Turning up of WHEma(From 5160 to 5165+) may be used to spot growing strength.
Weakness, if any, may be expected in the latter half OR when prices find the congested 5170-5195, resistance.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
28 comments:
Good Morning Ilango Ji,
SGX Nifty trading @ 5133, with the day's high and low so far @ 5159 and 5122 respectively.
STI and HSI are in the negative territory.
Based on the Asian cues before the market open, the resistances may change from the "5170-5195" to 5140-5165.(Remember: Last two highs 5169 & 5195 have still not been scaled and the intraday charts ended at the extreme overbought)
DEAR Friends: & Ilango sir
Plz guide me :
How shall i know ENTRY LEVEL time of NIFTY @ 5040;
i always observe in the Conservative trade only.
how to identify in the live trade.
Awaiting for the valuable guidance.
good morning master & friends.:)
.
gm
Trading plan for today -
Aggressive trades -
Short till 5090 or S1 ( 5067 ).
Long if holds above 5110.
Conservative Trades -
Long till 5250 with 5060 as SL
Notes -
Monthly trend down.
Weekly trend short term up, but close below WHEma ( sell on rises ).
Daily trend is buy and hold as close above DHEma ( 5105 ).
Hourly overbought but trend is up.
EW analysis -
Expecting next week to end at 5250 or above based on Wave 4 correction ending.
Maybe we are starting 4.C.iv around today and can be sideways for a few days.
Good Morning Master & Friends
@ THIRUKKUMARAN NT,
In the conservative suggestion, it was stated that "Trade the levels and hold if closes above DHEma/ below DLEma".
The levels were: 4965<<4995/5005-5040-5065/85>>5110++
Market opened above 5040, day pivot and hence a long was initiated and it paused around DHEma briefly and the following suggestion was made for supports to sustain the upmove.
Ilango said...
@ Manish,
It shows the possibilities. Upto 5060, intra corrections are normal.
September 20, 2011 10:58 AM
Good Morning Ilango Sir.
@golfdue, i am particularly happy to see a lot of clarity coming
from you. i find EW quite puzzling. so i highly appreciate
your acumen
thanks and regards to all friends in this nice home
Namaste Ilango sir and fellow bloggers.
LV
@parimal,
Thx for ur kindness. Whatever I have learned is because of
ilango sir. And I am a total beginner with EW. Dont
trade based on my levels. Most of my EW posts here
are meant for discussion so that EW experts here
can point out my mistakes.
@ilango sir,
5min future EW analysis ? Getting lost on this impulse.
Thanks
3rd from 5019 might be extending invalidation 5116
Namaste Guruji, all seniors and friends
Good Morning Master and copy to All
Will take you leave till Monday, will be reading all
posts on cells but will not be able to post.
Happy Profitable trading to All
Meet you again on Monday :D
Good morning Ilango Sir and all blog mates
@Dinesh Rishi,
I wish you success in your works for which you are taking leave
@piyush,
Can you elaborate ?
@golfdude
from 5019 a 5 wave structure is developing in 4th
looking now like a double zigzag from 4720. move from 5019 is c.C
DR Sir...Thank you for all the guidance.. we will miss your inputs and you tube masti...
Namaste ilango sir and friends,
Today's quote received :
Fear does not change the grief of yesterday, nor does it solve the problems of tomorrow. The only thing fear does is paralyze you today.
and lunch also..
Dear Ilango Ji,
Please let me know if I am reading it correctly..
Aggressive trades:
<<5065 << 5085/5095 << 5110 >> 5170/5195 >> 5230+
"If the market opens above 5110, go long and below go short."
Thank you
@piyush,
Yes. We are on same page. I dont see this as a
double zigzag yet. One big zigzag 4720-5170, 5170-4910, 4910-5360 ( ??? )
5360 might be too much hope :). But that matches 4.A=4.C.
4.C.c is current impulse
1 - 5019-5096
2 - 5096-5071
3 - 5071-5196 ( 1.62*W1 )
am i seeing a malformed inverted H&S above 5170, with 400+point rally
@golfdude
4720-5169 looks like 3 wave than 5 so looks dbl zigzag to me.
GOOD MORNING..............
Rising wedge forming ( 5096-5070 as base ).
5-min -ve div resulting in a correction. If breaks pivot, next supports at 5080-5090.
New Post Done.
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