Good afternoon Beloved Master : M<any Many Happy returns of the Day
Ilango Sir,Belated Birthday Wishes and may God bless you best of everything for years to come on this special Day. http://www.youtube.com/watch?v=i-jlk4dEFLY
Happy Birth day Greetings Master. We pray for your good health always.
GA Ilango Sir,Belated Happy Birthday.Regard
Belated birthday wishes to you sir
Master .. Wish you Happy Birthday to you ... we should celebrate Teacher's Day on your birthday ... you have been a wholesome guide, mentor and friend .. giving lessons on Lakshmi , Saraswati and Brahma all in one place @justnifty .. and keeps us balanced . Otherwise in the pursuit of Lakshmi , people often forget that life is a temporary phase ... what was some one's else money yesterday is ours today .. and ours money today will become someone's else tomorrow . As Ramakrishna Paramhansa had said "Taka Matti - Matti Taka ... Money is dust . Dust is Money
Hello Ilango Sir,I am trying to learn EW and now a days with your help, I am able to understand the wave. i.e abc is going now. I need your guidance how to make this into successful trade. should I wait till 6171 to break to initiate a trade to 3rd wave? please throw some lights on this when you have free time.
Diamond formn. in nf 15m---above 240---tgt 300
Many more happy returns of the day master/
@Master: Belated birthday wishes. Wishing you the very best of success, health & happiness.
happy birthday sir.
@ Karthikeyan,You have to choose what kind of T/F to trade.For intraday, a combination of 2 min to 30 min or 60 min.For positional, a combination of Hour & Day.Know the larger T/F wave scenario; choose the most preferred one. Then, move down to lower T/F for its sub-waves and plan your entry and thus make your trades.When you combine Technical Analysis to your EW study, you could, at times, book out fully and take a "counter trend trade" before a trend reversal unlike the normal way of "Part booking & reversing the trade on confirmation".We learn a lot of EW forms and structures from the 2 min-chart. One life time is not enough to see such patterns in larger T/F and having this "2-min experience" would help us to spot such patterns in larger T/F.
Thank you ilango sir.
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6238, S1-6215, R1-6275, VWAP-6226Nifty Future in a very narrow range within the Value areas, but the 6200PE writers have added huge, seems like downside for the day right now is limited….Thanks & Regards
@Sujatha ma'm: Can you pls mention the source of the chart you posted? Did you plot it or you follow any blog..?I agree with your points, hence I asked.
@Master: Can we say mild strength above 6208 (which is the 34 ema) & break below 6171 to be more downfalls?
T/F means ? what is full form ?
Master,is it a right trading planholding 6170 will make it choppy and will stay in the range of 6175-6225. so book out shorts completely and go long, where in we need to reverse again in the range of 6225-6232... with sl 6247(21Hrsma-WK PVT) keeping see on rises on mind...
T/f = Time Frame
Dear Ilango sir,Will break of 6181 an indication of break-down of bear flag?
@ Prabhat,Prices stuck within a small range; I would say, strength above 6240 only. The median within this range is 6200. Hence, mild strength above 6200.
@ Squander Star,It is a small range of sideways price action after a sharp fall from 6358 to 6171.You could resell @ 6225-40, if booked out fully "earlier" with a small SL.It would be interesting to see how "technicals" change with the passage of time and price not making much change.
@Master,Please share ur view On Infy ,last time (Before Result) you said that it is in 5th iii,please
@Masterbooked out fully to reinsiate trades at 6225/6168 ...thanks a lot master
Sir, is it correct to say that holding the start of "a" we are still in "b" and below 6170 confirmation of 3.Please correct & guide
Prabhat - I plot it..source is - http://nseguide.com/plot watever technicals u want...chartnexus not working..
@ Prithvi Raulji ,Trend remains UP in month, week & Day.By EOD, there could be change in Day Trend; Day has also shown a "triple top @ 3575" in the last few days.A broadening top is in progress and prices have come off the highs today from such a top. Break down below 3440-50 only.For Bears, a 5 waves may have been done from "2186 to 3575(3580). (Aggressive kind)
For Intraday:6186 6190 ... is 50%-61.8% retrace of the last fall from …… 6201 to 6171 80% is - 6195 If weakness is to return, it should be around 6186 6190 Strength gets confirmed above 6190 OR 6195
Belated Happy Birthday Greetings Sir.. Have a gr8 successful long healthy,wealthy life ahead....~Rakesh
@Master,Thanks a lot for ur view
@llango Sir,Just gone through your EW notes mentioned in a blog.Which book do you recommend for further study?I found following few books on EWElliott wave principle by Pretcherelliott wave explained By BeckmanMastering elliott wave by neely.Or any other book which you recommend for deeper study from basics . Want to buy one so please suggest.
Ilango ji,Many Many Happy returns of the day.May God give you in manifolds for what you are sharing..
@shriram, do you see a wolfe wave devolping in intra 2 minutes targeting 6200 or thereabouts>?
@ Chetna:Not yet.. one more Swing Lo reqd. to 6160-55 to finish a +WW form
New Post Done.