this might help some new comershttp://www.elliottwave.net/educational/basictenets/basics3.htm
Sir and blogmateswavetimes.com Ramkisir has given the target of nifty @4355. If possible share ur views.
respected master i get confuse with lot of trading systems i follow following34hr sma, crossover of 34 hr sma and 21fibbonacibollinger bandsjnsar5 ema strategy dlema,ema,lema.moving averagessir now the problem is with entry in nifty because there are so many levels and every time one of the system give entry and other the risk entry, sir please guide me.thank you
IF jnsar short trigger at 5055, why tt is showing green colour jnsar
FII buyer in Cash with 400+ cr...... something other indications to market....
@rekhaJnsar is in green bcos nifty closed above it, triggering is not a permanent one!, whipsawing and reversal also may be there!
Jnsar short trigger at 5055. so sl is 5055+20 = 5075. this is my understanding. You mean to say jnsar should considered only on cl. basis.
and now news of Fitch changing India outlook to negative will dent more tomorrow!
@rekhafor tomorrow jnsar is 5070 if you are short keep sl of 20 point for tom and day after tom. i.e. for tomorrow sl is 5090. and if you are long keep sl of 5050. search the blog for SAR and read how to follow it otherwise is dangerous.thanks.
Dear Chetan,As a beginner I follow only JNSAR and nothing else. I believe in mastering one system and hitting every trade that the system triggers. Mixing multiple systems increase your profitability by giving you potential pyramiding points but that comes with experience.Dear Kalyani,Today JNSAR was triggered on the short side. The trade has yet not whipsawed with the 20 pts filter. After a short trigger at 5055, NS did not go above 5075 [I usually wait for a 5 minute candle closing above that number]. Moreover tomorrow's JNSAR # is at 5070 and with the 20 pts filter the SL for the shorts is 5090.Follow the system. You might not get the tip of the hair or the tip of the toe nail, but be rest assured, you will get the meat of the trade.
My observationA big candle (tube-light) if news based is to be treated as "Gap"
VIX reading for 18/06/2012.25.54 25.54 22.25 22.60I am unable to understand the close even after 75 points fall in nifty.
Namaste Ilango Sir & Blogmates, Neutral to Bullish: Bulls lost all that was gained on Friday as they anticipated too much from RBI....; Option Analysis for 18-06-2012Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
@ Sanjay jaiswal,Is it "Neutral to Bullish" or "Bullish to NEutral"?
Thanks for the reply
@Satheesh Mam,For me its neutral and a close below 5006 NF, Monthly VAH, will be Bearish...
DR bhai,ur thought on tube-light is like "thunder-bolt" ;-)
covered 4800 puts....now left to cover 4900 puts written.....soon