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 ...
64 comments:
Circulated info:
FIIs WHO BOUGHT 4200 - 4300 JUNE PUTS 2 DAYS BACK....HAD BOUGHT SAME QTY NIFTY JUNE 5000 CALLS YESTERDAY MORNING.....MARKET INFO
Firengi confused???
well anuj thanks for the compliment,
will study it first reading suggested that its quiet deep.
well if u look so hard for divergence u'll find one, but profitably
trading it and when to trade it is another thing.
not that hardworking as it appears :-)
@ GG,
Please do share your trading experiences both successful as well as any minor failures....
I wish you get a consistently flowing trading successes.
Ultimately only your application of what you believe in will bring you success.
"Out there, You are always alone".
Dear Ilangoji,
I am regular reader and silent follower of this blog.
I do not know nothing about technical analysis.
i do put/call in nifty and stocks also. Three days
before i short the market and some stocks at 4860
based RV's gimmick analysis and our Hero Rajagopal
also said same also. Now i am in huge loss.
what shoould i do? put/call only june series. or shall i wait? please give
your valuable advise. I am also with Hariarani point
of view. even yestarday RV say for short again i
averaged now more loss
Now i sing a song
Ringa Ringa rosa
Pocket full of losa(lost)
Can someone help here... I have following thoughts:
- Nifty is trading above high emas sugesting taking Long... but there are immediate resistances near 5050
- Shorting here does not support the TT Tables' priciples.
What should we be looking for in such situations? Sorry for basic queries, as I am a very heavily experienced loser!
Seems R1 is a tough resistance to cross.
Sir and freinds i have news that monday europe and us markets are closed. Plz confirm
"Hero Rajagopal" (nice title).
The whole of last week, every single day,all "Down" shares had "OS" status in both day and week readings, and had a raider "Caution.Trend may change". I grieve your loss RS. But you cannot say all/none of them went below the suggested entry level. Since I use the table for trading and profit from it. If we hold on to our positions in expectation of bigger margins, we cannot make any Hero a Villian.
I don't remember exact words of RV's post. But he would have only said "I WILL SHORT...with a STOP LOSS". Did you follow it? THE STOP LOSS.
I am sorry you lost. The first condition for using the table 'REMAIN WITH THE TREND".
Nifty has fallen from the resistance line of
the daily falling channel(chart posted at your mail)
9 hourly rsi ovebought and now pointing down
Huge discount in NS and NF.....
And even in BN also huge discount....
-arpit
Yes even i read US mkt closes for a holiday in Mondya
Dear Ilango & Blogmates,
This is the time of time when help is required for a trader.... when everyone is getting confused on what to do.
Can the more experienced & talented ones throw some light on the situation when we are at crossroads.
Thanks to all for sharing.
@jay
yes you are right
Memorial Day
http://www.bloomberg.com/markets/ecalendar/
sir
bajaj hind ws waiting me to nt 2 carry..
its just who cn sit tight
Sethu
yur levels are Nifty sdpot or futures. Also I am getting confused when you say intraday short target is 4950 but stop loss for 50% long is 4980. If you are expecting 4950 why not sell 100% at 5025+, why wait till 4980 then lose 45 rs and make profit in intra with 4950 tgt
@ all
when confusion is there dont trade
keep silence and watch signal to generate
not necessary to trade at every point
THIS IS MY UNDERSTANDING
Sir,
If one has a capital of Rs.100000 how many lots of
nifty futures should he trade?
Yes kkay :) that's been the paradox of ages. When in Doubt Stay Out!
But, we remain confused ever... till we master!
@ RS,
You caught the tail unfortunately.
"Aarvee's" original shorting at much higher levels.
When he mentioned "shorting again", the trend has not turned up.
He air's his views whenever he can - rest of the script has to be written & executed by individuals.
There will be another downmove possibility is still existing - but only after a rally to correct the "oversold market".
Remember this : In market as with life, the responsibility of "choice" is ours. You must always know your risk.
Did you make a trading plan with "entry, target, stop loss as well as contingent plans involving hedges, etc".
