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...
49 comments:
@ Cooldent
Ferrari gives option of other colors also.
Where as i have seen the yellow one :)
thanks
cooldent u r planning for which color?
Sir, is there neg div in BNF 15 min?
@nifty rider.
RED but not ferrai. Nano ;)
I remembered scene of Jyotish From Munnabhai.
A Gun on the head of Jyotish ... and asked to Jyotish
Now Tell Are you Going to Die or Not?
You might know the scene.
But I add one thing to it... Jyotish don't know before
dying. But after dying he might say.... This is because
of No 1234567890 ....
cooldent u r true patriot really.
I have denied to take Ferrari.
@ilango sir,
From 4640 to now, if a zigzag ABC correction, then
A = 4640-4866
B = 4866-4780 ( i chose end of triangle and not the low at 4750 )
C = 4780-5092 ( 1.38*A ) - 5146 is 1.62*A
Please confirm.
Thanks
VIX +2.91%
OOps....
Anil said...
VIX +2.91%
OOps....
What does it mean?
hello sir and friends
gm and nice day
i found interesting thing
dont blaming but have a look on
www.indiacharts.com/vwave/kfw.htm
@SAM
Generally high VIX above 25 in nifty count for high
volatility ,and it is observed with falling VIX generally Nfity rises efortless,but now VIX runnig positive since 2nd dec onwards, and nifty is rising,
so doubting on this leg of rally...
midcap index appears to be getting weaker...
time to be cautious with nifty longs
market still in control of gollus(bulls).be with trend
because its only ur friend.
@ SAM
Pls read the below comment of mine.
http://tradeinniftyonly.blogspot.com/2011/09/nifty-intraday-update-i_29.html
Thanks
Beautiful article regarding gambling...that gives more insight of our thoughts as traders.
GM sir and friends :)
Quote : Laziness is nothing more than the habit of resting before you get tired.
In interview: Manager : Do you know JAVA?
Candidate : This is called protocal mismatch. First "JA" - hindi, meaning is "GO", Second "VA" - Tamil, meaning "COME". These two actions are different can not be implemented simultaneously.
Manager: Good. You know so much in computer. you are appointed.. Best of luck and looking ahead to workwith you.
By the way I tried to read one of our “JN-mate’s name – result = my “tooth broken” any compensation?? :)
sis lolssss
come to me. Il do what i can
5098 is 61.8% acieved.(5382/4639)
if nor crossed now,
we may see
5017(23.6), 4967(38.2) in 2 days only.
Anil thanks a lot ... I am little ignorant on this VIX front
I Only Know to use Vix when suffer from COLD...:)D
@Ilango
A query on intra day trades......it has resisted at
the premarket levels of 5065-5095, including the retrace
level at 5098......if the hourly close is below the
hour pivot, would this be a prudent intra day short
or would that be taking a trade against the momentum.
Also a question on JNSAR....your writeup clearly mentions
taking a JNSAR triggered trade only once in the given day..
why then the reversal on the same day at 20-30 point
filter triggers....should we not give it atleast a day
to survive??
Would appreciate your inputs
@Ilango
A query on intra day trades......it has resisted at
the premarket levels of 5065-5095, including the retrace
level at 5098......if the hourly close is below the
hour pivot, would this be a prudent intra day short
or would that be taking a trade against the momentum.
Also a question on JNSAR....your writeup clearly mentions
taking a JNSAR triggered trade only once in the given day..
why then the reversal on the same day at 20-30 point
filter triggers....should we not give it atleast a day
to survive??
Would appreciate your inputs
tadhutabukalu - "INDIA'S KONDRATIEFF CYCLE" what is this?? nothing going into my mind as usual :P by the way i know only bi-cycle, motorcycle only :D
PS : watever it is 'cycle race" or "running race" = legs or cycle will not get price "hands" only will get the price :) watever v read cycles "disciplined trader" only can win others ???
Monthly EMA 5097 is also casting its effect today. Close above it will be positiv
e
For intraday traders as well as for positional traders(optional), the quantitative analysis helps.
For eg:
The upmove from 4639 has had retracements in the region of 60 min to 78 max. points.
There are minor retracements in shorter time too.
