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...
99 comments:
@Kumar sir, Please ignore such comments, usually when
trade goes wrong and stoploss hits or even trade done
on wrong side, typically more comments comes, see today
postings are more because people got caught on wrong side
when trade goes in right direction, traders ego smiles
and feels happy and hence less postings, once again
ignore such comments from traders,,, be like
"Sthithaprajna"
1. Never forgot those who helped you and never leave them when they need your support.
Kumar sir- you are very strong person but accept a jaadu ki jhappi from me :)
@kumar sir,
let me tell you, you are not answerable to anyone...
what u trade, openly discussed, and accept TGT's or SL,
with gratitude...
i am not exaggerating, but let me tell you, i learned
a lot from you, since past 3-4 months...you r a smart trader, who knows well when to change the uniform,which master try to teach us all of the time...
although i am here in ;just nifty' from 2008 Jan or so...
but shifting positions in real time, from bull to bear
or bear to bull, is an art which u r the very best...
Dear Ram Charan & rajapvt!
Thank you very much for ur gesture. Dont worry, if my call goes wrong or stop loss hits...even then i will not run away from board. All this i am watching since 1993, just follow my system only. It covered my Bank Nifty future @10720 & resold @10795, same in Nifty spot...covered @5385 & resold at 5425 with stop loss of 5450. Remember TEMPERAMENT is strongest oscillator, that gives u a lot of opportunities to enter-exit properly.
kumar sir suggested to buy 5300 call, why ignoring that,
it is giving huge profit.
thank you very much kumar sir.
Dear Anil!
Thanx for ur encouraging words:)
So kumar sir we can enter fresh positional shorts here
many thanks
@Kumar Sir Since I came to JNFamily ... I am following and learning from your view continuously ... hitting a stoploss is a part of game... and nobody forced anybody to follow anyone ... this is one's own decision.
I must thank you kumar sir .... from you I learned how to make profits... and above all learning a discipline from you.
@Sujatha: You created new definition of "Sthithaprajna"
(original definition is different ;-)
Politicians are not of that nature, they only open eyes
for "Earning & Looting", they are in "Yoga Nidra" for
people issues and Open eyes wide for their earnings.
Dear Chetan & SAM!
Thanx a lot, i booked my profit in 5300 call & bought 5400 for hedging. If u still have then do the same, 5300 is 130 & 5400 is 54:)
Dear RishiM!
I already mentioned, i re-shorted @5425 with stop loss of 5450:)
Friends let concentrate on charts and leave the topic
During my trading experience
I have never seen confident trader as Kumar ji
and we all know this
know this
good morning all ! wow what a day in the markets - me being a bear still not worried - lot of parallel channel resistance at 5420-5430 - Re-test of the neckline is also good for the bears but strength above 5430 - and a closing above will puncture everything for the bulls - above 5437 will violate wave counts as well - its do or die now bears as well as for me :)
good luck
@kumar sir,
thank you very much.:D
Vanquish said...
good morning all ! wow what a day in the markets - me being a bear still not worried
It your money - worry or not its upto u
But JNSAR is long and we long - we respect levels not our position and sixth sense
yes, i seconded DR's words about Kumar sir....
@kumarji,
what i remember that u discussed a trade. the other
person told that u'll be wrong. not sign of
a professional. only god knows which trade will be right
and which will be wrong.rest all is just risk reward.
my 2 cents
@dr sir - no sixth sense or position bias - charts are still indicating that price is respecting the larger parallel channels -
piyush
im fresh trader im confused kumargi is posttt
@Vanquish: 5430 closing basis is puncture for bears,
Right?
i will rather let the image doing the talking -
http://imageshack.us/photo/my-images/827/niftyh.png/
might be ending diagonal in nifty 15 min chart
5456 in nifty future is important to watch
nifty may kiss it and fall
sreyO...
Plz concentrate on charts
and maintain decorum of this blog
will your post serve any purpose plz think before posting
Kumar Sir,
will it be a nice idea to buy 5400PE @ 30 and 5400CE @ 58?
Kumar sir, 10825 hrly closing right?
@rajapvt - a close above 5425 at 1.30 would be a problem - but i will wait for a daily close for my positional shorts
DR sir,
realised...and deleted my post...sorry to commit mistake..
thanx
snebull,
sorry i coudnt understand what u mean.
Dear rajapvt!
Above 5455 closing Bulls will roar & below 5375 closing Bears will not leave anything. In between its trading time with strict SL or sit tightly & see the closing fight:)
Dear Cooldent! Very correct:)
Dear ToT Amit! That may give u multiple returns in next 3 days:)
@ Vanquish,
Thanks for the picture... my question still remains, is the H&S pattern still valid or at what point does it get invalidated?
