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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
6 comments:
Hi Ilango,
Have a few queries regarding JNSAR and would be grateful if you could please clarify the same ...
1. If one is holding LONGS at end of day today
(a) Today Nifty closed above JNSAR and tomorrow morning, if Nifty opens below JNSAR, should we keep a filter or should we short immediately?
(b) Today, we went long during the day. But at the end of day, Nifty closed below JNSAR. What should one do ... reverse the position at end of day or take a trade the next day? If we
have to take a trade the next day, when should we short?
2. If one is holding SHORTS at end of day today
(a) Today Nifty closed below JNSAR and tomorrow morning, if Nifty opens above JNSAR, should we keep a filter or should we long immediately?
(b) Today, we went short during the day. But at the end of day, Nifty closed above JNSAR. What should one do ... reverse the position at end of day or take a trade the next day? If we
have to take a trade the next day, when should we long?
3. Assuming one has part booked profit at 50 / 100 points depending on the momentum, when does one re-enter the trade?
If people who are trading the JNSAR method could share their views / observations, that would be helpful.
Thanks and regards,
Amit
Namaste Ilango Sir & Blogmates,
Expiry to be around 5600 as per Option Table: Option Analysis for 28-06-2011
And for those friends who are suffering for Blogger Problem Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Hops
I also have similar questions in my mind.
We expect Sir will answer these or anybody should
answer it and Sir should correct it.
Regards!
Greek austerity vote passed market jumped
Hi Ilango,
One more query :)
Let's say we are short and JNSAR was 5350 today. We go long at 5350 keeping 5330 as stop loss.
Now the trade moves in your favour by 20 points (Nifty goes to 5370), should we revise our stop loss to 5350 or should we keep it at the original level of 5330.
Also, is there any time that we trail our stop loss (say if the trade goes in our favour by 40 points)
Thanks and regards,
Amit
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