Many have positions created at different levels and their views may be biased based on their positions and they may be in big profits to take a bigger risk..But what about other's entry level..It finally comes to only "You".
Sooner you realise this, you will consistently WIN.
Hai everyone
TATAMOTORS CHANNEL HAS GIVEN GOOD TRADES. MACD CROSSOVER IN DAILY CHART WILL TAKE THE STOCK ABOVE 800 FROM CURRENT LEVELS. I HAVE UPDATED THE CHART WITH MACD.
http://niftychartsandpatterns.blogspot.com/2010/05/tatamotors-channel-and-macd-crossovers.html
THANK YOU
Ilango Good Afternoon. Typical consolidation timeframe at these kind of level & situation is how many hours /days as per you ?
Dear Bhope!
If u could not make profit in last two days spectacular rally then u should not trade rightnow either u will burn ur fingers bcoz this time risk reward ratio is not good. In my view short term trend is up so Buy in dip will be best strategy, Buy between 4950-4975 with stop loss of 4925 and and target will be 5065-5100 in coming week. Choice is urs....
Thamks for confirming freinds. Ilango sir should we hold TISCO for a week or more?
Thanks Kumar.
But, if we feel that it will go to 4950-75 then why dont we short? and maybe if it doesnt correct at all then? It would be the same situation as past year May... when every retailer kept waiting and market kept flying...
What do I make out of the moves so far.
1. Prices have come so far away from simple averages like 5 ema. By doing a sideways move, it is bringing the averages up.
2. As per EW, a corrective "a" to days low, since then a complex "b" up is on (to 5050..?) and another "c" down pending.
"Longs" at this level is risky.
If it comes to VAH-4983 or closer, one small part of long could be created keeping in mind the daily TA.
So here's what I see.. sell today buy tomorrow at4950
yes sir,
and
"By doing a sideways move, it is bringing the averages up"
is an education
thanks
and buy tomorrow for a gap up on Mon
Been out of action for a while
GB:HI and How is your Father?
We have "Travel time" couple of month back. Looks like hospital time now. Your father,Ilango's mother (both back home), my BIL (he is having gala time in ICCU,Appolo). God stop the down trend-it is OS now.
SAN : TMF, your second chart this week? Based and convinced on your first reading, I am LONG. Will hold. Thank you for the efforts.
Thanks Ilango for that paradigm! It clears some clouds now...
Dear Gautam- How can we STBT when acc. to you - Monday would be a gapup?
head and shoulder in nifty
We "had" Travel time...
GB - read SAN. One is Tata Motors...cooling in spite of superb drive.
GB, howz dad !
and GB, today Friday
hi Gautamji,
tomorrow is saturday, do u mean buy on monday
for gap up on tuesday
Regards
buddy
Hi RG.. dads better.. Mom's next. Apart from that my baby
sitter got burnt yesterday with hot water.
not sure what else is on the cards.
yep itsmebuddy
Dear Gautam!
Sorry to know about ur mom & son. U can give CANTHARIS-30 three hourly to ur son, its a wonderful homeopathic remedy for burning. Stock market is my profession but Homeopathy is my passion so don't hesitate & give him, sooner u will see the fantastic results. God bless him...
@all,
I want to see Nifty breaking 5050 convincingly...
Can somebody help me out for AmiB as my 5.20 (cracked)ver stopped working.Tech savvys like Anuj,Aarvee,Gautam,mok,rm...ur help would be appreciable.
Mok hes better thanks. recovering.
RG - I would stay away from Tatamotors.. 750 / 60 n then down n then up
maybe to 810 but will face huge resi at 750
stopped working amiri? can you elaborate?
Kumar thanks.. its the baby sitter shes better now
will b back in a bit
amiri
cracked, with amiquote, amiquote can sense it i was told
@Gautam
While you were away, I made my own blog and I want you to see and suggest me about it.
it's http://indianiftyanalysis.blogspot.com
Thanks.
