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...
39 comments:
Nifty resisted @hrly HEMA and trying to take support @ hrly LEMA.
Illango ji,
Am trying to combine PSAR wid EWT..
I notice PSAR works perfect when there is direction or an IMPUSLE
but PSAR generates falsettos in Correctives
Why is it so ?
urs
SMO
@Nnumbergame
sorry for late replay i was busy, you will ohlc from stockcharts but do you want historical data for ami or meta?
Numbergame - check this one
http://www.goldprice.org/live-gold-price.html
u can get OHLC figures also
@ Shriram,
Any number would work fine in a trending market - 5ema, 10ema,20ema, etc. So do PSAR, JNSAR too.
Despite being a simple system, most traders put their "thinking caps on", the moment the trend emerges and makes a mess of things. Firstly one should stop looking for that perfect system, and start looking for profitable set ups that are emerging everyday/ every week/ every month.
In corrective phase, the range is narrow and the pivotal number tends to be in the middle of the range. Hence, a different tool needs to be used. "Oscillators with support & resistances".
Hi sujatha
for oil n gold tech outlook (weekly), may book mark this also http://www.oilngold.com/ong-focus/technical/
@skmishra
Its really good for weekly and daily too,
So by master's word its approaching very highly oversold zone.Can I buy there ?
Jiggs - hi..properly not seen ur gold charts..sorry..will revert back later
mishra - thank u
fire - ur level now this one will protect at EOD
@animoitra2011 bullet train comes only when there is highly over..., safe to follow trend or have a cup of tea away from track..
@jigs u r right about that site.
@sk mishra ha ha but see the vix has not increased also remember the master's words today.But what does those words actualy mean.So lets wait for what the master says in the region of 4690 to 4710.
Sorry friends, held up in office work. I see nifty is still not able to cross the 4820 (NF) barrier. Bad
Also, no effect of me crying yesterday. Today, I will weep.
ANyways,, jokes apart, I am sitting on red hot iron by holding longs (calls). We are currently
on thin ice which we dont know when it will break. 4710 is the last support. Bulls want close above 4775 (spot) for today.
Break above 4820 (fut) will see nifty rocketing to 4900 odd levels.
The big culprit is rupee.
BN recaptured its losses , 90 odd points in last 15 mins
sujatha ji,
can u give a similar link
for other commodities,forex and
indian stocks.
thanks
@Mynac: Any huge vol trade happen? Sorry, I am not sitting in front of my real time volume charts.
@Prabhat, seems your prayers are heared. seems NS is
about to close +4775, let us see
Nifty gave a good buy trade by making higher low at 4733
See that happens whenever I open my mouth.
Master: Can you have another column in your TT table named "when Prabhat starts crying".
Just jokin...
@Sujatha Ma'm: What do you have to say? :)
New tamil film title = "Edhudhanda market" :)
Bears song: Why This Kolaveri Di!
Prabhat - is Nifty it a good buy after crossing 4820 fut?
Prabhat
NF can even close above 4820
@Hitendra: You can buy only if it sustains 4820 for more than 5 mins. I am afraid bears might just use this rally to short again.
Maybe 4775 (fut) can be SL for longs taken above 4820. Why not 4790? - just want to avoid whipsaws.
But I am just a small ant. Kindly follow Master.
Commodity traders friends, tonight interest decision in us so plz do not carry any position overnight
kelambidichaya kelambidichu
It is nothing only retracement targets not completed...so gone
up.....who wants to short , it is gr8 opportunity.
4100 is target
Probably it is just intraday short covering
Sir's levels indicate a sell @ NS 4825 as per above chart?
oowwwuuuuuuuuuuuuuu
Praba - the whole day waiting "it gave it in last 20 mints" :P "odu odu, ododiporrenn"
Today is 13 and Tuesday..........so volatility expected
Closing Quote - Any time means no time = When an event is not decided on or planned earlier it will never take place.
@ilango sir,
on 9rsi chart you havw written not decisive yet ,could you please tell why so because as per my understanding there is +ve divergence on 9rsi which was confirmed on breaking out
of downward trend line on price.
shabsaif,
Ithought it was friday the 13th. lols
Pankaj singing: Bears singing now: Why This Kolaveri Kolaveri Di!
F&O - 127900 cr
cash - 9125 cr
Nifty future 4837 is a good profit booking level...
Hour TA is turning up after a double bottom at 4730.
Day is oversold but no reversal signal yet.
It is the first step by the bulls as in "B.b" EW possibility.
Thanks very much ILLANGO ji for ur explanation.
I have noticed that whenever Nifty has breached the DIALY PSAR to the DOWN, Nifty has whipsawed around the DAILY PSAR level, (up & down a 100 pts) , before heading SOUTH. On many occassions PRICE not FALL IMMEDIATELY on BREACH OF DAILY PSAR. It takes a few sessions.
Is this a VALID obsv or just a flash in the pan ?
Also, u mentioned that in CORRECTIVE WAVES one shud use "Oscillators with support & resistances".
Can u Pls specific which oscillators / MIs are best fit ??
rgds
SMO
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