Daily Tryst with Nifty

[AW10]

Fine WOD. I am not going to reply on this topic till next week (hopefully I will have enough patience for that). So you have atleast 2 days + weekend.

Action makes the difference. Knowledge without action is of no use. Get on to the job dear..

All the best.

 

[WOD]

Only for u WOD....try usng 15 min chart(instead of/alongwith 30 min chart) on Pride's system. The results will be mindblowing.

All the best:thumb:

PS: Do test the system for Jan 2009 before you put your real money online...And in case you get good results from Jan 2009, do let me know as well.

Ankit, I will be backtestin this in swing trade perspective and will be using 15 min as lower TF and 60 min as higher TF....will post the result...

 

[ag_fx]

Ankit, I will be backtestin this in swing trade perspective and will be using 15 min as lower TF and 60 min as higher TF....will post the result...

Wud wait for it WOD.
All the best again :thumb:

 

[WOD]

Fine WOD. I am not going to reply on this topic till next week (hopefully I will have enough patience for that). So you have atleast 2 days + weekend.

Action makes the difference. Knowledge without action is of no use. Get on to the job dear..

All the best.

Wud wait for it WOD.
All the best again

I guess you both have to wait for longer (for 2 months). Logging out from TJ for 2 months now (not only TJ but all other trading forums and sites). This break is necessary for me to figure ot the things by my own(they are in my head but need to apply & implement in trading) with all the suggestions and knowledge given by you. But will be trading these 2 months as usual.

When I will come back in october will come back with all contracts note.

Thanks for all the guidence and support.

Have healthy and happy trading......see you guys after 2 months.

 

[Sunil]

 

[Sunil]

Relationship between Nifty's price movement & Math has been proven many times:

Bringing in Fibonacci ratios for the fall from 4609 to 4415:

38% = 4485
50% = 4510
62% = 4535

and spot these levels in the above chart...

 

[Sunil]

Holding on to known support of 4480 -
50% level at 4510 coincides with 20SMA 5min, as of now - also the classical pivot level for today is at 4500

 

[Sunil]

4501 appears like Neckline to me of inv H&S - right shoulder in process
negation below 4485

 

[Sunil]

[10:56] tsunil4u: EMA's also positive
[10:56] tsunil4u: SL below right shoulder low
[10:56] tsunil4u: at 92

 

[Sunil]

Inv H&S target of 4525 coincides with 5min BB high of 4520........
hence booked 3/4th there