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...
64 comments:
Kumar sir - thanks. yeah..vice versa for "Uplevel" i forgot to add yes no hurrey following sir's rules :D
Mishraji - this is good one i laughed from my heart..without giving any level "only the matter" ha haha but it's not possible for me in EW hence staying away :) :)keep coming
November 28, 2011 2:14 PM
4th wave normaly breaks the trendline.
I am keeping SL of 4870 (near to last week high)
@Ilango
If we close above tomorrow's JNSAR of 4918, could we
open longs???
GREAT DAY !!
Nifty spot above day high ema and month low ema..moving
towards week low ema
near wkly r1 4843
next is 4863
:) Thanks Sujatha! I come regularly and keep
myself updated about mkt from JN..
JNSAR will trigger at 4850!!!!!!
DR Sir,
We MISS you.
@Master: pls confirm.. in case nifty breaches 4850, we go long .. right?
@pcsmitpraji! See the above chart.Don't loose your hard earned money.If I am hurting you, forget my posting
All minor resistances broken, now only 4850-55 remaining. Momentum favouring bulls so they will try to give more pain to bears:)
@ Indus,
It is really very tricky when JNSAR does not hit and
we close above the next JNSAR. I onced jumped the
gun and it back fired. If JNSAR hits today that would
be the best.
@Yash...agreed...thanks
@Ilango...........your inputs are very welcome
enough is enough. mkt looks like taking cue from
dow fut which is +225. i am at this time selling
call 5000 dec @ 212 levels.view is that mkt will crack.
@pcsmitpra,
Follow JNSAR system. No need internet. Just one figure with SAR of 20/25 points.
if mkt starts downward journey. around 4820 level .
i will sell 1 lot of c5100 dec @275 levels.or lower
upto 260 level.
Friends,
Remember what Ilago sir said:
http://tradeinniftyonly.blogspot.com/2011/11/nifty-reached-earlier-cluster-point.html
How do I plan my trade...?
Take the JNSAR number and plan your trade with it. It can't get simpler than this.I have shown it in the pre-market table. Can you get dumber...dumber...and then see all those riches.. Stop the chatter..start hearing those money jingles.
If you are not holding your "Shorts" created @ 5275NF, wait for the next signal or next re-sell opportunity.
----------------
NS is at 4841 while today JNSAR is at 4850 (I'm not sure if NS has already touched JNSAR or not, please confirm).
@Indus
Why u r doubting?
Its quite simple and easy when JNSAR hit cut ur short and go long with 20-30 pt sar for intraday. Sorry 2 say master have many other work to do, other then answering our useless question
@Buzz
Nifty spot high of 4848.55
@Jiggs.....I am sure Ilango can speak for himself....
and there is no such concept as a "useless question"
@Buzz: That is what I am trying to follow. Master's teachings are so simple. Currently we are on a upmove right since nifty held 4700 (since yest). The lead indicator chart is not showing any reversal as of yet. So I wonder why people are talking about shorting while JNSAR Is just 10 pts away. Master has taught us "dont try to swim against the tide, more often you may end up drowning than reaching the shore".
Mishraji - :) :) nice reply . sensex showing not much good sign soo,,, sooooo
From DR Saab I learnt this:
If JNSAR is long, and if you are not long, atleast do not be short!
@pcsmitpra,
If I was out of station, I will inform my broker like Buy above XXXX or Sell below XXXX with SAR of 20/25 points. and I will follow him on phone. Try this method if your broker can do it.
PUTS KHARID KAR AARAM SE SO JAYE. DONT WORRY FOR STOP LOSS.
4150 IS TARGET FOR DECEMBER SERIES.
Sir,
Shall we consider +20 filter with JNSAR.
J10 @ 4858
Pankaj Shukla said...
PUTS KHARID KAR AARAM SE SO JAYE.
Mr. Shukla it would be better for forum if you
implement this yourself.
@pankaj shukla,
as per ew experts , in the worst case , nifty may reach bottom 4478 !!
Does anybody trade the Sensex futures ?
Which broker allows a trade on the Sensex
futures. I just the price quote for
Senxes futures on NDTV Profit, so I am
just wondering.
Is DR around to answer this for me ?
Indus said...
@Ilango
IN your writeup on JNSAR, you mention to take the
trade only ONCE when triggered....however, in your
subsequent comments, you have mentioned a 20-30 point
stop and reverse strategy.....what is the strategy
you favour???.....please clarify when you get some time
November 28, 2011 12:38 PM
What is this? Is this useful?
@Jiggs
Mind your own business....i did not ask you the question
@sam,
I BOUGHT PUTS OF NIFTY, HERO HONDA, AMBUJA CEMENT, TCS.
AND NOW SLEEPING.
Bye.
Best Wishes.
Dear Indus!
Behave properly & maintain the decorum pls, Jigs was not telling anything wrong. You are also a seasoned member then why this?
@indus
Hey man i told you, master have other work other than answering our useless question, you have answer of ur own question than y are seeking attention? Y you want master must replay?
JNSAR hit.
4850.60 NS...Is this enuf for JNSAR trigger. Anyways, I covered my Shorts for now...waiting for a dip to go long.
nifty - NDTV and ET Now also showing Sensex futures as our "mynac" knows about this well i believe previously he replied to me in this issue. Ask him why not preferred "sensex" there is worth a lot to read his reply. Really i forgot as i asked this Q very long back. If he posted even i too will get something
Those who have taken up long position on JNSAR trigger, keep 4830 as a strict SL for today. Any weakness till 4830 would imply:
a. close the longs taken today
b. open fresh shorts and keep the SL for the shorts at 4850+20=4870 for today.
