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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
72 comments:
Can anybody will explain me what happen if VIX breaches above 23.5 Points?
@ Tigar,
VIX - otherwise called "Fear Index", if moves past 23.5-23.75 with Nifty breaking below 5698 may lead to a major fall in the market.
Hi Sujatha,
You can get historical data for BSE here:
http://finance.yahoo.com/q/hp?a=&b=&c=&d=0&e=13&f=2011&g=d&s=^BSESN
@ Tiger,
Vix @ higher levels indicate that markets are exhibiting greater volatility. Greater volatility usually signifies bearishness.
@ RG,
If today 2.30factor is +ve, then this low is a good point to go long..
Thanks Sir & Bhavesh. Is suggested not to take any long position
till the VIX is in the comfortable range?
Yes sir, Just waiting for 2.30, will see the trend.
Now 55 ema is crossing below 200 ema more bearishness tomorrow.
Hi Ilango and blog mates
I have just now published a post regarding SAR and how volatility affects SAR
JNSAR trader might be interested in it, below is the link
http://financeandtradingmadeeasy.blogspot.com/2011/01/volatility-range-risk-reward-setup.html
@Ilango
hope you dont mind the link,consider removing it,if it troubles
Cheers
shr - tks a ton :) how r u??
RG- food fr thought - 6000 lvls is 20 nd 50 dma love pair nd demarks this week high lvl or else v hv to meet another love pair 200 dma/ema lvl but still mr. demark 5743 protected still time s there
DEAR ILANGO SIR,
MY VIEW IS NIFTY MAY BREACH LOWER SIDE AS PCR IS CONSISTENTLY
SHIFTING DOWN IN FAVOUR OF BEARS FROM .83 IN MORNING TO
.78 CURRENT
EVEV 5700 CALLS ARE BEING SHORTED
BEARS HAVE GONE CRAXY
sreyo - 5784 is the bout??
a fast fall set up emerging in ns 5 min intraday charts
fast rise set up in the hourly chart
Hi..Anuj,
You're always welcome.
I saw the chart. The shorts could have been given a bit more room as the 14-rsi was at "Overbought level" when the stop triggered. My 2 cents.
I concur with your views on volatility factor in SAR trades. More work..!!
lOOKS LIKE 2.30 FACTOR SHOWING THE RESULT
arpit - i posted only for DEC. OHLC figures. pls. check
@sujata mam,
sorry to reply late...got disconnected...
definately 5784 is a bout but..i'm bullish in short term...and went long today at 5753 future..
@sreyO,
Your SL for long please
oops my bad... i tht yearly :D
ure levels are right.
Arpit
@ sujata mam,
look at the price of 12 sept,13 sept and 14 sept 2010...i think this may give us a clue about nifty...look also the technical indicators prevailed at that time...
@ prabhakar,
my sl is 5740
@sreyO,
5740 Nifty Future?
Dear sreyO, will you please share your view on blog?
fast rise set up doing the trick
sreyo, sujata, what is bout? new here and am not getting answers to my Qs
sreyo - it's good observation, will move from here?? me too in "long" with cautious
i sharingmy trade today... i use ATP AS A SAR..eg.. yestarday nifty future ATP is 5796.. i bought twist 1 at 5840 and 2nd as 5813 and sold at 5860... agin i bought at 5805 with sl of ATP 5796 SL TRIGRRED AND I SOLD DOUBLE AND SQUARE AT 5755... thanxs ..today Atp is 5806 till 2.48 pm so sold near to 5790-5800 sl is ATP...
Dear Tiger,
as discussed with sujatha mam...5784 is a bout and nifty trying hard to cross it but not able to do it...so..lets see whether my sl eats out or not...but i'm in the opinion..5825 may come tomorrow..
@ prabhakar,
5740 spot.
sorry to reply late..my net connection is very slow..
thank you arpit - tested..yeah.. little bad for sensex..but looks like it will recover and go to +ve if today's closing is good if sensex is bad i will be in alert with NIFTY..now Mr. sensex is showing good sign.. let us see
Master,
This chart shows that Nifty is still moving in a channel. Does that help in counting the waves now in any way?
Oops, the chart is here --
http://picasaweb.google.com/yinyangfire/FIRECharts#5561597493326286498
Even Mr Hercules could lift only 16pts - Heavy weight Bears!!!
