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...
120 comments:
trendline from june2 in hrly may act as res, check.
Sir, stop loss for jnsar longs?
cooldent
u trade? im trade but im confused with stop loss
@KUMAR TECHNICALS,
Can short Nifty below 5375 again in between hour closing, or should I wait below hourly closing?
Nifty 5405-5430 are good point for addition of shorts.
Add at this point or at 1-2PM for quick gains.
But open interest picture seems that we will close
above 5400 today.
5400 PE 19L addition, 5300 PE 11L addition,
in just an hour
@snebull. stop loss usually 20 points from jnsar
@@KUMAR TECHNICALS,,
I mean can I short nifty any time in between hourly closing if it slips below 5375?
joe - i booked out my calls @ 5395 now will trade above 5412 level only. and shorted with SL of 5412.
cooldent
im fresh trader ,im first time trader in jansar level ,,
Dear Prabhakar!
Stop loss managment is little difficult job. I dont mention hourly closing stop loss in my blog, and i always follow end of the day only. But somebody say if it goes 100 points up into closing from stop loss then what they shud do? Actually its tricky, so i say that minimum hourly closing needed but that is not maximum. Actual strength of Bulls & Bears always tested in last hour. I coved my partial shorts but i will resell those after breaking levels.
sir its come again 5383 then again goo to short or still sit with jansar
@collent
@snebull. than you have to read the links provided on the top right corner of the page. always start trading with these
@KUMAR TECHNICALS ,
Thank you Kumar Sir
Kumar Sir
Thanks
very nice eye drop
How many times a day I have to apply?
& in how many days my चश्मा will be removed?
oh DR ... what is this drops.. is it for eliminating chasma... please let me know that drops name
I just purchased 3g usb modem huawei... I am presently using it with tata docomo.
I want to know anybody using usb modem with vodafone and how is the speed.. I am thinking of shifting to vodafone for internet
Testing
@Sam. I use BSNL when i am on the move. But they dont have unlimited package
dr guru,
can i short now bank nifty
or wait thanks in advance
Yesterday.s top gainers are today's top loser
it will keep on happening
@Ilango Sir
We have two premarket views today. I think the title should be changed.
Ilango sir, can i short again if 5363 breaks again??
Thanks
Ganya
Mine trade over will see fresh trade on monday
I dont like shorts but one can short here
1. Channel top
2. Hrly OB
3. Gap
better will be buy 10500 PE at 40 loss only 40 points
weekly candle is Dragonfly doji ( views updated yesterday
on my blog)
@bizagra. same question :(
@DR. I have sent you your trade :) pls advice
Dear Ilango,
I had gone long at 5300 yesterday as per your rules of trading.
I have booked partial profit of 100 points. Holding the rest at cost.
Thank you
John
@Cooldent I am using Tata Docomo I have 4gb plan with docomo which costs 95rs only per month... and it gives very good speed. I am also having bsnl 3g but only 1gb per month.
If Price is above JNSAR
dont ever think of shorting
(it will be trade against trend, very quick action and
proper SL required)
let it be
1. Channel top
2. Hrly OB
3. Gap
thanks sir brought 10500 pe
god bless you for selfless service
Tata docom 2G max speed 135 Kbps
BSNL 2G speed touches 1-2 MBPS
all depends on distance from tower /signals
dinesh sir
todays jansar 5383 or 5363 im confuseed???????????
@DR
i agree, JNSAR comes when nifty already have too much
of run up/down..that it time its difficult to believe
or initiate trade, based on numbers, but emotions kills.
Y'day, i added longs when nifty crossed 5282 day low EMA,
but by seeing so many shorties, i am little afraid, but
price is the king.
any long SL should be around JNSAR, since higher timeframe trend still down...
@DR Sir I agree with you but for bsnl 3g speed is high in my area.. and 2g speed is very less as compared with docomo.
Ilango sir can we take it as iv wave of small c going on???any possibility of -ve divergence if makes a new high??
Thanks
Dear DR!
Its good that EUPHRASIA Eye drop working well upon you. It never removes CHASHMA but you will feel like that over a period of time. Take 5 Almond of GURBINDI(only) daily, just pour in water in evening & eat in morning before breakfast. Its my 25yrs old tested thing, it maintain ur eyesight well & sometimes recover vision power:)
SAM go to setting of ur device and there try
different settings :(
In Idea device you have to use "All Bands" + "WCDMA preferred"
Yesterday 5300 PE @40, today 5400 CE @40,,,,
Dinesh Rishi said...
If Price is above JNSAR
dont ever think of shorting
(it will be trade against trend, very quick action and
proper SL required)
let it be
1. Channel top
2. Hrly OB
3. Gap
Dr sir what is channel top? any example?
At such a critical juncture, before market opened, I had suggested a practical strategy.
As far EW, 5457 is the low of "i"st wave. "Below 5455 weakness" has been in all our EOD posts.
As long as Nifty is contained below it, weakness would return once Hour TA becomes Overbought.
CoolDent/SAM,
What is JNSAR using today, 5363 or 5383?
