Thursday, July 11, 2013

Nifty Intraday Update-II

"Deal with sub-waves only if you're experienced and it changes swiftly too. Go for the obvious looking one and don't hesitate to change your view if the prices warranted".

38 comments:

shriram said...

@ Sandy

compute {CMP-DhiEMA} for Uptrend & {DloEMa-CMP} for Downtrends on DAY CANDLES

Work out the FreQ Mean .. find Variance , & work out the SD

Assumption : we r tweaking the stats by assuming that the Distribution of Day's Hi or lo wrt CMP once > Dhi or < DlO is a BELL CURVE, with SYMM. distributed population about its MEAN

THIS IS AN APPROXIMATION.. REAL price-action has "Skewed MEAN Distribution tendencies"

this ie enuf, will share more @ a later pt

prakashbkc said...

Shriram sir,

Is there possibility 5 wave in such rise of BNis applicable?

mynac said...

waiting for tug of war @ major resist.@5965-70...if it comes today or tomorrow...

Sandy said...

Shriram what period for calculation of STDEV

Ding A Dong said...

hi JRJ

yesterday you missed a pattern and it thinks its there today at 2 min chart.

i think its a good entry point in BOF is not happening and please share your views.

regards

RainMaker said...

One question, if time permits

In triangles as in this case from where should we measure start of next wave (here wave C) for measurement purposes, suppose if A=C, from the point 'e' or the lowest point made by the trinagle here point 'a' approx 5760

Pattern Trading said...

Triangle mostly appears before last leg of rise or fall and target is equal to width of it .. if it extends above that that means we are having extended last leg ...the most obvious place for triangle is wave B , x and wave 4 ...keep trialing and enjoy last leg of rise ... :)

shriram said...

@ prakashbkc:

Am assuming the move up from 11,176 is a 5fifer

C=A gives 11,896 spot as optimal tgt


When driving ferrari, no pt stepping into cock-pit if u dont hv the skills of Schumacher

Simialrly, Indiv. sub-frac labling on Hr & min & lower T/f is risky for me,

Leave it to master :-)

Prabakar said...

Namaste Ilango Sir & JN Family

Good Afternoon Mynac... :)

Ding A Dong said...

Hello Friends,
My Nifty Intraday Trade Plan @ Jul 11, 2013

VWAP @ 12:30 - 5936

Buy @ or Above – 5949
Buying Stop Loss – 5929
Buy Target 1 – 5965
Buy Target 2 – 5984
Buy Target 3 – 6003
Buy Target 4 – 6023
Buy Target 5 – 6042

NO TRADE ZONE – 5929 to 5948

Sell @ or Bellow – 5928
Selling Stop Loss – 5948
Sell Target 1 – 5913
Sell Target 2 – 5894
Sell Target 3 – 5874
Sell Target 4 – 5855
Sell Target 5 – 5836

Buying 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.
Nifty Spot Values & No Fresh Trade after 3 PM

Wish you all a good trading!!

Kiran said...

SBIN
Although very small and in small t/f.
SBIN 5 min t/f chart is showing a rounding top pattern... It is not complete yet. will complete below 1900 cash.

shriram said...

@ Sandy:

lets recollect maths 101

Std Dev & Mean to be statistically significant have to be calc. for SAMPLE DATA pertaining to the Population (or Universal Set)

In our case, its DAY OHLC

For last 5 yrs, pls filter out the following:-

1. Days Hi, when price traded > DhIEMA
2. Days lo, when price traded < DloEMA

Work out the Difference... this is YOUR SAMPLE SET (of a larger universal set)

Now calc. Mean & variance.. Sq.rt of variance is StdDev

Time for sapaad, cu @ 2pm !


Sanjay Jaiswal said...

Dear Ilango Sir & Blogmates,

OI Table Update at 1:00PM, Pivot-5839, R1-5870, R2-5918, R3: 5997, ATP-5937, VWAP-5937

The 5900PE writers on a song, have added huge, so a move below 5900 for the day looks impossible right now…

Thanks & Regards

Sandy said...

Shriram Excel has both STDEV and SKEW function in excel. So we can save time

prakashbkc said...

Thanx shriram sir I do agree with u to leave sub wave to Master's court.
We have to follow Master's teaching

Sujatha said...

Julius - market "yarkar" - aa podudhu..ha ha who will bat here?? fielders are waiting on sidelines me too the one..- one ulta done nd closed based on NF H4 weekly

J.R.Julius said...

@Sujatha,
Me too done an aggressive entry 16pts and exit.
Happy. See behind u me too waiting.

@Ding a Dong,
Yes. Thx.

Ding A Dong said...

pushing selling stop to 5935 as trade not performed since 20min.

looking for fresh entry if this triggered.

SJ_2013 said...

Any good site for Crude Oil

cooldent said...

SJ

You mean to start a rig? (kidding)

Crorepathi said...

Cooldent lolz...
Abudhabiiaa?, Begarinaa?..Dubaiaa?
:)

Ding A Dong said...

stopped out with small loss.

Amol Sharma said...

Shree ram jay ram jay jay ram.

Guru - Trading Nirvana said...

@Crorepathi -- Yennoda berathar Mark ah!! lolzz

Sujatha said...

for all the indices -

http://www.sgxniftydowfutureslive.com/Commodity/Crudeoil_live_chart.htm

Disclosure - trading is your "own risk" me or not the site :D:)

Amol Sharma said...

look at vix index not alllowing nifty to fly.

SJ_2013 said...

Thank you Sujatha ....BTB Cooldent any suggestion for starting a rig?

suresh said...

JRJ ji, GA.
please give the direct link for pdf file
"price patterns by Pring"
cannot be dn loaded from the site.
thanks

Prabhanshu said...

Time      FMACD   SMACD
10AM    8.68      9.29
11AM    17.85     15.11
12PM     22.38    19.82
1PM       21.52   22.24
2PM       20.96   24.52

Sir, for study purpose, if FMACD starts going down on Hour time frame but SMACD is still going up, what we should infer from this?

suresh said...

waiting for nf < 5934/25 ???

Guru - Trading Nirvana said...

@crorepathi---amazing stuff...

Often the hands will solve a mystery that the intellect has struggled with in vain. - Carl G. Jung

J.R.Julius said...
This comment has been removed by the author.
Rajaram'z said...

Hello all,

I got a message from the broker, No new trades are allowed in Infy FNO, only existing trades can be squared off.

Does it mean that I cannot sell or buy new in INFY, but I can square off the existing one's (If I have one). Can some of the seniors explain on why was this done.

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