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Opportunity is Now-here |
turtlecsi
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Joined: 28 Jan 2010
Posts: 196
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Post: #1  Posted: Sat Sep 14, 2013 7:29 pm Post subject: Opportunity is Now-here |
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I am a swing trader using Nifty Options, using both Naked and Hedged strategies. I analyze Nifty using basic technical analysis and of course certain very very secret Indicator
Everyone is expecting 6050-6100 to provide strong resistance... Nifty is taking a breather around 5950.... Trend is still positive
Currently Nifty is poised at a critical juncture. Either it can fall to 5400-5500 zone or it can shoot to a ALL TIME NEW HIGH in the next couple of months ...
If next week we close above 6100... I will bet for a New High...
Trade Wisely...
Turtle |
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sambhaji_t
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Joined: 31 Mar 2008
Posts: 135
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| Post: #2 Posted: Sat Sep 14, 2013 8:03 pm Post subject: Re: Opportunity is Now-here |
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| please explain in detail |
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turtlecsi
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Joined: 28 Jan 2010
Posts: 196
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| Post: #3 Posted: Sun Sep 15, 2013 10:35 am Post subject: |
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Simple GANN Math....
As per W.D Gann ...If we add 5 years to an important Low/High , we could get an important High/Low respectively. In 2008 Aug/Sept, we saw Nifty form a very important High, where-from Liquidation started ending at panic low on 27th Oct 2008.
Now , if we add 3 years to an important High, we get the next High. On 5th Nov 2010. If add 3 years we get 5th Nov 2013. 2nd trading day after Diwali... another inflection point.
Trade Wisely....
Turtle |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #4 Posted: Sun Sep 15, 2013 10:41 am Post subject: |
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| turtlecsi wrote: | Simple GANN Math....
As per W.D Gann ...If we add 5 years to an important Low/High , we could get an important High/Low respectively. In 2008 Aug/Sept, we saw Nifty form a very important High, where-from Liquidation started ending at panic low on 27th Oct 2008.
Now , if we add 3 years to an important High, we get the next High. On 5th Nov 2010. If add 3 years we get 5th Nov 2013. 2nd trading day after Diwali... another inflection point.
Trade Wisely....
Turtle |
first you mention 5 years but add 3. also nifty high was jan 2008 and not aug/sept. and 3 years from then is not nov 2010. in addition, you added 3 years to low period in 2008 and then you are adding 3 years to high period of 2010. why not add 3 years to low period of dec '11? |
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turtlecsi
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Joined: 28 Jan 2010
Posts: 196
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| Post: #5 Posted: Mon Sep 16, 2013 11:20 am Post subject: |
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Dear Vinay,
By saying Important Top I do not mean the Highest Price. But a level from where a large decline starts. It could be a Spike High or a Distribution Top...
And a year need not necessarily have 365.24 days.....
About Nifty.... Looking at soooooo many GAPs..... I am getting a sick feeling .... Just bought some Necked OTM Puts of Sept Expiry....
Trade Wisely....
Turle |
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sureenderkalra
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Joined: 11 Dec 2012
Posts: 174
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| Post: #6 Posted: Mon Sep 16, 2013 12:11 pm Post subject: |
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| turtlecsi wrote: | Simple GANN Math....
As per W.D Gann ...If we add 5 years to an important Low/High , we could get an important High/Low respectively. In 2008 Aug/Sept, we saw Nifty form a very important High, where-from Liquidation started ending at panic low on 27th Oct 2008.
Now , if we add 3 years to an important High, we get the next High. On 5th Nov 2010. If add 3 years we get 5th Nov 2013. 2nd trading day after Diwali... another inflection point.
Trade Wisely....
Turtle |
Yes, it might be very beneficial for positional nifty traders. I have too read about important time cycle according to Gann which are 3 years, 5 years, 10 years and 20 years. [ see the attachment ]
turtlecsi, please explain by giving an example what do you mean by important high/low of 5 years and at which important no. of 2008 is to be added to get a future high/low. |
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turtlecsi
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Joined: 28 Jan 2010
Posts: 196
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| Post: #7 Posted: Mon Oct 07, 2013 11:11 pm Post subject: Opportunity is Now-here |
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Post RBI update on MSF rates, Nifty Spot should find strong Resistance @ 6000-6060 area for next couple of sessions.
Any down trend that develops in the next 3-5 sessions, can continue till the week of 21st-25th Oct 2013. Major supports are @ 5300-odd area.
90% possibility that we will not cross the High made in Sept post FED- un-Tapper decision.
Trade Well....
Turtle |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #8 Posted: Tue Oct 08, 2013 1:03 am Post subject: |
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| Can you breifly discuss your trades as well. In terms of what strategy we should use to benefit from your view if that unfolds? (Also give some "basics" of secret indicator!!!! pls pls pls pls ....) |
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turtlecsi
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Joined: 28 Jan 2010
Posts: 196
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| Post: #9 Posted: Wed Oct 09, 2013 7:05 pm Post subject: |
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As expected Nifty has run up towards resistance area 6000-6060. Its highly likely that Nifty makes a trading high in the next 1-2 sessions. May be INFOSYS proves to be the trigger for the topping out event. Lets see how price action pans out. I am still expecting Markets to go down, going into 21st to 25th Oct 2013....
Trade Wisely....
Turtle |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #10 Posted: Wed Oct 09, 2013 7:14 pm Post subject: |
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| I have the same view as yours "trading" high ..key words....but would u revise your downside target...any insights on how you read the market and levels shall be really helpful to all |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #11 Posted: Thu Oct 10, 2013 5:30 pm Post subject: |
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Alternate Scenarios:
INFY Result Better than Expected: Stock can move to 3350-3400 area. NIFTY can move toward 6250-6300 area.
INFY Result Not as per Expectation: INFY can fall to 2650-2550 area. Nifty falls to 5700 or lower level.
Current position:
6200 CE Oct Expiry
5600 PE Nov Expiry
Trade Well...
Turtle |
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turtlecsi
White Belt
Joined: 28 Jan 2010
Posts: 196
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| Post: #12 Posted: Fri Nov 01, 2013 10:03 pm Post subject: |
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Markets have a tendency to move to from One Extreme to another. In August 2013 Nifty went to Extreme Bearish state. And that formed the passage for its move towards Extreme Bullish levels. Today Sensex made a new Life-time new High, and all TV Analysts were going ga-ga over it. But we need to be watchful. We are approaching Diwali , a turning Point of importance. For GANN followers we have a Solar Eclipse on 3rd November. Pay attention. NIFTY Fair value stands @ 5850-5900.
Invest Wisely,
Turtle |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #13 Posted: Fri Nov 01, 2013 10:09 pm Post subject: |
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It ALL depends on us.
Opportunity is now- here?
Opportunity is no- where?
Cheers, Happy Divali, Prakash Holla |
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AmitSwl_FnO
White Belt
Joined: 18 Feb 2013
Posts: 75
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| Post: #14 Posted: Sat Nov 02, 2013 9:44 am Post subject: |
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  ..pkholla...happy diwali
amit |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #15 Posted: Sat Nov 02, 2013 5:38 pm Post subject: |
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| AmitSwl_79 wrote: | | pkholla...happy diwali amit |
Amit: Happy Divali and Prosperous NY to you and other ICians also! Prakash Holla |
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