Master below 6163 can we expect larger Retrace from 5701 ?????
dear Illango sir , is (3) wave is finished or still in progress ?
Ilango said...If holds below 6215-20(approx), a 5-wave from 6129 completed and a correction of 30 to 40 points likely.October 21, 2013 at 9:38 AMIs this the golden words !!!
sir a correction of 30-40 points from todays high or last close
@ sudharsan,Below 6163 or 6147, a larger correction for 6033 to 6219 should be watched out for. If falls below 6147, it is likely that a larger correction is underway for the rise from 5701.
Read as:it is likely that a larger correction is underway for the rise from 5826.
Thank you Master
Why is it so difficult to simply follow jnsar.I have been seeing jnsar mint money from last 3-4 years but still have not been able to follow it. :(Master can you please tell me what should be the mindset so that i can religiously follow jnsar.
Obsessive Lover...Seems like you are in obsessive love with something ELSE :)
obsessive loverbe a robot
@ Obsessive Lover,Keep away from market talk, news & events.Just follow the prices and JNSAR; To improve it further, only during the sideways phase when prices are closing between DHEma & DLEma, use any input from your own technical study. If such an input & the attempt to improve during sideways mode did not produce any "improved results", go back to following JNSAR number at all times.Markets have a way of shaking your confidence with short term volatility. Learn to accept them as long as such a volatility is above JNSAR number during uptrend and below JNSAR during downtrend.Remember, once you have made a plan, commit to it till the number says "reverse".
Sir. . Is that mandatory in hns pattern that neckline and line joining left and right shoulder should be parallel??
Thanks a lot master..I appreciate your prompt and apt reply...Will definitely give my best shot to follow your words...
@ Obsessive Lover want to add further as i was also victim as you are : dont stuck in front of terminal all the time ,dont see your ledger account or MTM every time , most important do same quantity always ( we dont do this which is most important) & finally keep enough margin per lot for trading ... if you can believe in this & do all steps you will no longer the victim as non jnsar follower
@ Prabhanshu Raman,That is theory. A likelihood.In practice, in real market, it takes many different forms while keeping the basic structure intact.HNS pattern is highly talked about and its efficiency has come down a lot over the years.
sir ,can u pls mention ur labelling of 6129-6219.
Inhs in 2 min Nifty Spot chart in making. If doesn't go below 6184 and breach 6198 will be the confirmation. Targets 6221 with sl at 6184
GM Master & JN Family,As long as EOD close > 6130-50 NS, bulls will keep the bears @ bayhave a gr8 day !
Namaste Ilango Sir & all members.
A question on the longer term picture. Can the whole picture since 2008 high be seen as such:"A" leg from 2008-09. "B" leg started from March 2009 which is forming as a triangle, with wave a, b, c over. d wave got over at the recent low of 5150 odd. and the ongoing rally as wave e, to complete the traingle, before the start of Wave C down.Triangle are known to form in Wave B or Wave 4. Till the upper line of the triangle is not crossed with more than a throwover, would you discard this possibility. It would also explain these 3 waved moves in each direction as Triangle are the most difficult patterns to trade or recognize until quite late in the pattern.
@ masterthanks to boost confidence in how to manage jnsar trade in trading market@rj100% agree and I am using your solution thanks bro...@dzirecheck today ND sirs page right now...thanks all have work to do...all the best jnsar tradersa...sit tight...
6219 to 6177 fall is a 3 wave structure, a clue to a "Flat correction".
Dear Ilango Sir & Blogmates,OI Table Update at 11:00AM, Pivot-6174, R1-6260, S1-6124, VWAP-6218The PE writers are on a rampage with huge addition at 6100 level, whereas the CE writers are nowhere to be seen, Buy the Dips till Weekly VWAP at 6174 is held…Thanks & Regards
@ Piyush Sharda ,6129.35-6142.55-i6142.55-6135.2-ii6135.2-6201.4-iii6201.4-6181.25-iv6181.25-6218.80-v(Prices as per google 2 min chart).If 6033 to 6152.35 is 16152.35 to 6129.35 is 26129.35 to 6218.80 is 36218.80 to xxxx is unfolding as 4th.It gets negated if breaks below 6163-47.
sirji,6219 to 6177 fall is a 3 wave structure, - very basic question, trying take some baby stepsis it in hourly or 30 minutes chart or line chartdo clarify sirjithanks in advance
GM all !
dear Illango sir,Pls let me know how to trade using the JNSAR numbers in the chart what u r showing sir
thank u sir for the detailed answer. for the move from 6219-6177 only traders who can anticipate and take with small sl cancapture the move. there was no logical retracement and anybody selling break would win very small /lose
@ NSB,The fall from 6219 to 6177 happened in 24 minutes.Now figure it out, in which T/F , one could spot a 3 wave structure;Your options are :A. Month B. Week C. Day D. Hour E. 30 minutes F. 5 minute or 2 minute.
@ lokesh,How to trade using JNSAR number in the chart ??Chart number is only for the advanced traders.Beginners should follow the number in the TT for the day.Read:JNSARJNSAR- a SAR MethodJNSAR for Options TradingJNSAR with TTJNSAR for good gainsJNSAR Trading in Sideway's Market
@ Illango SirSir Table not updated for 11:00 am
Thanks Illango sir
Sir,6033 to 6152 = 119 1W6152 to 6129 = 23 2W6129 to 6219 = 90 3W6219 to xxxx 4W3rd must be bigger sir?
Above 6200 Today ?srsvstocks
3rd must not be the shortest
@ u.k.Raj,At such a set up, it becomes easy to put a ceiling to the 5W once the 4W is known.3rd need not be the largest, though often it is but it should never be the shortest. If that happens, change your label to accomodate the "Unbreakable Three EW rules"
thank you sir
New Post Done.