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...
69 comments:
Good Morning everybody!
Dear Sujatha!
Why scared? Now FIRE & Satheesh also coming in bulls camp, gradually bulls camp may be bigger so tell with full conviction whatever you feel as you did yesterday. You are fond of Sensex and yesterday Sensex made double bottom as of now on daily chart:)
Kumar sir - :) it's too early to say at this stage.. experienced can understand
this is last week HLC 5228.9 4837.95 4905.8 nothing permanent rule in market looks like now. 2 times when open and high was same mkt gone down but today. it's moving up. y i am bullish is another foolish observation - NEW MOON DAY hehe
I wish sir - 4830 closing :D Our master will give
SACHIN OUT @94
Ravi rampaul Ko kide pade, bhagvan use nark me bhi jaga na de :( :(
satheesh - அம்மணிக்கு உடம்புக்கு பரவாயில்லையாக்கும் ஏனுங்க உங்க கணக்கு கொஞ்சம் சொல்லிபோடுங்க இங்ஙன வார கடைசியாக்கும் ஏதாச்சும் செய்யினுமில்லையா
@all,
nifty above HLEMA and LLEMA. Should we go long only DHEma is taken out on the upside for longs? (positional trade)
thanks,
merc9000
ps: i am still learning master's system. any help to newbie will be useful
Good Morning Master and copy to All
@merc,
conservative long above DHEma.
aggressive long above DLEma/DPivot.
My understanding.
golf dude,
it should be reverse what u said is my understanding
@Golfdude: What is your covering price for your longs? Or your
expected tgt for this rise (intraday)
Sachin is out. Bulls should be careful. :)
Mr.ton tona ton
do u have to say anything now?
since last few months you were killing us with your
bla bla bla
Sir - mail sent. whenever time permits. tks n advance
DR ji - :) :)
Prabhat - hurrey change the picture man.. let the "bear" sleep for some time it's soooooo tired of marathon running.
Good morning Ilango Sir and all blog mates
Hi Sujatha
Feeling better now. Thanks a lot for your concern.
@Mynac,
Sharp observation of that Fast Rise. :)
DR sir there is still time left. 5 ODIs still remaining.
Satheesh is "Shark"ing her responsibility of catching those. It seems she is after bigger fishes nowadays as evident from her brilliant charts. :P
Hello Sir & Friends..
DR Sir. There is some typo error in your Nifty SAR level
mentioned on your web site, please rectify that.
A possible rounding bottom type formation is making on 5 minutes chart, if sustain above yesterday's high of 4771 then this formation will complete near 4850-4875. If FIRE is in bulls camp then bulls may start fireworks also:)
@prabhat: I dont have intraday longs. I have conservative longs
from 4650 which i will cover at minimum of 4900 ( 38% ) retrace.
never try to defeat anyone;try to winover him/her.
@Sujatha Ma'm: Pls bring 4825 in nifty & I will change it :)
In the meanwhile, I disguised myself as bull as per Golfdude's
move, wagged my tail a bit & removed it now.
Ilango sir, wht sud be good sl for longs taken today??21 hr sma??
Thanks
@Kumarji,
Till now I am in the "Wannabe bulls" camp. Searching for confirmation. If doesn't come, I stand where I did. :)
@DR
I think Sachin should add a "K" before his name to get over "nervous nineties"
http://www.youtube.com/watch?v=krVkhVBo-VE
@ Fire,
:) :)
kissi ko har ka ehsaas karana badappan nahi hai
Dear FIRE,
I dont know whether it was correct or not but at that
time,13 Min.Ema was trying very fast to cross 200 Min Ema
& Big volume trade was @ 4710 so just asked... out of curiosity
Nifty Rider
Its not haar kaa ehsaas
its the right path
Come to reality,
& dont try to interfere Lord Brahmas department
He hs not given permission to anybody to
predict future.
Double top on 5min Chart?
Master,
Are my comments again getting attracted to its natural abode - the Spam folder? Can't see my last comment. :))
dr sir some ppl take stock market as a gamble.but v do analysis.same applies for asrrology.
one thing is certain that nothing is certain
struggle near 4740ns levels for trgt of 4698 or 4794
SIR,
11.00 AM update plz.........
Nifty Rider
Analysis, trading plan and prediction or forecast
All are not same
In TA yes we do forecast but we have our trading plan
a SL where to reverse our trade, If our forecast goes wrong
Our rule is
No body can predict stock market so we dont even try to
our system is trend following system
we follow nifty and never Jump the Gun.
