@ Ilango sir,Please update the Higl, Low and close by 1400 Hrs in TT also.Thanku
Hey JRJ, is it advisable to go for L3 or L4 now when market is about to close in 50mins?
SITT T for 14 00 not updatedRavi
infact Satheesh, seeing again ... looking @ 59PE OI adds, and oscill action on Hr, a new High cannot be ruled out !
SIRT T for 14 00 not updatedRavi
@shriram,i think the wolfe has failed
yes shriram ji - some reverse gear NIFTY FUTURE may hit 6023 if 5988 holds very fast
super dance NF 5988 make or break - 6007 inbeween hurdle..OK..bye happy week end to all.IIP data ko Jai Ho
@ Piyush:too early to say that.. overshoots r v common, and the 1-3-5 is rising everydayWolfe, like EW is an approximation / obsv based.. not maths to be seen with precision na, so lets maintain a flexi view ...
Tatamotors diamond pattern breakout and now above 200 DMA and JNSAR :)
https://sites.google.com/site/tradingstrategiesschool/module-2-chart-pattern-analysis/wolfe-wave-reversalan interesting read about wolfe@ shriram done more than 1.618 of wave 3.there may be dip but nothing suggests we go upto 5700 its more a dream. even ur observation abt osc and 5900 pe addition supports that.
shreeram ji sir i m new to technical tearms trying to understand thinks which u speak pls explain DhIEMA is it daily means todays high ema or something else and sir 5ema in chart table for monthly is it the average of 5months ema or something else
pls add more a dream considering day and hour charts as we trade for 50-100 points and 2-3 days holding
Jai Ho JNSAR !
Here We Are NS 6000.again
hurrrrrryyyyyyyy good day today...finished trading target no 2 hit @ 6003
@ piyush:boss, i hv no idea if 5700NS will come or no ... all i do is state the pattern & ENTRY pt.For now there is no SHORT trigger (as long as out of Sweet zone). WW is pattern (like EW). Nothing in stone as far as i m concerned, like to keep it that way, pls see as suits ur mentality
Caution needed for holding longs
Master, Is the b wave(fall from 6013) complete? and c is on?. Please throw some lights Thanks
@ Jitendra:sorry, meant 5Days High EMA
sreeram sir pls dhlema is it days high ema ad 5ema for month is 5 mnts average ema
how to find average closing price before closing
Iris - 2min chart, you can use 15 SMA..(this is only approx)
@ Iris,On 1 minute chart put 30 period SMA, I think this should give you rough estimate..
@shriram,i was basing the failure on h&s breakout & 1.618 extension of wave 3 achieved. the problem is as i see after this run up there will be a dip which may leave the sweet zone. then may rally up again
@ Piyush;Agreed. Thats y ENTRY rules have to be based on DATA / and,or TL breakInfact ideally, from the way Ilango trades, i feel best entries are CONTRA Near Higher RES / Support (say WkHi or MnEMAs) , esp wen we see OTM Activity DATA / Nos. is GOD , is the feel . Patterns if work out are fantastic, but till they unfurl, they r figments of Imagination / time-pass for our idle minds :-)
@ shriram,:-( i am still not able us short on resi and buy supports. and often confirmation is late. this areaof my trading is very poor after so much time too.
Piyush:to be honest wid u, i go paranoid to the extent of selling 5-10% OTMs, near Higher TA RES on all rallies, just to hv more statistical wins Old-fashioned street-dog need / Desperation to earn works magic, like nothing else , looks a bit crass though to put it plainly :-)Good day, nice weekend all !
sujatha maam,sorry for the late coming, thanks for the advice. kannathula potundaen... my nifty sl got trigered.....trade data made my day?! have a nice weekend master and blogmates...
thanx shriram , will explore it to form rules to do it