s4s can u give ur count now
Nifty approaching ND Sir's ATR Breakout above 5846
Dear Illango,I am trying to learn EW and have a query. I am repeating my question hereAccording to my understanding, this upmove from 5566 may classify as '4' of downmove from 6229 as the markets fell back into descending channel from 6229 & 6133 after two ticks on daily chart. It can also be wave 'a' of 2/b for the larger downmove which you have mentioned in the chartsI am trying to understand what is the specific reason due to which you have given more weightage to the view of this upmove being 'a' of larger retrace to downmove from 6233
Good afternoon sir
5849 is 61.8% retrace of last fall 5904-5760.
anubhuti - i don't want "prices" but send each 1 kg. of "all agri commodities" which r costly :) :D will be thankful to u A 'Loving' Husband's Plan for 50th Wedding AnniversaryAt a Hindu Temple in London, during a marriage seminar for husbands, the priest asked Manubhai, who was approaching his 50th wedding anniversary, to share some insight into how he had managed to stay married to the same woman all these years. Manubhai told the assembled husbands, "Well, I've tried to treat her nice, spend money on her, and, best of all, I took her to Mumbai for our 25th anniversary!"The priest responded, "Manubhai, you are an amazing inspiration to all the husbands here! Please tell us what you are planning for your wife for your 50th anniversary?"Manubhai proudly replied, " I am going back to Mumbai to pick her up."
Julius - varudhu, varudhu, vilagu vilagu - vengaiiiiii veliyeee varudhuuuu
@ Ganesh IMR,For me, the "form" is more important and I follow as much as possible.
very nice joke mam
Sir,how to avoid these B waves? what are the initial indication ?
@Sujatha,hmm... today till now I am vetti...kalakkunga boss...
@ Aly,It did not fit as a 4th wave simply because of technical reasons.My EW following merges Technical analysis too.Besides, a 4th wave generally breaks the channelled move briefly and gets back into the channel. And here, it leaves you with two kinds of channel:1. Connect the bottoms 5937 & 5566 and draw a parallel from 6134 - In this the break-out is decisive and we followed this.2. Connect the tops of 6229 & 6134 and draw a resisting line and Nifty broke it briefly and back inside the channel - You're following this channel.Most of EW formations should adhere to certain forms and characteristics of each wave and these patterns evolve over time and one should be flexible enough to adjust to such changes.Merging EW + TA has helped in this regard a lot.
@ Satish,You don't avoid them but deal with them with a different strategy. And if the strategy to be adopted is not to your style & temperament, wait for better signals.
Dear Illango,Thank you for clarifying my doubt. This will help me in improving my learnings fo concepts of EW.Your approach of merging EW&Technicals is indeed impressive and an innovative idea
Respected Ilango Sir- I trade Daily with pivot point with help of 5-13-21-34-55 Dema (Buying and selling + with help Market trend) and Try to Get 3 Point in Nifty Option with multiple lots and this process given excellent result , keeps 6 Point SL @ my buy Leave.Please let me know any modification needed for the process
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-5780, R1-5805, R2-5841, ATP-5818, VWAP-5818What a comeback by the BULLS, huge addition at 5800-5400 levels, the CE writers are holding fort at 5900 level, Trading near the Top end of the range…Thanks & Regards
Dear sir,what are better signal?nifty trading above 5dema,above weekly open can be a better signal?
julius - vetti-ya "vetti_ttu "velaikku vandhuten" longingggggggg with sl of 5822 spot
and as per the channel connecting 5537 and 5937, it looks very difficult for it to now enter into the channel again, so as to be counted as 4th..respected sir, how do we ascertain that c wave down starts? how do we recognize firmly the start of c wave?
master pl udate charts
time and again taking support at DHEMA also...and hourly closings coming good too...it is certainly deceptive
Thank you Master.I have been a silent follower of this blog for last 6-7 months and gained confidence in trading NF profitably (with failure rate < 40%, as of now) through your teachings and blog archives.I also take this oppotunity to thank other senior blogmates, who are contributing in a positive manner, and guiding new blogmates.
Just like a thief visits the site of crime once more.......price also visits back the point of inflection---deciding point....which is around 810 sl 841
mynac said... (1030 AM)5 lac addition in 5800 PE is not neglect-able addition.It indicates Bulls intention for the day..so would like to see battle around 5835,if Nifty shall try it...Let us see..
@Sujatha,வாழ்த்துக்கள்.நான் இன்னும் இலவுகாத்த கிளிதாங்க.எப்படியும் ப்ளோவ பிடிச்சிருவேன்.என்ன வாய்ப்பு இருந்தாலும் நம்ம ரூல்ஸ நாமளே உடைக்க முடியல.இன்பி என்ன சொல்லுது?
Sir Now we are at crucial juncture.61.8 of fall from 5904.Stoch refusing to turn up Gap fill completes at 5852Furious c or 3 over With a terminal or running ? Corrective.Risk reward small either ways .
weekly engulfing candle possible weekly close above 5842 but below 5924-37
Julius Sir,Google Translate giving this for what you wrote:-Greetings.I kilitanka ilavukatta.Piticciruven plova anyway.Despite what our rulsaNamale not break.Tell inpi what?Still couldnt understand. :)
julius - patchi solludhu - my no. will lift upside - appdinnu..parkalam.. if it beats..??? :( nifty solludhu.. naan romba nallaval yevallo adichalam thangarennu.
@Ilango,what is the minimum time period require for this a treacherous "B" to be over.If I am not wrong in this current scenario it has to be more than 3 days (as A took about 3 days?)
@SJkolkata,Translation :Best Wishes.I am still waiting. Will catch the flow.Even if i could see opportunities dont wish to break my own rules. what about INFY?
Thanks Julius Sir,Ha Haeven Google failed.
Sujatha,dont worry will go, seems like just pause bars.will react to ur bhramasthira. bye for now.
@ ilango sirQuantative Approach :Correction in Rise (35 points and 18 points)below 18 points we are in B.c ? (Aggresive )below 35 points (confirm) ?your view ?with thanks
Dear All,Nifty at a crucial juncture : Developing 5 Week EMA @ 5834 & Developing Day High EMEA @ 5832.Could be the right time for Day & Weekly trend assertion. Raghavendra
Nifty has taken the sl @41 then moving down in the direction anticipated...it's a good bear trap...above 44 nifty may blast...negation of AB=CD pattern
@ Pradeep,Whatever is working for you, stay consistent with it.Get Rich Slowly & Quietly.
@ CDG,It is not easy to read a "corrective wave" which is correction another corrective wave."Sell on rises @ DHema to DHEma+20" is in progress.Hour 9-Rsi @ OB zone, above 80.
04th Of July, US Markets are closed.
4th of july:There will be fire crackers!!
Time to "milk the cow" again?
was this fall news based
Master here also a=c can give us 5844-145 = 5699 is my understanding right? PLs guide thanking you..
Look at Move in RELCAPITAL...
ND sirs ATR jai HoCamerilla Jai Ho
New Post Done.