Following the prices, it was identified that there will be a tussle for "5971" with 5925-65(5933) as the support area for ST and Nifty managed to close above 5971 on 4th, followed by a close above DLEma(6001) on 5th and set to move towards DEma(6045) & DHEma+20/WLEma(6069) as long as it holds above 21 Hr Sma or the 61.8% of its last rise.
If you can't follow market after choosing a particular method/ study with discipline, do not label it a myth as in sour grapes. The tendency of most has always been to find the "blame" outside when it actually resides in "self" just as "most people look for GOD outside when He resides in us".
Life is all about getting newer knowledge and taking risks.
"There is the risk you cannot afford to take and there is the risk you cannot afford not to take"-Peter Drucker.
"It is not because things are difficult that we do not dare. It is because we don't dare that things are difficult" - Roman Philosopher Seneca.
If you can't follow market after choosing a particular method/ study with discipline, do not label it a myth as in sour grapes. The tendency of most has always been to find the "blame" outside when it actually resides in "self" just as "most people look for GOD outside when He resides in us".
Life is all about getting newer knowledge and taking risks.
"There is the risk you cannot afford to take and there is the risk you cannot afford not to take"-Peter Drucker.
"It is not because things are difficult that we do not dare. It is because we don't dare that things are difficult" - Roman Philosopher Seneca.
37 comments:
Good Morning sir & friends wishing you all profitable day
Good Morning Gurudev and friends
Good Morning Ilango Sir and Blogmates. Thank you Sir for the inspiring phrases.
Namaste Ilango Sir and blog friends
LV
Very Good Morning master and friends.. have a great day!!!
Good Morning Sir,
Very well said Sir, Very well said.
You are THE PETER DRUCKER of Nifty.
Goodmorning master and all friends,
Golden words of wisdom in the morning from master.Have a Great Day !!
Gd morning sir
Namaste Guruji.
An observation
The bullish meeting line candle of 4th was retraced a shade more than 61.8 but not 80 perccent showing bullish intent.
Gudmrng Sir and Blogmates..have a Profitable Day !!
good morning, Sir and friends..
Good Morning Master & Friends !!!
Sir,
"GOOD QUOTES" to remember for ever.
Good Mng Sir and Friends.
Sir
In the TT there are 2 sets of values.
The emas of previous close
And
The developing emas of current prices.
Please could u tell when to give importance to each set.
Sir ILango ji charan vandan and everyone good morning
GM Master,
Today 6065-6070 is very imp Pivot as 6069=DHEMA, WkLema, Tommo JNSAR, 80% retrace
gudmorning master and all frnds
Good Morning,
Happy Disciplined Trading!
https://skydrive.live.com/redir?resid=BE7C624779B57552!179&authkey=!AJVVZgDIHm_9-TY&ithint=file%2c.pdf
Good Morning Sir and Blog Mates
veerasamy
Good Mrng Master & friends....
happy day guys
Dear ALL
Namasthe....
can anyone pls tell me;
in Elliott wave naming why is that
* RED COLOUR NAMING AND SOMETIMES IN GREEN.
*DIFFERENCE BETWEEN i , (i) , i/1 , i/(1) , i/a something like tht.(i know they are sub-waves naming but m bit confused at some places)
*sometimes u have RED N GREEN naming together
sir i know, kind of dumb question m asking...
Thank you in advance:)
@sudhir
On rt side cloumns there are some basics abt this theory. If yu go thru tht yu will understand.
GM Master & JN Family,
Price trading @ 5DEMA.. critical zone @ 6059-67 NS (Gap / Dev.WkLoEMA)
Gd morning master n all blog mates
Todays trade idea -- play support. n resistance-/ openong range break
All the best
Dear members would anyone clarifies me ...
nifty from 5933 -6047 created Bullish 12345 abc
or Bearish a b c how it willbe clarified..
C=A was 6046.. todays high 6048 ...
Sir ji, Could you please block this guys 'Brajesh Narayan'
Why is he giving 2/- to 3/- calls. Ppl here trade nify for 250 to 600 points.
It looks he is here to disturb and distract others.
Please help me for my huge mistake I have shorted nifty @5971 now what to do illango ji and senior members please help me
Good Morning Sir,
Will crossing 6130 confirm that the upmove from 5933 is no longer corrective bounce or 6050 should be first signal ?
Good Morning Sir & Friends.....
@Ram: You have shorted when the fall is on a pause. I guess master alone can guide you. hedging is also another option
@ Ram:
If ur sure its a "mistake" , then u have done 50% of the work , i.e --> IDENTIFIED the problem.
next step is ACT on it --> CLOSE THE TRADE, if ur sure its a mistake.
Final Step --> pls trade with SL !
New Post Done.
@Ram....Every mistake is a stepping stone towards learning......:):)
Follow ur successfully backtested trading plan if u have one....
If not, then square off and get back to the drawing board, study, and pick one of the studies here that suits ur temperament.....:)
Have a wonderful day buddy..:):)
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