesterday and I had no doubts of what I should do with my trade when certain limits were touched. I am not saying I am making millions, but I think I can safely say "I am getting richer slowly and surely".
Thats my 2 cents. I hope you get the message.
I am not interested in debating this anymore, so, if you are offended, please accept my apologies, in advance.
@ krishna look like you changed after learning from ilango sir
Sir,
Hats off to your patience. But why this much of spoon feeding. They will swallow the spoon also :D
I request you to 'STOP ANSWERING TO JNSAR" trading method further and reply to "selected questions only" let them try to learn on their own. Let the students discussions "on"and u give the result who's best @ EOD. Definitely i will not be in the list. :D :) consider this "if u don't mind"
regards
@ all the Blogmates
Before the market everybody is same.
In fact 4 th grade student earn money in the market and
An MBA student loose it.
@Aashish,
You touched the regretful truth here...
Namaste Ilango Sir & Blogmates,
The Index in no mood to go anywhere; Option Analysis for 29-11-2011
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Rajagopal
:) Same number of arrows, however there is an increase in the number of "feathers in your cap". Can you help me in counting?
http://2.bp.blogspot.com/_uGZ_cw1Juw8/SK9MXRY3L6I/AAAAAAAAGg0/Qk_3196mNgA/s400/ceremonial+hat.jpg
vksoni, whats your point? I said Mr. Ilango was unfair in making that statement to Buzz. I never took away any credit for all the work he's done. Are you suggesting that if I commend a person on a good job, that I should never say anything negative if the same makes a mistake?
Just digest the golden words of Sir :
“Read about Stop & Reverse System of trading. Get yourself familiarized with it. It is quite simple. And believe in the system. Once a belief comes, other negative emotions will start to disappear giving way to confidence."
Whatever may be SAR number, the SAR technique is right at its place. It is we that we lost our patience and do not understand real guidelines of the technique in detail.
Why one should go on trading again and again during the entire day with frequent hitting of stop loss. He should stop further trading if stop loss hit for two times and wait for the next day with new SAR value. Why to lose patience and trade for so many times ….? Frequently hitting of stop loss makes the trader nervous and that trader cannot take good decision for the next immediate trade.
And why to evaluate SAR technique for short period. The technique itself insists to remain either in long or short trade for a long period of time, means one should not evaluate it only for one or two months trading…rather evaluate it for six or more than six months and then see the results of the technique. If you implement SAR technique with all disciplinary rules with faith and patience, in the long run it will definitely give marvelous rate of return on your employed funds. The only condition is to implement it with faith and discipline. And a result you will not find, even if you try, any single negativity for the system as a whole.
Ha ha ha Anuj. Hat is there. Feathers are there. But where is my head? Will crude touch 100.72 today?
I now understand why M/s. Elliot,Gann,Dow,etc all left so early. People would have killed them with questions.
Dear RG Sir,
We missed you and RM.
How is "drunken monk"?
Krishna not expected from you....
Sethu said...
MY SAR method takes care of these whipsaws simple
If you want to promote your service you can do that
anywhere ... please leave us. This is my humble request.
@blogmates
everybody can create his own SAR no.
and own trading system and it will be very much
useful for that individual.
rather than other.
what SAM says is correct.
Kumar Sir - I only hit a four. You lofted the ball out of the ground.
Rajagopal sir ,
May I ask you what is 2:30 factor , that everybody is talking about ?
Sir If I can read it somewhere , let me know the link .
Many thanks and Regards
Smita
जाने वो कैसे लोग थे जिनके
प्यार को प्यार मिला
हमने तो जब कलियाँ माँगी
काँटों का हार मिला
जाने वो ...
खुशियों की मंज़िल ढूँढी तो
ग़म की गर्द मिली
चाहत के नग़मे चाहे तो
आँहें सर्द मिली
दिल के बोझ को धुँधला कर गया जो ग़मखार मिला
हमने तो जब ...
बिछड़ गया... बिछड़ गया हर साथी देकर
पल दो पल का साथ
किसको फ़ुरसत है जो थामे दीवानों का हाथ
हमको अपना साया तक अक़सर बेज़ार मिला
हमने तो जब ...
