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...
86 comments:
@Masti puli=tiger, TA is downside, only bakra means
small runners, they run here and there and get cut both the sides. :)
rajapvt said...
Buy Nifty 5400 Put (July) @ cmp 46 & also buy
same quantity Nifty 5800 Call @ cmp 40 & hold,,,
This is for option players...
June 29, 2011 10:39 AM
rajapvt said...
Stoploss is half value, target is double the value.
June 29, 2011 10:44 AM
5400 PE = 8
5800CE = 5
Dear Ilango Sir,
I took the retracement level from the fall NF 5658.90(yesterday's high) to 5540 today.
R1 5585.42
R2 5599.45
R3 5611.34
rajapvt
Your Straddle was Ok but timing was wrong
Thats Y I pointed out and asked you question
which you were not able to answer :D
Just power came.
Thank you Mr.Dinesh Rishi for your prompt reply.(Are the new birds bound to fly off?)
@Dinesh Sir,
Going for both Now
@Chartmaster San, can we see a hourly pinbar reversal
intra, if this hour also closes near 5560+/-?
Resistance all the Way
POWERTRADE
it will be better on 25-26 Jul
and that too ATM
or in direction of JNSAR
Anybody else facing problems with GCI MT4
software today ? I am not getting proper
updates at all! Ughh*$%#@*
Positionally, I still remain Short in BNF
from 11200 levels. Nevertheless, I managed
to book a 20 pt BNF profits on this counter
trend intra-day move. Yeah 20 pt BNF seems
like a great profit booking opportunity
these days or I would also have to bicker
like Ravii did.
Ravii said...
When this Grinding will Stop :(
Every day small profit coming & going.. no realization :D
July 21, 2011 9:42 AM
Retracement for the raise from 5536 to 5578:
5562 (61.8%)
5557 (50%)
5552 (38.2%)
5545 (23.6%)
50% retracement is done till now.
@Dinesh Sir,
Thanks a Lot
@Dear Dinesh Rishi Sir,
I am posting what I have mailed you on 19-7-2011 and your reply to it.
============
Dinish Rishi Sir,
I think last week you posted one small artcle in our JN blog regarding modified ORB system for Bank Nifty. I am searching but not getting. Please send me that small article to me. I have to learn some thing. I am copy and pasting your comments some times.
Thank you Sir,
Regards,
Prabhakar.
==============
I keep eye on weekly Opening price, if it matches with SAR
than trade likely to give good points and so is with days opening price instead of ORB
--
Thanks & Warm Regards,
Dinesh Rishi
============
@skmishra ji
If you are looking for a bullish pin bar it should look More like a hammer. Please see the image.
http://www.forex-central.net/img/strategies/pin-bar-setup.gif
NF 5564.6 was the low on 19/07/11 from where NF moved up to NF 5658.9, now it came down all the way down to same place.
NF has to close below it to move down.
Resistance at 5580 - support at 5560 NF --- Please stop the grinding :)
@Nifty..
Yes I am having the same problem... with gcimt4
@ dinesh sir.
or in direction of JNSAR
Yt does it mean?
means towards JNSAR or in the way JNSAR?
Thank you Dear San, so the bar is not really fitting in hourly. :)
@musti. if jnsar long then buy call. if jnsar short then buy put
Goodmorning sir and all :)
DR – that’s too much lolz :) me like “kajol” in “Pyar tho hona hi tha” movie :D
Wife-: chalo na aaj sunday h bahar chalte hai or driving main karti hu...
Husband-: ahha!
Matlab jayenge car me or ayenge kal k AKHBAAR me...;-)
Vote for – 5540 breakes means nose dive 5494 BN 11027?? Upside cap – 5585/95/608. BN – 11177/205/240/260
PS : Mishraji- if the "bar" not suits @ hourly use it for "home building purpose" or you go to "bar" hehe
For all gci mt4.
can migrate to broco trader,but it not have nifty.
rest U can get all commodities there.
musti1780
one or two days before expiry buy one ATN Call if JNSAR is in buy mode
or ATM Put if its in sell mode you will get at throw away price
NF OI UP, PRICE more or less same to yesterday's close.