The fall from 5872 to 5745 had a clear abc pattern,
the C upwards is pending which may begin now, the fast rise in hourly is ideally suited for such move (if it comes!)
@sreyO,
Thank you.
Dear Ilango - need your view on below data
NIFTY ADVANCE DECLINE RATIO
Sep. 2010 - 1
Oct. 2010 - 0.84
Nov. 2010 - 0.73
Dec. 2010 - 1.05
Does it mean we have reached bottom and should now look up ?
regards, Deepak
shah - it's like "religion" all are worshipping GOD with different names here all are doing different manner but "landing at the same place" :)
sreyo - expecting closing atleast above 5790 level let us see. seeing abv 5779 consistently +ve territory.. let us see
@ suj ji
hmm by good u mean.. +ve?
do keep u updated :D
and yh u can call on us for any levels ;)
@ sujatha mam,
thanx a lot...for your kind words...this time also nifty can not sustain above 5784..
@sujatha mam,
if nifty gives closing above 5790 then we can get another 30 to 40 points tomorrow...
Thanks sreyO.
BN falling again ... good buy at 10700?
it look like bull now tired.
breakdown in 14hour RSI.
moved out of short at 5746...
sreyo - 1-30 to now double top around 5786 levels :) reflecting??? hrly just missed still positional pending
Thank you Ilango for 2 cents...that reminds me of "Golfdude"
missing in action....
:)
yess...mam
Bhaveshji, kahan ho tum. main jab bol raha tha ki bears se bach kar rehna to aap ne
hamen galat salah di. Main ab kafi loss me gaya. Profit main hota agar main aap ki baat nahin manta aur apne man ki sunta
ilango sir, below 5733 , 3rd wave will b confirmed as 80% ret level??
@anuj
the sar u talking abt is psar of something else
although nifty did not stay below 5740...yet..i moved out of long...in my previous message, read "long" in place of short...
OOPs. I am sorry, my mistake. my views was for manoj
Tigerji,
Don't blame anyone just trade with your
understanding and mind, No one insisting to
trade as per his/her trade
Sir,
Last six days FII have sold around $1 billion(4339 Crs)
Can I buy 5600 and 5300 put?
Tiger ji!
Is market me koyi kisi ki baat nahi maanta, sab ek doosre se poonchte hain aur karte apne man se hain kyonki paisa aapka laga hota hai. Nifty ne hourly low EMA 5809 ka low jab toda tha to kya aapne maal becha tha, agar becha hota to aapko 50 points neeche fir mil jata aur 40 points upar fir bik jata. Ab insaan apna bhi to trade karega ya sirf doosro ko hi bataata rahega.
Manoj
Sreyo - me too moved out of "aggressive long" :P joined hands with bears
@ Crorepathi,
As my critic would point out, this settlement would end at its lowest.
"Sell into rises"...Once missed., you won't get them. Keep the larger picture.
I think market break below 5690 if bad Monthly Inflation numbers.
looks like a ending diagonal with divergence 5min charts , is this end of B ???
ilagno sir what r the odds of it being B of 2 ??
Tiger ji!
Aapko Lango sar ji saaf saaf mana kiya tha ki aap abhi intra day trade na kare aur sirf positional trade kare, kya aapne unki baat maani. Pahle aap dicipline seekhiye aur fir trading kariye bhaiya...trading itni aasaan nahi hai..ye achche achche analysto ko short term me wrong saabit kar deti hai haan long term me aap paise bana sakte hain. Good luck again bhaiya ji..
Manoj
Master,
perhaps you missed my query. Whenever its convenient for you sir.
@ Jazz,
Lower Trading band is intact for the traders.
"b" could be irregular too. Corrections are complex. Larger trend can assert itself suddenly.I depend more on TT at such junctures...
@ FIRE,
I saw the channel. So you must still be short. Its difficult & not correct to attempt labeling a fast moving market. Stay with main trend till reverses.
Dear sir, Should I exit my call
Thank you master. I am totally short indeed.
Ilango sir, should I exit my call 5800 & buy put instead
Bye Sir and all
Bye Sir. Bye Friends.
@ Piyush
I feel it will be applicable to any SAR or trailing Stop loss method specially stops based on volatility
Be it JNSAR,J10 SAR etc.Volatility hits us all and gives opportunity as well.
I have done this study as per trailing stop loss levels I trade with.
Cheers
Post a Comment