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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
76 comments:
Yesterday, for the day, High Volume 1Mnt.Cash trade for Nifty was only @ 4772 & today it is @ 4765
Bye everybody...
shuklaji,last month kitna loss book kiya?
Namaste Ilango Sir and JN Family
Namaste Ilango Sir And All.
Late Due To Power Problem.
nifty futures above 4788 , may hit 4820
Where is our DR Sir?
After a long break posting hourly Open interest. so the mistake.
Please click the above link for 10 am open interest.
HHEma-HLEma trade ( 4632 long ) going happy still. 107 pts.
Developing HLEma is 4739.
SLOW STOCHASTIC FAVOURS FLYING.
Dear Sujatha,
Good Morning. If it for me, then
the same Kadavul has borrowed my mobile phone until you get the money... hehehehi :)
(mokai mokai) :)
@golfdude : Nice system. How is its performance
@golfdude: * In gap up/gap down
Good Morning..................
i posted wave count on 5 mins nifty chart. The post is being deleted. why?
Good Morning Master and copy to All
@ vikram a g,
Posting links are permitted only for a select few here.
@golfdude:Some times hrly closing is nearby Hhema/Hlema and some times it closes above 30/50 points. In this circumstances how will you execute your trade?
HHEma-HLEma trade system
Hi Golfdude & those interested
Done the Back testing for HHEma-HLEma trade system for the past 6mths (July - Dec 11)
Below are the result
1. Without SL
Total Points 1094.55
Trades 79
Brokearge 5 per trade 395
Net Points 699.55
2. With 20 SL (Considering Gap, no trade till next signal)
Total Points 1226
Trades 105
Brokearge 5 per trade 525
Net Points 701
In addition to point second, if more filter added as
IF NO trade taken on same day as SL hit The net points gain comes 1000+ Pts with less of 20 trades.
Like to know what is the result of Day JNSAR for the same period (Jul- Dec 11), if any one traded OR done backtesting.
Ilango,
i have great regards for you, as i have learnt a lot from your blog. The only intention was to give back something from my side.
if thats not allowed, well fine
no hard feelings.
regards
Is the momentum on upside weakening ?
Vikram
Sharing is allowed. Only posting links are not allowed.
charts cannot be shared without posting links
@Ilango Sir what would be rebuy area ... as I have part
booked longs.
Sam
4715/25 if at all it comes??
@hitendra
u posted rohit's message . i have not recd it though i am susbcriber of his updates. the message
was not there at his website too. how did u get it??
Good Morning Everybody!
Dear ILango sir!
I may be wrong but as i saw the activities of Vikram a g in past days, he looks a a genuine guy so its my humble request to you to allow him for posting. As i said earlier that i may be wrong too in my assesment but whatever i felt that i shared with you....final decision is yours.
Rgrds,
Kumar
“Shame… Shame… Alisha”
Cooldent - kanjus, kanjus, u didn't hv breakfast?? fill the downside gap also no probs
Good morning Gurudev and friends
Alisha Kuch sharam karo
Sis
Gap i cannot give, Breakfast i can share
http://3.bp.blogspot.com/_LlQ8JlAkgRM/ScaS6UdxEoI/AAAAAAAADJk/X3HotKwTqSA/s400/Medu_Vada_Sambhar.JPG
Gravity Again ...
@PS this meassage is on internet... search BIG G.
@prabhakar,
Mechanically trade HHEma-HLEma.
Dont think.
When in doubt, stay out.
If profitable, part book and move SL of remaining lots
to NPNL.
Combine with EW and see if W4, stay out.
The above principles will double ur HHEma-HLEma profits
itself. Even otherwise you will be fine as long as
you trust some system. JNSAR, J10SAR, EMAs
eventually work.
It seems every dip been bought.. roaming aroung HHEMA, let us wait and see whether it reaches HLEMA..
Shuklaji, One missile from Iran is enough to crash the plane :)
Meanwhile, bajajauto crashlanding; I am enjoying it
@shikhar,
You have better numbers than I do. I have only from
Oct hourly data. Good work.
@Alisha Jain: My Master given trade setup for today. We are positional traders.Don't disturb us
@PS
i received this mdg y'day only...around 4:22 pm
I am taking a guess that this is a W4 action going on.
Based on timeline, I expect this for another day
atleast. And 38% retracement of 4602-4775 comes to
4710 or so. So I am getting on the sidelines.
