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...
71 comments:
Good morning sir and friends :)
Is Ventura Pointer working fine??? I am not able to access since morning.
thanks n advance.
TT shows complete close below "Low ema"..Day still remains, week a day to go and month two days to go to confirm it.
@ Sujatha,
If you are short, it could be a "Blessing in disguise" to "sit tight".
@ SUJATHA,
Please change server,you can choose server no 03 to easy access.
@ Sujatha
You are repeatedly use the word 'CAM'. What is it madam.
Thanks in advance.
LV
@Sujata, Ventura Pointer is working.
BN said hello first support mentioned by sir,10510.
@Sujatha,
Pointer of ventura working fine since morning. Change server & try.
\Chandrabose
BN heading towards 10480...
Sir,
Thanks a ton for the "special msg" for me. yeah, actually i was in a hurry to cover @ 5401 weekly fibo level but unfortunately VENTURA protected me as ODIN is completely corrupted and installing new one now. Problem is because of AVG antivirus lot of complaints as like this my broker told (in bangalore)
Thanks all. i uninstalled AVG free version and installing now pointer. will catch u all later if time permits.
Have a good day.
RESP. SIR
how about the gap left in sensex term, left at 17752-17857, is it gonna provide, some solid support for an upmove. EXPIRY SPECIAL.
OR HOWEVER, since we have broken, 5385-5395 range, as mentioned by u on the downside, we are all sure, to see 5330-5335 today. without any meaningful bounce.
thanks, regards
For Commodity lovers few trades has been posted on My blog
Intrested members may trade with me
Master,
Thanks a lot. Took shorts below 5385 and waiting for 10480 now. Have to take my eyes off the screen frequently, so the delay to reply. My apologies.
Hi Sujatha, you may use Avira free version, it is good and does not eat too much resources.
Till Noon Max pain to 5400 put writers and after noon Again Max pain to 5400 call writers
GM ilango sir,
10-15days before, 5400PE and then 5500PE written 1cr and above, first 5500PE writers ran for the cover, now nifty trying to 5400PE writers to run for cover, will it happen today at the expiry?!
Ilango Sir,
Pl. give an alert to loosen the seat belt. sitting tight with shorts.
@saz
I am playing today with the opinion that 5400 put writers will be ruthlessly hammered as already in the morning we are observing panic.
A completely planned game by Big players
First let me cover my calls and then i will cover my puts.
Thats the stragegy today
@SAZ
Already bought Handsome Qty 5400 calls today at 16 .... Expecting 5475-5480 today by close
@ SK mishra - thank u very much . broker too told that one and i am on the job but where can i download that exactly i googled for that getting lot of results, little confused who's the reliable one can u pls. check and post the link.
Thanks in advance.
@ Fire,
"ORB" is a good tool to initiate a trade once the original trend starts to assert itself.
5415NF break.
@ Saz,
5360 is the VIX lower range below which is the gap area 5340 & golden ratio.
Part book around 5350 zone.
Sir,
Partially covered here @ 5367 as per my worksheet and waiting to cover balance @ 5340 (last week low) or shall i hold for more??? ODIN still in problem managing with RT charts.
thanks n advance
@Power Trade: what is SL for your call...You expecting more than 100 points recovery. Brave man.
sir - thanks we crossed :) got reply
@PT
ever since you have given buy call(i dont remember PE or CE) 2 or 3months back at 5rs(OI 1cr above)and went upto 40 or 50rs at the closing, i'm so surprised....from that day onwards i'm following this 1cr OI.....
but in trending market you get 40 to 50 rs for 5rs or even 1rs option....flat or sideways its big 0.....
http://www.avira.com/en/support-download-free-antivirus
If the correction is a zig zag kind from 5599 top, then
5599 to 5413 is 186 points
Rallied to 5526 and ended with a truncated top @ 5495 yesterday.
5495 - 186 = 5309.
(If you minus it from 5526, it would be 5340.(Golden ratio)
@ ilango sir,
thanks sir, i have booked part here at 5365, i cant wait more till 5350(say just 10points), but my heart start missing the beat...yesterday only i bought KALIPHOS 6X, waiting for the auspicious day to start.....valarpiraila arambikinumaam wife solranga....
@saz,
waiting for the auspicious day to start.... That is NOW :D
I bought NF (March)at 5493 wahat is the SL. Please help me sir.
@ Mishra - thank you very much. u dont hv "translation" job hence not visiting often??? anyway thanks for the "rescue"
Saz - Valarpirai is "good for good thing starts" not for medicine and all. especially don't go to Dr. on saturday & don't start any medical course on saturday (exception @ very critical stage and unavoidable circumstances) follow this and "experience this" "saniyum piniyum pogathu" i experienced this on my own (verrenna??? ellam periyavanga solli nadakarthuthan)
@skmishra
yes, you are right, but sometimes you have to follow wife's rule(astrology,numerology...)!!!!
The drop seems to be slowing down. Maybe it'll bounce to 5430 from the top of the gap (5350) to keep the rest of the correction for another day? It's left a gap around 5430, which left unfilled would make it an island reversal and it'll head lower?
