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 ...
93 comments:
it should fall else will grow tall
Dinesh rishi,
Europe open may clear the mystery about last minute US spike. It may also tell us if we can grow tall.
DEAR ILANGO SIR,
ONLY ONE QUESTION,
YESTERDAY ONE OF OUR BLOGMAT , WRITTEN HIS EXPERIENCE
AND SUGGESTION FOR ME, HIS THEME IS IT IS NOT POSSIBLE
TO EARN MONEY FROM MKT...I BELIEVE IT S POSSIBLE , AND
I CAN BECOME A PROFSSNTL TRADER. TELL ME SIR ,HOW CAN I
TRY TO BECOME SO, i belive in this blog somany people are
earning smoothly , am i right sir??
@DR
if not master, U explain, ...expecting U
Fevciol should be banned
http://www.youtube.com/watch?v=CiOhAs4FIK0
Ilankaalai,
You better stay away from markets. You will get hurt badly.
No one need to get offended. Markets are not at all suitable for certain people.
Broken out of the channel @ 4803.
"Free Shipping" Ordered one full container.
sir,a 16 point premium reflects mkts are poised to move upwards/
@ ilan Kaalai,
There is a "Post coming up" soon, may be tomorrow or this week end just for such thoughts.
There are "many many ways to make money from the markets". Ways are not the problem but the mental temperament, attitude, approach of the individual is often the problem.
A scalpel in a surgeon hand can accomplish a lot. So become a surgeon to use that scalpel.
These trading methods/ systems in the hands of an astute trader brings home the riches. So become an astute trader.
thank u sir,
i am waiting
@Ram Charan
Part Booking :) And stay in the Game :)
@ nanjil
u guide me, i know the risks of mkt, but knowledge ,
approch is need for me, thank u
@Ilango,
I understand your concern. But this kid is starving when the full meals served in front of him. I know he is hungry but the poor kid do not even know how to eat. Such kids can’t be fed forever. Let them first learn eating habit then we will introduce them healthy and variety food.
How to be an astute trader... Just as to become a surgeon, you need to study & practice for 6 or more years, spend a year at the least if not more to learn all about "stock markets, demand & supply reflected in price patterns, trader psychology and various studies that details out the market.
CAC, FTSE up over 2%.
Ilango sir, i m trading my conservative position, which level sud i enter shorts again??
Is it Day 5ema??
Thanks
@ Bizagra,
If closes above DLEma ( & DEma), you could hold on to the Longs.
@ilan kaalai
Dont lose hope, keep working hard. It takes time to understand the markets and to align your psychology with that of market's. It's a three year full time course.
Don't give up mid way...you can slow down or take a break
Just a little effort is required to transform from "Ilan" to "Ilango" :D
@Ilankalai,
Few things cannot be taught. Attitude, Knowledge and approach what Ilango told are such things. You have to learn them. One article from Ilango can’t make you rich or make you know everything. It can’t be overnight transition. You have to stay focused and go deep into subjects. Start with one subject. Example, if you want to know about good entry points, start reading what are the signals can give good entry like JNSAR, MA cross over, MACD , Stoch, Pivot and support levels etc etc. Check every system and filter one by one and stick with one. Like this, take one subject at one time and spend days and weeks over it. Once you get confidence, go to next subject. Only practice and practice will make things work for you and nothing else will help you.
PT :)
@ AJ,
Funny you should say that... :) It needs a serious "sex change".
Ilan Kaalai - is "Young Bull".It also means "Dawn".
Ilan go - is "Young Cow".(Calf). It also means Young King(Prince) :D
Ilango sir, can i reverse to shorts again below 4800??
Weak retracement and now the europe opening effect also over --- Will yesterday Repeat :)
I attended a TA Course recently our Instructor CFA told
practice your skills for 6 months before actual trading
but newly trained TA they had seen profit on paper trades
with help of previous data on Meta software were
excited. They Said Sir our trades showing profit
why are you telling us to wait for 6 months.
I was smiling - My instructor Knew it why I am smiling ?
