--> backto simple yes, a ABC donea/i 5761 5823 62 b/ii 5823 5788 -35 -56.5%c/iii 5788 5844 56 90.3%If this fall from 5844 is a "b" of FLAT, then should restrict to 104% x (5761-5844) i.e = 5758Any lower & new probabilites open upOI range : 57-59 is the Vibrating zone
Master here also a=c can give us 5844-145 = 5699 is my understanding right? PLs guide thanking you..
@ Cooldent sir,Since the price opened above H4 today, request you to share details "how" trading should have been done using Camarilla method. Would be glad if you can give Price , entry and exit details.Raghavendra
@ Atharva,A simple approach, as long as prices stay or close below DHEma.As Shriram has put it, we need to get a confirmation of "b" wave being completed.
Julius - every ":transaction" has a life of its "own" :) bach gaya with 5834 weekly opening level itself . thanks to DR-ji who "taught" that one. my brahmasthiram turned on me as i hv not used properly. oops..bye
respected sir, for the shorts taken around DHEMA , should we look to close them for EOD closing above d5ema or dhema?
Master,have a small doubt here... BN WK / Day TA is firm DOWNNS is mixed > DEMA, flirting around Dev.Wk, how is this mixed data , to be seen holistically pls, for NS ...Sell or rallies or buy on dips ?
Master : Thanking you ..
30 points "re-milking" the cow done.
@ sarvesh,This is not a "Buy & Hold or Sell & Hold" kind of market.Trade and extract some points during this "double Corrective phase of "b" wave"
@ shriram,During a corrective phase, the signals of TT change fast.
who traded 3 times in day wow wow.
thank you, sir! i have made profits and have closed the trade..thanks for the guidanceanother question is how to manage those trades taken EOD based on the emas'? for the specific untoward opening of next day in opposite direction
true master,but if u obsv. we started getting the hint only after price move.how to pre-infer that market is in hi-prob "Oscill" Mode ?What are ur checklist pts for this MODE CHANGE sir ? :-)
both things done......fall and bear trap
@ master and shriram, thats exactly my query also
my idea of booking out shorts was first target of dlema +- 10 point that came around 5885 and second was 61.8% of entire down move which came around 5819-20..,, but this move was explosive..can we premept such moves?
@ shriram,Each situation is different.The OB readings & -ve div of Hour T/F alerted us to "Part book" around 5895.An aggressive trader would have gone short too.Once you know that a correction is on for the corrective rise of 5566 to 5904 which in itself is a corrective of the fall of "6229 to 5566", you prepare yourself for a "choppy market".Only EW would alert one of such phases in the market during which "different strategy" should be adopted.Market is continually changing. The "open minded person"(read it as objective too) would have a better result.
The labeling that will be updated in 3.00PM post is a "complicated b wave" and it gets repeated few times.
as per nifty it has crossed daily ema what should b the next target
Master - how to spot end of "B"? Some general signs for learning purposes please...
Tks Master,does "time of a wave" also come into ur sub-concious when u make a decision on MODE ./ and or place a lable ?May times, in the past, notice u mention "rythmic following". Any special obsv on no. of days / sessions rise fall of our Nifty / BN .. Many ppl who r into harmonics say that "specific nos" govern the cycle time of Major waves in an index . that each Index has its own Harmonic no. of bars to rise/fall before reversalHow do u incorp. time sir ? Is it obsv based or do u hv a sort of repetitve TIME CYCLE in mind ??
Re-calib the EWIf ABC , then St. MnEMA is the next RES @ 5859 approx.a/i 5761 5844 83 b/ii 5844 5786 -58 -69.9% c/iii 5786 5869 83 100.0% * in play ?
Shriram,Study of W.D.Gann is very helpful in finding the important dates as well as important numbers for future movements.But that's predictive and Master is against that.
Thank you Illango sir to forewarning us about the treacherous B wave... Would not hv been able to equip myself so well for the trades today without ur support... Thank you for providing me with a first hand experience.. Now, I understand why this wave is called treacherous... Thank you once again...
3.00PM TT & Chart Updated.
SjKol ji:GANN sq. of 9s is one empirical method, which i hv explored , but not satisfied as co-relation is not satisfactoy.Am talking more on Time Cycles / Rythm,that Ilango ji captures in his lables..Gives feeling there Must be some set of nos. governing wave cycles - Index specific i.e
Afternoon Everybody,Considering 5800 PE writing,Bulls would like to close Nifty above 5845..Let us see..
@ shriram,"Time", at best could just be a guideline. You know, how these guidelines are to be used - they aren't totally dependent but help a bit.Only while blogging and to emphasise certain points, I may have drifted into calculating time by days or hours.I believe, "Form" takes into account "everything". It'll come to you as you expose yourself to markets of various time frames with an open mind. That will transform you closer to the "Rhythms in the market".
Milked original A2 milk from KamadhenuThank you Sir.Jai ho...
mmm.. indeed so.thank u Master, for sharing ur shaolin :-)
llango sir as of now nifty is above dhema how to go for next day position weather to hold call if it remains so or to consider something else to b on safer side
Follow your chosen study and its reasons for holding or not holding a position.JNSAR-Long.TA-Part hold; part trade.EW; Trade.
thanks for ur guidence llango sir
@julius sir, how to handle camrilla levels when there is gap up or gap down opening????
5800 PE @59 lakhs OI, where as 5900 PE just @19 lakhs, 6100 PE onwards OI is reducing.
Dear All,JNsar pe kar aitbaar, Daulat Beshumaar.Sitting patiently with longs in-spite of the volatility.
I am finding an Inverse Head & Shoulder pattern on Nifty hourly charts with neckline around 5930 levels.... Break above 5930 H&S target around 6200... What is your view Master ?
Ilango said...If you want me to share my observations here, thenplease...stop interacting with "intruders".It is your encouragements that make them come here and attempt to disrupt the smooth exchanges.I have repeatedly requested "Not to interact with these people".It is upto you and you only.
aarambichutangaiya. kosu tholla thaanga mudiyaleye.
@ Mynac Bhauthere was deliberate attempt to keep Nifty above DHema as I would feel...master has already labelled B ending around 5700..in the 3 pm TT.US markets are closed today....TC
Dear Manish,Whether it is deliberate or not...the close is always close...cause to push Nifty up it requires Money and it has given it's reflection..When DHEMA starts to rise fast and Nifty want to trade above it...then Bulls are left with NO OPTION than buying.. Bye..
quote for the dayCorrecting oneself is correcting the whole world. The sun is simply bright. It does not correct anyone. Because it shines, the whole world is full of light. Transforming yourself is a means of giving light to the whole world.-- Ramana Maharshi (1879-1950)
We all are aware how anxious we were till we got our re entry.Let us maintain DISCIPLINE.Till date Only observation from Mr. ILANGO to this problem is : Do not interact with INTRUDERS. nothing moreChoose the path to your own destiny or PERIL.Ravi