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 ...
30 comments:
Here is the Neowave trading system performance and actual spreadsheet if anyone interested....
http://www.neowave.com/performance.asp
1.00PM updated.
Stochastic cross over seen in 60 minutes NF chart.
Nifty Pre-Market View:-
Bull: A retrace to "5668-89" zone and set the stage for another upmove-a keen tussle for 5700CE/PE writers.
Sell @ open/ on a small bounce.
Corrected to "5675"(Conservation buy)
Master said some days back = if 5587 did not breach the fall should be considered as month trend up consolidation only......so till now 5587 is nicely placed & i m wishing for a month trend up boom......
Regards
JNSAR follower
Below "5680" weak and "not likely to be iiird of 5th".
@Ilango Sir
Can we have 5663 as SL for conservative buy also.
Also stated before OPEN:-
= = = = = = = = = = = =
Ilango said...
Aggressive traders may sell at open or any small bounce for the corrective "ii"nd wave.(Which could turn to more corrective too below 5675)
October 19, 2012 9:13 AM
Fellow bloggers - can anybody tell me whether it is possible to get live Nifty Futures complete order book? I generally get to see only the best 5 bids and offers.
Just a few minutes ago, I saw a very large bid on BNF which was very clear indication of the near-term bottom or a large downmove below that. Any pointers regarding the live order book would be very helpful...
@ Master
Would it be ideal to short at 0.618% at 5704 with SL at 0.80%.
Please advise.
Sir,
Can I have Tatamotors developing JNSAR?
@All,
Dhirubhai Ambani(RIL) taking a nifty 5th wave @5950-5985.
Enjoy.......
IndieTech
Its called Level II /III quotes
In India I dont think its available
Till Nifty is RB & you want to hide your tears wear helmet
http://cl.jroo.me/z3/B/4/y/d/a.aaa-Cutting-onion-LIKE-A-BOSS.jpg
Robert prechter said...
“I’m saying: ‘Winter is coming. Buy a coat,’ ” he said. “Other people are advising people to stay naked. If I’m wrong, you’re not hurt. If they’re wrong, you’re dead. It’s pretty benign advice to opt for safety for a while.”
& Shastri ji also said something........
@IndieTech
I don't think its available for retail guys.
Anyway you don't get much by looking at what others do. Follow price and be happy. Check the video link below.
https://www.youtube.com/watch?v=kftVwyWDi3E&list=UUHjyd8vBvHR4FJRYUgUqK9A&index=72&feature=plcp
how many bears are here today....
Ilango ji,
DZZ unfolding from 5722 ??
now the premium has also shrunked to just 4-5
@All,
Master say's
Below "5680" weak and "not likely to be iiird of 5th".
nifty now 5671..wear a weak.
thats nice movement!!!!
Friday is operator's Day.
yesterday rise started from 5660 and now we are almost back there if this goldern ration (5668) breaks...
CDG
count urself
http://www.animalsasia.org/images/template/template03/Bear-enrichment6.jpg
5658 breach will make Week DOWN.....
New Post Done.
@DR,
ha ha ha...
Desparat attempt to stay afloat esp.BN
@DR and AJ - thanks for the response.
@AJ - fleeting orders by HFTs can well be ignored by looking at avg bid or offer value (excl. extremes.
Price movements around VWAP has been a good pointer for my intra-day trades. My observations are quite raw as of now; hope to share it with the group sometime. VWAP has made me slightly curious in the entire intra-day demand/supply dynamics - maybe I will try to study Market Profile tools.
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