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...
65 comments:
Reposting:...
@golfdude: Really I am appreciating your patience
January 9, 2012 10:05 AM
Reposting....
@Rising Star: Already JNSAR buy on Friday before it trigger short side. Is it correct to give filter today to this short below 4704? Experts can clarify.
January 9, 2012 10:02 AM
prabhakar- fri JNSAR triggered short and we reversed to a long after short SL triggered. So its basically a new JNSAR long on friday.
@ Prabhakar
JNSAR trade: 'Trade long above 4704' Ilango
Good Morning................
@Rising Star: Thank you for your clarification.
@@golfdude:: As per your system is it better to use +/- 10 points to HHema / Hlema?
Master,
Startegy for Over the next 1-2 months.
as per option data 5000 looks resistance.
4500-4700 should be supports.
Expecting atleast 4880-4900 levels.
Whats the possibility of touching 5000-5100 this series?
This series: results, euro issues, RBI meet (could be +ve
CRR atleast), 2G case (-ve)
expecting that bottom will be made in feb-mar
so adding shorts of next series (Feb) around 4880-4900
would be a good idea add more around 5000.
Why so much confusion???
As JNSAR is long from Friday, and many times Master told
clearly that 2 days filter is applied so today is the
first day after JNSAR triggered long so today one can
use filter of 20 to 25 points.....
4704-20/25 place to revert position to short.
This is my opinion.
Disclaimer:- I am not Expert.... so final word will of
Master.
Good Morning Master and copy to all
sir,keeping a small stoploss of 4692 dlema may ideal to go above jnsar long will give good trade.
Dear SAM,
:)
Ashutosh Agarwal
"Startegy for Over the next 1-2 months."
What about 2days trading Plan?
@Dinesh Rishi: Very good morning..
http://3.bp.blogspot.com/-1cpuI_RK94k/TrNMa5di_nI/AAAAAAAAAiw/WC6DGHIo6EE/s1600/good+morning+sms+3.jpg
otherwise can short below dlema till s2 4637.seniors please comment.
भरोसा नहीं पल का
संमान जिन्दगी भर का
GM drsir,
Huge volume is seen on 1 min chart at 10.30AM at 4718 price...
volume 524100..... lets see how prices behave from here
onward......
@dinesh rishi
waiting to enter when the risk reward is very high
1 bigger down leg is left wants to swim in that.
market is trading in a band.
we can play for up but with less % allocation.
@SAM,
Just sent you a query in mail , please check if time permits.
Thanks
@Sam: How do we figure out if the huge volume is on the long side or short side?
Ashutosh Agarwal
Be in present, forget future
"1 bigger down leg is left wants to swim in that."
if it comes JNSAR will guide us
Robert Pretcher was waiting for Big "C" which never came
Bear flag on 5min chart..
JNSAR with whipsaws! I'm loving it! :) :)
Guess we all know what that means!
@Buzz :"Loving it!" .....Lolzzzzz
@Prabhat that is a Million dollar question???
But I just combine volumes with price movement..... and it
may give you little idea.... just keep watching volumes and
compare with price movement....
And BTW our expert Mynac may give some idea... if he wants
to disclose the secrets...
You can check some charts with volume posted by me on my
blog... link through my profile.
@Mynac :)))) D
Buzz said...
JNSAR with whipsaws! I'm loving it! :) :)
Guess we all know what that means!
Buzz ... why whipsaw.... still no whipsaw..
as it has not triggered on downside:)))D
http://images.picturesdepot.com/photo/m/mcdonalds_im_loving_it-18771.JPG
sir ji,
when to use filter/s and the gty i.e =20 points
is clear in case of nifty.
but;;how to decide filter qty i.e . no of
points for stocks.
any method which you can suggest that v could
follow and adopt
@dinesh rishi,
I agree.
bear flag in min 5 valid only
if it crosses 4695
Namaste Ilango Sir and JN Family
Passing this hour also in HHEma-HLEma trade ( although
we finished below HLEma ).