He asked me Ok you tell is 6 months more
I replied no its very less min 2-3 years screen experience required
All were stunned - Instructor told Yes its fact,
I have told 6 months but more time is required.
SIR,
CAN WE SELL HERE IT WAS BELOW DLEMA
@Ilango
Ha ha, ignorance is bliss and I am blissfully ignorant!
upper fib lvls from 4870/4728(yest H/L)
4762/4782/4799/4816/4828/4842
We hv seen 4828 almost.
pdd
@DR
You took the wrong chair in the class! :D
@AJ ,
@ nanjil
@ilango sir,
ilankaalai will grow as oxe soon ,
all will appriciate , S AJ i never lose mometum,
thank you so much..
The 5min MA's are aligned at 4803,4810,4921 and 4935. Will it be a fast fall as NF has reached 4835 or will it be a MA crossover??. Fast fall will get negated by trading above day's high and if Day's high is crossed then 4860-75 can be expected!!
@ilan kaalai
I like to share my experience with JNSAR. When JNSAR introduced, with confusion, disbelieve and lack of confidence with two mini nifty I started. More than ten trades I struggled. But gradually I my confidence level increased. My mind trusted JNSAR method. After that within 10 trades I increased lot size to 5 Mini.
Now I am trading with three lot nifty. Last one year, I am strictly following one thing “at least hold one lot till SAR”. Even I am not re-entering.
The Mantra is “Trade with Discipline”.
“nambinar keduvathillai”
** typo read it as, 4803,4810,4821 and 4835
All intra longs should have stopped & reversed...
Fast fall as soon as Kumar sir wrote 4825 not sustained on
his blog. OMG its Kumar sir's effect....
:) :) :) Now DR Sir also joined the Party So the Effect
Reposting toh banta hai! Aaj toh PT ji bhi hain to dance
*****************
AJ said...
Nifty singing for PT and bear camp
http://www.youtube.com/watch?v=-WbsBod5RLE
October 4, 2011 12:54 PM
ITALY is in trouble just saw in news.....
OMG what is this
I was busy writing and reading,
and screen turned red
ilan kaalai
You are lucky for me thanks Brooooooooooo
@ UK RAJ,
you ok Raj...
thanks
@AJ
:D :D Nice one Really :D :D
BN down 2.4% ....NIfty only 0.2%.... there should be more to come....
This is the fastest fall!
@Nnumber Game
Ab europe ko bus "Bhikh" mangna baki hai :)
@ Buzz but no one saw it coming.....
@ AJ
i hv been visited ur blog , once
Deepawali mega sell
anyone want to see 4700 today?? :) lower bb in weekly :))
PT- what say??? ek jhakta maaro yaar to 4700.
How can one say , fast fall / fast rise is seen in the charts?
seniors your guidance ?
80% retrac lvl from 4828/4728 is 4748.
to be watched.
As per Cam, 4819(H3) is broken,
we may see 4731(L3).
nOW PIVOT(4795) LOOKS RESISTANCE.
ALL LVLS ARE OF NF.
PDD
@Ram Charan
Me waiting for Friday "Gloom Gloom" in Friday :)
Lal Lal Dikhe Hay Muj Koo
http://www.youtube.com/watch?v=Hc7Ow63KF7E&feature=fvsr
@Blogmates,
Got saved again by master's grace..............though
Hr.Jnsar was triggering long.....close was not above it
hence ...no longs....same pattern like 12:30 move
yesterday...Hr.Jnsar got triggered......but closing abv
never materialized.....
@Ilango,
Apart from hourly closing abv Hr.Jnsar.......I am
also using caution/filter for Hr.Jnsar triggered during
12:30 europe opening ........and its working nicely
saving from any bad move
Dear Powertrade!
You are cracking marvellous joke, ROFL....what a joke...."Ab Europe ko bas bheekh mangna baaki hai":)
@Ilango
Would welcome your views now that the channel has
broken down from 4780
A C-wave which didn't get its daily Complan/Horlicks, is a sign of a lot of weakness. :)
@Kumar Sir
:D Thanks a lot :)
@ Smita in our class we got many seniors who are expert in
alerting fast fall and fast rise set ups but this time due boring
market they might have been off the screen. Seniors pls come
in the class to give your guidance to us.
