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 ...
77 comments:
reposting:
@ illango ji :
many tks sir, ur view gives confidence in trade !
@ The_Unprej_Obsv :
YES! "C" waves can either be 5fifer Impluses or 3-3-3-3-3 Ending Diags
CAM L3 5076ns giving res
This hour poised for some decisive move for intraday..
Above 5076 & Below 5063.
Illango ji,
Just thinking..
One reversvation in this C label, tat i m trying to follow.
On DAy TA the story looks different :
CMP is clearly < Developing 5DEMA (ruffly @ 5125)
Waves driving me crazy again :-)
Dear D R ji!
Ya, but possible above 5225 only so i am holding with SL of 4950. Now Yday afternoon low 5035 also very crucial, if holds then good chance. 5 DMA kissing 200 DMA so another factor which may support a fast rise on daily:)
sir ji,
similar to camarilla lvls, can you please frame and
give us the levels-general using c/h/l on daily
and weekly basis-ema's.
it will be a great help.
@JNSAR Family,
NS open in Between H3 & L3
Scenario 1
So SELL below H3 5152(Not Triggered)
BUY above L3 5077 (Triggered & Gave 25 pts first)
Second time SL 20 pts triggered
Now Price Below L3 5077 and Above L4 5039
NOW
Scenario 3
BUY above L3 5077
SELL below L4 5039
Further Readings:
Camarilla Rules
sir ji,
atleast give us the sequence
during ut and dt.
BREAKS 5063...Ilango..you're a monster..no words to explain you
KSM
Sir is not a monster (i believe it is typo) but a Master
If any bulls remain, please cover your longs and
escape..nifty is going down atleast upto 4800 levels
sir ji,
in camarilla,one need not wait for HH3 or LL3.
MY OBSERVATION,
> HH1 STOCK IS bullish &
< LL2 stock/index is bearish
I wrote monster..but in a different way..I follow this
blog for few years now..
Apart from this blog also, he is a great man...time and again
he proves he is a great teacher, human being and
intelligent man
Kumar ji,
pranaam sir :-)
Camarilla Intraday Update/Follow Up:
L3@5077 BUY gave 25+ Points profit.
L3@5077 Second BUY 20 pts(JN Filter) SL hits
Overall I put 20 pts SL booked in our performance report, because
its not possible one could predict fall & book 25 pts Rush.
SELL below L4@5039 or BUY above L3@5077
are the opportunities now.
@ Suresh,
Sequence is there in the TT. Read the guidelines and respect the fresh signals as well as the higher time frame's signals.
When a set up looks "risk-worthy", initiate trades.
Observe the market based on those guidelines and you'll find it better to understand.
Knowing simple Elliott wave theory and applying them along with classic technical analysis covers almost 'all aspects" of the market.
There are times, market has no message...marketmen are indecisive which gets reflected in stagnant prices. Step back on such occasions..
Julius
my input if allowed. I part book and trail my stop loss to cost.
Dear Shriram!
Pranaam bandhuwar....Jai Shriram:)
EE Done.
@Mr.Cooldent,
Yes those who use Stochastic/TL as safety tool will surely do the same.
:)
sir ji,
thank you,
please give the link, if possible
thanks
Bulls takeout your
batons,
Knifes,
Swords or whatso ever u have
bears breaching 200SMA of BN
@Mr.Cooldent,
Also LH candle in 5mins Gave chance to Exit with minimum profits.
hahah.. Kumar ji
Nifty ji to aaj teda naach kar rehi hein, Hindalco dekhiyega :-)
@Illango Sir...we are playing out 2004....should be going down 4700
Camarilla Intraday Update/Follow Up:
No Positions Now.
I will not be amazed even one more hit of L3 happen!
Camarilla Intraday Update/Follow Up:
Waiting for L3/L4 with Open Mind.
@Dr
sir i book all in bank nifty. is it ok to resell? kindly guide. what is DLEMA for today. thanks.
Struggle is @ the last low ema - HLEma @ 5055.
Good afternoon sir,
Nifty is near 61.8 golden ratio 5040 and the rise from
4988 to 5124 is 3 wave formation for A and recent fall from
5124 seems 3 wave for wave B resulting for final c wave
rise can be seen to complete flat correction for 4th wave
and posting since long time so hi to all
thanking you,
Nirav Patel
anmpatel
as you have booked
its better to wait n watch
action around 200 SMA
200 SMA is where Smart money moves in r out
It appears market is forming a bullish flag after y'day
post GAAR rally.
Definition of 'Smart Money'
Cash invested or wagered by those considered to be experienced, well-informed, "in-the-know" or all three. Although there is little empirical evidence to support the notion that smart-money investments perform any better than non-smart-money investments do, many speculation methods take such influxes of cash very seriously.
