Hello Friends,My Nifty Intraday Trade Plan @ Jul 19, 2013VWAP / LTP @ 09:30 - 6041I Buy @ or Above – 6066Buying Stop Loss – 6045Buy Target 1 – 6081Buy Target 2 – 6101Buy Target 3 – 6120Buy Target 4 – 6140Buy Target 5 – 6159NO TRADE ZONE – 6045 to 6065I Sell @ or Bellow – 6044Selling Stop Loss – 6065Sell Target 1 – 6029Sell Target 2 – 6009Sell Target 3 – 5990Sell Target 4 – 5971Sell Target 5 – 5951Buying with up trend and selling with down trend at 2min chart.Entry is based on next 2min candle close above/bellow the entry price. Trading with even lots as 1 half is for Partial Booking & Trailing Stop for rest.Closing the trades based on Targets, SL or EOD, which ever comes first.Options trading based on above table is subjective.System only Hints! Price Act + YOU React = TradeNifty Spot Values & No Fresh Trade after 3 PM.Wish you all a good trading!!
(4)th wave unfolding:a:6067 - 6036b:6036- 6058.45( or a bit morec: pending.
Sir, What is the possible high of B in a cycle. Can it go above the peak of i st wave in A ? If we see in Nifty. B wave crossed the ist wave ( 5937) of A. We have rules for 1-2-3-4-5 waves and their moves. Dont we have any rules for corrective waves except the Zigzag/flat/triangle patterns? Is it possible B retraces entire A and moves above it ?
@ dharmu mishra,It was expected to end "around 6060" and within few seconds of opening, it showed 6067 & stayed below 6060.We can estimate an "action" but the numbers could vary a bit.As we always emphasize, "Direction" is important; once known, rest is easy.
@ Anandha ,"B" waves in a flat moves above "A" wave top as in an "Irregular flat"."B" waves also moves past "A" wave top in "Running corrections"."B" waves move past "A" wave top in certain triangles."B" waves move past "A" wave top in an "Ending diagonal".
Sir, Sorry for many questions.In case if B wave closes above start of A wave. Then, Could C be a sharper one? Is it possible for C to complete the move almost around 2nd or 4th lows ? Should C be such a sharp move in these cases ?
ilango sir from 6067 to 6036 a 3 wave. from low next 5 uunfold
Sir, c can be completed again at more than 10 points? And then 5?
Too many wave counts and labels..getting bounced of my head...really a tough job to understand and plot ew points..
@ Anandha,If you fill your head with so much, you'll not hear the "evolving markets' showing new tricks".You will be like the older generation stuck with their forefather's life style, traditions & so on.
Namaste Ilango Sir & JN Family
@ Renju S,I remember looking at my elder brother's B.Sc.,zoology book & wondered how ever such things get into any one's head when I was in "school".But when I entered "college", it was a child's play.You can't feed a child one full tandoori murg but a grown up devours many.Only way out is "expose....expose...& experience".
@ vksoni,Yes. And it should happen soon.(protecting preferably 6031; if not 6021)
GM Master & JN Family,Dev.Dhi @ 6023, time to apply Bell Curve Maths68% confidence zone for Days top is 6070-6110 NSHave a gr8 day !
Good Morning Ilango Sir and blogmates.Really enjoying ilango Sir's explaining to every student.
respected llango sis thanks for clarification ad guidence thanks u said yestuday when u go in the deep levev of concentration world movement becomes slow for u ad it becomes easy to understand great practical tip sir this shows u can not only teach ad guide people in trading but also in the path of liberation through meditation sir guide sometime thaks ad i m honoured to know a person like u
Sir, can (b) of (4) can go high above high of (3)?
respected llago sir typo error by me its sir not sis pls ignore that ad im sorry for that
ilango sir intra weak below 6048 ?
@ Prabhanshu ,Because the opening high was swift, I did not consider (4) b moving past the high. (But it was a possibility)
@ Ilango sir,Sir trying to learn new moves & tricks of market. Your help makes me to learn quicker and clear doubts in mind. :)
Getting support at 6048-6050, need to break this to complete (4)(c)?
Good morning master Charan sparshGood morning frns
@ Prabhanshu,(4)c can be sideways too. (Need not go to "a" wave lows)Correctives are complex. Have an open mind.
MasterWith Elliot wave trading looks very easy. Earlier I had traded and incurred losses because the trades were based on intuitions and noises. But now able to plan my trade with wave count.Still finding problem in judging the new unfolding waves by self. specially the minute ones and doesn't able to figure out when the wave has ended or possible targets.Pls keep guiding us and enlighten us for above points if time permits.
6055-6060 approx 73% of the big fall from 6200 levels..so retrace to 50%-61% of last rise from between 6030-6020 !?A aggressive very short time-frame short ? Camarilla triggered early morning at 6055 approx !
i mean - 50% and then 61% of yesterday's rise come to 6030-6020 range...
good morning to master and friends@shriramjican we creat some formula with help of maths power...like a Bollinger band around 34hrsma for profitbooking. means can we have any avg price bands that this is the max distance from 34hrsma? hope I explained my Q!!! and pl explain in some easy language! !! I am layman in maths.thanks in advance.
master,c; pending...where should it expected to end?
@ shree,Normally around (4) a bottom - 6036 around ; preferably above 6031-50%.Below, I start to have doubts as this (4) has taken almost 2 hours.
We have said enough on these "2-min EW waves".Follow up & act.
Yesterday someone mentioned BHEL is in 3rd wave and today it is back to square one.
masterany invalidation for this c pending????
Yes Ilango it has completed even time taken by 0-3 waves. If it doesn't move up soon a larger structure was perhaps complete.
@ ANMP:if ONE wants a Bollinger (2 Std. Dev) around 34hrSMAsimply choose 34 on Hr Candles & change SD setting to 2 or 1 as per ur wish (to choose 2-SD or 1-SD) What more coding is needed ??!!But more importantly, using SMA to find days Top , is it a right strat , using a STATIC FINITE MA signal is a doubt in mind ??
Stock down heavily but nifty going up,wow wt a magic
prithvi,again hind lever and tcs game today.
since last few days NIFTY is managed by only 2/3 stocks....ITC/HUL...sometimes INFY/RELIANCE
master covered short taken @ 6060....
Bhaag NIFTY Bhaag
i guess ..done at 6036
master ,C.v.(4) nearing completion here ?? Oscill ringing again on 5mins intra
Another important number, and even as per pre.market,"In sum, new highs possible holding "6021"; Below "6021", it is weakness, possibly even a reversal to be confirmed with prices breaking 5993"D.pivot, 61.8% retrace (5995-6063),and dev.DHEMA-6021
shriram,ur oscillator reading does it refer too hidden divergence/slingshot
Namaskaram Guruji, Good morning blog-mates.Vinay.
@ Piyush:Oscill --> Is a hiFreQ filter aimed @ identifying if a wave is 3wave / corrective / or in DSP terms a HifreQ "Non-directional" Noiseguess u guys call it divergence becoz it typically vibrates from OB to OS , w.o corresp Price fall..so yes that wud be it
New Post Done.