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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
27 comments:
Good Morning Ilango Sir, Thanks a lot for writing on options.
Good Morning San.
GM Prabakar
As the title(earlier post) has suggested, use discrimination while using this powerful tool to maximise gains.
I repeat...use your discriminating ability to differentiate the "trending and sideways market as well as potential breakout & breakdown points".
Spotting & following up on Positive and Negative divergences of higher time frame with a favourable time window in a particular series too bring in great opportunities.
Best wishes.
Good Morning Sir and All fellow beings:-)))
goodmorning everyone. the pre market circus continues :)
Sirji,
Have a few questions..
1) There is a vast difference in the JNSAR (5883) and J10SAR(5943). Question is which one to trade in case of reversal. On 1St the diff was just 30points...
2)In the Trading Table JNSAR is shown as Up with green & J10SAR is shown as Down in Red.
Please enlighten.
Thanks for your presence & support
good morning,seniors..
@terageet. Both r different systems. Stick to either of them. I personally is following the JNSAR
@cooldent
Okay ji thanks
any suggestions on the 2nd question please.
2)In the Trading Table JNSAR is shown as Up with green & J10SAR is shown as Down in Red.
Thanks in advance ji
@ Geet,
Between the JNSAR & J10.SAR, the J10.SAR is a faster one.
We have not compared their success rate. As emphasized earlier on many occasions, the one thing that will determine the success rate of any system to a greater degree is "the discipline with which we follow that system".
There could be other better systems than JNSAR or J10.SAR. Our search should never be on the outside. For success of any system, the character needs to be unearthed from the "Inside".
good morning sir and friends
Good morning Ilango Sir and all
@ILANGO Sir
Nifty Near the cross over point as you said on December 1.
Thanks for the guidance.
" Ilango said...
Hi..San,
The effort to bring the short term average below a medium average is so much that on the cross over time a counter trend rally is in place due to highly oversold conditions..
A normal counter trend rally takes it to the cross over point.
December 1, 2010 8:57 AM "
Very Grateful for your answer Sir,
My questions are just to clear the small little niggles that this mind of mine creates.
My day is made, as the Guru has taken time to satiate the disciple
Many Prannams
geet
Good Morning sir and warrirors
Would i be right in suggestion that the 30min ORB is 6045.05 ---6034.90.NS
Please correct if wrong.
Gm Illango Sir & all.
Nf gives a breakout of the level of 6030,one can buy a 6100Ce
with a target of 6100 Sl-6015
Good Morning Ilango sir and all
Ilango sir
Nifty spot today almost touched 6290 levels in
opening. Clearly marked in nsetracker chart.
This shows any indication for trend ?
Please guide me for long to create from
here 6050 future
Good Morning Powertrade,
Tatasteel is moving and now 633.95.
@prabakar
Yes you will get to book around 640 levels today
Good Morning Sir and Friends.
bought 6300 call @18 and 5800Put @20.... ratio 1:2.5
This is fresh position carry over from last week of 5800put@32 and RIL 1000@28 put is still holding.
Sir;
Tisco marching towards 700+? I m following it since the nifty breakout day n there seems to be buying at every level. what is the resistance.Alternatively it would take nifty also ^north Today TMF also showing strength.
Point to be noted here 6000 call added OI instead of shedding some.
For Option Lovers
My dec.month strategy has been posted Intrested members can
enter with me.
Target 200 points in 15-20 days.
NEW POST DONE.
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