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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
88 comments:
@Sujatha ji
noted :)
Seniors,
Is JNSAR triggered?
looks like today JNSAR-20(4800) is triggered.
Can you confirm?
@Ilango Sir as JNSAR short 4790 is triggered.... what
would be part booking area we have to watch for?
kumar sir - give me the gap area pls. just stone throw away distance.
JNSAR triggered....21 hrsma at 4785
ashwin kumar said...
Seniors,
Is JNSAR triggered?
looks like today JNSAR-20(4800) is triggered.
Can you confirm?
If you read Sir's comments carefully it is indicated
by sir that JNSAR is placed at 4790 and it is triggered.
http://www.forexpros.com/indices/indices-futures
Only the US SP VIX can beat Nifty...down 1.5+%
when no other indices even comes anywhere close.
Dear Cooldent!
Ya, Malyalam.....her small teddy bear hitting beaten bulls so "Nyan evide pokanam"?
Ilango sir, I am sorry, but this is an unfair statement from you:
---------------------
Buzz said...
I have never seen JNSAR being triggered so many times in one single day.
Is this an indication of something really really big coming?
Our Pankaj Shukla has already painted a very scary picture...
November 29, 2011 1:43 PM
It has not yet triggered our JNSAR less filter . . not even once.
Why this confusion...?
---------------------------------
because you said this:
---------------------------------
@ Bizagra, Indus,
The filter adjustments should be best left to individuals.
Last hour Nifty held 4833, Monthly Low ema. This number will be keenly fought till tomorrow, month end.
---------------------------------
An individual you has not chosen to apply filter on JNSAR has been hit 5 times today
satheesh,
4788 low.
4790/95 achieved.
4757 5 dsma is under threat.
i still remember illango sir saying on friday that monday would be a golden oppurtunity to take shorts..
will that work out??
i hope so
kumar sirrrrrrr :) :) endha saaree malayalam samsarikkunnu??kannada ku banni sir mathadana another 30-50 pnts NF is enough for me will it?? :P becoz 2.30 factor picture abhi bhakki hai??
Dear Krishna,
Please pardon me, but that is a matter which concerns Master and me.
I have never felt Master being unfair. So please leave the matter.
one must try to take jnsar long combined with oversold conditions hrly charts and vice versa, whipsaws will be there in every system one has to learn to live
with it. :) jnsar is an important number so lot of adjustments take around it.
@Sujatha Ma'm: Kindly tell me if you are dressed as bear
or bull today? I am confused & see you as half bull & half bear.
Sujatha mail sent
Ilango Sir's message earlier today:
Yesterday's intraday low was -4792 which produced a 70 point rise has been taken as JNSAR with filter today in Pre-market. However, the warning given that a "likely whipsaw" has not been taken into consideration for trading for the day.
@Krishna You first try to understand.... when someone
asks a question abt filter ... Master Said that its
individual's choice. But as you can see in the premarket
view it is clearly stated that JNSAR 4790.
And if you are following this blog... then you may know
that when Master Feels that Filter should be removed
he many times informed us through his comments.
4786 is 80% retrac lvl of 4866/4766.
@Number game
Plz send a test mail to me,
jigusjaan@gmail.com
Those who are disheartened or can't wait for the magic year to come can subscribe to my "kundli manipulation' premium service!
@Rajapaji
Hi, welcome back, your old avatar can be saved and uploaded again in your new profile. Link below
http://1.bp.blogspot.com/_0HXArT6h2wc/S8WawgXXIOI/AAAAAAAAAAM/1Iwb-DmEbkQ/S220-h/rowson512.jpg
Grrrr...... nifty is grinding me to dosa batter today.
I am confused to go long or short. Applying my customisation,
JNSAR did not trade for 10 mins under 4790. Hence I have
not yet gone short.
Bizagra: JNSAR short triggered @ 4790?
Dear Sujatha!
Illa thumba jyasthi ayithu, Kammi madi kolli:)
Thats Good one AJ
"kundli manipulation' premium service!
hahahhahahha
@SAM: Are you in JNSAR short below 4790?
2.30 picture started.
nf may come below 4780.
Master you told that monday is a golden opportunity to take shorts.So we should keep shorts open before monday or it better to open shorts on monday itself.Regds.
@SAM
Aapki 'K'kismat ab aap ke haath mein hai!
Can anyone pls tell me how to convert the EX4 in GCI-MT4 file into notepad
or word format.
JNSAR triggered long Go Long JNSAR triggere short go short so much confusion. for last 2 days i have been losing. i think it is of no use following the system. I am openly declaring i am at loss whereas others dont.
Prabhakar said...
@SAM: Are you in JNSAR short below 4790?
Yes I do.
im long based on ilango's JNSAR
till not trigger 4790 :)
@number game
Google it.
