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...
I know I m not alone & i also believe I will recover my loss but my time limit donot know.
This blog helping much but being very slow learner not able to capitalise gain.
Thanx Eevra for giving company
Wk pivot -5688
20sma -5686
5dema-5687
@Prakashbkc
dont worry friend...just stay focus, bit gai so bit gai...
just follow one or two study....dont be a jumping jack..to make profit.
keep Sl and follow it strictly a/c to your study..
our great master and seniors are always there in time of confusion....
Thanx Anmpatel sir,
Master , seniors guidance utmost important to me, I believe they are always present to show my path
@ prakashbkc,
Then how can we learn...? Master's intention is to make us learn from our own....go on making mistakss and learn from those mistakes ....In the long run all is well...if you do not give up.
prakashbkc,
This Monday in the premarket blog Ilango Sir has very very clearly stated what has to be done to consistently earn from the markets.
There is just one think left... the doing. That is all that is required. And that is the best way we can pay our devotion and respect to our guruji.
Completed the 1 hour by holding 5700 and Jnsar, today new HL above 5722 to be shown, next target is 5770 spot
jai hind MASTER ,DR SIR n all
If one starts with lets say 1,00,000/- capital
and loses 50% of his capital,
his capital will become 50,000/-
now to make his capital again 1,00,000/-
he has to earn 100% on 50,000/-
so the route of recovery requires more time and effort
@Pankaj ji,
The book titled as " Mastering Elliot Wave" by Neely is available in 4Share.com
I hope this helps you.
My dear blogmates,
That was my wishlist not my demand from my Master & seniors.
I m always indebted to this blog which act as fuel for my trading always
DR Sir,
The real problem is that after losing 50k, he wants to recover it very fast and in that case he loses more instead of adding to his saved capital. If he adopt the principle "to go slowly..but surely", he will definitely succeed.
@Jayraman, thanks a lot! Thank you very much!
@master
can we label like this:
5711-5692- a
5692-5706- b
5706-xxxx- c
for corrective ii or 5th
if a=c then 5687 or if 1.618 then 5684-85 at JNSAR?
thanks. i am trying....
DR Sir,
It happened to me. But after that I did only JNSAR trades and recovered.
@DR
@gauresh
TOTALLY agree with your view.
@ anmpatel
Good attempt.Keep it up !!!
friday turning out to be fryday for both bulls and bears
option data are also not indicating any strong move yet either side
Now few rules for trading if you dont want to make losses
Always one trade in system (Either Long or Short)
it will be more better if you have only & only one scrip (you can gradually increase lots)
If JNSAR is long and ur not long u must not be short also
gauresh59 said...
DR Sir,
The real problem is that after losing 50k, he wants to recover it very fast and in that case he loses more instead of adding to his saved capital. If he adopt the principle "to go slowly..but surely", he will definitely succeed.
eggzatly sir
the main problem is we want to earn fast money something like 4-5%per day and on regular basis
instead we shd focus on sure and steady return of 4-5% per month
i was also in first category never want to miss any trade..but now patience is virtue of slow and steady money
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00 AM, VAH:5734, POC-5716, VAL-5698, WVAH:5727, Pivot:5715, VWAP:5712
CE writers are cautiously adding at 5700-5800 Level, whereas the PE writers are taking the day off with small liquidation seen at 5600 and belwo levels…
Thanks & Regards
@dinesh bhai,
request u to explain it in detail
Always one trade in system (Either Long or Short)
as jnsar traders we trade as per jnsar long and short both. trading on one side will decrease whipsaws but will decrease returns too. this question is lingering in my mind since long.
Always one trade in system (Either Long or Short)
it means at any given time there should be only one trade in system
No hedging etc.
long in Fut and short in options
and not this month long and we take next month short
DR sir,
Any one trading only one side say, either only long or only short, faces less number of whipsaws. The only thing is he has to wait more time for another opportunity.
And if he sticks to any one or two scrips as per his financial availability, he will definitely succeed in the long run. He has to avoid jumping from one scrip to another frequently in search of profit.
Most of the cases trader wishes to have profits in all trades which is not possible in any business. Loss incurred in any transaction makes him frustrated particularly in stock market. In past I myself had experienced all these and learned a lot from that.
@dinesh bhai,
thank u. i fully agree . i have tried hedging etc in over night news and holidays. in few months i saw that hedging was extra loss. so stopped it.
@aguresh bhai,
for new traders i feel trading on one side will give less whipsaws & less profits what i think. if one can use experience to avoid/reduce volume of few jnsar trades like shradha saburi mentioned then its different. whipsaws can be reduced. that will require experience and expertise i feel.
typo gauresh bhai
@PS
yes, todays cross over of JNSAR-J10SAR is after hitting JNSAR yesterday, so safer long this time. this is i feel this time. is it? at EOD it will confirm.
contracting triangle pattern developing in BN 5 min charts
master lately ns is just around our jnsar have fii also started to follow our jnsar .master/ seniors --prakashbkc wish list is everybody hope cause many like me lose money reguraly n gains our less.As u said every thing has expiry date but we wish that ours should not be the fastest just hoping with faith.
@anmpatel,
have not followed it(j10 sar-jnsar relation) keenly. the major profits in any trend trading method whether jnsar/j10 sar/20 day sma sar/5 sma sar is taking those 300-400 points trade with full volumes
else one cant survive the whipsaws.
