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...
44 comments:
thanks for update
Nifty near crucial resistance levels: CLICK HERE
my god. everyone minting and hence the silence?
The height of "Bad Luck" :- A boy and girl meet last time, 4 their break up girl`s father caught them Now they r married couple.
Bears in JN...
http://static.tumblr.com/xclosbc/V2Xlkbh07/sleeping-bear.jpg
@RAVI
Its mee :) :D
Bears waking up? :)
Hi,
Please tell me the meaning of MP values VAH VAL POC. Could not find it in tech table reading. I mean the full forms.
Thanks.
Yash
@Ravi
The sleeping bear is awakening slowly
Ilango,
is Min target for this wave 5 that started today is 5740?
wave1=wave 5
next wave 5 =61.8% of wave 3 thats 5890
भालू को जगाने के लिए धन्यावाद
Yes PowerTrade Sir :)
Dear Sir
I post comments, its appear than disappear, Hmmm, may be deleted, I did some wrong………….
@ Yash and Dhan,
http://tradeinniftyonly.blogspot.com/2010/03/market-ptrofile-to-sharpen-your-trades.html
@ Manish,
First major resistance is 5745. Only a close above it will bring higher possibilities.
For the 1st time today nifty close below HHEMA & H Pivot.
More weakness below 5655 (HLEMA & H JNSAR)
@ Shabsaif,
Put your views but not your blog's url. That is a general condition applied here except for a few "Established readers".
Ilango,
thanks.:)
Thank you Sir
Dear Sir,
Ok, Now I know…I will not do,…...I just want to show chart (Its easy to show in blog), it was not intentional, and also I don’t have a good blog.
Bharti is weakest from here on for this month.
I have biased opinion, as i today I have made huge short position in it.
Crietrion: Next Thursday after expiry top gainer.
Hi Ilango sir,
If we want to express through image, shall we sent the image to you, after you validate, could you post here.
It will give more confidence for new traders if you validate our steps.
Mahes
Ilango sir,
Please let me know why my posts are getting deleted. If any approval required to post here pls let me know.
Mahes
SaiBhaktji, I have information 'today FIIs buying
Bharti Airtel, IVRCL, Godrej Inds'. Sharing this without
any posn in those!! :)
@ Mahes,
Some posts go directly to "Spam". I do not monitor them always.
"Satheesh" used to post pictures/ charts without a blog, as a google document link.
Mahes,
As master already said, please put down your views here.
Lets not strain him more pls!
Ilango Sir,
I shorted NF @5693, as spot closes below HHema. Please suggest me SL
News: Dayanidhi Maran resigned
@Ravi
Today you are busy awakening bears
Maran Resigned mean DMK is now fully prepared to withdraw support, lets see their next move?
Ilango sir ,
I want to learn EW ananlysis ....I am very new in this field , and luckily bumped into your blog . Have already read lot here about how to approach trading. But still a long way to go for me . Sir can you please suggest a Approach to learn EW ? I have started reading "Key to Market behaviour " by Robert Pretcher .
Sir it is very confusing as to decide on which wave we are in and how to label them . They look so easy in line form in the book , but real time charts are different.Do you suggest to join some professional course on EW?If yes then in Bangalore can you suggest some professional classes , I can join ? to learn this art .
Awaiting your guidance sir .
Thanking you with Regards
@Prabhakar
5740 is the appropriate SL in Spot
@PT SIR,
BHALOO KO THIK SE JAGAO
DMK is expecting this and they will not withdraw
भाई धिक् से जगाओ कही ऐसा न हूँ जाये गलत जानवर जग्ग जाये!
bulls have to add another 35 lacs puts to break 5700
bears. it is a tall order
Thanks for your reply Ilango sir,
I will post my view as you mentioned.
@ Prabhakar,
If you are trading based on Hour TA/ HHEma, then trade between HLEma & HHEma with a range adding 10-15 pts to HEma & deducting 10-15points from LEma.
SL keep 20 pts above HHEma. Since larger trends in UP mode, play for small gains.
Only below 5665 & 5645, it could get more weaker.
Thank you Sir,
Just power came.
@POWERTRADE,
Thank you for your advice.
@ Smita,
Attempt to label the trending moves with 1,2,3,4,5 first. See how you are faring. Often the 3rd wave may sub-divide into sub 12345 waves which should not be confused with the main waves.
Cover part of the book at a time. Just a basic knowledge of EW coupled with regular Technical analysis makes the study more profitable.
Send me a mail with more specific "trouble spots in the studies".
Ne2w Post Done.
Many thanks Ilango sir !! I will do that
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