Mail sent
@SAM: Thank you
@air-sanjay
4790 triggered
number game
Can anyone pls tell me how to convert the EX4 in GCI-MT4 file into notepad
or word format.
u must click on metaeditor and then copy past text on note pad or word
@vijikrishnan
Dear why are you listening all, i am trading with JNSAR nifty and banknifty.
Sir giving us daily number in pre market, when needed filter than with filter or without filter.
Just follow that nothing else
Prabhat - where i mentioned bull donno - replied to hitendrathat 4900+ take it 2morow as "i will be absent' for 2 days :) no probs. depends upon today's close donno i am "teddy bear" or Big bear :P
Nifty intraday update: CLICK HERE
A system which gave more than 500-600 from 5285 in shorting within 10-15 days, people are crying when its taking back hardly 50 points. Its not the weakness of system, its lack of conviction of followers. Every system gives its best picture at closing time so why not waiting for 3.15pm, why jumping in between and if jumping then follow 20 points rule religiously and avoid crying. SAR is SAR, dont mix it with other systems.
kumar sir you are correctly saying...
Now do we revert back to Longs @ 4790+20 = 4810 NS
or is there any change to this. TIA
@ Kumar sir
Hats off to you sir.
JNSAR back to Longs again. 4790 + 20 = 4810 crossed.
@Nanjil: If nifty closes today @4790+20 with my 10 pts filter
, i.e above 4820, then my customisation of JNSAR has saved
me a whipsaw of 30 pts loss.
There are no absolutes in stock market. I remind this to me
every time I take position. why blame any system?
kumar sir,
well said about sar. few trades may trigger stoploss , but remaining trades give you very good profits.
JNSAR at 4820
4790 lower range(4820-20)+(-10 as sir described to match the y'day lows)
4840 upper range(4820+20)
nifty broke 4790 for few seconds.
there are two ways of taking trade on this (individual choice)
1. some initiated the trade strictly on break of 4790
2. some would like to see if it sustain below 4790 or is it just a whipsaw.
if you are the first type of trade then keep SL of 4840 and if triggered then no trade for today.
if you are 2nd type then you are still in trade with Long position.
Hope my understanding is correct
is it inverted head n shldr pattern on 30 min chart ?
Sir,
With due respect to u n seniors...
To most newcomers, including me when i Started, following JNSar n learning to deal with whipsaws took lot of time..it would be gr8 if u could let people know how to tackle whipsaws in more detail.... as GD observed, it mostly does happen in 4th waves...
N I guess with the popularity of the blog increasing... the filter should increase since there is a lot of action around that number so even with a strict filter, one can end up getting whipsawed!
Many types of followers.
1. 1 system, blind follow= sucess.
2. combine 2 or more with judgemnet= sucess
3. combine 2 or more with doubt= (guess)
4. hope and jump for a better system= (guess)
5. stand in front of bullet train = heaven
6. do not do anything, watch n enjoy = :) and :(
why all breaking your head with 'JNSAR POSITIONAL" only???OPEN YOUR EYES and see the "TT" which giving good trades. can't u short @ week LOW EMA or Day high ema nd cover @ lower level. Always one system can't give 500-400 pnts up or downmove then v all will be in "FORBESLIST". sometimes trading market, sometimes positional stick with ur plan. often posting JNSAR upside hits, downside hits no use that's the news only
*6 = Window shopping
Sir pls update 35hr chart..
is it below 80?
Kar etbaar = daulat beshumar
1 is alone (without experience)
2 is company (with experience or Master)
3 is crowd (noise)
I don't know about you all. But I am totally
confused with 2 JNSARs floating around.
One is 4790 NS (which is what I have followed)
and the other is 4820 NS (which I have completely
disregarded as Ilango sir himself had suggested
earlier)
So when 4790 NS broke, I went Short. No worries
here. But when 4790 + 25 = 4815 NS broke, I
have reverted back to Longs again. So far so
good.
Having said that, I keep hearing that one should
go Long only when the 4820 NS JNSAR is crossed,
and even worse, keep a SL at 4820 + 20. At 4840,
the SL is now 50 pts. Doesn't seem to make sense
to keep such a big SL.
@sujatha
Master stroke
Well said
@nifty .simple even i shorted @4790 and keeping original JNSAR 4820 as SAR.
Dear Sujatha!
One of my known persons subscribed such kind of SAR facility on payment of many thousand per month. It often hits stoploss and he compensate himself by saying that no system is perfect. He has no complaint bcoz he is paying:)
@nifty
todays JNSAR remains 4820
4790 NS is the JNSAR after normal filter of 20 points and extra 10 points to match the yesterday's low of 4792
therefore 4840 is the upper range of JNSAR wth 20 points filter.
