FIRE has presented a chart(Shown at the bottom of this post) of "Gartley application" to price patterns and calculating targets. His budding knowledge would lead him to prepare some roadmaps of the market for the coming days/ weeks once he identifies the firat part of the pattern unfolds itself. Good going, FIRE...We are all waiting.
I may not be able to participate in today's market. If I do find time, I'll update.
20 comments:
GM sir,
looking at asian mkts thismorning - i think NF will open above 5500 and BN above 11000 - will they sustain those levels?.......
I may not be able to participate in today's market. If I do find time, I'll update.
Hi..Janak,
Nifty is looking for a faster retracement to 5556 while BN 11257, their last significant pivot high. If they are able to achieve it, some profit bboking may emerge.
Alternatively, they could consolidate and holding above 5385/ 11700, they could attempt those highs either today or this week.
Master...to all newbees...
Classic Investment Book, Elliott Wave Principle, Now Available free...
Here is the link....
http://www.elliottwave.com/club/elliott-wave-principle/default.aspx?code=47572
Good Morning Sir and Friends.
Good morning all and wish a profitable trading day!
Good Morning Sir, RG Sir and Friends.
Good Morning ilango sir and friends,
Today's Quote received,
Always use best cosmetics in your life...
For your Lips....Truth
For your Voice...Prayer
For your Eyes....Sympathy
For your Hand....Charity
For your Heart...Love &
For your Face....Smile
Good Morning...!!!
Gm all,
I have posted a new option hedging strategy.
Intrested members may start with me.
@Prabakar
I want to know the parameters you use for Stoch and MACD for 5 min charts.
good morning,seniors..
Gaureshji a heart warming quotes of the day..
Very proud of you Fire. Only request is pl stay with us. Don't plan own blog. I am a very reluctant Blog walker. Don't want to miss your impeccable shadow(to TA) views. GBY.
@Pravin,
Macd settings: Week(12,26,9); Daily(5,10,9); Hourly(12,26,9);
5-Minute(5,13,9)
5 and 14 peroid for stochastics
To understand better on settings, please download "Words of Wisdom" from Master. It is placed top right listings.
@Prabakar, thanks a lot. just one more question. what is the 3rd parameter for Stoch for 5 min? I think we use (35,3,3) for hourly and (5,3,3) for daily in Tech Table.
Good Morning ALL
@Fire
RG's words are reflecting my desire too.
gg, So glad to see a bullish bat, Fire. Now the ball is in the market's court.:)
hope people have enjoyed, my open long reco on coromondel here at this blog, blasted from 250 to 295. Tgts given were 268 & above.
However, i have managed to publish new post on my blog, under which, some stock specific opportunities have been provided, intraday & positional both, interested friends, may kindly visit the following link. 2 recos have already met tgts.
http://stock2gains.blogspot.com/2011/02/trades-for-16-february.html
thanks
regards
OM SAI RAM
Master,
I have always been famous for my genius... in hindsight. :D I am waiting too, for years, when I will be able to identify the patterns in its early stage, to no avail yet. But now, with your blessing, I am seeing a ray of hope. perhaps not more than 2-3 years... :D
@RG,
How could you really think that my renowned 'lazy bones' could take the load of creating & maintaining a blog? :)
On a serious note, I am a loner in real life. Either I am tinkering with the charts, or I am reading books (or dreaming). I am most alive in these trading hours, not for trading only, but more from the warmth I get here.You are my family. Blogging is not for me, as I couldn't learn much without your love and encouragement. You are not only my masters, you all are my inspiration and driving force. sharing gives me the energy. I am eternally grateful for that.
P.s. I am a Buddhist follower. I don't use the name or terms of Buddha or Bodhisattva very lightly. I really mean that.
Good morning Sir and friends.
@fire, thanks for the bullish update. Hope we get there soon.
NEW POST DONE.
Fire,
People like YOU make this blog even more endearing....to be honest
am a recent entrant and I have become an ardent follower, accessing it umpteen number of times daily [even on sundays!!!!]
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