SAM draw a channel in BN Fut chart
and see its touching top line
17 Jun top 21 Jun top
@ Ravii ... just refer to the comment by Ilango Sir?
Ilango said...
@ Sunil,
Keeping the bearish scenario intact, Nifty could rally higher towards 5400 in a day or two.
As long as it stays above 5300-5315, such a rally is possible.
Earlier supports of 5350-5365 is the immediate resistance. I have given a filter of 20 points.
@ ravi u get correct jansar level????????
@DR Sir thanks a lot .... got it.
SAM,
Got that point... but nifty is now below 5383, that mean we already reverse to shorts? Or wait for 5363 breaks.
Sorry if it found silly Q :(
@ravi. I used 5383
@SAM: So more pain left to bears?
Dinesh Rishi said...
If Price is above JNSAR
dont ever think of shorting
(it will be trade against trend, very quick action and
proper SL required)
let it be
1. Channel top ..... ? if above it then no Short..
2. Hrly OB...... is it hrly Overbought? and if it is then?
3. Gap.......?
@ravi. below 5363
REad sirs note:
As far EW, 5457 is the low of "i"st wave. "Below 5455 weakness" has been in all our EOD posts.
ravi we are new with jansar but all peoples are seniours,,,
im watch it more than 3 years but im not trade,today im take a postion in mini nifty
but im see jansar is 5383 but im see thchart todays jandar 5363????
im now im keep stop loss is 5355?again im confused????
kumar sir, what is gurbindi?
Thanks Cooldent... Will wait for 5363 break for the reversal
snebull,
Go long above 5383... reverse to shorts once 5363 breaks.
ravi again short that level below 5363???????????????????hoo im buying minifty @5388 level?/today huge loos come when again shortttt hoooooooooo
@ sam,
i m also using tata docomo. there are only 2 companies
having 3g services. 1 is bsnl and 2 docomo. if u r going to
try only then buy micromax data card or modem.
in that facility is you can use any type of 2g or 3g card.
then try for bsnl 2g regular card. plans r 3gb for 98 recharge.
any one you see fast rise signal in 5,21 EMA? Pardon me If I'm wrong.
@Ravii I agree with cooldent.
Dear Cooldent!
Gurbandi is a variety of Almond, which is very useful. Mostly people us AMERICAN giri which has no nutritious value. You will get GURBANDI in this link, its easily available in market everywhere. MAAMRA is also very good but its very costly & dry too.
http://www.indiamart.com/company/2195691/products.html
No trade zone:(!
Heavy open interest building up in 5200/5300/5400 PUTS.
Change in OI in 5400 Put is 25 lac
5200/5300/5400 calls open interest is shedding by more tahn 5 lac each.
Nifty is trading above Hour & Daily HEMA... also above week LEMA.
Closing above 5345(WLEMA) can disturb Bear camp.
Thanks,
@Nilesh I have used Micromax 310G ... but I am presently using unlocked device for Idea Netsetter... Huawei e1550 and it is better that Micromax ... that's what I feel.
Thanks kumar sir
@Rajapvt ... don't know how much left but ... already gained some pain... as booked loss in yesterdays shorts.
@DR sir the SAR which was available previously on your blog seems to work well ... I am testing it since last month... it gave handsome points.
Ilango sir,
I posted a comment here just 2 minutes ago..
but it's not showing here though there was no error.
Sir- my comment also might have gone to spam. Can you please check?
Sir, 11am TT update please.
@ DR sir as SAR as per your blog suggested to go long above 5295 yesterday and see where nifty is now handsome 100 points gain.
@DR Sir this is for you .... happy bull jumping...with joy.
http://l.thumbs.canstockphoto.com/canstock4060188.jpg
bears, getting killed,,,, slowly steadily,
Shorted bank Nifty future again @10795 with stop loss of 10825.
Dear all, Can Nifty close in red today,,,, any chance?
@DR Sir your target completed welldone.
Dinesh Rishi said...
Sis suj
send me test mail I will send you chart with
BN tgt 10800 :D
June 23, 2011 10:21 AM
BN running New chart
http://pakistaniat.com/images/flying-donkey.jpg
I now don't think that market will go below 5300 ... as FII have started buying from two days... even they were net buyers in Index fut.
SAM has conveniently left out the important message when reposting..!!
Alternatively, go long at the open with a SL of 15-20 points and if JNSAR triggers, hold the same & raise the SL. ""This is the most practical strategy.""
Everyone "decides" what to read., what to pick up. When you are biased, you tend to read the market incorrectly.
Kumar sir,
How are you. Do yu need any answer from me now. Trading on the assumption
that too on bank nifty will kill
Namste Ilango sir and all,
A Bearish Bat pattern formed in Nifty Hour chart. The SL as per this pattern is 94.3% to 100% retr of the wave XA. This coincides with the value ilango sir gave as 5455!!
The initial target is at point B=5322 and the next target is at point C=5252!! So the risk reward is good.
https://picasaweb.google.com/103973773349621758823/Jun32011?authkey=Gv1sRgCNvKuMOS776KqQE#5621660786637021010
DR sir, Are potters buying at 10800?
