Nifty entering the budget day with "Week & Day trends being down fresh", utilised the "intra rises" to sell & assert the trend supremacy.
5 period Ema/ average's trend indicating nature is amply demonstrated today.
Learn quickly the High emas' "upward momentum" indicating nature.
Learn quickly the Low emas' "downward momentum" indicating nature.
Learn quickly the Close emas' "Trend" indicating nature.
Trader's life would be forever easier with these.
The analysis here has never taken "Volume" into account as "No price will remain quiet with a significant change in volume" but there are misleading volumes when funds trade scrips in their portfolios.
This is not to discourage "volume followers" but to state in an assertive way that "Price has in it everything you'll ever want to know to make money".
To understand the prices, we study various methods, each having their strengths and take those strengths only.
Talking ill of a method would distract you. If there is a merit in it...go for it. If there is none, what in hell are you fiddling with it.
The biggest challenge for all of us is to remain "Objective" and once you habituate it, it is then just "action time".
51 comments:
sachin done it...100 centuries in international cricket ....proud moment for all of us......
True sir,
And P&F is the best for only price (a little biased but no disrespect to other methods). It does not give astonishing results but in last 4 months it has given me 49 trades 25 wins avg 1786 points. Only if I would have stayed with my trades I would have got the whole of it. But I meagrely managed some 700 points. Thanks for your teachings. Methods might be different but teachings are fundamental.
Regards,
Rajib
@ Sir
I have a question.
Please kindly tell me why there is buy in Pre-market
view at 5405. Who do decide this trade ?
Thank you so much sir
Sir, I am not able to find close ema in the TA. Is it the
last hour low ema? Pl explain. Also sir I am sorry to say
that since yesterday afternoon I was short on Nifty as per
the TA but got biassed because of the pre market's CAMRI
LLA PIVOT and went long above 5410. Also the IHS PATTERN
created bullish attitude and I had to cover my long positions
with huge losses. I do not intend to blame anyone but want
guidance from you.
Beloved Master
nice that you have included Cam nos.
thanks
Dear Sanpot
if you don't mind i would like to give a simple answer as regards Inverted H&S pattern:
Nifty price has not broken out of the neckline with a good
volume to make it tradeable.
today having been the B-day, market was supposed to be
quite volatile. see the wild swing of gold today
SANPOT, even if you were wrong, your losses should have been capped @ 20 points, which Master always insist...how many points away was your SL ?
guys ......I thing newbies should not take trade with
out JNSAR .First master JNSAR and
along the way pick different methods to adapt
to JNSAR to mange trade .
Cheers
@ SANPOT,
Why huge losses...? Got frozen. Got distracted with other methods.
Then, you have no plan. OR you have excellent plan but have no faith in them.
You're conveniently blaming camarilla but did nothing to short @ 5353.
Did you not read my warnings of "I get only bearish views".
I will share only "objective views".
You better learn to "Follow" whatever you choose.
I have always suggested a stop loss of 20 points.
And I am very sorry to say this: You need to work on your execution part.
Let me know "Why you shorted as per TA?" and Why this sudden "Love" with Camarilla..? Is it because of my demonstration of camarilla.?
I'll continue to demonstrate many more studies. Are you going to fall victim to "distractions"????
I'm here to demonstrate the "application aspect" of any study.
No one can say where the market will go though everyone continues to announce it here often.
You better follow a method to beat this madness.
I did say: Now the statement goes like this:
"Below month pivot 5391, S1:5154".
This does not mean that I close my eyes and wait for 5154. I'll micro manage with week pivot table/ Day pivot table etc.
Markets are changing for each time frame continuously. Which T/F are you playing for..?
Don't lose money this way. Lose some following your method. The method will make it up to you if you are loyal to it.
I can't stop my demonstration just because you chose to follow 25% of camarilla & left the remaining part.
DR said "Camarilla Long 1st target reached @ 5435. Did you part book...?
Did you manage your positions.??
Think hard. What's going in your mind when you hold a position that starts to lose money. What you do..? Conveniently use "Someone's name".
Believe only in yourself. Only in your works.
I'm demonstrating "how I work" and I just can't show everything through this medium however hard I may be trying.
Please take care of yourself.
I have been active last 2 weeks to motivate a trader who lost money in the market. I attempted to "hand hold him" and I do not know whether I helped him to recoup.
Knowing your interactions here, I'm sure you'll do well in the coming days.
All the best.
Bala, I trade mostly positionally and with day JNSAR.
