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...
43 comments:
hi Iango,
Chart not updated?
Regards
Girish
Dear rajapvt!
Why searching projections etc., when Nifty comes in range of 5550-5600 then get out of it or when closes below 5400 then also get out of it. If one does not know anything about technical or chart, then best to focus on numbers.
Nifty seem to be "closer"(If not already done) to a 5 wave completion from 5913 highs.
Since it is not possible to predict a bottom, one is advised to only "Part Book" on shorts.
Remember, this downtrend has been confirmed by Week & Month.. That is real deep.
Bear rallies too are swift and sharp. Hence, Keep an eye on Hour TA.
Okay Kumar, will wait, fingure crossed, when they
opened question may come again ;-)
Thanks Sir for timely guidance.
Ilango is wrong....
He said 5600+ as per TT Table around 12 pm that Time Nifty was 5540 after he says 5600+ Nifty go down to 5460....
So TT Table also wrong....
Blog redar made loss many Time as per TT Table....
When Ilango wrong he not say any thing about his Target....
Today again he proved, he said 5600+ but Nifty is 5460 & Ilango not talk anything about this....
So friends dont be emotional money is your & not Ilango....
Capital loss for u & not for Ilango....
Another dhukhi aatma here.Ilango sir also gave SL buddy.
@ Kumar Sir,
5500 call part profit booked....
- Thank you
@ Mahendra
Read this and then talk
Ilango said...
"Keep day's low" as SL or a bit higher too for the expected rally to yesterday's high of 5575-5585.
May 5, 2011 12:30 PM
Mahendra: Pls read all ILango's post...not one that suits your current position.
Here is what he said:
Ilango said...
"Keep day's low" as SL or a bit higher too for the expected rally to yesterday's high of 5575-5585.
May 5, 2011 12:30 PM
Dear Mahendra!
He mentioned very clearly that below 5630 will be final & strong sell signal confirmation, why u did not see that. Perhaps u made big loss in making easy money...this money is not so easy.
Mahendra, Ilango's projected target, but the target
I believe he already mentioned weekly S3 can be
touched on or before Friday,,, read all blogs,
it may take time to understand, me too initially
not clear about his method and approach, read all
linked articles.
ho ! ho !
some ppl come here for holy grail !!!
@Kumar Sir Profit Booked in BN... @10814 thanks for ur call.
I give you a simple method to trade.
Follow it blindly and use money management rules. You can't be a loser.
@Mahendra No one here forced to follow anyone either ilango sir or anybody ... It is your own decesion.... I think you have got voting right( age more than 18 )... so u can make ur own decesion
@ Mahendra - Sir also said "Don't just float around..
do things firmly."
On Akshay tritya People buy new things, hope people take new buy positions too :)
Dear Sam!
Very good, earned 100-120 points within one hour, i bought again @10770 and i will hold it for 2moro:)
Why people believe in Blame-game? Its ur money, ur profit, ur losses then why crying for others. When 5630 was broken then why not sold in double Mr.Mahender?
@rain maker
wats d method??????????
Trade Tiger users it it working fine?
mine is very slow takes hrs to load chart on new login
seems it is coming down to make +ve divergence
whether Kumar ,Sir, now can buy 5500 call
+ve div in hourly stoch, only price has to confirm with close above hhema, !
deemis there are many - time tested. but you need to follow them, as I said blindly. You only need to keep MM rules in mind.
The Key lies in having trust in your system, whatever that may be. As Llango has in his TT
@ Dinesh Rishi Sir
yes sir.... from morning am facing same problem...
but now working fine now using Server No. 8
Dinesh Rishi said...
Trade Tiger users it it working fine?
@Dinesh Bhai
Yes problem with charts, cannot download, and data in chart missing...making TA useless
May be due to my net....but you have bsnl with good speed I guess
@Rainmaker
City mates?
Here is one
Take hourly chart draw 100 ema
Buy when candle closes above it and sell when it closes below.
You may get couple of whips but by and large you will be able to catch the big moves.
We can make it little complicated by finding suitable SL's
mahendra ji,
sir is correct.
yr interpretation is wrong
Its surprising DR & Indian Trader, mine is working fine since morning...never gave any trouble. I use 2-3 softwares, Trade Tiger is one of them.
Anuj Yeah !
DR is not buying yet..so mkt is help up :)
This last round selling will be used by big hands to accumulate Nifty.
@RAm Chanran
Read properly DR & RG.. DR says i want to be in long only... In Puts long :) lol
Nifty Chart updated : CLICK HERE
BABU- DR bhai never goes on short side of market.
@Ram
Yes he told that... but buying Puts logically long side :) just joking
@Kumar sir, IT,
I am using India infolines traders terminal, it is very
nise software sir. also charts are very goods. there are
many indicators may help all of you.
Tommorow morning we may see Gapdown opening.
Ilango sir, When you say "Bear rallies too are swift
and sharp. Hence, Keep an eye on Hour TA.", means
now market moves up very fast as soon as Nifty break
hourly TA and move up. Is this interpretation correct?
@ Nilesh
thanks for your advice...
I/we don't have any trading related issues now...
party badlu neta ki tarh
Broker badalte badlte thak gaya hun yaar....
Happy with SK's TT....
@ RainMaker
any reason?
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