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...
85 comments:
@musti. Thanks for remembering. Will surely do next month. Indore trip is on the cards in near future :)
Reposting
@Kumar Sir
What should be the tgt and s/l for BNF shorts?
Thx
@S Stop loss 10700 hrly closing. Target YUM YUM :))
Dear S!
I already said in my view that stop loss & targets are same. I am doing nothing new in Bank Nifty future, these are the same levels which i gave in my blog on Monday for aggressive trade, so kindly check there if you dont have.
only hourly LEMA is being protected. below that falls should be faster.
Namaste Ilango sir and all,
Nifty sitting on a Long term Support. So Break down of the recent low of 5195 seems to be scaring!!
https://picasaweb.google.com/103973773349621758823/Jun32011?authkey=Gv1sRgCNvKuMOS776KqQE#5620898296462808242
bulls Hanuman Mandir jane lage hai?
भूषण Galat जवाब बुल्स शिव मंदिर jaate hai
Sujataji- pls break the suspense :)
Sis Suj GM
ur 100% correct BN can bounce
But Kumar Sir has applied Huge pressure on it
this type of fall in BN is not fall its correction only
Dear Sujatha!
I found 22nd June mystery, kindly check urself:)
http://www.historyorb.com/day/june/22
Dr sir good one
तो मेरे को किस मंदिर जाना चाहिए!
Bull rally started on June 22 1990 when sensex was at 800
freinds bought nf at 5285 for 15 points intraday sl is days low of 5271 nf
DR-ji - thanks a tonnnnnnn. yes. timebeing i am "katti" with Kumar sir :(
too bad. :P your small/small hints showing me new path i am trying to fine tuning.
Kumar sir - Lolzzzzz :)pls. give a small bounce pls.
ram - most of the times notorious "down" :P check the data
this mkt is frustrating me :(
दिनेश भाई किस पे सवार है, भालू और बैल ?
भूषण जी आप जस्ट निफ्टी मंदिर मे ही विराजमान रहिये
Dear DR & Sujatha Technical temple!
I have no problem on behalf of all Bank Nifty shorters, If Bank Nifty goes up from here upto 10600-10650. In fact i will be very happy bcoz that will be great opportunity to go short but if it try to go beyond 10700 then we will be compelled to attack for self defence:)
भूषण जी भालू मासाहारी जानवर है
और बुल हमारा शिव का वाहन है
नंदी महाराज की जय
@sujatha
my little kowledge shows 22nd june as gann date,
earlier gann date of march 21, nifty bounced of
from lows of 5348.2
@KUmar sir. Me tooo want 10600 :)
STT in any form is getting expensive.
Anil - OMG...then bounce possible today?? babre advance sugar ghee to u
@sujatha
June 22 is the day where the Earth is at its lowest
point below the centre of the sun.so expect a major
change in trend or direction in the markets.
Disclaimer: i dont know the direction,
ॐ नामाशिवय
बोलनाथ महाराज की जय
my wiew...
markets looks like markets would test 5350 / 5375..
today / tomorrow...
waiting for ilangos trade call.... :)
Those who are dreaming for bounce, 1st Nifty has to close above 5320 on hourly chart...either it will puncture after 2.30:)
sujataji(RECHRISTENED SJ)- can we have 100 points down please :)
Sis My trades required hell lots of patience
Telling u truth I was long from 10295 and my original trade
still intact its like my PF.
In between some trades done for peanuts and soda water :D
Sis I dont use Yahoo msgr ping me anytime on gmail
9 to 9 always online :D
kumar sir -agreed . give me 5350 atleast.
anil-ji - astro too?? :P :)
DR-ji- 10563 abv +ve upto 10620?? if it hold here more ++ve am i right??
Ilango sir if u could tell me why you are using 12 26 and 18 parameters in ur 5 mins macd instead of the usual 12 26 and 9 i would be grateful.
@sujatha
i purely follow charts, no astro its just a coincidence
of gann levels on this particular dates...
भालू या बुल...
मुजे चाहिए फल :)
ram- don't worry hanuman will help u :) kumar sir given puncutre time 2.30 :)
Sis Simple fund more effect tha 15 min ORB
its open price
if price above it candle will be green
if price below it candle will start melting
BN fut todays open price is 10530
weekly is 10617
thats Y yesterday given 10617 SL for long :D
Of course trend is down no doubt
Looks like bulls may have a serious problem taking nifty higher than yesterday's high. Today's day high could be a nice shorting zone.
STT --- Security Transaction Tax
STT --- Sujatha Technical Temple
We bears are not liking any of these right now. :(
2:30 pm पाहिले पतली गली से निकले लेगे
@DR.With ur permission doing paper trade of your opening rate ORB.
Sujataji: dont worry, hanuman chalisa is always there in my wallet :)
Dear Sujatha!
Our team leader has more FIRE so pls come in this camp either :P will ring there:)
Dear FIRE!
