General Trading Chat

TracerBullet

Well-Known Member
Today two possibility may be in NF :-


(1) More downside in NF (LOD breakdown)

or

(2) we can see v shape reversal on up side and HOD breakout may be possible.

HEM
(3?) Today its breaking up, but Many times after V shaped moves, we get Triangle-ish compression

Hi Tracer Bullet,

Thanks for the inputs. Nice user name: Huge fan of Calvin.

Could you please tell me what ERL means in ST's method?

Thanks
Better read Subhadip's pivot thread from start.



In short, in downtrend LH1 LL1 LH2 LL2, Once LL1 breaks down its body low (without tails) is ERL and acts as flipped Resistance. But better read that thread and ST posts esp this.
 
That reminds me of a quote by Mr.Atul Suri(Jhunjhunwal's assistant).

Broker: Sir Nifty ka support 7500 pe hain
Trader: Bhai tu seedhe seedhe yeh bata ki bechna hai ki kharidna hai ? :confused:
:lol: :lol:

Maybe the broker said it when NF had bounced from 7500 to 8400 already!

I like Atul Suri. Doesn't muck around. Says what he has to say - seedhe seedhe.

BTW, don't think he would like being called an assistant :)
 

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