So keep 60-78 points from the recent top for re-entry unless such a fall is accompanied by other set-ups such as a close below DHEma(in the present scenario).
@ GD,
EW, at the present scenario, is vague and hence its utility is limited.
However, keeping such a calculations will become relevant if a ST top gets confirmed.
5160-5170 is the strong wall."4910-4940" is the strong floor.
INDIA'S KONDRATIEFF CYCLE...its an interesting article.
take time to read it . it has some clue about the mkt.
make an attempt to understand....a good attempt made
by the writer.- perhaps thinking.....lots of thoughts
gone into this article..LETS SEE HOW THE MKT UNFOLDS !!!!
@Ilango
A query on intra day trades......it has resisted at
the premarket levels of 5065-5095, including the retrace
level at 5098......if the hourly close is below the
hour pivot, would this be a prudent intra day short
or would that be taking a trade against the momentum.
Also a question on JNSAR....your writeup clearly mentions
taking a JNSAR triggered trade only once in the given day..
why then the reversal on the same day at 20-30 point
filter triggers....should we not give it atleast a day
to survive??
Would appreciate your inputs
friends is stock market is gambling?if yes why if no why?
DEAR SIR,
In Intraday Hourly Chart 5 Wave for c seems have competed
How can we label for c wave?
Regards,
Nirav
midcap index at supports,may start to move up again,
may propell nifty with it towards new highs
When steve jobs, jagjit singh,shammi kapoor n dev anand died,
all news channels were showing
their videos...
now
Im waiting for Sunny Leone to die
Namaste Ilango sir and all,
Sir - mail sent kindly check
seems textile stocks in demand today
Being the 3rd day of a likely close above 50sma-5020, "Conservative traders" who have not gone long earlier may use today's correction to buy.
As per our earlier observations, the ideal entry point is 60-78 points from the highs which will be 5128NF-60=5068; 5128NF-78=5050. 5050-5068NF.
The above is an ideal level. The idea is that the MT trend too would be considered UP.
ITS JUST CRAZYYYYY.....I MEAN THE PRICES ON THE
SCREEN.........IN SECONDS ...THE SLIDE IS HUGE !!!!!
ERA OF ALGO TRADING ....!!!! WOW !!!
there is an old trader's saying that " bull markets roll,
but bear markets spike "- this comes from the characteristic
nature of the price action.
Sir
Wt will appropriate rentry level for BN?
Nifty hourly charts and Fibonacci levels : CLICK HERE
Cooldent - :) :) Hope her ticket not yet confirmed by "GOD"
Wife to husband:
What will I get if I spend my life cooking for you like this?
Husband to wife:
You will get my insurance money quickly.
@ Cooldent,
Check the retracement falls during the upmove from 8240 to today's highs. In Nifty, it ranged from 60 to 78 points. In BN what were the falls ...OR do a 38% retrace for BN from 8240 to 9273.
This fall is accompanied by -ve div in Hour fast macd and rsi. It could exceed the 78 points of earlier retracements too.
Namaste Sir Ilango and friends
May the Lord give peace and harmony to this blog!
Sujata sis have you heard of
"Mar Java" "Mit Java"
This is another answer that was given
in another interview by a friend of mine.
True incident.
Nifty rider for that matter every action every step
we take in life is a gamble. Simply because the
result is unknown. Heard of Heisenberg uncertainty
principle?
Only our breath your digestion etc is not
a gamble because it is controlled by
the Autonomic nervous system and it is not under
our control. It works by itself.
Thanks sir
nifty fut : low on 5th.dec was 5022
weekly jnsar is 5084.
slide will be confirmed if trades below 5022.
and anyway now below jnsar????? should we wait...or can take
a chance to short one lot ??????
for me gamble is where ur fate gets closed.like lotteryher
ticket,u r stuck with a number.horse racing u bet on a horse
its but u cant change with anyotther horse so again u
stuck.but in stock market u can change the bus if u
boarded a wrong bus it give u chance.fate doesnt get
closed.
New Post Done.
great lines by dr.apj abdul kalam - "sometimes its better
to bunk a class and do masti with friends bec today
when i look back...Marks never make me laugh but memories
do..."
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