See, this is how I confuse myself at the end of a good run to go contra and lose money ...:)
Sir, I bought NF (March)at 5493 wahat is the SL. Please help me sir.
@ Yoda,
Your increased awareness is a tremendous transformation.
@Sujatha, I am there! Manoj is not seen these days. I do not scribble too much to add, when nothing to do. My good morning and bye wishes are silent. :)
@Saz
Its just that i keep aside some part of profit of whole month to play contrarion strategy only on expiry day.
@ Raj,
How could you hold any trade without a preplanned exit strategy.
There is absolutely no mercy from the markets.
If 5338 holds and rallies, exit during the bounce..
@Yoda,
Thanks. Safe landing from 5500. Enough for me. :)
Attempting some longs.. :)
Thank you sir
Ilango, it's your tech table. I finally understood it! lol!
"BN" is trading below 10480. Closing below Monday would confirm serious bearishness.
@ Yoda,
Yesterday, Jay reminded me "the art of Indian rope trick".
5 sma/ ema turned down and market keeps touching them and climb down in downtrend and vice versa in uptrend. You know ..she is fond of average charts.
I ever go to temple in hope god will answer me ...still I hope he will...left it ..
can any body tell me should I exit from shorts of 5600 call or march I have ...
two short march 5600 call and two puts march 5200
thanks sujatha maam,just now got experience, i took medicine for throat infection last saturday(night), till now sleepless night.....
thanks for timely suggestion....hereonwards i will never ever start taking medicine on saturday and i will advice others too...thanks a lot
@PT
at anypoint there is no CE writers more than 1cr....than why did you bought CE....
like last month there is every chance closing will be on one side,no turn around....but market is supreme you never know....even at 3.15pm it will create panic
Jay's a magician with averages... she has predicted so many moves ahead of time with almost psychic precision. Totally genius!
@Chivukula,
I think the fall is done for today, but you shouldn't be in a big rush to go long. That's how I get in trouble usually.:)
@ yoda maam
you have to tell us today, what's your new analysis that made you think it will touch 5330....it almost there now....
hope you reveal it today..
What is the bounce back level. to exit NF (bought at 5493) or book loss?
@PT
yes you are the real trader, keeping part profit to take risk on opposites.....thats give you mega profit......cheer up...lot to follow from you guys....hats off...
Ilango sir, any Sl for shorts to save us from expiry volatolity?
@ ilango sir,
sorry for writing too much comments which is not technical.....i will stop now and follow the post of yours and other blogger here..
@ Bizagra,
Part book as suggested earlier.
Market may remain subdued till all "Bull unwinding is over" and then may rally "If the shorters rush to cover"..If..If.
Know the HLEma of each hour and only a close above which will indicate short term neutral stance for the bulls to act.. For 12.00Noon, the HLEma is @ 5386.
saz,
It isn't very complicated, but it isn't complete either. I haven't traded before this last fall so just keep it in mind.:)
There's a rational part and an irrational part to predicting.
The rational is Ilango's tech table. When a market reaches the monthly high ema and turns around without going above it, it will go down to test the monthly low ema and probably break it.
The irrational is a moon-phase thing. I noticed last week that on full and new moon the market does a high and a low, so its useless to trading direction. But if you look at the quarter moons, the first quarter and the last quarter show direction. Then you can trade the trend.
Easy, see?:)
Sir,
March NF premium is increasing does this mean that short covering is going on?
@yoda maam,
thanks, its like crazy mohans dialogue(confusing) lol......:)
@Bizagra,
HJNSAR for 11 is 5463 :)
Low risk Long entry point is around Golden Ratio. if holds sharp bounce.. else sell-off.
@ all those who intend to go long:
1. Trade the chart (as master says). 2. At least three conditions must be fulfilled. a. The white candle must completely be above the signal line. b. The red dots in parabolic SAR must totally disappear and green dots should appear. and c. Volatility must not be very high. There are several other conditions. Verify with master before applying the same.
LV
@Ravii
Got bit confused in 5463 and 5363.Thanks
@ilango sir,
as per your premarket ,you went short in march future at 5466....but i'm holding this months.....rollover is a headache for me always loose 30- 40 points.....i will wait till monday(budget day) to decide what to do on march series, is my approach right sir?
looking for 5400 call looking attractive to invest but still in confusion
@ Bizagra,
It shows 5452 for 12.00Noon. I have not traded with it. You have to study it. Some are doing it.
Even a close gives good returns capturing big moves. Whipsaws will be there.
Intraday strength would be a trade above previous hour's high. For 1.00PM, take above 5371 as strength.
Sir,
I am curious which method you trade :)
lol, I warned you the theory is a bit bizarre.:)
But I'm hoping to test it this year.
prashantbhai bought march nf at 5476
NEW POST DONE.
5400 call : taken The risk in profit now
RSI & KST giving positive signals
need advice
i remember one of my friends teling that market is falling on its own weight....may be a crash is near by...
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