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 ...
44 comments:
Good afternoon Ilango sir & blogmates
Still a NR7 Day...
Dear All JNSAR lovers,
Its important event tonight & market is in crucial resistance area so partial profit or hedging with 5200 puts will be safe startegy, its in goodwill only so take care of your trade:)
@ ilango sir,
How we consider bullish/bearish picture by open interst table.
pcr shows bullish/bearish?
with thanks
sir
5175 fast fall possible??? any EW take here?? tks n advance
Closed again below HHEma.
Another retracement to be ready:
5154 to 5246.
38%:5211
50%:5200
61.8%:5189.
80%:5172
@ Sujatha ,
There are minor -ve div in Hour TA and the prices have closed below HEma at 2.00PM.
Unless week TA asserts itself, a normal correction to 5200 or 5189 is possible.
Sir,
Missed the actions and update today ,
Do u think retracement above 5190 can be good entry point ?
Apologies if it is already answered .
ns taking supp near 5224ns on TL joining last 5 days lows
Thank you very much sir
Piyush - mail sent
@ numchar,
If 5224 is broken, it could fall to 5200 or 5190.
One channel support to another channel support is the logic.
GA Sir and all
Buy the rumour and sell the news...is it time to sell the news...
sujatha ji, good afternoon
waiting for idli or pizza
??????/
Every time you answers enables to look things in new perspective .
Thanks sir !!
@ bharat,
What is the News??
i am a bull only above 5267
Kumar Sir
"Its important event tonight"
????
Sir...news from FED/ECB...
Dear D R Ji!
http://www.usatoday.com/money/economy/story/2012-07-31/federal-reserve-meeting-expectations/56604698/1
Dear Bharat! That is event, not any news as of now:)
nath - good "punch dialogue" excellent yeah above is "rocket launcher" will be ready
pam - no comments :)
sorry sir...bad english...enlighten us how to be prepared for events like this....
sorry sir...bad english...enlighten us how to be prepared for events like this....
@ bharat ,
Learn technicals & be disciplined in its application.
OR
Follow simple SAR method using JNSAR or any number of your choice.
BN making Ascending triangle on intraday chart
from 27 Jul
@kumarji,
the headline says fed may not do any qe3. so market is probably not expecting any. is there any other way u r looking at it..
Sir...point noted
we are so lucky to have a guru blessing us always....
With elections on head i am sure obama dont want to take any chances..... and he will do what he can t make thing fall in place
Dear Piyush!
I dont follow these news, always use for caution. I am happy with my charts, hedging & sir's views here. Look yesterday PC made FM, Fiis know this since long so they were buying continously bcoz this man always helps him by all means. What is ur view on Nifty:)
We might end today at Day's HIGH...
any Significance ????
Ilango sir,
what if this is just a correction/retracement of the fall
wouldnt jnsar prove wrong if so
increasing OI in 5200 PE shows strong support & as price also proving same information ,, :)
master ur humblness is great and i definately want to inculcate this in me to learn n improve
JNSAR WITH US, TA NUMBER WITH US, FII ALSO WITH US
AND NOW CHIDU UNCLE ALSO WITH US
THAN WHY THIS KOLAVARI D...
DO LONG YAAR...................
JUst for Info
http://www.businessinsider.com/tax-witholding-job-growth-2012-7
@kumarji,
thanx for ur view.
after making bottom at 4531 we made a hh at 5629. low at 4770 and rallying. so technically
we are in bull market whether we like or not. break of 4770 and 4531 will be bearish. till then we making hh hl ie in bull market. in short term 5258(pivot high) is resi and 5300-5261 as gap resi for bulls . hour has divergence but no price confirmation. so shorters only have anticipation that fall might happen/resi wont not crossed
@ JCOPER,
Such questions are irrelevant while following JNSAR.
JNSAR does not reveal outcomes of events or impending dangers and so on.
JNSAR directs you....demands you to follow a disciplined path.
Only a person with "Silence in his mind" can master it.(not the one having non stop chattering mind)
Good job number is expected
@ JCOPER,
While following JNSAR, there is never a right or a wrong thing.
JNSAR is long or short at any given time based on its number.
If you are prepared to sacrifice some money during its whipsaws in sideways market, it will reward you many times over.
Dear Piyush!
Thanx for ur detailed reply, kindly enlighten us thru ur precious views always.
THANX
NO OFFENCE HAD A DOUBT SO ASKED
@ JCOPER ,
No offence taken.
A kind reminder for a disciplined approach.
--> back
Last min of trade & all i can say is 5DEMA is trending up... Jaagte raho :-))))
cheers
kumarji
me enlightening u :-))) . like a candle giving light to electric bulb.. :-)
Dear Piyush!
Nothing like that, analysis and trading are different as u know well. Analysis has probabilities, but in trading we trade only one side. Probabilities is taken care by money management-S/L, hedging, position sizing so we lose some and win some. Idea is to lose less when wrong and win more when right. TT is our light house so it alarms us timely.
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