Sir has given aggressive trade setup at 4685-4705 to go long and it has been
2 hours in this range. Not sure what to make of that.
“Shame… Shame… Alisha”
SHAME SHAME ALISHA
It appears 'abc' flat correction over @ 4695.
a = 4783 - 4686
b = 4686 - 4795
c = 4795 - 4695
If my understanding is correct, there is only possibility for Long from the current level at least for today.
@Master: Escalating the question. Is there any way of affirmatively confirming if any huge volume trade made is in the long side or short side?
Ex: Usually huge volume trades can be considered as supports or resistences atleast for the intraday perspective & for the month if they are carried forward to the next day.
How I do is: If there is a spike in nifty price along with volumes, if new contracts are being added, then it is fresh long position. If contracts remain the same, then it may be short covering. If the price is reduced with increase in volumes & the total no of contracts, then it is fresh short positions being created. Is my thinking correct ..?
I am not sure about it Master, kindly explain in your free time.
In Down side 4694-4686 (below it 4631.9)
In up side 4728-4747
Why so much confusions ... JNSAR comes from a place and person
who has digested the market in all senses and there is a reson
that the magical JNSAR is so famous ..
Not to mention ...we have Ilango Sir .... With few exception
we all including m:)
Interesting charts of RIL & Rcom - Link
We all including me either are begineers or learning ..
So belive in the system and if not the just trust the
JNSAR :)
LOC
8400
http://bankniftytradingchart.blogspot.com/
Dear SAM,
Basically I am also not an expert.
But one observation is there that huge 5 lac intra short covering in NF there in last 5 minutes, when Big volume trade in cash is @ 4725, when in last trading Hr.Nifty holds it’s intra low intact, and in spite of lot of efforts by sellers to press Nifty below imp. level.
Official High for the day is 4747.55 & Big Volume trade @ 4725 is mismatching for Sellers because it is comparatively closer to current price movement since last hr.,is personal view. But sellers would try their level best as it is their duty :) & why should not they? because unnecessary Hurried jump up to 4795 on Friday, has changed or one may say slightly disturbed the game for Bulls which is reflecting here in today’s price .
2.30 Factor would be deciding factor for the day is feeling here, nevertheless, consolidation around JNSAR is need of the Hr.from here, for any side move, for both parties, so price itself is more capable to decide the same…let us watch it…
If NS4686 is broken, it is point of invalidation of my understanding of 'abc' flat correction.
Thanks Mynac Sir :)
@prabhat,(pending masters answer) isaw some candle software where ther is colour difference with in each candle for buy n sell vol.
Thanks Fire...
@jayaraman,
Irregular flat - shouldnt C be below A ?
Ab lagta hai Europe ke open hone tak Sona Padega...
@durga Most of the softwares which gives colour to volume
bars also... they do it with respective price candle...
if price candle is down then there may be red volume bar
and if price is up then green volume bar...
but it does not interpret where the weather volume is on
buy side or sell side... it is just the colour of the
price candles ....
Sorry to jump in.
Hi all,
According to the charts updated by Master, JNSAR triggered shorts.
I think sujata sis forgot 2 switch off grinder.
fast fall setup emerging in bank nifty
Is there anyone facing problem with Trade Tiger.
Charts not update timely.
@GD,
If it is irregular Flat what you are saying is right. In this case it is Flat Correction.
Delayed almost 10 min.
Folks,
JNSAR whipsaw as per my understanding is... if NS crosses JNSAR in either direction. I am not at all talking about filters.
@SAM,
I am not sure if I said that JNSAR downside has triggered. Whipsaw as per my understanding is that NS has touched/crossed JNSAR more than once. In the last few days we've been seeing this, which, based on my understanding is a precursor to a larger bombastic move in either direction.
Nilesh
No problem @ this end
try :-
Change server
Reboot system
New Post Done.
sir jansar stop loss hittttt???????????????
@Buzz thanks for clarifying....:)
Master long about JNSAR IS WORKING OUT
We have to be cautious about today pivot at 4745 as market still in a range of 4700-4780
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