Thanks DOC
thanx sam,
in google his website indiacharts comes and it didnt contain. i have seen it. last update jan 2, 2012
SAM
That was question mark for ur advice :)
@Prabakar Ji,
Vice versa the rise is sold .. wishful thinking :) :D :D
Cooldent - thanks for offering me in "plate" but at any cost don't thro anything... our "JN Newton" is always
ready to "catch" :) by the way u know who's newton here??
thanx anil yesterday i recd this
=====================================
The loss of downward momentum can get on the nerves but its holiday season so jumping the gun
on the trend can also be bad. Like the last week of Dec is always up but was down this year
the first year of Jan is also often up even after a down Dec so lets see how that expectation
is met. Charts show further wave subdivisions. Todays marking is for wave ii up of minor degree
up to 4660-4710 after which down move should resume to 4484.
Dear Nimesh Bhai,
Good Morning. Yes i agree, 5 & 35Hr stoch are now travelling towards south, so it may continue till they take the return ticket.
SIR I M IN NEW PLSS HELP....CAN I BUY IF NIFTY BREAK 4800 LEVEL SPOT..EITHER IF NIFTY BREAK 4738 BELOW CAN I SELL..N WAIT 4 NEAR JNSAR.....SHOULD I BUY ON DIPS
@golfdude:I am under JNSAR shelter. Thank you for your selfless advice.
Dear Piyush!
I know him since long, his updates are very poor. Sometimes he sends directly to subscribers 1st & sometimes updates website 1st. Anil is correct, this msg was conveyed last evening at 4.22pm
@kumarji
i am also his subscriber . but didnt receive this.
neither in spam and deleted folder. never trade on his view but have read it last few days to just to be open to various ew possiblities..
I am new to this group...can someone tell me how to read and interpret this tech table that master post here....any help would be highly appreciated,
Thanks,
Dear Piyush!
Check my mail in ur mail box.
@Bunty:Always Start Trading with these (Right side top corner of this page: - 8 articles)
DOC sir.... I have taken it as your advice :)D
thanx kumarji,
recd. but surprised how did it happen i didnt receive frm him.
Rising wedge/Channel breakdown in 5min BankNifty Futures below 8340. If broken tgt - min upto 100 MA - 8270-80. If gained support at channel - then upsides 100 points gain. Level to be watched 8340-60
@PS you are in Blacklist of him...:)D
Just Peeping …whenever time permits..:)
“Forgetting” is the power which is gifted by God to us so only due to this blessing we can live very happily.
Just 2-3 day’s ago in his New Year post Dear Ilango posted following quote. If you find it interesting and useful even for Day trading purpose then may think over to use it or just observe it…
"Trend asserts itself when it matters most which is - at the close period of month/ week/ day & Hour, etc". & will go back to their trending direction when the said period (Month or week or Day or Hour) comes to a close.”"
Dear Piyush!
He knows your potential so he is sending all this to weak players like me:)
@Kumar sir,
:):):)
@Kumar Sir I second you...
@PS he sees a possible threat to his business in you..:D
@sam , kumarji
kya app log bhi... tang khinchne lage.... :-)
i am a simple jnsar follower.. in my trading..
no courage to surf waves yet...
@SUJATHA
LOLZZZZ :D hahahaha
@PS I agree you can not surf waves....
But you have a power to BRING WAVES... :)D
Sis
The one and only gravity expert here :D
Hi Golfdude;
I have prepared Excel Sheet for Hourly data since june 2010 to Dec 2011,
with calculation of HEMA, LEMA and
Close EMAs ( 3, 4, 5, 7, 8, 10, 12 ,13, 15, 20, 21, 25, 26, 34, 50, 55, 89, 100, 144, 150, 200 & 233)
I have shared at justnifty@googlegroups.com if anybody interested for further exploration.
Same can be used for replacement of Day/Week Data.
Regards,
Shikhartimby
To add,
This also contans a sheet with Backtesting of HHEMA HLEMA
for last 6 mths
@sam,
kumarji knows it. :-) i am a toddler still...
but i have a advice for u. try following jnsar with a part on capital and side by side with ur discretionary trading or / trading system. where returns r more shift more capital there.. try it..
there r two contracts one can trade nifty and minifty both almost equal for us retailers
Thanks PS..
New Post Done.
In connection with my above said post, just have look a @ Hrly H.L.C.figures for last 3 Hrs. from Tech.Table today….
Bye everybody...shall try to join you in latter Hrs.Trade...
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