Read more: http://www.investopedia.com/terms/s/smart-money.asp#ixzz1uGgLMeT1
@Pramid sir
in what time frame
cam sell active !!
Camarilla Intraday Update/Follow Up:
SELL Triggered Breaking of L4@5039.
Yes Mr.AK
Seniors
is it a falling wedge in formation on an hourly chart
EW folks..
think all options in correctives,
ABC as ZZ possible upto 5017 or immediate level ..
A 4990 5125 135
B 5125 5021.86 -103.14
Below 5017 , possiblity of FLAT is ON !!
cheers
@ buggie Advani
30 Min, but appears breaking down
It is ...Thud... sound from 5063. Thank you Sir.
Camarilla Intraday Update/Follow Up:
CMP Below 5020
From SELL L4@5039
20+ Points Profit
Kumar sir - Let it touch 4949/30 pls and then BN 9550/70/360 is it possible not wild thinkingbut i had a "useless thought as usual" touching here is a good one :) :)
Bye
sorry didn't mention breaking down pnt - 9640/9600 level
Camarilla Intraday Update/Follow Up:
CMP Below 5010
From SELL L4@5039
30+ Points Profit
@Dr
how much is the 200SMA for banknifty sir. thanks
@Dr
sir can you also tell me DLEMA for banknifty today?
that;s it kumar sir - don3 9570 balance when tomrow???
@J.R.Julius, 4971 is weekly breakdown CAM level. Yesterday , Nifty survived that point [low was 4988], moved past weekly L3 5030, for a good 100 points nearly. So watch 4971 level also this week, break of which Nifty may lead to 4877, as per CAM spot levels. It has to move past 5030, holding 4971, to save Bulls.
hlema =9673 for banknifty
Camarilla Intraday Update/Follow Up:
CMP Below 5000
From SELL L4@5039
40+ Points Profit
@Mr.Badri,
Thanks for sharing your views.
Combine Weekly CAM with Daily CAM for better results.Many times it is also more rewarding.
Sujatha is Back in Action!!
Market is also Back in Action !!
Kumar sir - 9550 i closed partially . becoz 9570to9600/03 closing is dangerous that may intiate a bounce. Now waiting for ur view :) :D
Dear Sujatha!
When i saw u in action, i was alert & thats why 5035 saved me...now very light & hedged so you can complete your all targtes:)
DKG - :P :P i got time today and pulling kumar sir's legs as i would like to know whether he s giving my target no 360 or not?? becoz another 200 pnts is nothing for BN
Illango ji,
Alt view:
Can this b a totally new sub frac of the DOWN IMPULSE ?
5125-4995 or
an Xpanded Flat B downwards ??
@Ilango Sir - isnt 4950 61% of the fall from 5600..? For the bullish view to sustain, should'nt it stop there..?
@ Sujatha,
200 points is nothing for Nifty also. (4800)
@ Master
Compliments to you again.The "Thud" happened at the
Mid-point as per leading indicator as assessed and warned b
by you.
Regards Always !
Dont mind, just pulling leg of Nifty.
5004 month LEMA.
Dear Sujatha!
9500 spot closing is important in Bank Nifty, if sustain then a bounce possible:)
@ bharat ,
61.8% is 4951 and 80% is @ 4751.
Present direction is down - TT's colour. Let more prices unfold & technicals change to update our views.
@Mr.Badri,
A system already has clear rules.
If we add supportive rules much,
Mostly we violate the System.
Just my opinion after tested more than
200 day trading strategies.
I may be wrong.
Sir
B wave is still not complete
Kumar sir - thank you very much will revise my work
DKG - agree with ur view...but BN protection of 9400 level
means nifty may protect 4949/30 level bounce back then will show it's action this is my "useless view" now not in mind 4800 only 4949/30 that too with Kumar sir's permission :)
Bye sir
Double Bottom Nifty Hourly Chart.
Camarilla Intraday Update/Follow Up:
From 02/05/2012 to Previous Day Market
Camarilla Performance 183 Points Profit.
L3 BUY SL -20 Pts
L4 SELL 50+ Points Profit
One could have been booked 45 points
So overall Profit +25 Points.
Today Profit = 25 Points.
Total Profit = 183+25 = 208 Points.
Shanti !!
Tomorroe gap down of more than 25 points invalidates
wave B ....and resume downtrend
hrly NF double bottom and positive divergence
bounce to sell out
No Mr. Julius. You are right. Just for additional information I shared. No hard feelings.
@Mr.Badri,
No hard feelings - Just shared my opinion.
I really appreciate your shared info.
Dear Rajandran.R,
Wishing you A Very Happy Birthday.
Camarilla Intraday Update/Follow Up:
One more chance to book above 15 Points.
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