Hi Jignesh,
Answering to your question. Today, I followed Ilango Sir's HH-LL technique (applied on 15 min chart) and gained some points. Here is my log: (Nifty March-Future):
Buy-Entry @ 5429 (time: ~9.30AM) & Exit @: 5452 (time: ~11.45AM)
Short-Entry @ 5425 (time: ~12noon) & Exit @: 5345 (time: Near End of day)
(most of the days I have lost due to lack of dicipline.)
Thank you Sir for for your exact diagnosis of my problem
and the perfect treatment of that. I will definitely improve
from this moment. I am thankful to you for that. Sir please
answer my querry that if I am carrying a positional trade
based on day JNSAR, should I follow stop loss in that case
also? and is the close ema same as last hour low ema?
Thanks and Regards.
Sanpot Ilango has said everything and there is nothing
more to be said.
Everybody pays fees to market initially which is the
learning curve and without failure there is no success. So do not be disheartened.
Trade only positionally until u are able to make
consistent profits and are able to master ur emotions
and in this positional trade stick to one system and
one number.
Once u make consistent profits positionally only then
go for intraday trading.
Budget day is not an easy day for any trader.
I have not traded yet intraday as many times
i lost due to no idea, and trying to understand
master illango and other masters. but illango
sir's levels are i am speechless.i think it will
take me more than a month to understand properly.
sometimesbullsometimesbear, I rarely trade intraday, but
positionally, on JNSAR. But I am still not clear if I SHOULD
maintain stop loss in this case.
I posted
========
Dinesh Rishi said...
Whats next
HL5 5481 Immediate upside target after Break Out
HL4 5435 Break Out on the Upper Side
can somebody tell me where to XL
Stop-loss =XL
March 16, 2012 11:29 AM
==============
was I asking for SL?
it was hint either book or be strict on SL
===========
.:$:. Never do day trading this is fact 95% of day trader loose .:$:. With day trading, the only person getting rich is your broker .:$:.
============
And Anil posted his experience regarding Cam levels twice for the particular situation
@Parial ji,
Please tell me where Cam Nos. is included.
POT - no worry.. hold Sir's little finger..u will cover all loss very soon ..past is past.. without paying "market fee" one can't survive in ths field.definitely exceptions may be there :) kundali strong.
A STRONG REQUEST - becoz of the "popularity of CAM" pls. NEWBEES DON'T try.. even who's trading JNSAR.. please carry with on that only don't try to change your system immediately..
Advani - i believe "you r little bit emotion" with "camrilla" pls. take care..i suppose to say when 5306 comes.. second time (second week) when it comes i said it will break.. but u said "go long cheers" don't come to conclusion very fast and don't do often when it comes book profit and out..don't be greedy unless u know the system well. don't mistake me.. "money is king" here i learnt after "lost" heavily.
The stock markets are like the four lane track!
the uneducated people get stamped, in the name of god or guru
,
Was any of this gurus, or followers ever predit the top!
I am sorry.
It is another waste.
Thanks Sujatha for boosting my moral. PL answer my 1 question
now as NFTY has hit the JNSAR, I will be short on Monday
and trade positionally, not intra day and the prices move
up by 20+ points should I cover my shorts?
Thanks.
Dear Ilango Sir and JN Family,
Today i also fell victim because of my indiscipline trades. I was doing well from feb 15th, but today!! I am sharing this after a lot of thinking. I was shy to share the lose but Ilango sir/JN family always not only teach technicals but also the discipline(which i lacked today a lot).
However strong you may be in technical, if you are not disciplined in executing your plan, you lose.
@Sujathaji
this market and the world market have
taught me a lot. i am trader from 1997
Did my time in Ny for 24yrs lost a lot of Coins
big one's in NY on the floor of the nasdaq
Moved to India in 2007.I am sorry if I am sending
wrong Signals
I will keep my motions to my self
cheers
pls correct my emotions
SAN - Thanks for not take "it in other way". don't get confuse much..take divert ur mind in these week end come fresh on "monday" check the pre-market view..it will give u clue and Sir will guide
generally on "JNSAR POSITIONAL TRADE" "somany cooks spoils the broath" i don't want to be "one cook in that" and moreover personally "lot of JNSAR experienced JN-MATES" are here 199% better than me :) sure. always 'two doors" entry, exit.. let us enter .. don't worry
hi jayarman,
cam nos were included in all the posts in the TT Table in
market hours today.
@ Sanpot
Thank you for sharing.
@ Ilango
Thanks a lot for detailed answer to SANPOT... That did answer my queries as well
@ Sujatha
Good that you issued warning on 'CAM'..
http://www.youtube.com/watch?v=nPlDt1R8Qfc
@S. Ganapathi Raman ji,
You hit the nail correctly by saying
"most of the days I have lost due to lack of discipline."