DR said "we respect levels not our position and sixth sense"
really nice....
5400PE had highest OI for long...... sudden fall reduced that.....today it added 39.28L
Support will be there @5400 may be till expiry.
My request to all the new members is to please read all
the posts before asking any questions. Please ask only
important doubts and don't spam the site with
irrelevant ones.
In good spirits,
Thanks
@shreyunik - the H&S pattern formed is on a very large time frame - ideally violations should be confirmed on the weekly scale which is why bulls are fighting like this today - I can show you a lot of charts where the neckline has been broken on the upside and after a couple of days it comes straight below the neckline and crashes -
to trade H&S you got to have your own trading rules - I always use it in conjuction with other parallel channels or patterns which are formed.
Technically a daily close above 5375 will violate the neckline
On 15th June Nifty future made low of 5438.......from that day it started its downward journey........today it made high of 5438.....uptillnow..............
JASPAL
My request to all the new members is to please read all
the posts before asking any questions. Please ask only
important doubts and don't spam the site with
irrelevant ones.
In good spirits,
Thanks
JASPAL UR NOW SENIOUR SO U HAVE NO DOUBTS BUT SOME PEOPLES
NEW COMERS (IM READ Always Start Trading with these )BUT CONFUSTION STILL
SO SOME SILLY QUESTION ,,,
@Sujatha I am always here but dont write but just read :)
@ Vanquish:
Thanks for clarifying...also larger time frame Nifty has broken downwards on Bollinger bands and hence trend should remain down acc to me..I am still reading this upmove as completion of wave 4 correcting the fall from 5520 to 5196..(5447 would be a 61.8% correction and hence one more upside possibility).. otherwise and a-b-c move seems complete, a(5196-5322),b(5322-5255) and c(5255 to 5447 max)...
@shreyunik - me too i am still sticking with Ilango sir's wave count of this being wave iv
fire had discussed this possibility of wave c starting yesterday and i presume its playing out - maybeaafter the 1 pm EGOM meeting we will see if the BEARS have the power to prove the wave counts
jay bhai Jai Jinedra:) bas busy huwn aur how r u ? bapu hawala aginest thokya che 5415 upar close aavse to double ok Bapu
Sorry, 5447 is 61.8% correction of fall from 5604 to 5195 while 5448 is 78% correction of fall from 5520 to 5196.. either ways.. 5448 should be the top of this upmove..
Dinesh Rishi said...
snebull said...
any jansar followers booking partly profit????????? tell meeee
Max failed to go long
cos 4800 was deeply engraved
DR sir, NO tinkering with JNSAR trades. Other trades r just topping on the cake :)
mr.kumar,
is it buy the rummer and sell the news ,all the sudden
jump is bec of greece bailout as dollar again shouting
..........as all could be traped.......its just a view
Lot of market talk - take a break
Rich Man keeps me in pocket, Poorman throws away, Kids eat me, i am an english word
__U___E_____L. Who am I??
Prosonjit ji Namaskaram... nice to see u agin ... u back after so many months i think:)any way how r u i hope u doing fine:)
Sujatha!!
Everybody is busy thinking... no answers to ur riddle.. u have achieveed ur objective of distrcting all from mkt.. now pls tell us the answer.. :)
EGOM: will meet 7.30 to discuss Diesl price that means dureing the mkt hour no price hike
7.30pm today
Dear Sujatha!
Is it ONUMEILLAI ?
is rajanikant trading today?
Sissssssssssssss
Rich people have handkerchief,,,,,,,,,,,,,,,,
or its PUZZLE?
High Noon
with pich of namak
http://220.226.189.131/SSKICMT/Upload/NewsLetterUpload/Highnoon-Jun24_11.pdf
@Sujatha ,
Give the answerrrr...
Ilango sir any insight in what are the levels to be reached for faster retracement theory?
Thanks DRji for not forgetting :)
Prashantbhai online have dekhata rehjo prabhu
Sujata
Answer is
Tupeal
already higher volume in nf from yesterday
Tupeal is correct Sujatha ma, why not take Belladonna-30 for this running nose?
Prabakar - asku pusku appalam vadai :) :) vela vetti onnum ella adhukuthan :)
Before Microsoft entered our lives - MEMORY was something u lose with age
APPLICATION was a letter for employment
PROGRAM was a TV show
KEYBOARD was a piano
WEB was a spider's home
VIRUS was the flu
HARD DRIVE was a long trip on the road
APPLE & BLACKBERRY were just fruits :) :P
any view on ICICI bank?
