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...
40 comments:
bank nifty supoort arround 9705 as par dailey volatiity..1.77 ..9881.6*1.77/100=175/... 9881.6-175.. come around 9705..ty
ambuja cement is going to start 3rd of 3rd down.
free fall coming.....................
so much confusion, just see nifty chart above around middle line...
not seen like this before...
Trading below D-5Ema ( 5263 ).
Pankaj/Saibhakt making a comment is no big deal, but
making a responsible comment that can help folks who
track this site is a big deal.
What u are actually trying to say is go short which is
fine, but do not make drastic circuit comments. No
trader trades for circuits. If it happens on his side
of the trade once or twice a year it is welcome.
PS are you nuts ambuja cement is making 52 week high and you are saying 3rd of 3rd down.
no shivan ps is right he is watching the charts TOPSY TURVEy
A leg : 6339-5200
B was triangle between 5200-5940
C (i) was 5700-4700
C (ii) is going on from august low.
C (iii) is going to start.....
http://1.bp.blogspot.com/-BIuhCFD2Yls/TrjPqjdMAlI/AAAAAAAAAOA/0Ciq_rR39mY/s1600/niftyintra.png
looks like wave 2 down over (zigzag 5-3-5 ) wave 3 to start?
pankaj sahab aaj shayad nashe mein hain ...
http://www.stockmurga.com/ambuja-cement-perfect-example-of-bull-trend
sir,
please allow me to discuss something. today is 2nd day
after jnsar trade so filter applicable.
u must have percived the continuing of correction frm
5326 and maybe its ending during the day. so u advised
to remove filter in 2nd half. but it looks that u
now have removed during correction only. is it
change of plan. or some new observation?
STBSTB
If you dont mind plz use nick name
sometimesbullsometimesbear
thoda bada hai
Husband to wife
Jaldi Shirt press kar do - Nahi tow
She does it quickly
Husband Jaldi Breakfast bana do - Nahi tow
wife gets afraid cooks best breakfast
Husband Jaldi Pani garm kar do - Nahi tow
Wife is fedup
Nahi tow Kya?
Husband Nahi tow mai thandey say nah lunga :D
@pankag shukla
can u label it one level down. i cant get 5 waves
of ur triangle
Hour channel support too @5250 for this hour. Increasing by 1-2 points every hour. Coinciding with JNSAR.
Hello Ilango. Sir,
Observation- recent stops at JNSAR and Reversals were quite rewarding.
PUNTER'S CALL
http://www.sharekhan.com/CMT/Upload/NewsLetter/Report/Highnoon-Nov08_11.pdf
always appreciate good comments and be silent on rest
Quote of the day
and reward goes to
Ashutosh Agarwal said...
always appreciate good comments and be silent on rest
jaijinemdra prashantbhai
ketla divas nu backtesting daily volatility thi karyu che prashantbhai? ane success ratio shu che prabhu?
@ PS,
You could label the fall from 5400-5201 as a 5 waves and a corrective upmove is unfolding and could target a bit more than 5326.(Red)
You could also label it as a fall from 5400 to 5207 as abc and a corrective "abc" is completed @ 5326 and the next part of "abc" down may be unfolding.(Green)
These are the two scenarios at work.
Now with the week at "OB", any upsides has to happen soon or else the correction could get deeper.
We have 20sma(5145+) and 50sma(5040+) as two possible "reversal points depending on TA positioning at that time.
Deeper corrections possible only on a close below 50sma. Similarly 5520-5620 are possible only on a close above 200sma(5397)
I followed S&P yesterday, and Nifty action seems
to be like a copy of that. If it breaks below
5260 then it becomes different.
jay bapu jai jinedra..... back testing 1 month nu karuche che... 300 point aavya
thank u sir
Om Shanti Shanti Shanti....
GA sir and all :) Looks like all gone for "lunch" without me :D
Brother - G-20 summit, petrol price hike, Chinese troops in POK , etc, etc., let all die it’s “natural death”:) need more powerful tool than “angela & sarkozy story” hope let it be by “fed chairman” :D If vtouch atleast for an attempt of 5360/400 means what will be the offence?? Truncated week – can expect only “RB market”. :P looks like one "upmove pending"??? BN almost 9700 levels good lower support :)
Testing the hour channel boundary@5256.
@Ilango
IN your comments earlier today, you mentioned a probable
buy below day low ema.....yet JNSAR would have triggered
by then....a little confused????
@DR Sir: I also have SK account. But, where are you getting this intraday report?
Hello blogmates
Is there anyone following Ilango Sir's trading strategy
"channel breakout combined with MACD trigger"? If anyone
is trading this consistently, i would like to ask some
questions. So please let me know.
prashantbhai roj sodo made che ama ke pachi sometimes only and what is the success rate in % terms?
Another golden ratio done @ 5284.
Above 5295(80%), further upsides.
@ Indus,
I repeat: Once a close below DHEma is done, the trading mode starts towards DLEma less 20+ points and DHEMa+20+ points. It is so sofar..
If you are inclined to just positional, do not mix up the intraday trades.
Markets spend 80% of the time in "Trading mode". For traders who would like to extract something out of those 80% time, a different strategy. This adjustment should be made mentally...observed in the markets for a while and if comfortable and understands the T/F of such trades, then use it.
A bullish pennant? With breakout above 5287 now? Sujatha may get her move then. :)
From 5326, each upmove retracing exactly 61.8% of last fall.
oh, Master already said this.
JN family's lead indicators Sujatha &(5,3,3) never fails.. :)
Symmetrical time suggesting correction of the last rally is taking triangular pattern.
Prabhat
go to thier website and subscribe it
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