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....
-
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...
50 comments:
Reposting..
@DR Master...yesterday at eod analysis u told about pulse of BN...How to find the pulse of Nifty...
Thank you Master in advance..
today the houly, daily and weekly pivot are almost same
at 10am
Ilangoji,
I second the request made by Bala y'day for a brief
writeup on fast rise/fast fall setup..Hope you will find time.
Suresh
GM Everybody
gap filled.divergence wid uk and us market.
Master ilango,
It is also my request for a writeup on fast fall/rise
setup when free EOD.
Regards
@Ilango
5093 is the hourly pivot, 5 DMA and tomorrow's
developing pivot....can we assume intra weakness below
this level?????
H-JNSAR triggered. 10 pt loss previous trade
( 5091 short, and prev hour close at 5101 ). Note
that this is assuming no money management. With
minimal MM, this trade also would have
been profitable.
Good morning all... looks like b is over and c down towards 4944 started???
GD & prabha
Visual Analysis: A form of analysis that utilizes charts and market indicators to determine market direction.
It comes with experience :D
Namaste ilango sir and friends,
Today's Quote received :
When u want more time to take a correct decision
Just remember 'Even a correct decision is wrong when it taken too late..'
Time is the key....
To realize the value of ONE YEAR, ask a student who failed a grade.
To realize the value of ONE MONTH, ask a mother who gave birth to a premature baby.
To realize the value of ONE WEEK, ask the editor of a weekly newspaper.
To realize the value of ONE DAY, ask a daily wage laborer with kids to feed.
To realize the value of ONE HOUR, ask the lovers who are waiting to meet.
To realize the value of ONE MINUTE, ask a person who missed the train.
To realize the value of ONE SECOND, ask a person who wrongfully ended his best relationship.
To realize the value of ONE MILLI-SECOND, ask the person who won a silver medal in the Olympics.
NF O.I. on lighter side ,still not that much roll over
in Nf and since morning Nifty trading well above its intra
resistances.Indicators does not favor that much for any
big fall from here.
It wont be surprise if Nifty shall achieve much higher
targets today.When and if Nifty shall start to trade above
5100 firmly,then it may force sellers to think over their
strategies.There are just last 5 trading days left for expiry.
Let us see. Till then bye everybody.
P.S. Today's Big volume trade @ 5084 which is not as big as usual
means Bulls have still reserved "emergency energy".
Let us see.
@ 5102- its 61.8% retracement.
Intraday charts requires a little cooling off.
Europe and US futures are trading in -ve.
sir- if current prices susutain till 3 can we expect Day lead indicator to cross 80 again?
if yes then i guess, it will be extremely bullish.
@ Ramcharan,
When week lead indicator is up and day lead indicator turns down along with a close below 5Dema, you need to look at the "follow up" as well as Hour lead indicator to manage the trade.
In a good trending move, the lead indicator turns up again, provided the close is above 5DEma & preferable above 5DHEma-for momentum.
I mean futures.
NS at 5109 current week's HEMA
Yes sir.will do. thanks
10 AM close above DHEMA. In my experience, whenever it happens coming from below, it shows that bullish undercurrent is stronger and no big fall can be expected on that session at least. Naturally, "wrong" is my middle name. :P
Gap filled.
a thud sound has been heard in copper
@FIRE
Please solve this puzzle...
Is market on fire or "FIRE" on markets ? :D
@ramcharan,
it is called negative divergence in 5d (day). it wud be
bearish. pending price confirmation.
@DR
Since copper precedes the NIfty...a thud here as well??
DR Sir
You mentioned that TA looks at OB/OS and then makes a trade ~ Sell in OB and Buy in OS. I wanted to ask you back in 2008 when the market used to fall intraday 300-400 points on Nifty itself and then reversed how did you use to manage those ones. Then i suppose the OS levels would have sustained for quite some time even in lower time frames. My specific question is that yesterday i initiated a long in TCS at 1040 looking at the highly OS levels. Then it went down further to make a low of 1022 triggerig my SL. How should a trader trade. Should i have reopened at a lower level or waited for a divergence. Would really appreciate if you could help.
PS: yes. we just touched upper BB again in 30 min charts. lets see if we correct or not.
@AJ,
LOL...
The market has drowned a lot of fires like me...
Nothing but Nifty Sensex both filled the monday's level. (close) profit booking is safe.???
or another 100/150 pnts pending in sensex??? :P
@ilango sir,
What is the purple/violet number in premarket view
table under Aggressive trade ???
Monday open -5156.20
& 5168/69 are strong resistances
for today.
pdd
5130 is 80% retrace lvl &
that is to be watched.
pdd
AD
read posts once again
with emphasis on word Momentum
Indus
Im cautious
@ramcharan,
i am not saying markets have to correct. i was just
telling abt the setup of negative divergence.
@FIRE
We can manage to "float" as long as we have fire in our belly! :D
@ GD,
Though Day's pivot is 5035, I have taken 5055 considering Tuesday's HIgh as well as +ve global cues and the same is mentioned in "PINK".
5090-5110 (Red) is resistance and if crosses that the next resistance is @ 5130(Pink)
5005-5015 (Green) is support if 5055 fails and below 5005 - 4990 last support (Pink).
Thanks DR Sir and i guess spotting momentum pickup/decline would need training and experience
@bhavesh. Its different.
Formula for jnsar.
everyday morning log into http://tradeinniftyonly.blogspot.com
DJNSAR continues in buy mode since so many days - Those who are watching
only this signal are in peace!
since 30 minutes,
no new high is seen.
if not croseed,
5097/5081 is to be watched.
pdd
@bhavesh, You will only get the value for each day. Not the formula.
PS: yes i got that. Thanks.
Bhavesh, cooldent has given you exact link.
Nifty near range Top: CLICK HERE
@ilango sir,
thx
san ur chart and ur explanation of it is simple n superb.i admire it
Thanks nifty rider
New Post Done.
I have a question.... the europe futures on forexpros
are showing -ve whereas those shown on cnbc awaz are +ve
which is right?
Post a Comment