@ kushal maniar,Fast stochastics: 5,3,3Slow stochastics: 14,3,3in Day/ week/ Month T/F.For Hour, it is 21,3,335,3,3
@ All Seniorsany one see Head and Shoulders in hourly chart?if yes, then what is invalidation point. plz guidewith thanks
Ilango Sir - What could be the likely targets at present..?
@durga sorry....&thanks for trying to take time to help new learners like mei guess it was misunderstanding...on my part@sarvesh...thanks for wise words..
respected llango sir OB ,OS conditions of oscilators can remain for long period of time how to rely on that sir is it if divergence is supported by it than only we should act accordingly or any other indicator which can help in such situationneed ur guidence for sudden fast rise and fast fall how to hv an early hint for it thanks sir
Dear All,Continuing observations on pivot studies.Nifty high is at Day R3 and Week pivot + 15-20 point range.Raghavendra
@masterwhich will label that abc done from 6142?a move past 5933 or 5918?thanks.
@ ilango sir,in 5 minutes t/f shows running correction?with thanks
@ dharmu mishra,The only way to approach is a combination of EW and TA.
as per retrace we can get 5922,5974 jai ho jnsar
respected llango sirthanks for giving the formula for solving the problem but sir i find it very difficult for labeling EWin which time frame we should practice it sir
@ dharmu mishra,How many "Days" you are learning EW?I have learnt it for 12 years; and still learning.....
@ dharmu mishra,EW Learning takes time.Do not rush it; you'll spoil it.Keep observing for a while; till it shows itself to you.This is the best way to start.Again, do not force it.
@ dharmu mishra,You can learn it from any T/F.2 min to month or year.For trading, use day T/F initially and only when well experienced, you could use lower T/F.
5 wave done at 5911 from 5700 in 5min chart? any EW expert guide?
respected llango sir i was relating EW theory to human life we reach our peak of young life with the completion of impusive phase and then corrective phase starts which gvs correction to the body healthwise from childhood till the top of impulsive phasenew teeth ,new hairs,brightness of skin,learn to walkin corrective phaseteeth gone, hairs shed,dullness of skin,jt painif we see satyug dwapar treta kalyugin satyug life span of rishis too high ,just before 2 generations 100 was possiblenow drastic reduction of age limit this confirms our corrective phase of yug. EW theory is superb
WHEMA hit..interesting battle here it will be
its time to part-book and TSL remaining
@ master,to see a OB/OS , 5day leadindicator as per eod Daily OB/OS,and 9 day RSI for weekly OB/OS???
@dharmu...yaar...muze chakkar aa rahe he...kam se kam physiology ka khun to na karo!!!!
@ Prithvi Raulji,Yes. They help. Adding EW reduces errors. Even then, errors could creep in but they'll be minimal.
@masterre-posting@masterwhich will label that abc done from 6142?a move past 5933 or 5918?thanks.October 3, 2013 at 2:28 PM
respected llango sir i came to know about this EW just 3mntswith ur continues guidence i m learning a lot sirsometimes i feel its new birth of my way of approac towards everything with the application of EW and ur pure divine thoughtsthanks sir sorry for disturbing in market hours sir
@master,Thanks for reply
dear anmpatel just because of ur words i remembered one thing sharing with uin sanskrit it is saidshiryate ite shariramjista shaye hota hai wha sharir haicatabolism
@ Ilango Sir,is it possible to provide 3 pm TT update??ThanksRS
Sir,In last SHORT trade, i have seen you mentioned partial profit was booked at 5700... is it only because of EW target?Actually i was waiting for 5688 range.. (Gap) to trial my SL to 5700... but nifty surprised with 50 points move and i end up in partial profit booked at 5750 level... Can we add any column in TT for possible EW targets, if possible? Just a random idea.. consider if it is worth to implement.
@dharmudil pe mat lo yaar...par as a biology postgraduate, aap EW jaise bhari shastrase sharir ki vaat laga rahe the...to mujhase raha nai gaya....absolutely true....jiska naam hai uska naash nishchit hai.....
@ Ilango Sir,Thanks a bunch !!!RS
@ rose mary,EW is a flowing one. It can never be captured in "Mechanical format".
dear anmpatel dil pe nahi leta yaar i just shared my thoughts
@ anmpatel,It is quite simple:There is a red "i,ii,iii,iv,1st wave(OR A wave). If it is "A" of zigzag, retrace shouldn't be more than 80%-6055. And if it is 1st wave, then the "2nd" could retrace even just 38% or 50% or even 98% but not 100%.There is a green "abA" wave. A flat can retrace any amount, even more than 100%..
@dharmucan u understand gujrati?
@masterthanks...it is lot to learn EW for me...till that JNSAR is best....thanks again...
Dear Sir and Blog Mates:Thanks Ilango Sir.Quite interesting and very fascinating to see the application of rules and theories in trading. I am a novice and such a fool having lost around 3 lakhs in 2008 crash and never recovered. Just came across this site, very wonderful. I want to learn TA from basics and build a strong foundation. I am trying to self-learn something from this site, but unfortunately my clay mind is not assisting me. I am from Chennai. I kindly request the blog mates to suggest some good personal tutor here to start from scratch. Very sorry to disturb and thanks for your precious time.
so super-bullish only above 6142...?
Pt,See, the 1st for you should be.. developing faith that you can earn in markets... u need to stick to one method and trade.. practice it for some time, say 1 year.. once you started seeing profits on month basis... U can explore other ways( TA/EW) to maximize your profits.Start with JNSAR trading.. check label section on right hand side.. u will find articles on same.All the best!
hammer followed well by another hammer..nice follow up
Dear friends, can anybody suggest what is the 9DRSI(my excel is showing as 31.5 down 10 points)Thanks
@ llango SirAs You mentioned yesturday itself the short term reversal & in morning also mentioned strength above Month open 5756 & week open 5801Then why to hold JNSAR position with loosing points when you noticed it so early ?? why not cover it at todays above 5801 ,, your word will help kindly share your point on my query
today capture DHEMA...tom may be WHEMA.....bolo ta..ra..ra..rathanks you master for all your support and guidance
@ anmpatel ji,,gujrati sings a punjabi song..a true indian blog..hahahaha
@ Sagar,Understand there are various studies followed here.Some follow only one study; and some more than one.I simply share my observations based on each one of such studies.Only when an individual is confident, could he/ she can take a trade borne out of that confidence.The effort here is to make a trader independent.It would be quite tempting to state: Buy here; book out here; sell here and so on.An independent trader who "learns here" would use my experiences and observations to understand "How to apply these studies successfully".
@Sarvesh. . Today is no hammer pattern