You said
some ppl take stock market as a gamble
ur 100% right
but 95% people who are not aware of the rules of the game
for them mkt is gambling
and Mechanical Traders treat it as business.
google
“stock market + gambling + business “
this weekend
@Sujatha Ma'm: Happy ..? :)
Dear AshishAg!
Is it same Dr.S K Sinha from Patna? If it is then you have any website details or his contact number etc.? I met him 10 yrs back here in delhi but somehow i lost his contact information, just curious to know about him.
@DR sir, Little typo on your blog?
DRSAR for 25 Nov 2011
48250 for Nifty and 8650 for Bank Nifty
Understanding the difference between useful financial advice and useless market forecasting was a lesson hard learned. Hopefully this article will help you by shorten your own learning curve…
http://financialmentor.com/free-articles/financial-advice/five-hot-stocks-that-could-double-this-year-and-other-useless-financial-advice
DR sir I do analysis based on nos like we do here in case of
market. I know very well that god is supreme like we know
here that mkt is supreme. I was very much close today about
Sachin's Century but God has stopped me out like we also
get stopped out in market. Sir I have always given utmost respect
to Bramahs for every thing in life they give us, but its my
job to analyse the nos of Sachin, I also deserve full right to
be wrong also. I accept my failure in good sense, and go home to
come with more strong analysis. Thanks for your comments sir
but pls dont misunderstand my posts that I challenge GOD's decision ever.
Thanks
SAM
thankx :D
It was 4825
but was not matching with BNF
so make it 4850 :D
@AshishAg,
believe it or not, but my ignorance is not limited to markets alone. I don't know anything about Dr. Sanjay Sinha but would really like to know. Can you send me some link by mail for his work?
BTW, except Prechter & Neely, all the persons who ever influenced me, are written about in the 'Acknowledgement' section of my blog.
dr sir i said "one thing that is certain is nothing is certain"
Triangle/Flat hell. Nobody makes money
but option writers ???
Nnumber Game
Thanks
Plz continue your good Work
@ fire - in 30 min. charts MACD histogram showing any +ve div. (last 8 days charts)
Question to option gurus -
Is writing OTM options ( like 400 pts away )
at beginning of month a safe play ? Especially when
there is exhaustion in one direction.
TT & Chart updated.
4639 to 4771=a
b= wave is on ... choppy one.
Keep retracement handy for good trades.
Yes DR sir I have always accepted failures in past and will also
accept failures in future. Many ppl has made illusion
that astrology and Numerology never goes wrong. Also there
is good difference between Numerology and Astrology, I do
Numerology. We do match marriage pairs based on Boy and Girl's
DoB.
Thanks
@Sujatha,
Even the hourly charts are full of positive div. with histogram coming above zero.
@Golfdude: I have tried out on paper that the below
strategy works:
- When premium is high (esp during start of the month) one
can write out of the money (300 pts from spot) options - both
call & put. Keeping booking both sides whenever nifty
moves 100 pts in any direction. Take fresh position as mentioned
again from the current spot.
Ex: Say nifty is at 4700 now. Write 4400 put & 5000 call.
Now when nifty moves to either 4800 or 4600, you cover both
options wherein one would have decayed more than the one which
would have risen. In case nifty is at 4600 a week later,
then cover both & take 4200 put & 4900 call.
Note: The above strategy works out usually when the options
have high premium (say first 2 weeks of the month).
OPtion experts pls correct me in case I am wrong.
Nnumber Game
I already said Plz continue your Good Work
We know your blog address
& weekend is blog walking day :D
santa rally prediction ( this is just a guess ) -
an ABC as
4640-5045
5045-4840
4840-5245
@DR sir,
Thanks a lot.
@prabhat: Thanks.
imsai, imsaiiiiiii "fevicol" applied :P
Prabhat - angry bull :) but u changed in wrong time??10.30-12 Rahukal hehe :) mkt is not moving :P
good morning friends,
pivot is held till this time.
Gold scary movie? Update
Chart
http://t.co/bjaKvrnS
Dear DR sir & AshishAg!
Thanx for contact details, he is nice guy & i will talk him later.
Just for fun..
http://4.bp.blogspot.com/_131dsm4xhS8/S8X_yHlIO_I/AAAAAAAACwc/1I-nhaVSqkQ/s1600/bull_nad_bear.jpg
New Post Done.
SIR JI,
if possible please give us a write up
on "where to start counting of waves"
with respect to intraday-tf=5/60 mts and eod
during this weekend or at any suitable time
OR give us the link that will help to
educate us on above
thanks
Post a Comment