@anmpatel
i didnot mean that the studies will not be useful.
if we can reduce loss of whipsaw by any method that will add greatly to profit . i try to use macd & rsi however i have not achieved any success that i can report.
@ gauresh59
i fully agrred with you as i have experienced same with me and have lost approx rs 11000/- but now from yesterday i stopped this practice and concentrating only on nifty.
thanks
for all who are interested in HA
during 28th sep-4 oct rise, each day nifty's low did not even touch next days developing HA open value.(saved by 3 to 12 point)
so far tom developing HA open value is 5691.58 so what i feel is if this rise has some strength then day low for today is done. last support a/c to HA is today HA open-low same at 5681.77
let's see.....market is supreme.
Breaking news...........
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Sardiya Aane wali hain... Rajai Nikaal lo ♥ :D
@ S4S,
On wednesday you had mentioned about a WW pattern where NIfty would retrace back upto 5710 levels - (though the option was bleak on wednesday)and it did so yesterday. Can you upload a chart showing the pattern? Many times I have observed your interpretation of pattern to be good. I would like to see it visually on chart. If possible please update it on justnifty groups.
Also if you have a writeup on WW pattern, please do share it thro group. - My humble request.
Hi Satheesh Madam,
I second u for the same to S4S.
Regards
@DR Sir,
Take a vicks or whisky/rum with u.
Its a JNSAR for Sardiya.
oh..once again saved by 2 point...and bounce...
kya bakre ki ma khair manayegi>>
Dinesh Rishi said...
Now few rules for trading if you dont want to make losses
Always one trade in system (Either Long or Short)
it will be more better if you have only & only one scrip (you can gradually increase lots)
If JNSAR is long and ur not long u must not be short also
October 19, 2012 10:59 AM
Well Said DR Sir,
I am doing this since 1 year in SBIN, and return is 400% Annul.
Good Morning Sir and all the gems of JN
Dear anmpatel good question.
Now let us see the two conditions
1) JNSAR is long at present and yesterday it has triggered so it has triggered first J10 SAR and then JNSAR which is the ideal condition for the buying.
2) If JNSAR becomes short so it will hit J10 SAR and then JNSAR so again ideal position for the shorting
3) mostly in such a case now short will be more preferred ( it is the past experience)
now do not miss JNSAR
follow the global cues with dollar index and US 10 year bond yield movements also local events.
above all I do not have proof above statements.
Jai JNSAR
Regd
Those who are interested for WW patterns must/ should visit I charts thread running with wolfe waves...I was regularly posting ww patterns ..but recently stopped..Will post all write ups I have in group...There few good traders keep posting intra ww in 3,5,15 tf..
And I have firm belief that lots of guys over there are in this blog with diff id like mine...
@ Prithvi Yashashvi
Lols...............
Well said.JNSAR for Winters.
Hello frnds n Sr's,
Can someone guide me with the TA updates. I find no updates since 10AM in this blog.
Warm regards n TanX
@ Sateesh
Here's the link on WW pattern from S4S' blog
http://stockk4sure.blogspot.com/2012/10/bullish-ww-in-nifty-charts.html
@anmpatel, @DR
Hello Sir, Gud AF noon.
Can u pls share the latest updates of TA.
TanQ
@anmp : Nice finding, helpful
thx
lo gai bhais paani mein......
@ Sandeep Koppula
This is based on an individual's expectation.That way thousands have posted chart on bearish HNS also.
Market does not work on expectations.
@ Sateesh ..pt 5 fomed for bullish ww tf 3..tgt 5710 Ns
SL 5676 buy above DTL joining pt 1,3 5 .few buys above 8 ema bar closed in tf you are initiating trade
JnSAR triggered down..well 20 point stop loss is 5663
Isn't that an extracting triangle from 5815 going for its C :) :)?
buy is still not initiated at bar did not close above TL nor above 8 ema
I meant An extracting triangle similar to the chart in this link from Fire
http://firecharts.blogspot.in/2012_06_01_archive.html
the ever important GOlDEN RATIO of the last rise is at 5668 !!!!!!!!!!!!!!!
Llango sir ,
can expect any bounce from 5671 as of our chart (S1).
Thanks Sandeep koppula.
todays HA open 5681 broken...
The possible target for this pattern should be the downward trend line support(c) in the chart given in Masters blog.Seniors please comment on this possibility.
@ Dr ANMP: suggesting lower close eod ? OR bearing until moved past 81 !
Time to be alert! and still!!.our premarket critical area approaching!
@anmpatel
JNSar long SL is 5665.
bar closed above 8 ema yet to close above dtl..
Dinesh ji,
SSA
Looks like master is just watching the tussle going in between people regarding Jnsar and its outcome silently.
@evra
HA open broken s/o weakness or consolidation...only clear at EOD close.
@prithvi
JNSAR SL is 5663.
a doji or hammer today??
master's last posting @ 10:17 !!!
DR Ji
Masterji kithe gaye ne ?
New Post Done.
Master ,
is just watching us all silently
midcap index making lower lows
good afternoon master and blogmets
dayJNSR sl is not trigered
am i right?
5722-5650 golden retio 5677
as yeserday
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