HI SUJATHA
I WANT TO FOLLOW YOU
BNF, what it did today?
touched lower band of channel
& filled the Gap
will update chart 2day evening :D
ம் ம் கிழிஞ்சது கிருட்டிணகிரி வாழைப்பழத்தை உரித்து கொடுத்தாலும் எப்படி சாப்பிடதுன்னா என்னத்த செய்ய
(try to translate brother)
OMG - சாமியே சரணம் ஐயப்பா
Bye all :) Have a great week ahead will catch u all on Monday
kumar sir - honestly may be he is the "well known professional" who knows that SL may hit at any system that will happen to Warren buffet (not JN's warren) to soras. If SAR is not working in certain periods jump into other which is working "in current market" this i learnt from master
Prakash - don't try to commit suicide :) long live man
i m in bear camp.
For the week ahead, the Nifty will face resistance
at 4,845 and 4,901. I
nability to move above
these levels will mean that
the index can decline to 4,640, 4,620 or 4,560
in the days ahead
That's my point bizagra. The usual rule is to
keep 20 pt SL for intraday. I opted to keep
25 pts for safety. Yet you are saying I should
have kept 30 pts as Sl while Amit is suggesting
to keep 50 pts.
Thank you sir for updating the chart.
it is below 80 now.
will we close below tomorrow's JNSAR(4800)?
3:30 will tell
@kumar,
Well said. Have been saying the same thing. If following
D-JNSAR, then trade after 3:15-3:20 to decide
to go long or not. Same for H-JNSAR. Trade at end
of hour only. Can you get whipsaws ? Sure. But
much lesser when compared to trading in the middle.
Jiggs - that's the fact na?? not a single post in "green"if v harass like this "only on JNSAR" (all want only readymade food?? not like to "cook" nifty alone?? then y sir to be here??
Sir - what will happen if u remove the 'JNSAR" from TT andgo back to "2008" like ordinary simple table?? all will vanish?? or would like to learn some other technic?? just a wild thought :D :)
3 pm updated chart favour bears.
may pain bear for a day.
SUJATHA-
WHY ARE YOU SAYING SO MADAM?
@nifty,
filter is an individual choice.
I am more of a positional trader then intraday.. so I follow the method shared here.
@sujatha fact fact and true fact.
You are perfectly right
pls close the market before another jnsar trigger
Prakash tamilnadu,
Madam vazhi thanivazhi
athanala than
Ilango sir and Seniors ,
I want to put it as request regarding the TT table
so that all those who are new to this blog can learn .
Will it be a good idea to put forth ones views
based on what/How he /she reads the TT table ?
so that we can see there and look at those numbers and
permutation and combination os trades one can do from TT
table .
Like Sujatha ji , just mentioned "sell @ WLema or DHema and cover at lower lvls"
(ofcourse looking at momemtum , trendlines , channels)
That way we can also learn to see the TT table . I am sure there
are many who want to learn to read that.
Best Regards
Smita
@cooldent
good one it is better to follow 5dema than JNSAR which gives me better profits. I am short and caarying becoz nifty closed below 5 dema.JNSAR is not good for this type of market. that is my understanding. People are not telling the truth.
@Sujata, doorada betta nunna. Grass is always greenest on the other side.
If no JNSAR number in the table, then there are so many touting their own SAR numbers and claiming to be better. Hopefully the cry babies go after that system and end up crying that JNSAR was the best.
As usual, when system fail,
all (not all really, few) come out and shout 'failed',
when system works fine and trending, minting, these guys
might have even entered. Problem not with the system,
it is with the individual trade plan,,, as a part of
plan, do plan to fail, follow the system without fail
for couple of months, then there is no confusion,
you will be just enjoying the success).
Kolaveri said...
Nifty to sustain the upward momentum has to close (EOD) above 4850. Below 4800 bears will have upper hand.
http://4.bp.blogspot.com/-WRX57HXeG60/TtSO0-6yiEI/AAAAAAAAAmE/VZRf_DjaykU/s1600/hour.PNG
http://3.bp.blogspot.com/-KTIE0GBGmBU/TtSO4V7bsyI/AAAAAAAAAmQ/w8x6sthYPxI/s1600/day.PNG
November 29, 2011 1:25 PM
Nifty closed above 4800. Bulls still have hopes...
Interesting day ahead
I agree with smita
If our seniors guide us how to read Tech table we too will learn trading
@Kumar Sir- You are right. People don't value things which are free. You charge them and you are right.
@Just Nifty, your daily Nifty Charts are very good......
nifty outlook
The greatness of a man depends on wat he share wat he knows.
I had been few years in the market but couldnt sme one like Mr.Ilango who share all his hardwork expecting none from the readers
nice blog.....
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