Grinding will continue till the NF price moves below and sustain yesterday's settlement price. or NF OI should come down.
ok thx cooldent.
Did U trade option hedge this month?
@Prabakar
Thanks A Lot
@musti. No. trying to stick to only jnsar another one more for the moment.
LOL. Booked out another 12 pt gain in
Mini-Nifty. I am on a roll...
The day all positional trader will be come day traders
Range will break
For past few days that I have traded in mininifty ,
and feel have paid more than 35% of total profit in
brokerage ,
@Nifty if we trade in mininifty and book 12 points as u said
then close to 8/- out of 12/- must have gone towards
brokerage . I am calculating with ICICI direct brokerage , as I use that
ANy suggestions for brokerage which is good ,
for ppl like me who do not tade huge volumes.
Rgds
Smita
@Dinesh Sir
:) :) Wo din Kab ayega
PT tell Dr. Kumar to remove 5650 ceiling
woh di aaj hi aa jayega
@Dinesh Sir,
:) :)
anyone using manshiRT realtime datafeeds
DR SIR,
INFLATION FIGURE RESULT WL TURN THE MKT?
दिनेश à¤ाई, के मनसूबे बहुत खतरनाक है!
Yesterday nifty closed dark cloud pattern??? anybody pls.
tks n advance
NIFTY OPTIDX Open Interest at 11 -> CLICK HERE
Smita
Can I have your email id?
Thanks
@Sujatha
It was a bearish engulfing pattern
Good morning Ilango sir & friends,
Sir please guide me regarding filter of 20 points whenever JNSAR trigger.
Thanks in advance.
GM friends & fellow boarders!!
suja, dark cloud and bearish engulfing are after trending
conditions. so technically its not dark cloud as
its in range bound in day tf.
good morning,seniors..
Friends ,
Tday JNSAR @ 5594(spot).... filter of 20 pts. applicable tday
or jst long above 5594 levels....tks
Inflation data right now getting cooked in the cooker, Cooker whistling "Araro Ariraro", Nifty is in half sleep.
Sokka sokka polamba vittutankale!! Varum aana Varathu..(ethunu thaan theriyale)
sir ,
after 5645 yesterday, is it looking like 5 wave decline
with wave 3 done, wave 4 going on invalidation 5603
Dear DR!
Tum mujhe khoon do, Mai tumhe aajaadi doonga.
Tum 5400 tor do, Mai tumhe 5100 doonga. kuch Bears ko bhi kama lene do Tejadiyon ke leader saheb:)
@ Smita
Nirmal bang having advance brokerage plans for online
treading. If you chose 2000/- plan then you will get
0.03% brokerage for f&o segment. time period for this
advance brokerage is 1 year and it is refundable. also
check Religare brokerage plans.
@Richard,
I am using ManshiRT feeds.
@ VivekB,
Thnks , but filter of 20 points for a day only or next day too
Piyush & san - thank you. Piyush - probably these FIIs,operations planned to pull nifty below 5540 by next week?? or today itself?? :P
Praba - :) :)grinding here and downside??naan enge poven yarai ketpen, andavaaaa
@nifty,
sir can I have your email id. I want to know about this GCI MT4 software
amruta. two days
@smita, try zerodha if your trade volume is more. Rs 20 per trade irrespective of number of lots.
@Alisha. Thank you so much. We all always wait for your goodmorning
@Kumar Sir,
Bus yehi kwaish hai ek baar mil jaye 5400 - 5100 :)
Ilango Sir & seniors..
filter of 20 points for on JNSAR triger day or next day also?
Thanks.
@Smita,
I paid 9 Rs as brokerage for trading my Mini-Nifty.
