Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
34 comments:
Master,
you are reffering 50/61 % trade setup since last few days in your pre market view....based on that this trade is not a valid one????
a small bullish WW may develop in nifty charts
may form pt5 near/below 7390 till tuesday next week
trgts 7750-7800 in next 8 sessions
this pattern will benegated if ns moves up abv 7550 be4 testing 7390
@ shree,
It seems you want to prove me wrong with my methods.
And don't call me "master" as it sounds from your interactions, you're already a master of trades.
Don't waste my time anymore with your queries.
Damn.. just waiting eagerly for 1 LL , will be the ideal Slingshot entry .
Playin a reversal is much more fun & better R:R that playin a Brkout trade :-)
what happened master?
If you reffering it strongly then you must be confidant than me...cause I am in trade so would be biased..thats why asked....you are scared for gettiing proved wrong after answering in complete black and white ???? don't worry...your opinion is important for traders like me in such a situation where market seems SELL ON RISE in weekly too....it will help all of us....
@Ilango Sir,
Today NS just did 80% twice and reversed. It proved that 80% acts as a good resistance but perhaps it is better to keep SL a few points above 80% mark.
Master,
7442-7593 NS, is this wave a 3 or a 5 ??
A lot many labels / Patterns, r hinged on this rise.. Pls guide
Mr.shree ,
Just focus on JNSAR to make some money either you will lose your pants too in this market. This retracement theory looks gud when applied on 1 time frame but here he starts from weekly then come to 1 minute gradually which is totally useless. I am sure if you will trade on JNSAR basis then you will earn something for you n donate too.
master ur 50% fiboncci rocks dnt worry abt criticizers
Why some people do not understand that Market is all about probability ,Pre_market view is just a guidelines, you cannot blame anyone for your losses, this is a financial jungle where each one trying to outsmart others, (Bull ,Bear and Pig) , while bull and bear make money , Pigs are the looser
Master,
you are answering and keeping on blog only those queries ..which suits you...which you think will damage you you are removing....you are biased person??????
7497 can provide support? ?
@ Ashish Agarwal ,
I'm quite naive; answering to each and every query.
And the bystanders who standby read all & sundry and get confused. They choose to get confused. Comments answered for a specific person is meant for him/ her.
EW labels within such a narrow channel since the high of 7593 is to be left alone.
You are experienced enough to know the validity or invalidation points of your label.
We'll interact better once these garbage disappear and range expand.
@ Shree: How does it matter to u ? Focus on ur trades.
Ur wasting time trying to win Brownie points, Display ur skills elsewhere pls. Start a blog
dear sir now 2nd is unfolding... count is delete...?
I do not think these garbage will disappear; I just have to sweep them aside, no matter how many times I have to do it.
Dear sir a Harami in making,your view pls,thank you.
@ shriram and all,
Please do not interact with "waste"; I've been sweeping them aside.
We have displayed today with a meticulous follow up on "Retracement strategy" generating maximum gains.
Sir,it s not perfect to take it as a harami,i withdraw my view.
Namaste Sir,
shree said...
Master,
I am long as per 50/61% entry rule with 80% SL....long @ 7518 yesterday..and 80% 7472 not breached......can I hold or exit before getting SL @ 80% ....(7472)
guide me please......
June 27, 2014 at 1:30 PM
Mr. Shree you have declared that you have taken a trade based on a specific strategy. It is upto you to decide if you will continue the trade or square it off before SL triggers or target gets hit.
Sir is giving levels of strengths and weakness both for intraday and positional. Learn to distinguish them. If you are not clear why you took the trade - and not ready to take responsibility for the action you have taken - WHY SHOULD SIR take responsibility for your action ?? Just becoz he is teaching???
Sir please excuse me if I have crossed my limits.
@ DR.SGM ,
You're correct; it is developing as a harami pattern. Follow up will be needed.
thank u sir.
@ DR.SGM ,
The second small body of the candle should be white; but today's candle, so far, is black. And it is still developing.
Investopedia explains 'Harami Cross'
A Harami cross can be either bullish or bearish, depending on the previous trend. The appearance of a Harami Cross, rather than a smaller body, increases the likelihood that the trend will reverse.
sir what is the next suppt for icici bank
To have a "harami Cross", prices should close around "7514".
@ ravi,
My job is done by stating the trend; you need to work further as I have limited time & resources.
So this is bullish harami?
ok sir .thanks
For harami pattern, candle colour matters?
Definition of 'Bullish Harami'
A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.
Shorts covered
93 intact
Candles r imp. no doubt, but pl also pay attention to the Intra Market profile (where the Vols came in) when the candle was formed
Have a gr8 day all !
hello sir
plz send me excel file
wishal276@gmail.com
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