I have read somewhere if RSI remains in overbought for continuous 5 candles on 5min chart then there are more chances of upside which is seen on todays chart... any chart expert please comment on this... since I have read it on Traderji.
sell aginest Hawala 5411..... i sold at 5410 and sl 5415 on a closeing base..thanxs
Cooldent
Potters will see today's closing and
will initiate position on money Potters are in no hurry
to double their money overnight :D
Sorry Ilango Sir I didn't mean it, actually I was giving answer to the query by Ravii...
@Prashant Shah what is hawala? and how the level is derived?
@Fire Sir: I had sent a mail today morning before mkt opening.
Kindly check & revert at your convenience.
@Experts: Looking at the 5300 call & put OI, (5400 call
added 27% with price increase) mkt will not expire below 5300 for sure.
I am now think if expiry will be above 5400..?
Thanks sir
DR - ji - :P
http://www.fotosearch.com/FSA963/x27725239/
no guts to hold as i paid "hefty fees to nifty" :( but keeping an eye sometimes greedy will folow u who knows. keep posting sirji learning a lot frm U. thanks a ton. :)
Sam - i already posted in premarket view - 5412 hawala
bottom fishing bears got trapped,,,
@sam
its a Previous expiry spot closing...
@Sujata I mean what is mean of hawala level and how it is derived?
As GURU said, reading and interpreting with unbiased
mind can help a lot, when holding position, trader
takes the interpretation in the biased position side
and go for toss. Fast fall setup negated now which
was mentioning in chart yesterday,
Kumar Sir,
Does the larger H&S pattern remain valid still or is it invalidated with this upmove?
Heavy buildup in 5300/5400 PUTS with 5400 PUT added 30 lac OI
5200/5300/5400 CALLs OI shedding by more than 6 lac.
Nifty Trading above Hour & Day HEMA and also above Week Lema.
Today's closing above 5345 WLEMA can disturb Bear Camp.
Thanks,
im happy with jansar levelssssssssssssssssss
Amit: When I noticed, whenever trading below/above all
EMA levels (monthly, weekly, daily), a reversal happens
and holding there with stoploss is always good...
jaijindendra prashantbhai kya cho tame prabhu? be careful in shorts saheb
NF 2% up nifty heading for a upper circuit today. :)
Dear all, Has anyone noticed that generally the third week of the month remains in upward direction in a bear scenario.
Debdeep: your picture is nice one,,,
It looks like expiry will be between 5450-5500
and a fall of more than 100 points on friday(1 July).
But at 5430 if we go today buying some
5400PE @25 or so will be profitable as market may come
to 5350-60 on monday itself.
any jansar followers booking partly profit????????? tell meeee
bears bears go away, bears killing started yesterday,,,
snebull said...
any jansar followers booking partly profit????????? tell meeee
Max failed to go long
cos 4800 was deeply engraved
Thats Y I use to tell dont give wild tgts
Dear Vijikrishnan!
Today Nifty crossed ur buy level after 8 days & then u opened ur mouth. Nifty gone below 250 points from ur buy levels & u never told ur call status? I asked many times that whats ur view upon ur previous statement but u kept silent. I am a trader, accept & respect stop loss always. My Bank Nifty futre average was 11600 after trading though i originally shorted @10900. So whats wrong if it takes 200-300 back from me and look another thing, still conservative shorts stop loss not hitted which is 10950 & that i mentioned on 20.06.2011 on my blog. Its my simple request to you, if u have no courage to reply then u must not raise ur finger upon others unnecessarily.
"Vijikrishnan said...
5400,10500,6500 draw your own conclusions who is this Aditi Ilango sir.
Kumar you may be wrong in adding shorts here
June 16, 2011 1:12 PM"
Thanks rajapvt. Got it from the blog of Aar-vee
Nifty channel top @ 5425...
-ve div on 15 mins chart
snebull,
i have booked part profit.
sir, 5437 very close. will negate 3rd isnt it??
thnaks piyush
all follower
Ilango sir ,
is it right time to short nifty @ 5416
For Bears..
Now its look like, a '4'th channel breakout, then
back into the channel...
preparing for '5'th down...
i exited all longs now...
All pls dont draw your swords when one trade goes wrong!!
! remember that in last 3 months whatever guidance was given by Kumar sir only i can remember this one hitting SL.
Kumar sir- previous i posted a thank image but it seems that went to spam and Master didnt get a chance to look. Please accept a warm thanks for your wonderful guidance as always.
New Post Done.
@kumar sir,
let me tell you, you are not answerable to anyone...
what u trade, openly discussed, and accept TGT's or SL,
with gratitude...
i am not exaggerating, but let me tell you, i learned
a lot from you, since past 3-4 months...you r a smart trader, who knows well when to change the uniform,which master try to teach us all of the time...
although i am here in ;just nifty' from 2008 Jan or so...
but shifting positions in real time, from bull to bear
or bear to bull, is an art which u r the very best...
RC and brothers
Plz leave the topic and lets concentrate on charts
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