STT, it sounds better...Thanx:)
fire,
nifty looks a buy to me for intraday...5350/5375
since you, and kumar are short im not venturing into
long postions...
above 5398 nifty futures closing
will change the trend for me....
Sir,
mmm.. mmm.. i am crying...fire and Kumar sir "teasing" me .. mm mm
Fire - too much lolz :) :D if anybody new comer comes faint :P
delete the temple comment :P
Jiggs - BB 5281 to 5304
Good morning all, Namaste! Nifty may duplicate
yesterday's move.. 5350 about and then next show!
@kumar sir: y people are looking at a bounce back to 5350? is it because of the oversold position? dont mind my naive questn
Crossover of 5300 will take nifty to yesterday's resistance zone of
5325.
PUT's are getting hammered... we can grab them cheap in rally
I am bearish on ITC.
Reason: When a stock goes below 50 day SMA, generally it finds support at 200 day SMA.
BB worm! Bb worm!!any worm taker? I have taken
the worm :) Today this is 3rd catch!
@Sujatha,
You are not only a temple, you are "temple temple superstar..." :P
Dear Vishal!
There is always difference of opinion & perception, if it will not be then everyone will be buyer or seller. I also assume that Nifty may go upto 5350 & my aggressive stop loss is 5375. But even then i would like to avoid any buying bcoz risk reward is not favouring buy. I buy but against my shorts, I bought Bank Nifty future @10475 which i sold @10550 in morning & sold again in 10530 just now:)
@ sai bhakt,
being bearish on itc is a good reason to be
bullish on markets. Means money is going out of defensives.
which is a positive sign for the market.
@Mishraji,
I am tracking your wonderful Worm strategy. But the worms haven't crossed any of the upper or lower bands yet today. So how come you have got the 3rd catch? Am I missing something?
@skmishra
Pls guide me to setup bb worm in mt4.
Dear Fire! I have forgotten to add, initial 1 hour,
I trade sometimes 3 min time frame. When that day? like
today- global positive, we did not touch even 5min bb,
so 3 min bb for initial hours till trend establishes..
DR-ji am closed both nifty and BN as BN gave warning @ 100 EMA BN kid scary to hold long.
Mishraji - already "lot of worms" in stomach. suffering a lot. hence not trading ur system. Will try in future. thanks. points noted.
fire - mm.. u had "heavy breakfast" today?? looks like
gm to all friends
@ U.K. Raj! in mt4, insert>indicator>trend moving aveage
. There select ema, value 2, apply to high once and low
once more. 2 indicators are now on, select ditted line
so that it will not strain your eyes.
@ skmishra
On lower timeframes in BBWorm what is your stoploss method?
Please explain.
Regards,
BNS
Photo of the day
https://picasaweb.google.com/lh/photo/gN5JleGf_2d9h--B0Jfl1xXJ74YEFxurDDODP-_F0rU?feat=email
@ Fire Sir Out of curiosity .. what is BB Worm?
Sujatha! ;) he he, kumarji is there, he can control the
worms in desired concentration!
@Bns, same, same.. worm eaters are small birds, so have
to keep an eye on eagles in the sky. The method is now
or I am wrong!
@Skmishra,
To-day I am just watching in 5min chart. You are tracking Nifty spot or Nifty future levels?
Chnadra
@SKMIshraji... how to set in AMI?
@skmishra,
I am also waiting for the reply to FIRE's query.
Dear Sir,
Kindly delete if against rules.
Click below for an extensive thread on BBWorm.
http://www.traderji.com/day-trading/48558-bollingerworm.html
@ankit
that may not be the case. Rather it may be part of sector rotation for selling.
कहि शिव मंदिर मैं आकेला तो नहीं!
कोई परवा नहीं जब बोल्नाथ महाराज साथ हो !
We can track both spot and fut in ami and mt4. Signals
will be almost same.If tracking in ami, observe the
corresponding nf value. One thing, this is a scalping
method and do not get distracted from our TT here.
sl of intra longs of 5285 nf now moved to 5280 nf for target of 5300 nf
nifty trying to move past 5287(50%) retracement but unable to do whole day.
Dear Bhushan!
Bholenath will not help bcoz Mata Parvati exited from Bank Nifty & shorts also so Bholenath will never go against her:)
From Last 10 Hrly nifty spot not closing below 5268....any hrly closing below 5268 ll lead to more downside....personal view
lol kumar sir
Gm Sir & friends,,
Update ;
nifty s.loss same 5270
कुमार सर, LOlzzzzzzzzzzzzz
अगर माँ को समझ आ गया तो तुम्हारी शामत आ जाएगी
आज सुबहे से ही वो टार्गेट है
Dear DR!
She is the most intelligent trader of this forum & thats why exited little early, bcoz risk reward does not favour buyers. She is the most loving MAA & SIS here:)
Yes Kumar Sir,
Trend is down and Long trades are very risky
seeing the RR, if not short should not long
should be mantra till JNSAR triggers buy :D
New Post Done.
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