sir,few days back you said when in trading mode we look at lead indicator for OB/OS so now as we are in up mode in daily so which indicator to look at for OB/OS.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, VAH:5920, POC-5879, VAL-5839, WPOC:5931, Pivot:5906, VWAP:5949The PE writers still in command for the day, Nifty is consolidating within a narrow range, 5920 NF is important…Thanks & Regards
@dear masterTT is not updated.thanks.
Dear parminderji mail sent regds
1.00PM TT & Chart updated.
This type of dips are generally made to increase prem in nfwith falling nifty spot prices nf will not fall in same range but with rise in ns prices nf will overtake it and prem may go up again towards 30-34 pts near eod(if nifty moves up)
@IlangoThe 50% fibo retrace and DHEMA are strong supports...a possible reentry point for the next wave up?
see the following period:11/7 to24/7/11,1/6 to 13/6 /2011,14/2 to 22/3/2011,4/9 to 20/9/2011,2/4 to 19/4/2012,8/10to31/10/2012 -10ema in middale of 5ema highand 5ema low,see almost every day or altranetday sar trigger and we lost 20/30point stoploss + brokarage.
@ JD PatelThanks for sharing this. But if your method is followed, then is it that the signal will come late and hence loss of points with those signals?
one more tool to recognise the same when 10ema close and 5ema close come near and become horizonatal it signify range bound market and trend following is not give result.it also confirm by 9adx its go below 25
@ shivanGupta,In a trending phase, only divergences could show exhaustion. If the trend is strong, the divergences may not result in sustainable correction, instead shallow correction happens.
The Unprejudiced Observer:when you see inchart 10ema come between 5 hema line then on first trigger square your positional trade and go sort at 5ema high and go long at 5ema low.or near support go long and go short at resistance with small stop-loss.
@ Indus,If bullish & to breach 5939, it should hold 5910(61.8% of last rise);If fails, it would mean, it is correcting the entire rise from 5823 to 5939 which would mean lows below 5900.(Refer Fibo.table)
@Ilango: Do you mean the "it is correcting the entire rise from 5823 to 5939" it retrace to 5823 or just below 5900 somewhere 5888?
@ rajapvt,If stops @ 5910, I would assume it as a correction for the 5892 to 5939 rise.If moves below 5910, I would presume that it is correcting the 5823 to 5939 rise for which the retracement would be "5881-95(38%-50%)".
New Post Done.
@ilango sir,u said 61.8 % for 5892 to 5939 rise after that u took "5881-95(38%-50%)" some times u take 80% .sir, my question about fibo. no.any cretaria for correction stops diff. fibo. no.it confuses me most of the timewith thanks
Live PA Signal - 19-12-2012Posted in JN Groups
*PA Signal - Price Action SignalsCandle Based - Not a Call/TipStrategy to Understand Price Action.
@ market rider, The most common retracement level for wave 2, b and X is .50 and ,618 of previous wave and for wave 4 it is .382 of prior wave 3
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