@Blogmates,
Got saved again by master's grace..............though
Hr.Jnsar was triggering long.....close was not above it
hence ...no longs....same pattern like 12:30 move
yesterday...Hr.Jnsar got triggered......but closing abv
never materialized.....
@Ilango,
Apart from hourly closing abv Hr.Jnsar.......I am
also using caution/filter for Hr.Jnsar triggered during
12:30 europe opening ........and its working nicely
saving from any bad move
Smita
Nnumber Game
On right side there is "Search This Blog"
key in fast fall or fast rise you will get old discussion
Dinesh Rishi said...
Fast fall setup
Refer chart
(there are three averages
Lets name them Small, Medium and Big)
http://bankniftytradingchart.blogspot.com/
Smaller averages are below Big Avg
small avg crossed and gave buy signal if this signal
fails and again sell generated its fast fall setup.
(or smaller av touches med av but fails to generate buy
signal)
Vis-a vis for fast rise setup
August 25, 2011 12:29 PM
Thanks alot DR sir.
PT, KUMAR, DR & OTHERS,
Cracker show of Diwali is premature in Navaratri.
Lal Lal Sanedo.....
PDD
PT,
DR sir once told - friday will be the opposite to tuesday's move. If that is the case then friday must be up & up!!!
satheesh
Not a rule
but if fall is severe Friday small profit booking is natural
From 4828, a five wave down will complete soon for "Part booking".
Yeh lal rang kab mujhe chhodega
http://www.youtube.com/watch?v=eFa-FuCkVU4
"Bullish" Rajesh Khanna is throwing away the bottle of Teacher's
Somebody help me catch the bottle before it breaks :D
Dear Hitendra!
I posted my one line comment here on friday for Red Deewali. It was an alert for retail bull traders. By God's grace we all are saved & making money in falling market under guidance of ILango sir.
"Kumar Technicals said...
Bye Bye Bulls...see you on Deewali:)
September 30, 2011 2:37 PM"
@Ilango
At what level do you suggest part booking???
@Ilango
At S1 or 4710???
Thanks DR sir .
One more study added to "things to work on today "
SIR,
IF WE SOLD AT A BREAK OF DLEMA AT 4811 THAN WAS A BEST
TRADE NA SIR ?
http://www.youtube.com/watch?v=OVytw0DlkfE
Moral of the story
Dont eat banana while trading
lol dinesh sir
Dear DR sir!
Thanx for your Youtube clips here & at my blog, it really give me a booster dose between these jittery moves. Thanx again:)
Kumar Sir
This time trading Nifty and in your camp
but did not got even welcome drink plz break
26 Aug low once:D
Smita ji,, pls enlighten about "things to work on today
Regards
NF continues to be in premium...wonder whether we will crack Sir's premarket 4706?
Sahilraj ,
That is the list that I make , of things that I do not know ..
And try to work on it .
Since the last couple of days, there's one question haunting me as long as I am in front of the terminal. How much is too much?
Buzz
Loss or profit?
:)
@ llango sir nifty is showing premium in double digit is it long built up or long trap positon?
DR Saab,
Yeh sub khayal loss mein nahin aate :)
Buzz
Mkt RB
so
AAj itni bhi mayasar nahi maikhane mein.
Jitni hum chod diya karte the paimane mein ...
let have Lunch
anybody joining?
http://1.bp.blogspot.com/_nD2CURtq00s/TGev8kHtdVI/AAAAAAAABeI/Hblk2KSaOq4/s1600/TandooriTimesLunch.JPG
is tomorrow holiday?
Ilango please update data - @2 p.m
http://marketpulse-snp.blogspot.com/p/holiday.html
Good one DR Saab.
Main aapse bahot chote level mein khelta hun :)
@Ilango
Would appreciate the update and your views..thank you
Dinesh ji,
i would also join for lunch with u.
New Post Done.
61.8% of fall from 4828 to 4740 got completed at 4795..
now lets see...
test
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