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...
34 comments:
Nifty 15 Minutes chart: CLICK HERE
Ilango sir what level are you targetting for this upmove before expiry?
Reposting..
Hi Golfdude..
Just have query..
Regarding HLEma-HHEma Trading system, when do you enter the trade ?
Say For current scenario ..will you enter short if 1 pm hour close below HEMA..
or just you will book profit in Longs..
Thanks in advance
Thanks SAN nice analysis
peanuts 4 us
u enjoying almonds
Three red dots bears attempt failed
Now its Fire's turn
Tgt Plzzzzzzzzzzzzzzzz
@shikhar -
Short when hour close below HLEma.
Long when hour close above HHEma.
Between HLEma-HHEma, stay with original trade.
http://imageshack.us/photo/my-images/853/niftyhourlyhiddendiverg.png/
There is a hidden -ve div forming on hourly, price need to cross earlier highs of 4815-20 quickly...
also if earlier falls as seen get resisted at 61.8%
retracements, this fall can get retraced upto 4900
levels as seen with trendline resistance also...
DR Sir
I am having Fried Fish. If it was almonds i would have shared it with you happily.
@ilango sir,
for last three hours price has been trading in a narrow range so is this a bullish consolidation or bearish how to know.
Sir,
we are counting fib lvl from 5099.
Actually, it turns down from 4819.
if we consider that one then,
61.8% retrac comes at 4770 that is the top of today.
is it important?
regds,
Anil
Nice chart. Previous bottom towards the left of that chart has a similar Divergence.
sorry that's 4918.
4918/4531=387 points
61.8% is 4771
@ JCOOPER,
Holding above 4710-4725, the immediate target/ min. target is 4805-15.
If manages to contain the correction from then on within 38%, next target is 4880.
So far it has been behaving like the rally from 4639 to 5099 which was a 61.8%, hence the 4882 target( a 61.8%).
The similarity could end suddenly.
The 4639 to 5099 took 9 trading days.
If the current move is a corrective one, it is expected to consume lesser time. Sofar it has taken 4 days.
Two targets: 4810 and 4880 while holding above 4720.
If some impulse wave, then 4810 target.
4693-4726-4710-4777-4756-4810.
good morning ilango Sir and all JN family.
Ilango Sir, I miss -- GREEN BOX
Ilango Sir, I miss -- GREEN BOX
thanks
@San
thanks...yes thats what earlier +ve div lead 61.8%
retracement rally..lets see this time where it lands.
.no guessing..Tech Table will give an answer in time
to come...
this time there is +ve div in daily chart too..and
kumar sir riding bull wave right now..so lets see...
Ilango sir,
God listen if ur wish from heart.
when I typing you are also typing.
my net was slow so I late.
Now, Heartly thanks to god and You.
nifty off the hook...
Nnumber Game said...
This post has been removed by the author.
Thanks Brooooooooooooooooo
4791 is 21 d ema..may be stiff res
BN 4th attempt towards high
angrej on holiday after Christmas party
Golfdude sir ,
You said....
Short when hour close below HLEma.
Long when hour close above HHEma.
Between HLEma-HHEma, stay with original trade.
and before You said.
Sl approx. 40 points.
when I tried, I found some trade -
Highest Profit-439
Highest Loss -108 point
Net profit - 512 ( in total trades = total profit- total loss)
My Query is this,
How many points should be keep as a stop loss.
with thanks
Hi all,
Anybody facing problem with google finance??
one big green candle pending from bulls
ns at 55ema
nifty trading in same pattern as on friday,
@ golfdude Sir,
I wait for your answer at my query.
It will be helpful for us.
with thanks
strong unwinding/or profit booking in 4400pe
@marketrider -
SL can be based on levels ( H-5EMA or 20 pts ). I did
a average of HHEma - HLEma. That comes to be around
30. So I recommended 40. SL is really based on
your trading style.
friends, is US market today night closed?
@badri
its closed on 26 ie tonight for us
Dear Illango ji,
have been thinking on the EW lables over the past 2 weeks
Pls look @ these on Py Degree
PyA : 6358-2252 (as a ZZ)
PyB.w : 2252-6339 (ABC1 as a ZZ)
PyB.X : in play as a DZZ**
X.W(ABC1) : 6339-5233-5944-4729
X.x : 4729-5400
X.y(A) : 5400-4531** in play or finished, not sure?
Pls check veracity of these lables, ideally B.X shud not exceed 61.8%xB.W(2252-6339) i.e somewhere close to 3900....
urs
SMO
New Post Done.
"Watch 4755" for intraday breakdown..if any.
At around 4800+, look out for -ve div in Hour charts.
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