Monday, October 22, 2012

Nifty @ the break-out point of the "90 point range"(5635-5725)


9 comments:

bizagra said...

Ilango sir..in this RB market daily lead Indicator reaching overbought zone....how to read it??thx

J.R.Julius said...
This comment has been removed by the author.
coolestone000 said...

VijaVikas said...



ilango sir
u have the great knowledge of this market but l c'nt believe bliendly on yor i lot znsar trade which r u showing in next day pre market sar table becoz i d'nt think that anyone can do alltrades supervly without any error
l know u will say that u d'nt want to give the live calls
but i just want pl include it in live market for one or half month to clear our doubts till than its will be suspicious
October 19, 2012 10:02 PM

ILANGO.....why keeping MUM if truth is with you?

shriram said...


Lets Walk, Talk , & Breathe some pure TA, with help of simple humble EMA / RSI maths :-)

So Q is How to combine RSI with EMA, EW & TLs to form a heady cocktail of A ROCK SOLID SYSTEM??

Q: basic ... What is RSI ?

Ans : RSi(N bars) = 100x(1-{Avgloss(N bars)/[Avgloss(N bars) + AvgGain(N bars)]}

With some conscious experiments with "N" we can sometimes get amazing "insights"

As said prev, RSI is most , most useful in identifying correctives of EW.. if one can see the fall from 5449-5216 , it lasted 9-10 trading sessions... so stepwise

1. Choose N=9 on Day TA for the RSI & see how RSI has fallen DOWN to prev lows , but was UNABLE TO DRAG DOWN PRICE to 5033 !! This is the first big hint that the Dominant Cycle for this whole move is Approx some multiple of 9

2. It also gives a VERY IMP INFO , i.e 5449-5216 may be a CORRECTIVE to 5033-5449 (sub-dividing wave in play possible)

This allows us to unleash our 2nd weapon which is EW (to be unleashed NOW, once the wave has been identified as Sub-divinding)
3. So, set up simple channels comnecting Tops & draw a Lower TL ||el to it thru 5216
4. Check if the 5hi-Lo-Cl & 10Dcl EMA system supports the EW lables
5. Start Labling with some imagination, some guts, & a lot of good wishes from the Wave Gods :-D

.. so we go thus

C.1 4770 5349 -579
C.2 5349 5033 316 -54.6%
C.3.1 5033 5449 -416
C.3.2 5449 5216 233 -56.0%
C.3.3 5216 5815 -599 144.0%
C.3.4 5815 5634 181 -30.2% ** is this over ??
C.3.5 5634 5891 -257 42.9%

6. Take a look @ behaviour of RSI9 from 5815-down again ... does it look like a corrective, By God it does , but the "N" for this C.3.4 from 5815 is already >9 , so RSI9 will only "Approx'ly REPRESENT THIS CORRECTIVE

7. Once the wave unfolds & we come to know its "N", then we can re-assign RSI"N" for this projected C.3.4

8. Always remember the Dangers of EW , LABLES... Never get attached to an Elliott Wave lable , not even if ur life depended on it ! ;-D

Simple Qs to ask self : -
(a) Is C.3.4 is over @ 5634 ? Dont Know.
(b) Is this C.3.4 ?? Hi-Lo EMAs seem to suggest so, YES possibly
(c) If yes, what is the form of this corrective, possible that it ended @ 5634 or if not, then possible DZZ as long we trade < 5780 (see upper TL of the corrective channel, also tallies with 80% x (5815-5634)
(d) If DZZ , then Y will unfold DOWN tgttting : 5585-5550 (WkLoEMA & lower channel)

Any thing below 5550 is WEAK , a NEW DOWNTREND !

And now , time to deploy the GOLDEN WEAPON, the best of them all , the simple humble 5EMA on Multi-TFs ...

Thus, wot do we land up with ?? :-)


Summary:
Bulls as long as 5630-5650 is protected & super bull > 5780
Bears EOD close < 5691 & better EOW close < 5655 to turn down Wk again

hardwork is done, now lets see if the TA Gods , bless us this week :-)

Sethu said...

Kudos to this kind of analysis. But I have devised a simple system based on EMA by which I am making money consistently .( Net gain) returns are more than 50%. If you are interested , just send me a mail, I will send my excel sheet numbers and charts.

Dinesh Rishi said...

Good Morning Master and copy to All

Piyush Sharda said...

shri ram
how do u get 5891 for 3.5?

manojag said...

New Post has been done

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