1. Most of us don't make a Trading Plan in Writing.
2. Even if make one we don’t execute it for lack of patience or the doubt created in the course of trading.
In the first case it is clear random trading and we are bound to fail.
In the second case we become victim of our emotions. To control emotions we need to execute as per our plan.
In a day like today when market moved 50 points in two mts. What one can do. By the time you react your capital has taken the beating. If one religiously followed the SL major losses could be avoided.
Most of us think that trading is a "defeat and success". This results in false hope and we throw all our learning in to winds. Unless we change some of the basic understanding of trading we may not earn money and instead we will be losing money. Unless we stick to our plan we can not earn.
ALWAYS HAVE A PLAN AND EXECUTE IT AS PER THE PLAN. IF MARKET MOVEMENT IS NOT AS PER YOUR UNDERSTANDING THE FIRST THING ONE COULD DO IS CLOSE THE TERMINAL.
This will save the capital for the day which you can use it for the next day or so.
jeyarman sir,
neenga forecast panna maathiri ayethavathu ??????
@ rasasen Avl.,
One of my postings I have mentioned 5200 zone
couple of days before.
======================================
Jayaraman said...
Please read as ......
and if at all any correction takes place it is limited to 80% of the rise from 5171 to the level at which it will reach.(5499 / 5577 )
March 14, 2012 3:31 PM
=========================================
@ rasasen Avl.,
AS per my understanding 5200 is the maximum down side target.
parminder ji,
Thanks. I really missed it during the day. Thanks once again
@Those who really want to buy the book get it here also
http://www.infibeam.com/Books/info/Beckman/Elliott-Wave-Explained/9788170945321.html
Cost here is Rs 344
And one more place where buy at discount cost Rs 276/-
http://www.homeshop18.com/elliott-wave-explained/author:r-c-beckman/isbn:9788170945321/books/miscellaneous/product:24740226/cid:14567/
@SAM,
Pls help me. I have some Elliott Wave E-books. I want
to share it here. How can i share it?
Regards,
Nilesh
@Vasanthmirle ji,
Your analysis using GANN method has opened another avenue for price action and timing. It will be of great help if you can give detailed GANN analysis of the following posting.
___________________________________________
...... BASED ON THIS ASSUMPTION WE CAN PREDICT THE NEXT TURNING POINT WILL COME ON EITHER MARCH 21ST OR MARCH 22ND 2012 AND THE HIGHER PRICE ON THE NIFTY YOU CAN SEE IS 5887 IF NIFTY CLOSES ABOVE 5572 BY THE 16TH MARCH 2012 OR YOU CAN SEE THE LOWER PRICE OF 4983 IF IT CLOSES BELOW 5288 BY THE 16TH MARCH 2012.
____________________________________________
Thanks in advance
@suresh,
Send a test mail me. I will send you some e-books.
Nilesh,
You can use Dropbox to share your files.
@Nilesh sent you mail pls check.
FIIS DATA
Date Gross Purchase Gross Sales Net Purchtase/Sales
16-Mar-2012 3490.69 2607.11 883.58
intreption of this data....
Dear Jayaraman Sir,
I am very new to Gann method of trading,the price&time
action interested me because we get ample time to fine
tune our trade setups which delivers maximum profit with
minimum loss.
The basic premise for the above assumption is that nifty
is currently taking 15 days to make a turn & the range
is 226(6338-4531/8). The current range of nifty is
5629.95(22/2/12)& 5171(07/03/12) (226+226 =452)nifty
made 459 points 15 days
Now nifty's expected next turn is on either
21 or 22nd March time i.e. (7/3/12+15days). March 21st
happens to be the spring equinox & also the spring rally
starts or culminates around this date.
The price action will be as follows all time high is
6338.5 and the current low is 4531.15.
(6338.5-4531.15=1807/8=226). Add 226 from the low we
get the following:
1. 4531+226 = 4757
2. 4757+226 = 4983
3. 4983+226 = 5209
4. 5209+226 = 5435
5. 5435+226 = 5661
6. 5661+226 = 5887
7. 5887+226 = 6113
8. 6113+226 = 6339
Gann stressed on the 50% level, in this case 5435 is the
50% level. So 5435 is my JNSAR. Go short below 5400 with
stop loss of 5441, closing below 5288 add positions &
closing below 5209 confirms 4983.Same way closing above
5435 go long with stop loss @5386 for targets of 5572,
5661 & 5887.