This reminds me of RG's mini-trades a year back.
Ahhh! Now where's he gone ? He didn't even say
a good-bye.
@DR,
I have stopped day trading, except for these
itty-bitty Mini-Nifty Counter-Trend moves with
SL of 10-12 points at key Supp/Res Levels.
These narrow ranges in the market makes
Positional trades far better than the Day
Trades.
@prabhakar
is manshiRT working fine today, I am facing some problems
Nifty wanna sing
http://www.youtube.com/watch?v=BdKxt9sLZB4&feature=fvwrel
BN is weak Today
@arvindkering,
Just follow these links...
http://www.marketcalls.in/analysis/free-nifty-futures-realtime-charts-in-metatrader-platform.html
@Richard,
yes, i had some problem with BNF data, now i removed BNF and NF and cash scrips working fine.
Thanks to Nilesh and jmoorthy ,
I was about to ask about Zerodha ..heard about them . I do not
trade in volumes , since this is just the begining
I trade in very small qty , 1 to 2 lots max .
I will call them and get the details
Many thanks
smita
@Richard,
correction above. i only remove BNF.
NF and others working fine.
Alish madam saying...
Dear visitor Today market is start soft note
with flat market position and and it seems that
today market will be rang bound
===
Such a crystal clear view ;)
suja,
i was thinking of asking u. lets see. range shud break
sooner than later.
@ cooldent.... Thanks :)
So yesterday JNSAR triger means today only keeping 20 points filter for JNSAR.... Ok ?
Thanks ones again.
Dear PowerTrade!
Why only Khwaaish, sell 50-60% here with full conviction & rest near 5600. Keep an eye upon stoploss of 5650, 5610-20 will be too heavy this time. Traders dont predict or wish, they always follow the trend which is sideways to down:)
@amruta. and tomorrow
@prabakar
i have the ManshiRT-trader tiger package, I am facing charting problem
in amibroker since morning
Slowely advance/decline retio is increseing.
@ cooldent,
Many thanks.
I read and heard that NIFTY has support @ 5575-65-55-45 and also NIFTY will go below 5550 than it will touch 5485 etc. etc.
Today morning Nifty break all above levels and in 20 minutes time again trading around 5565-75 level.
What to say ? System failure ?
Yesterday EOD - many banks were displaying bearish engulfing pattern. SBIN,Axisbank<Icici Bank, IDBI banketc, including Bank Nifty. Can anyone give an update on how things are faring today? As I have access to chartnexus EOD data only!!
if your vol is less dont go for
cheap br plans there are some other charges
if vol is less ur br will come same
Lots of study material available google
low brokerage (best discussions on trader ji)
ಧಯವು ಇತ್ತು ಕಾಳಗ ಬಂನಿಪ್ಪ ನಿಫ್ಟಿ ಒಳಗಾದ ಕಳಸ ಉಂಟು ಮದಬೇಕ್ಕಲ್ಲ - this msg for Nifty
Piyush - donno today itching is 5494 if u here any sound
"thud" it's me mkt slapping sound on me :)
Kannada - detected to Hindi translation
लड़ाई के कारण Kalasa madabekkalla dhayavu bannippa निफ्टी में देखा गया था
@Kumar Sir,
Thanks a lot Planning to add only at higher levels :)
Nostalgic!
http://www.youtube.com/watch?v=ArcobcAq8Xw
yes suja, 5500 shud be deciding factor.
factoring in 1-2 whipsaw market can reverse to 5700 or
sink frm there
New Post Done.
from where should i get 60 min chart live data
@San,
Thanx for your great charts. I would like
to know what's ur view point on the S&P 500 ?
Is it true that the S&P is going to 1400+ in
the next couple of months ? Most are bullish
as long as S&P does not break 1303 yet again
on a closing basis.
@Sujatha
killingggg Kannadaaaa... :D :D
if its right then NSG need to protect NSE building... :D :D
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