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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
11 comments:
Sir in 9 Rsi chart price closed above 5DEMA
Thank you
time to revisit 6300-6400 has come minor hurdle at 6132
Namaste Ilango Sir & Blogmates,
Bullish to Neutral: Nifty Future OI at just 1.3 Crore, the lowest of the series, going down is not an option right now...: Option Analysis for 23-01-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Dear Sanjay ,
Nifty Future OI at just 1.3 Crore, the lowest of the series, going down is not an option right now...:
Thanks....
As usual, FIIs are net buyers on all days of this month. today Midcap Index down 74 points, despite Nifty corrected from days low made at (hrly) middle BB.
CNX Smallcap Index has corrected from 3892 to 3714 since 8.1.131.
do these Indices (Smallcap and Midcap) provide any clue to Nifty movement?
@mynac,
Is it possible that nifty may go down with huge increase in open interest ?
near of expiry option data not give us right way..
sanjai sir/ friends,
" going down is not an option right now "
meaning downside is unlikely or downside will be ugly if it happens ,
please clarify
@ chetas yes i also want to know. like they say in films it is not an option, means it has to happen. very cryptic comment from sanjay sir. what does it actually mean ?
Trade Less, Make More: Time Frame Alignment
by Troy Peterson January 23, 2013
As an equities trader, I teach and coach other traders how to find solid trading ideas. If a trader in my trading room or in a coaching session asks me about a certain stock, I always start from the bigger time frame: monthly and then work my way backwards--weekly, daily, 60-minute, 15-minute, 5-minute and 1-minute. Eighty five percent of the time I will find a point on one of the time frames that would make me not like the setup or give me a neutral bias.
PUT THE ODDS IN YOUR FAVOR
Time frame alignment is like stalking all the odds in your favor. I work with a lot of new traders and they are always so eager to find a trade idea and hit the button. My job assignment is to find high probability setups based off time frame alignment that sets up low risk and high reward.
TRADE LESS, MAKE MORE
My mantra is "trade less, make more." Once you have obtained a predefined edge with setups, you will need to patiently sit on your hands and wait for clear setups or wait until the next day.
Using time frame alignment with trading setups is like using a sluice box to find the gold to your trading career. Relax, slow down, study, learn and follow the bigger trend off the larger time frame. The down fall for new traders is when they trade off the smallest time frame, "1 and 3 minute charts." View all setups off the larger time frame weekly, daily, 60 minute then dial down to the 15 minute or 5 minute to find a nice entry point in your favor.
BOTTOM LINE
You will trade a lot less, get stopped out less, and your broker will get less commission from you.
http://www.traderplanet.com/commentaries/view/163248-trade-less-make-more-time-frame-alignment/
Can someone please tell me what are the settings for the 'LEADING INDICATOR' and what is the red line with 9-RSI indicator in the charts above?
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