I was long on nifty at 5475 on 15/03/12 sold @ 5495
& bought again @ 5410 closed long @ 5441 & am
short now @5386 with stop loss @5441.
let us see how it plays on Monday.
Hope I have made some sense.
Regards
vasanth
hope I made some sense.
regards
vasanth
SIR , so nice to be here ,in world so many analysts ,
so many theorys ,so many many indicators ,robots and algos
and whatever ??? all in all conclusion is to go with a
system and follow it all the way , as no system in the world
is cent percent and all have their limitations and failures
from time to time .
I have prepare some simple calculations which does not require
anything rather then a pencil ,a paper and a calculater and just
need high/low/close and a simple calculation theory to derive
levels and play .
system is capable of providing proper entry ,exit and TGTS...
Recently very much impressed with " ichimoku " but my system
outperformed it several times in last months...
pl take out some time from u r hectic schedule and visit
regards , CHAK-RII ( just started )
Vasanthmirle ji,
Thanks for the explanation. I am also VERY NEW TO GANN. Actually I wanted to know the reason for 5288 and 5572 and the date 16th Mar. Now, you have informed that you are also new to GANN and hence I will not trouble you any more and any way my sincere thanks for your effort.
guys 2012 high will 6000++++
watch out
watch jan series high 5171 it close above this in feb series
so it is bull market above 5171 spot levels no worrys we can see 6000+++mark my words
if u get near this one can buy and enjoy
Fno game was started in India in full swing after 2003 … after that this strategy appeared in real value and till date working without any single mistake... This strategy works only with index (nifty) not with stocks … but investors can take full advantage of this strategy for building portfolio... Even traders also can get realistic idea of market moves like fiis, diis and big players.
Magic for you.. start from 2003 ……… watch 2003 nifty Jan month high its 1105.60 … now watch data of coming months of 2003 only when nifty closed above Jan month high … if m not wrong then it is may 2003 when nifty closing price was 1106.80 .. Means above Jan 2003 high price.. And pls watch after that nifty never came down below Jan 2003 month high on closing basis till 31st dec 2003. According to strategy it was clear signal for market player to go long after may 2003... For whole 2003 year.
Now just watch 2004 Jan high – it is = 2014.65 never closed above this level in 2004 whole year means clear signal no buy in 2004 .
2005 – Jan month high was 2120.15.. Closed above on monthly basis in June 2005 @ 2220.60...again after that never broke Jan high on monthly closing basis in 2005.. Means go long after June 2005 till dec 2005.
2006 – Jan high 3005.10.. Closed above this level in feb 2006.. After that never broke the same... Clear buy signal.
2007 – Jan high- 4167 … closed above in may month 2007 … never broke after that.. Clear buy.
2008 – Jan high -6357 … never closed above this level in whole 2008... Means no buy... Only sell... Touched 2252 in that year.
2009 – Jan high – 3147.. Closed above in apr 2009.. Never broke after that made high 5221 after that in 2009.. Clear buy.
2010- Jan high – 5310.85 closed above in June 2010.. Hit 6338 after that never broke.. Clear cut buy.
2011 – jan high – 6200 never closed above this level in whole 2011... Means no buy... Only sell... Touched 4530 in that year.
9 years data in front of you …. If still in doubt then only God can help you … thanks... I love you all.
So watch 2012 jan high it is 5170 spot wrigh it down if it cross then we will see bull market other ways down
Data is collected with best of my knowledge
@ india nsebse(hari)
excellent logic and study hats off !
Dear Mr.Hari,
Excellent observation sir, however, the nse data shows
5217 as intra day high and 5204.7 is Jan spot closing
on 27th Jan 2012.
regards
Vasanth
Hi nilesh,
can you send the books to me too. I do not have
ur email to send across a test mail. My email is
ankit_solanki@hotmail.com.
Namaste Ilango Sir & Blogmates,
Budget Day passed and neither the Bull nor the Bear took away the price-Status Quo Maintained: Option Analysis for 16-03-2012
Yearly, Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
i agree with india nsebse(hari) that we are potentially forming a set up that will
take us to 6000 levels on nifty by End of year....on chart i am seeing a"W" pattern
which means we will testing 5200 levels once near to 200 DMA again in this
down trend and then move up gradually and go right up to 5600 levels...then
break it past to go up to 6000 levels(which is 400 points from 5600 -5200 in
the W pattern formation)....also fundamentally this likely to support since RBI
will start cutting rates and earnings will improve in the coming few quarters..
I WILL CLOSELY watch strength of bears near 5200 levels and with stop of may be
150 points go long for target of 6000 by year end...Happy trading!!
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