Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
53 comments:
Ilango sir, A/D ratio is in favour of bears, but nifty futures trading in 10 points premium!!!
why this is so?
dear sir ilango,
in nifty hourly chart combination with 21-SMA and 35- SMA incation that short buz 35 hour sma cross up the 21 hour sma.
now both are near to inchother
sir yr comment plz ? i am teaching from u right or wrong ?
regards,
alpesh
Sir,
you have updated chart which shows update of 3.00 pm too,
How is this possible at 2.45 pm
Lull before the strom (up)
Bell before the elephant (down)
Neither - it is
Cat on the Wall !!!
Ilango sir, thanks for ur advance 3PM figures, based on this, i went short at NF 5127. what is the SL? pl tell.
Reposting
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@ all
and those using amibroker/meta stock/any software
plz plz can u gv me intrday chart of RNRL fut on 22-1-08..(not high low but full intra day chart)
ths is urgent..i m not able find on nse website..
will really be helpfull
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ok may be a mistake
@rajgopal
Good one
liked it
Indications to carry shorts home
1st Signal – close below hour ema of 5132
2nd supporting signal – close below 5 ema 5123
Friends, Please correct if am wrong..
@manu i'll try frm i charts pls emntion ur email id
Good afternoon Ilango sir and all.
Rajagopal sir,
Elephant tends to move slowly - and storm just sweeps everything on its way. So the right similie would be lull before storm for down move and elephant for up!!
Signals are still not clear.
Market went below 5115 but again moved up.
@ all and piyush pa ji..
manunidhi21@gmail.com
thnx
sateesh a good technical explanation.
yes down move are faster
@alpesh,
If 35sma moves above 21, then it is bearish but it has not done so. besides Nifty still has not touched the 5 day ema during this upmove since 4835 which is strength.
Prices are yet to show the real weakness which will be below 5090.
Till then NO shorts are safe including our Conservative short taken yesterday.
@ Radha,
I have given the likely 3.00PM "Hour high ema" based on the highs for trading strategy..
Not mistake but intentionally done.
@assortZ
Incidentally, 5-H.ema and 5-D.hema both are at 5123! ... so a close below ... I don't know. Everyday I look at those indicators and next day Price says something else!!!
I wish I could trade those indicators ... :P
Rgds.
Myself and Rajb will be clear if Mr.Ilango or any other friends here will clear our queries..
Ilango
Nifty abv 5130(if it goes :) ) whats the resistance.
buy on dips finished in Sesagoa now sl ya targets.
Thanks Sir for Clarification,
still a kid in technicals
regards
Sir,
i think u have now given actuals figurs
Ilango sir, i hope conservatives are carrying shorts for tomm?
hi..Rajib, assortz,
Ema and their positions are to be used for confirmations of your trading plans as a follow up confirmations..
I do not use it to take trading decisions.
Besides, on a larger picture they give you excellent indications. Within hourly time frame during a sideways move, such whipsaws will be plenty.
Rajib, assort, radha, crime team all jealous elements coming here from MMB, and trying to spoil the show. why dont you get lost from this blog?
some tamil blogs for fun
http://settaikkaran.blogspot.com/2010/03/blog-post_10.html
http://sinekithan.blogspot.com/2010/03/blog-post_11.html
regards
rajamani
Bizagra,
= = = = = = = = = =
EXIT THE SHORTS.
= = = = = = = = = =
Ilango sir, the in the Hr.rsi chart when the last hour i.e 3.00 pm values are keyed in the trendline downward in your previous post is cut acroos and heading upwards. Does it signify more down trend?
ilango
again closing above highema. carry longs?
syamala
sir,
mentally prepared for stop lose @5190. i would like to carry shorts. that too only 25% of normal qty
Saravana,
Me not from BAD GUYS gang..i am sincere follower of this forum ..you can see my comments rarely but am here since 4-5 months..others know!!
@iLango Sir,
if ur SAR for Conservative short stays at around 5180 ... that will imply fresh long (am I right?)
In that case the ABC correction whose A from 5310 to 4765 happened, will no longer be at play!
So, my basic doubt is ... Is every 5 wave impulse to be corrected through ABC or straightway another impulse can initiate? (theoretically perhaps no!)
P.S.: Saravana, please these are not needed!
Hgh probability of testng 5200 next week
5169 - 80%
5180 / 5230
BTW>. right now at 5134
BN above 9170 for 5 min now
@ gautam
i thnk u wr long:)
Rajib, assort, radha, crime team all jealous elements coming here from MMB, and trying to spoil the show. why dont you get lost from this blog?
Can u explain it Sarvana or just u have to write some thing
hi..Rajib,
After an "ABC" correction, the "c" would have ended with a 5 waves and the next impulse can be 5 waves.
These are okay for academic debate. If you combine it with TA, the combination results are good.
i think u mistook me of Radhikanandlal from mmb
@Manu - Does not matter if im wrong .. as long as we protect our capital and make money..
Ilango - Sent you a chart yesterday.. Any comments?
hi..Babu,
The reason to exit the shorts:
The price has not followed a bearish map.
The price is always trading well above the 5 day ema and the 5 dema keeps rising.
I will get better trade set up.
Hi Friend,
Thank u for the L&T call - entry 1564 exit 1579.6
Thank u very much.
hi..Gautam Bajaj,
I am really sorry.
I have not been keeping well.
Since I promised, I started a new trading plan in my stockwealth blog.
Even Rajeev verma(aarvee's) mail has not been answered.
You are doing really good.
I will update them here.
@ gautam
i said long and not wrong..
i m a believer of u..look ur comments closely
Dear Gautam Bajaj,
Congrats.
@manu
Please check your mail.
regards.
sorry manu,
i cud find only 1 year data in icharts
Ilango - Get well soon sir! Take your time no hurry.
LoL Manu - Sorry I wasn't wearing my glasses :)
I have this thing for going short.. Did not want to take any risky longs so no positions right now.. Waiting for the magical 5200 to enter shorts..Next week Bears can take control. Expiry around 4980..
ANd we might see higher levels - 5300 / 600 in April.. ? Sometime in May-June we can expect our mkts to correct..
Rajagopal
welcome sir.
(hope u ver talking abt my call :) )
Rajagopal
Sir i hv actually learnt a lot from u & ILANGO sir.
so all credit goes to u both.
Dear Ilango,
Please take care of your health. Take rest sir.
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