GB..my AmiBroker 5.20 (cracked Ver) stopped working.Do you/anybody have cracked may be lower ver with dll key.I heard 5.20 cracked ver will no longer run now.
GB-Misery comes in waves (at times Elliot waves). All will be ok. Normally in hindus, the head of the family is advised to do Navagraha walking on Saturdays - if possible "Sani Preeti" also. If you are a believer, do it. The Ganapathi temple along Kabban bagh (below road level) is a good place.
Infant Jesust is very a good pain reliever.
Just be strong.
Kumar
hi..my daughter is having convergent Squint left eye..
she is wearing a 6.5 + no. spectacles aged 2yrs 8 months
any solutions
@ilango sir,
I just noticed the close vs Hema through the day getting closer. Also 5-D and 10-D becoming red. You already said this in ur last post. So wait it out ? Short is risky at these levels ?
Thanks
gd
@Amirishali
I dont use amibroker..I could not configure it.
will eagerly wait to see.....GB's response
Hi Manu - Take a trip to Chennai. Sankara Nethralaya - Best in India. Want to try ? Anytime. You have lot of friends here.
HI rs and all,
1. grieved at your loss ,more so because u followed me ,more so because u didnt follow the s/l 4969 above ,more so because it was apersonal bet not trading reco. to any of ur queries,more so because u came in late ,more so because for ur understanding that TA is a gimmick.
2.Yes the trend had given the indication of turning up ,but with s/l mentioned and resistance zone mentioned 0f 4940-60 ,one can definetly have traded the probability with this small s/l ,and benefitted if the market whipsawed to come down again.
3.not to mention that i went short at this levels ,few friends followed and got stopped out ,seeing the negative diversion i countinued ,added more shorts yesterday eod seeing hrly o/s. shorted again at opening ,covered major part of shorts in minor loss below 5000nf.still holding that minor shorts.will get out today to make the slate clean and reenter next week either long or short.
4.It doent pays to go against the trend ,even if it does due to position sizing etc.it is a mistake and should not be practised.
5.dont take it hard on yourself and others .learn and earn.
if u see any recos that u need to follow,pl. question your doubts.
nobody invites any body to trade his reco's. u do at ur own .blaming others wont help your further learning process.
US market closed on Monday on account of Memorial Day Holiday.
UK is closed on Monday on account of Spring Bank Holiday
Umesh
kumar,
Last 2 days. I am having a big problem where I am not even able to eat any Tamil Nadu food. Not even chutney with no milaga. All food (made with very little Karam) feels so karam in my mouth. Yest. I only ate 1 apple for breakfast, little kangi + thovale for lunch and 1 apple for night.
Today morning again had only idly with very little chutney. Now I am unable to eat afternoon food. Rice + Vendakka kulambu with no karam. So eatingh just mangos.
My wife says it is vayiru punnu. Do you have any idea how to solve my health.
@ gd,
Because we could anticipate a sideways day, a small range trading is possible.
One should not risk "more" in SL.
If again resisted here @ 5055-5070, it may drift down again.
kumar,
see a doctor. Liver issues. Most food in the south is just TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO SPICY. I can eat it, i am from chennai,
but as I say, you miss out on the true taste of the vegetables and dals. We tease westerners for eating bland, but that is also a good taste - barbeque some vegetables and try it with a little salt and pepper. It will take some time - as this is a life changing habit - but it will keep you more happy.
When you eat a samosa outside, do you even feel the potatoes/peas ? ALl I feel is SPICY ( karam )...
take care
gd
Sorry if I used a lot of Tamil word in my previous msg to Kumar. I find difficulty in explaining in English. Thats why using Tamil words.
@manu bhai
Sorry to know about "D"
:(
NEW POST DONE.
Dear Manu & KGGovind!
Whatever i suggested to Gautam for her daughter, that was due to an accident & his baby was burnt. But Homeopathy is not a disease oriented pathy, its a patient oriented pathy. U both may get good benefits of this pathy but i need detailed symptoms first, so if u need my help then u can mail me at futuresfincap@yahoo.co.in.
Well said Aar Vee..we all here in a continuous learning process.
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