Seniors, please correct me if my understanding is wrong.
JNSAR HIT and hold there for more than one minute time.
So time to take jnsar long
JNSAR HIT :)
@kumarsir thanks.
@ilango sir
My intention was not wrong, i answered him cause he is asking, what he already knows but wants ur answer, if i done anything wrong than i am sorry sir.
Looks like a B&H close scenario ( buy and hold ).
Above 4824.
Whenever the trade is saved(!) just by a touching distance, it will for sure break the SAR number next day. Eg, if JNSAR is 4850 and if we return from 4848, mostly JNSAR will be triggered for longs tomorrow.
Indus,
Ofcourse, nothing is “useless”. But if sun is from east means that’s it! How many time one will doubt that?. JNSAR is hit means that’s it! Reverse shorts to longs without a doubt. I hope this is what jigs meant. If you don’t want answers from members here, you will obviously lose the interest to stay in the forum.
Pcspramitra,
Your trade is failed not because of “No internet”. Even if you had the internet, you would have failed. Many times Ilango and DR has mentioned here that buying options are not for first 2-3 weeks expiry. That is naked truth. Most retailers with a pocket money cannot make money in the first 2-3 weeks. You are still doing the same and meet the loss. If you have less capital, stay with forum and only learn till you have capital to trade at least 2 NF lots.
Buzz,
On dot on JNSAR trading.
@Buzz,
See your point(b). I think fresh short below 4830 with SAR of 4850
pcsmitpra,
pardon. I spelled your name wrongly.
3.00 PM UPDATE PLZZZZZZZZZZZZZZ
A 2 paisa observation...
One good example of divergences being so
misleading has been this fall from 5300. There were
3 occasions on 30min chart where there were clear
pos div and yet market kept going lower.
Joke time
Friends
In this whole universe what rajnikant do not know?
Kumar sir 's 3rd target :-)
Mind it
Nifty close above 4820....
Kolaveri target 5020 as of now...
GD - u r right :) my 1 paisa observation
Now too will happen?? "ulta" showing sign of bulls then.....? check 30 min. chart RSI/FSTO/SSTO all @ high for trapping bears or bulls?? huh..no worry i booked out :)
Jigs :D
@jigs: Lolllll
@Kumar, Jiggs, Nanji
I welcome all inputs and corrections...however, I find
absolutely no need to demean any member of this blog by
first stating that the input/question is useless
Let us give positive feedback!!!!
Carry over longs to tomorrow?
@Experts: I usually take positions not when JNSAR is hit, but only if it sustains the JNSAR for atleast 5-10 mins. I keep observing the volumes traded & NF premium/discount variations during this period.
Reason: To avoid whipsaws & to only be sure that it was not a momentary touch/break.
This is one change I applied to what master taught us.
Disadvantage: I may lose out on some profit as I might enter the trade a bit late (price increase/decrease for the 10 min duration).
Advantage: I get into a confirmed trade. A confirmed trade is much better than a trade which I am not sure off before identifying the trend. A small cut in profits is much better than ending up with whipsaws.
I am only an ant in stk mkt. Rest is all upto to seniors to guide me.
If ivth wave got over at 4856.. c has done exactly 138% of a of iv.
If so,we should see v unfold tomorrow...
for me Clear Buy and Hold
because..
JNSAR hit and
Above 4824(DHEma) & above tomorrow's pivot
next resistance will be around 4880/4910
Bye Sir and all blog mates
Prabhat,
If you have a trade book, calculate the difference between amount saved by delaying the entry and amount lost due to late entry. It could help all.
@Nanjil: I have not calculated it yet, maybe I will start from now on & submit the report.
But as a person: If there is trade1 with huge profit & 30% loss probability & there is another trade2 with a very small profit with only 10% loss probability, then I always go for trade2. For me, not making loss is more important than making any profit. I am such kind of trader. I have learnt lessons the hard way by losing out lacs of rupees. But now, I make bigger profits than losses due to my this approach of trading. Many may call I am a fool to do so, but I feel I am matured due to this way approach that I have developed.
Friends, I have written about an excel based trading system last week, the link for latest version of the same was shared by a friend. Those back-testing that might have been frustrated by today's signal. The better version that I have been backtesting is 22.1. I will upload that file
and provide the link here. I think Nishant
has removed his links after sensing that
some people are marketing that in their names, but he meant the same to be used by small traders freely.
friends ,wt i observed is 5100,,5000,,4900CE oi has increased in last half an hr indicating writing.at the same time.4800 pe also gone up.so if there is gap dn or correcton to this rise.we could enter again ay 4820 lvl that will suit tomaro jnsar
Today's signal was "NIFTY 29-Dec-11 4873.50 LONG LONG @ 4773 S/L 4753 Target 4808 100.5" and the link is http://www.4shared.com/document/f1U96zeq/NISHANT_TRADING_SYSTEM_FOR_NSE.html
just to remind warning from earlier posts from seniors. Wait for End of week closing before taking longs.
Quote
Until week close is above WLEma, trade the longs cautiously.
Unquote
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