इसको ही जीना कहते हैं तो
यूँही जी लेंगे
उफ़ न करेंगे लब सी लेंगे
आँसू पी लेंगे
ग़म से अब घबराना कैसा, ग़म सौ बार मिला
हमने तो जब ...
http://www.youtube.com/watch?v=cmWZHQAKMEk
Smita - Friends here know me using "Craziology" for trading. OK. I believe everyday by 2.30 there is distinct movement in Nifty. I also think that such movement is in +ve direction on Mon,Tue,Thu and -ve on Wednesday and Friday (TASMAC traders day. +ve means accelaration of an uptrend and pullback in a downtrend. If the trend changes on one day (i.e -ve instead of +ve) such changed trend recurrs on same day for next week also.
Perfect time to say Hi to dear Prof PS.
btw - kindly read and forget about it.
Come on Sethu. Only the offending scenes are cut not the censor certificate !!!
Beat a retreat. You have been trying for the past 2 years to fish here. I will try to save atleast one gullible from falling prey.
---
UKR - very fine. Thank you. I also hope to see RM soon.
:) Thank you Rajagopal sir for taking the time to answer.
Rgds
I like this...I couldn't stop laughing....
OMG...hahaha...
thanks
PD
Sethu i know u since VFM days. You have a good system.
Share it with everybody. That will make you a true
hero and earn you goodwill and punya.
I am sure even Ilango will be happy to know how
ur system operates. He is truly large hearted and
evolved.
It is not good that within the family we have to use
parliamentary language. Let us all share and learn
together.
RG sir,
Its heartening to see you in such a fine form. I guess your massage therapy really rejuvenated you. This one "sethu" should have been kept in "bandhan" a long time back by the banar-sena. But regretfully it must be done by nar-sena only...
I sincerely hope you will remain in JN for a long long time this time...
banghead banghead banghead
when last trade gave profit they all were mum
cos they did not had faith
and were not with JNSAR
They all are intraday trader, wanna get rich overnight
with one lot of mini nifty.
JNSAR is positional system my dear friends
Whipsaws are part of the game
If there were no whipsaws I would have been
In India’s top 10s list.
Dos
Follow JNSAR + Kar eaitbar = dault beshumar
Donts
If you don’t have any experience you got no right to complain.
If you don’t have any solution your part of problem
If you don’t have faith in JNSAR you are wasting your time here.
If you have a better system, what the hell you are doing here?
If you can make money every day, what the hell you are doing here?
If you are such a such a great TA to Challenge JNSAR, what the hell you are doing here?
If you are successful trader you must be at _____, what the hell you are doing here?
I bow 2 u
If you blog count is better than JNSAR, I bow 2 u
If your blog followers are better than JNSAR, I bow 2 u
If you have an excel sheet of your trades I bow 2 u
If you can post levels before trade is initiated I bow 2 u
If you are real Idiot I bow 2 u 101 times
@ Sethu,
Its good you have the holy grail. Good luck to you.
I still tell you... Go for Jaya. Avoid Vijaya.
Dear Sethu!
You must honour your words, you said more than 10 times that you will not come here and then you come again without invitation. Pls excuse all of us, we are novice traders and we are learning here & learning process never ends.
"Sethu said...
@rrknan
You are asking such a tough question r you serious or just a prank on me like others do
You can reach on my mail or googletalk or blog. I will not be coming here. All the souls will be happy here. Bye
March 15, 2011 2:24 PM"
Rajagopal Sir
Welcome back
will post a you-tube song when its confirmed return
after your intraday participation
Dear Sir,
I am sorry for all that happened today just like to
add my 2 cents as its again relates the psychological
part of trading
The majority of traders spend most of their time looking for good trades.
Once they enter a trade, they lose control and either squirm from pain or grin
from pleasure. They ride an emotional roller coaster and miss the essential
element of winning-the management of their emotions. Their inability to
manage themselves leads to poor money management of their accounts.
Dear Sethu!
Commode is never cleaned by tooth brush, one have to use toilet brush so no one will point out whatever you want. One thing is sure that no body wants you just bcoz of your past activities. So pls leave us & be happy with your system, its a humble request 101 times.
DRji/FIRE - always here. Read all posts late evening. Current focus and environment does not permitt intraday deviations. Also travelled to drop daughter at MIT and wandered for a month. Thanks for such affection. I must feel blessed and thankful to Sir for creating such a community (though it gets intruded as a snoring sound amidst lovely music).
Good Night.
(Sirji - I just found someone searching for Jaya and Vijaya at a traffic signal. Gadha kya janae adhrath ki swad !!!).
