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Van Ilango (JustNifty)

@JustNifty

25 Mar

Can one depend on Technical analysis signals for trading & expect to generate regular income? If TA helps you generate accurate signals with an annual return of 40%-50% then all the traders must be millionaires & no one would lose money, but that doesn’t seem to be the case.
1/n

So what are the limitations & how can one expect to EARN A LIVING BY TRADING
Larry Williams generated documented 100000% returns when he won Robbins Cup Trading Championship. He was teaching the EXACT Trading techniques & TA principles that he used in achieving these results
2/n

When asked during training If you are going to give away your secrets to everybody in the world, all will use them & if all will do the same, no one will get anything. So why are you giving it?
He said, " YOU ARE WRONG"! He further said, "EVERYONE WILL DO IT IS A CHIMERA!"
3/n

Read 12 tweets

Van Ilango (JustNifty)

@JustNifty

24 Mar

#McDowell has more upsides left; Use every dips to buy this.

#McDowell open & low same - From 550 to 555 done; will move past 558 to 561.5-565 zone today, holding 548.

#McDowell making high of 562.

Read 5 tweets

Van Ilango (JustNifty)

@JustNifty

23 Mar

@AshishB80286132

#Nifty as stated in the Pre-Mkt plan, weakness returns below 14685-690.
Till then, play the strength....buy on every dips..
@AshishB80286132

#Nifty
2 scenarios working..

1. Bullish - holding 14720
2. Bearish - keeping below 14805-825.

#Nifty update

1. Bullish - holding "14750" - (Revised)
2. Bearish - keeping below 14805-825.

Read 5 tweets

Van Ilango (JustNifty)

@JustNifty

23 Jul 20

Developing patience to allow the winner to run is totally an internal process. There is something that could be added here.

Make your trading process driven.
You take your entry based on the process wherein you find from the chart a low risk entry which is based on EW or TA.

Apply the same logic to hold the trade as long as your EW/ TA suggests that the trade is still on for the calculated target. The moment the reason isn't there, exit but hold on to the trade till the reasons remain.

Most important thing to remember is: there will be corrections along the way while you hold your position and during these corrections which can be just a "flat" or a "zigzag" and TIME value as well as some amount of price value disappear.

Read 6 tweets

Van Ilango (JustNifty)

@JustNifty

27 Mar 20

Premarket label..
At close yesterday,the vth wave was unfolding which is likely to test 8938 min. & could go higher too to 9050-9100
And, "IF" it holds 8700 approx., wave sub-dividing, the green scenario, could unfold
Hence, look out for the retrace of the last rise from 8454🙏😀

This retrace is critical for the day...

Sub-wave labeling of the 5th wave.. AFter another high, 5th is likely to end. On a more bullish scenario too, 1st of the iiird wave would end and the retrace from 8454 to the "new high" would come into play.

Prepare yourself accordingly.

Read 10 tweets

Van Ilango (JustNifty)

@JustNifty

25 Dec 19

To make money, seriously, in market:
Don't need to attend any courses, don't need to keep learning new things, fooling yourself with-"life is one big learning till the end", don't need fancy degrees, certified or uncertified
The stress here is that no one can ensure it for you🙏

If you are an investor:

A ST investor - Go with daily +divergences in Day T/f
A MT & LT investor - Go with + divergences of week/ Mth

If you are a trader:

Go with "both" +ve ^& -ve divergences in Day & week t/f

Will flood with divergences today!!😀🙏

What is divergence ?

Doctor takes your pulse/ heartbeat to know under current of yr body mechanism-& he finds illnesses in the form of abnormalities in pulse reading
A simple technical tool, MACD, reveals at critical junctures Mkt's inherent strength/ weakness-due for a reversal

Read 11 tweets

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