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 ...
46 comments:
sir you said wait for a pull back to enter the trade
this mean that we should enter the trade when jnsar
is triggered again after pullback or according to
some fibo levels.
you can read as critical velocity.
(min. velocity to keep above the gravity)
Master ilango,
jnsar hit again
@Sujatha
Doolar at 540.80 ... al st to touch 55.50
Thats a great news
Morning Illango ji & Jn family,
Chetas: issue has been clarified to illango ji in pvt. I have my apprehensions on EW & carry them.
Anyways, time to put full stop. Kindly forget the post & focus on the trade :-)
Have a gr8 trading day!
cheers
Beloved Master Ilango
i have request, please do not snatch our right to address
you as Master
@ Parimal,
Many good things come to an end when the "person" takes precedent over the "Matter".
I'm not anything special.
Keep the respects and reverence in your heart only.
Lets have a good family interactions here.
I have seen families breaking up because one is given too much importance.
My father named me after a "Prince ilango"...I'm more inspired reading him all through my childhood.
If you know about his story, you'll understand what I say here. He disproved the astrologers. I'll disprove all "nay sayers". Thats my commitment..mission.
Master 5 waves done at 4904 ?
Camarilla Intraday Update/Follow Up:
H3 SELL Reached 20pts. After 20 to 30pts
Part booking & SL to breakeven can be done.
Personal decisions advised
@PS
jnsar long taken at 4932. SL 4912 triggered. so again short with SL 4932. is this right method? or m i making mistake? thank you.
@ Traveller, i dont think it is an impulse but rather an a-b-c corrective,
as W4 has got into the territory of W1.
anmpatel
Egggjactly
Hi anmpatel,
Though I am not an authority on JNSAR trades yet... but I would want to put forth my views.
Different people have different strategies. I like to keep a 20 pt SL every day, instead of the first two days. So effectively the short position[previous JNSAR trade] has yet not been closed.
Some of us also look at the time factor... as to whether Nifty is able to hold above JNSAR for 10-15 mins... only then they reverse the direction of trade.
As far as what you are doing, the short that you have taken at 4912 should have a SL at JNSAR+20 i.e. 4932+20.
Ilango Sir,
Please delete this message if this is going to confuse more than clarify.
sir - "one is given too much importance." - whether they r giving importance to them or not doesn't matter but they should not "neglect or insult others" :( :P that s very painful
cooldent - tht's lolzzzzzzzz :) :)
34ema lovers, it's going to break???
@cooldent
@saurav
thanks.
@ Sujatha,
I have seen in my life so many "good intentioned" people destroying their loved ones unknowingly.
Too much of anything is "poison". Let it be love or hatred.
Buddhism gained prominence because of "excessiveness in other religions" and Buddhism's core principle of "Balance".
If one does not apply/ follow what he/ she has learnt, that person is a "walking dead". I have absolutely no regard for such a person.
Being born as human has tremendous responsibilities.
Beloved Master Ilango
It is true that when over importance is given to a person (particularly when the person lacks in maturity and balance), it can spell trouble. At the same time, nothing can come to us without a human being having been around. You have developed a great trading system. Many have benefitted and will be benefitted. And you continue to teach tirelessly. Tell me if I should not respect such a person? I do not particularly like ungratefulness.
Ilango I will frame your words for life!!
The fall from 4933 to 4904(Quite close to 5DEma) is a perfect "abc" corrective kind and not an impulsive one.
Is this "abc" is part of a larger "abc-x-abc" - will be known in the next 2 to 3 hours.
@parimal it"o.k.master telling about keeping the
EMOTIONS under check /balance.
Balance in motion....
Wonderful
Hello All, I never seen Master ILANGO, but whenever I see Master Oogway in Kung Fu panda Movie , It all ways make me remind of Master ILANGO.
Thanks
Tushar
Master ,
u have a Golden heart which flows like a river and it
is for the person to dive and seek knowledge through it
and clear his dirt of mind and soul.
Regards
@parminderji,
I 2nd to you.
@Tushar,
You are right! Ilango sir is like Oogway... and who is Master Shifu? Kumar sir or DR sir :)
Thanks,
Nilesh ji for the support.
@Tushar,YOU NEED NOT SEE HIM.FEEL him.
@master
what will be hourly high EMA for this hour. thanks.
Hello durga, I mean to ,both personality mathes.very cool ,humble,knowledgable.
Regards.
one a-b-c done, seems one more in the process
bank nifty so much discount!!!
nifty waiting for the signal.cat on the wall.
Dollar index at the critical level 81
DO any one know How to Increase time for keeping Inactive
in ODIN ? it get lock after few Min ?
Good Morning ILango Sir!
You are the person who transformed positivity in our mind. So you must remember that you are real source of inspiration for us. Your every comment leaves deep effect in our mind so kindly remember this thing also. If anyone wants to live in ego its his life, we people love self respect bcoz a self respect loving person will give respect others too. But an egoist will be satisfied if we bow down our head before him. Its my humble request to you, pls give us same kind of love & blessings as you are giving us since long. Do not punish us for other's faults.
Camarilla Intraday Update/Follow Up:
H3 SELL reached 21+pts & reversing.
Both Partial Booking & Breakeven triggered.
In Average 10-12pts Profit Approx.
Those who used trendline could have booked
15+pts profit. We can take Trade1 Closed with
Min Profit/No Loss.
Parminder,Sir.
You have excellently picture out everything in
just 3 sentence.I apprectiate and 2nd to you.
Regards.
dear sandeep go to tools and select preferences
there you can find workspace change as 30
Sir, Nifty gave a good recovery on Friday after another
gap down recovery,which confirms that these gaps are
exhaustion gaps and closing of the gaps indicates up move
. Also Nifty has taken support at lower trend line of the
channel from the top of Feb 22.
If the breakout from the Wedge is valid, prices should
move towards 5100 only after it crosses 4950 on EOD basis
kumar Sir,
Looks like , Inverse H&S in 5 day 5 mt chart, right Shoulder still forming, your view?
Pl read as gap down opening.
New Post Done.
Nifty forming Bullish Flag ?
thanks kumar sir for your comments,
its reflects my thought also,
@sandeep bhoite
Go to "Tools" in Menu bar and click "preferences."
A window will open there you can see "work Space" tab,
click that tab, there you will find "Lock work Station"
there you can change the minutes you desire.
Yuva
hello ilango sir..... i trade nifty only i subscribed many tips provider but
ps provider but result is zero... i follow ur blog past 3-4 days..
but i cant understand... u dnt advisees where to buy & where to sell
if clearly mentaioned where buy or sell its help full... i recover my past lossessss
plzz sir.....any kind of suggestion..i am waiting
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