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...
53 comments:
GM Everybody
sujatha,
let us also have some milk in the bowl
sujatha sis,
hv u covered.
added long or want to short again at what lvl.
me created little long.
pl share ur views.
regards.
Sir
GM
@SR GM
u still on -ve side unlucky me not having you on my side.
@Mynac yesterday biggest intraday vol. @3.29 @5254 more than 3M so I think shorts booked
I am also going long here with D-JNSAR as SL -5210 for a target of 50 pts+
Dear Bhavan,
Yesterday,The last minute price 5252 for Nifty spot was
discouraging,nevertheless I was slightly hopeful,but since
morning as it is unable to cross it,and as JNSR has
started to catch up current price,I have give-up the
efforts(?),quite early in the morning.:)
Thanks Sis
http://www.youtube.com/watch?v=Jbp6oujbmWs
http://www.folknet.in/SS2008/html/images/Krishna/Lots%20More/Wallpaper/Sri%20Krishna%20Janmashtami2011/048_Sri%20Sri%20Radha%20Krishna-chandra%20on%20a%20flower%20bedecked%20swing.jpg
On the contrary now any move towards today's top would
be good opportunity for players.
Generally what happens that Traders are not used to see
this kind of price movement after certain xyz up-move so
they become hesitant to trade @ lower price and their
general tendency becomes to go long only, instead.
One must realize and respect the price only is the
funda...:)
"5210" is the channel support/ JNSAR along with +ve div in 9hr/ 14Hr Rsi - the last hope for bulls.
Revise Shorts SAR to 5240.
gm dinesh sir & ilango sir....& to all seniorsss... have a good day
@DR
I do not trade BN but BN JNSAR nr long JNSAR?or sht triggered
Dear Sujatha,
Unhappily yes.because JNSR has started to galloping,
So probably here and there some rallies would be there,
but how meaningful it shall be ?? Not quite sure..
Ilango said...
"5210" is the channel support/ JNSAR along with +ve div in 9hr/ 14Hr Rsi - the last hope for bulls.
Revise Shorts SAR to 5240.
@Ilango sir does it mean to revert position to long at 5240?
Ilango sir does it mean to revert position to long at 5240?
normally prices should be given PRIME MERIT but the summit begins today Hangsang recovering from low and uncle DOW good upmove yesterday also we will be having a trading holiday on 7th which leaves us only one day that is tomorrow before the summit ends and the bulls or bears may bring in the prices near Hawala to increase/reverse their positions till today till EU opens
When expecting up-move..
Absolutely no writing evidence in 5200 PE..
It is surprising at this moment..
just as JNSAR is at 5240 10 day POC also @5242
What is hawala price i have read it many time here in this blog.
Ilango Sir.
Revising short SAR meaning not clear - please explain.
5229 NF and 5191 Ncash is the hawala price and thats the
value of the last settlement.
Hello Sir & Friends...
SAR Means Stop and reverse. so 5240 hit and we going long covering short
Real Pilot
I think trailing the stoploss from 5255 to 5240
thanks maninder
@ SAM,
I generally keep very tight SL and revise them too.
Yes. Since we are talking about SAR trades, if stopped out at 5240, you then take long.
@ Real Pilot,
I have initiated a JNSAR short trade at the open @ 5260NF(5240NS) & kept 5255 as SL(Day pivot/ ORB High); this SL has been revised to 5240.
If you wish to give your shorts little more room, you could keep the original SL.
Dear Sujatha,
In Marathi there one proverb,
आता जेव्हा आत्याला मिशा येतील तेव्हा,मी तिला "काका" म्हणायला लागेल,
तो पर्यंत माझ्या साठी ती "आत्याच"
Means
Now... when Aunty will have mustachio,then only I will
start to address her "Uncle",till then she is just Aunty for me :)
Mynac
Lolz
बुआ के अगर मुछे होती तो वो फूफा बन जाता
@ mynac - i translated in "tamil" hehe :) அத்தைக்கு மீசை
முளைச்சா சித்தப்பா. good one really :D but y i am like this?? if watever it is up or down "adament" type :P
unless my SL hits
Dear Sujatha,
I am also A Very small Player,but as Dear Ilango
mentioned it in pre-market view about 5285..I became cautious.
Dear Dineshbhai,
very nice.. means this proverb is "OUR INDIAN" proverb.:)
GOOD MORNING SIR,
Sir Cant We count this fall from 5400 as 5 wave
pattern of corrective wave A in hourly chart?
Nifty not breaking 5230 :( . Me not happy wearing bear
dress today. Bhagwan kuch kar, mkt ko gira. :)
BN made new low...
Good. I think whenever I open my mouth, nifty falls.
Just kidding. Anyways, I covered my puts which I took as
per master's advise. I could have held, but due to my
office work, I could not sit with tension keeping my
positions open. Get what you get & get out. :)
bail Plea of accussed rejected in court..
i dont no if this is to any importance to Nifty but i saw it sliding 10-20 points after the news...
Thanks, Ilango Sir.
GOOD MORNING SIR,
Sir Cant We count this fall from 5400 as 5 wave
pattern of corrective wave A in hourly chart?
sir, some body telling nifty is tgt 5500 is it posible plz. guide me
@Ilango
The 11 am TT update please
buy here with 5210 sl
Master ilango seems to have gone somewhere so no updates
at the moment
S1 is 5210. s2 5162.
trading below pivot & orb broken downside.
europe is red.
hangsang started falling.
lower top lower bottom in nfuture.
@ Samvrudhi,
Nifty could go to 5525 as well as go to 5075. But how would it help?
If you had known this when Nifty was @ 5100, you could have gone long OR when Nifty was @ 5400, you could have gone short. But now it is at the middle point... what should be done? Write 5100PE and 5500CE whenever Nifty is oversold and overbought.
Nifty-Trading View: Trade short below 5210 spot, SL: 5230 Spot, Tgt: 5190 spot...Karvy F&O Desk Hyd..(11.48) - 11:48:16
looks like karvy also has an eye on jnsar :)
GOOD MORNING SIR,
Sir Cant We count this fall from 5400 as 5 wave
pattern of corrective wave A in hourly chart?
sensex s1 is 17330 & trading below it.
New Post Done.
premium is almost intact around 25 pip.strange
cash will catch future or vice versa?
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