Bhushan said...
is rajanikant trading today?
No he just asked Nifty price from his PA
the other days somebody posted NAV funda ?
sujatha, google gives me this answer!!
Discover the missing words _u_e_l? - Yahoo! Answers1 answer - 14 Apr 2006
Solve this...., rich man keeps me in pocket, poor man throws me away ... This is one of those riddles without a solution from India. ...
answers.yahoo.com › ... › Words & Wordplay
Praba - Answer out :) :P
kumar sir - thanks. will take hereafter :)
http://stoxtrends.blogspot.com/2011/06/nifty-bounces.html
Sujatha,
my Grandmother used to say it very often!!
"Pannakaran kerchiefla thodachu badthirama pocketla pottukaran, Anal ezhai thodachu veesittu poran!! poi mukka cleana thodachitu va po"!!! :)
Now a days I google for each and every prblem
Last week we had to go to party and I could not find my socks
I told my wife wait a min and turned on my Laptop
she said we are getting what ru doing?
I was googling my socks
BangHead moves in play the last hour or two.
Hopefully, if the Nifty doesn't fall at 2:30,
then the Bears will have no option but to cover
their Shorts at Day's high.
Fire,
yesterday you had asked about gartley pattern in Reliance!! Today Reliance High is 879 which is 38.2% retracent for the wave 957-830. If bat pattern is to form then this point must be B of the wave AB.
If this holds then reliance has to retrace atleast 61.8% which comes to 848.7
-ve div in 5 min charts.
go short on the cnx-it index at spot values of 6440-6480 - for targets of 5600 (over the next 1-2 monts) - stop loss 6600
@fire - your views please ?
@Vanquish:
and Nifty?
1.Rising wedge pattern forming.
2.Lead indicator in OB
3.-ve divergence in intraday charts
4.Larger trend down
Would be worth it to short at 5445 levels with a SL of 5455..is it not?
Ashish ji 3-4 days back nifty traded at 5250 ..and that time no confident about u
r 5600 expiry
@Dear Friends,
Bye. I am taking a break from this great school, for some personal reasons. I really don't know if I can be back or not. But all of you will be engraved in my heart.
I hope to mail some of the teachers I have had here if in need. And I hope they would still give me some time.
I can't forget ever Master's indulgence and invaluable lessons, as it would be impossible to not to miss the warmth of all your friendship.
My last personal observation --- Above 5457 (161.8% of A, if this is really C of iv, bears have no place to hide. My last mail in the group was about a bottom close by, but I also didn't expect this big an upmove so soon.Price consistently sustaining above 5420 can bring more bear squeeze. In the medium term, a move above 5800 can bring a new huge bull market. On the other hand, a weekly close below 5100 may bring the dreaded bear market with all its intensity.
Please forgive me for all my mistakes done. Master and seniors, take my pranam. Bye.
Fire sir,, request you to continue with your mails to the group.
Thanks
ok fire buy have a gr8 time
FIRE, you will missed badly here... BEST OF LUCK in your endeavours..
@shreyunik - wrong person to ask - i dont trade with such tight stop losses unless its intraday - positionally wave counts are still bearish - that is my trend setter along with weekly and then daily and then hourly (for fun :P)
i will be short till the wave counts and certain important trend lines are taken out -
@fire : :( .. good luck and hope everything turns out well -
god bless
Fire,
We will all miss you!! I have learnt a lot from you and thanks for the same wish you a very bright future. Bye :(
Dear FIRE!
We will miss u a lot. Congrats if u got new venture & sorry if u r in trouble. God bless you & ur family, Take care of u. Try to keep in touch if possible:)
Best regards,
Kumar
Ilango Sir -
Is it possible to label the move from 5570 to 5196 as wave 1 of wave c - and now wave 2 is in action ?
Fire Sir:
Will miss u... hope u return soon...and thanks for the guidanace
R.I.P FIRE!
the reason i ask that sir is because now most bears are stopped out - perfect time for wave 3 of wave c to start ??
हम पेय किसने हरा रंग डाला
मार डाला
मार डाला
मार डाला
http://www.youtube.com/watch?v=fVg6Ehu1VXY
Fire Bro u cant leave us - will mail u this wekend
fire, drop in occasionaly and come back soon .
all the best
New Post Done
Shit got caught in the upswing with 2 lots of Nifty short.
Ny advice from the experienced traders.
N is tis Aditi Oberoi a advertising front.
প্রিয় ফায়ার,
আপনার অনবদ্য অবদান আমি কখনো à¦ুলবো না। আপনি à¦াল থাকুন।
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