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 ...
40 comments:
Price action resembles "mirror image of yesterday's".
@Ilango
An unique way to project intra weakness!!!:):):)
test msg
IT - done..working :) thank u very much. Oota ayitha?
Yesterday in 5 minute MACD histo remians positive
after 10 .a.m, and we bounce back after 2:40, while
today MACD histogram remains on negative side since
11 .a.m., lest see what 2:40 show us...
Interesting O.I. addition...
Nov.NF intra O.I.addition almost 22 lac AND
Oct.5100 PE intra O.I. addition 23 lac
Looks Disproportionate...at this moment...
Time will tell the reason...
Sir,
One doubt, How much is the chance for formation of the right shoulder??
Inv H & S in 5min NF
@ mynac,
Can you tell the reason why you feel it is dispropotionate??
@ Satheesh,
In a minute T/F, the possibilities are many and the technical set ups changes swiftly.
Your pattern follow up will become useful for target calculations if it unfolds in that fashion.
strange situation, indicators are down but NS up
@ Parimal,
Which indicator? and which T/F?
Dear satheesh,
Generally when one party i.e.either buyer or seller
is very much sure about their plan,this kind of Data,
indicates their hidden indications.Because just 4 trading
days are left for expiry and so only feel disproportionate
put writing for 5100.
Thanks sir. As you said if it unfolds in this fashion then my Bullish crab would be complete. ELse my SL would be triggered!!
Ilango,
Got your message about spotting sideways market.
Ok. How can we spot the trend reversal or exhaustion using JNSAR?
I have reached to somewhat closer solution. When the trade is initiated with JNSAR in a real trend, prices moves past away from JNSAR and stays away from JNSAR in a long distance for few days. Normally, it lacks momentum after 4-5 days or after 250-300 ticks profit. One can consider minimizing exposure at this spot. Another clue is, when the reversal is around the corner, JNSAR for reversal will be in close distance i.e, it can be triggered easily on the day. So, it might also give a clue to reduce the exposure. For eg, on thursday and friday, prices were trading above 5050 and JNSAR for reversal was placed around 4950. So, one don’t need to worry about reducing exposure. But, yesterday and today JNSAR is in a touching distance, and part booking can be advisable.
And another strategy would be, as advised by DR, enter with less qty when reversal takes place after a good run. For eg, if JNSAR triggers today or tomorrow i.e, after 200 ticks profit, reverse with less qty and further addition can be done later if JNSAR is triggered consecutively without hitting SL.
All the above are based on my manual backtest with a few days data (am tired to browse back to gather JNSAR values). If any JNSAR follower can backtest atleast 2-3 years data with JNSAR values, they might reach to a interesting conclusion.
@ Parimal,
Try to use the indicators along with price channels or trendlines (And be a bit flexible with trendlines. Also look for alternative ways of drawing trendlines like connecting the tops and making a parallel line from the first low, etc)
Most oscillators in Hour are UP.
@Mynac,
I did not understand!!
Maybe most of you already know, but this month settlement is on Tuesday [25th], not Thursday, just a heads up...
Ilango sir, are conservatives still trading shorts or they are long now??
Thanks
"5106-5109" has DHEma/ WHEma/ Thursday's Pivot - Closing above these would help Bulls.
@Bizagra...Sir told to go longs at 5060
@bizagra. I think sir has mentioned in trade table. go long above 5060
@ Bizagra,
If you answer with what you understood from the suggestion of today's Pre-Market, it would help me to phrase them better in future.
@Prabha, i agree even i m long, just clearing as TRADE was also written on pre market table.
Thanks
@Bizagra... MASTER is giving on inputs to stay long...
@Prabha, ya correct, i m on right track.Thanks
Ilango sir, just TrADE word confused me a bit.I agree it was clear long above 5060.Thanks
If bulls take more time here to cross over 5170, it would weaken the technicals again for another round of correction- a point worth remembering.
14-Hour Rsi is showing a sharp break-out for the next Hour.
@Sir we r almost near 5170 in nov.futures and 5135 as mentioned in the premarket view might be all which we might get to give a good gap of maybe a positive jump of 5170 tomorrow
can any one suggest me which software provides cappock indicator
What is VIX VALUE?
PDD
@Hitendra open 25.9 low 23.53 and current 24.17
'Good Investment Returns'
http://www.youtube.com/watch?v=Sop-lZkAXt0
welcome drink bhi milega. lols
5057-5075(Island Reversal) will provide good support for any down moves now.
Thank you Bhavan,
pdd
Thank you sir and friends.
'Share Market'
http://www.youtube.com/watch?v=v-8GtUrwCxE&feature=youtu.be
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