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 ...
54 comments:
@ Anand,
Ilango said...
For the aggressive intradayer's, the buy zone reached when Nifty touched 5605.
March 28, 2013 at 10:42 AM
NF small double top at 5637-38 ?
below 5616.65, can trgt 5596 nf . lets see
@ Anand,
The only surest way to make money in "Intraday trades" is through:
Supports and Resistances
respected sir,
I got question coming in my mind. how to decide time frame (thought its depends from person to person) if i see hourly charts SL is small but targets also small and i neeed to be frequently active but id i see daily or weekly charts SL are big but targets also of equal rewards. trying to concentrate as you said problem is in individual not in markets or charts. try to reply in simple words if possible
Goodmorning ji and all.
Thanks for your guidance.
I have already taken + position at 5670 april NF with sl at 5660.
Regards
I bought titan industries @ 235 march and rollover today. But where to exit no t understanding....... seeing resistance near 275 levels or Put SL 245 odd levels
ns at channel res
longs to be cautious now i guess
@ jassy,
The dilemma comes only when a lower T/F gets into "Exhaustion zone" and start to go into "Counter - direction" to the higher T/F trend.
The example is being played out today with a "Falling wedge" pattern getting completed with 5 sub-waves, +ve div, etc in Hour T/f @ the support level of 5605.
One needs to follow this trade towards the day close to see whether it merits a reversal at day close for Day T/F TA. If it does not, then carry the shorts by closing the longs. If it does, then carry the longs. If doubtful and need better confirmation, have no positions.
--> back
the HifreQ oscill is vibratin too much, smelling a fall now to 5620
good afternoon sir.
5600 call writers are running out fast
Sir, what is the SL for the conservative sell ?
ns sust abv 5648 the channel res may trgt 5658-62 range the expanding triangle trgts for 4th wave
5th can be down which can be fast and furious
sub 5600ns levels
Finally,this is the one I was expecting... Thank you So much for such a clear message..
#One needs to follow this trade towards the day close to see whether it merits a reversal at day close for Day T/F TA. If it does not, then carry the shorts by closing the longs. If it does, then carry the longs. If doubtful and need better confirmation, have no positions.#
Warm Regards,
Guru
5600 call trading lower than Iv, even if considered Nf price, may be some downswing
extreme volatility in small range.
any view for 5600 PE of April Series?
negative div developing in 5 min charts
nifty exp @ 5662
can this be last attempt by bulls?/
expection of people about expiry is near 5620 levels god knows 30 mins to go.
S4S,
NS not retraced 50% from low.
Itching to buy 5600PE as one downside is still pending.
Thx Ilango. Nice to have JN Group link right on top, its most convenient now. Thx again.
5659
ns at upper T/L of expanding triangle
4th wave completed in exp tr pattern
@ Hitendra
better to buy 5700pe
importance of 5685 number bulls getting it fast.
Sir, should we wait till Monday to go for conservative trade ?
STOCK4SURE said...
@ Hitendra
better to buy 5700pe
March 28, 2013 at 3:01 PM
Not so fast dear
trading above 21/34 Hrsma & above last week close.
N Ram ha ha ha what about master saying about pure technical 0.382% retrace-ment of entire rise from 4770 at 5602.
bye all have a great week end.
anybody closing avg?
yahoo links not working from my pc!!
thanks.
Thanks a lot >>>> got point very clear.
Just need to know if T/F stands for time frame?
I work with swings but usuly face problem with Fear. ur advice of meditation is working welll
Follow the market - is our only strategy.
When you sit thru' the market hours, you follow with "Day & Hour TA".
What was the hour TA's message..?
What was the "worked-out supports & Resistances"..?
What was the strategy worked out "during intraday discussions"..?
You do not need "anyone's" propping up to do these trades.
There is no mystery number.
There is only "following to do".
Did you follow...????
arnd 5675
anm
5671 and rising
@Ilango Sir,
Great sir.
Your Yellow page was really good enough.
Regards.
thanks...
can you give me that link..jallaj, cooldent.
11200ca of BN
low 6 high 176
Axis bank took support near trendline support of 1275 which was also 78.6% target of wave 5 ...
Dear Ilango Sir,
booked at 5720 April NF, although it is getting close above today's 5EMA (close) and hourly channel breakout.
anm
no link. using trade tiger
in april series strong addition in 5600pe and 5700ce
ok.
can u once again tell me as it is 3.27pm....if it closed above/below wlema?
Illango Sir,
Today defintely I did not follow, and lost money shorting. one more lesson learned
:[ :{
need to be more disciplined,
good to have 4 day holiday
Enjoy the long holidays friends
this brings us to end of trading for financial year 2012-13
Closed above 5DLEMA only
S4S,
ye forgot that,
Wish you all a successful financial year 2013-14.
:)
very true >>>>> very well explain. Thanks a lot once again
trading is extremely simple business but i made is complicated myself.
someone told me lossing money in markets is very easy but trust me making money is even simpler but if you be in discipline and follow ur system
@WAQAR
and above 5DEMA too...
new signals.....closed above 5dema, 5dlema with close above 5HHEMA.
yes actually i meant closed only above 5DLEMA and not above 5 WLEMA.
ok... so close is EOM , EOW < 5EMA , also < 5WkLo
Also, 2nd consecutive Mnth that close is < mnEMA, the probability is now Higher that the MT trend has turned DOWN
and going ahead sell on rallies to Wk / Mnth Res will be hi-prob
Have a gr8 week , cheers :-)
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