Lol Rjjjjjjjjjjjjjjjjjjjj
"Mala, make it three"... :D
A disciple went to his Guru asking for tips to attain enlightenment. The Guru advised, 'Take a Mala (rosary) and go up into the Himalayas and meditate.' The disciple went away.
Several months later, the Guru paid him a visit and asked, 'How do you like it up here in the snows?'
'Just fine, ' replied the disciple,
'And what about the weather? Don't you freeze?'
'As long as I have my mala and my chillum (bowl full of tobacco), I don't care how cold it is.'
'I am glad to hear it. Can I also have a chillum for muself right now,' asked the Guru, shivering with cold.
'Why not!' said the disciple. 'Mala! Would you bring us two Chillums?'
Nowadays lot of noises are made here regarding calls and views.No technicals, nothing simply they want to share in the name of studying.If one wants to learn ,has a doubt, raise your question,it will get answered by seniors.
Noises are misleading and confusing which happened to me today.
In Chennai every time it rains the gutter overflows and mixes with rain water, every time it's cleaned again next time it does the same...
Nanjil ,I like the way yo Keep It Simple ,Stupid
Ha ha DR. Only the Guruji was confused. The sishya asked how to attain 'nirvana' - Guruji told him route for moksha. Enlightened sishya combined it !!!
Good Night.
(btw - when you see Sethu and RG in the same page of JN whom do you recall/remember? (TOM and JERRY !!! and now a SCOOBIDOO is also added).
"Sethu said...
Nai vala nimutha mudiyathu" (you can't straighten the dog's tail).
atlast he stood before the mirror and declared at the image.
I am retiring after my century on my comeback innings.
Bye.
No need to watch Big Boss today :D
My sincere efforts to help people trade nifty options.
Have a look at it.
http://niftyoptionstrades.blogspot.com/2011/11/nifty-options-trading-strategies-for_29.html
nice blog.....
share tips
Hi everybody..
Although i am a novice trying to learn the art of trading and earning money n have been reading a lot of blogs for the past 2-3 years.. and i must take this oppurtunity to congratulate Ilango sir on the Tech Table n JNSAR.. 2 things which can lead to people being rich slowly but SURELY.. Any one who has traded will realise the importance of the word "surely" here.. Sir, I would request you to continue in the same way n all these noises will disappear sooner or later.. Have been trying to learn a bit of technicals n am confident that this is the place to learn with so many seniors around..
Hello Sethu Brother,
If you inadvertently used "MY SAR" and expressed regret immediately
after Rajagopal protested in his own style then things would not have gone thus far.
Today is the day lot of emotions are taking place in all directions and certainly at this juncture even if you evolved a system which gives better performance
then you could have shared it with Illango Sir and that would have been proper thing to do.. For people like me who are not familiar with this JNSAR system we spend our time with the hope we will learn from our blog mates. But the kind of discussion
taking place today negate the very purpose of this blog.
If you say market will go UP / DOWN give reasoning by way of any technical tools one is using and just make a comment that market will go down to
4100 / 3900 / ....0 or 5100/5400.......? has no meaning.
For example, Nov 2011 expiry contest reasoning was asked for your
projection. It was meant for avoiding wild guess and such guess will not hlep us to ake money.
So REASON OUT with details of the tools you are using it
If you say JNSAR is not working for you it is implied that your understanding of the system is wrong. Or alternatively you have found better system than JNSAR. If so
then you share your new found system other wise keep quite or quit this place.
It will be better for us to post only TECHNICALS AND
NOTHING ELSE DURING MARKET HOURS. May be expressing your feeling about your self and nothing about others. After market hours, we can make it free
for all sorts of things. May be on trial basis we can
give a try for a week
.......................................................
Sethu Said
it is an innocuous comment which was magified by a person with a perverted thinking and a person who claim curing everybody joins. May his breed grow so that he can enjoy more
November 29, 2011 9:56 PM
......................................................
If you are sincere about the above statement, I think you need to
express regret to Illango Sir and come out openly with your SAR for validation of your system by all blog mates. This is the minimum expected from you
if you are benefited from this blog. Other wise I am sorry for wasting the time of my blog mates.
Record???
Well, lot of comments but nothing of value. Let the Dog Bark Sir, JustNifty is an elephant, lets not look back. (nothing offensive mates)
Warren Buffet try making an identity for yourself. Why take the name of a legend?
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