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....
-
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:
@Sir
GA
I need a guidance if anybody can please help :How to draw an overlay on a chart of nifty?My excel already provides a stock charting facility but I do not know how to combine it with an overlay of the DMAs/EMAs so please can anybody guide me I have Excel 2010.
wolfe wave pattern in 5 min bn charts
Banghead
Buy and Sell Keyed in 20 points +/-
@ high and low of BN
operators day without FIIs participation
time to be cautious with longs
@DRji;
My computer was to be formatted sometime back and the engineer who had come to do it was a software maintaince engineer with a firm that deals only with HNIclients.During the course of our discussion he gave me this info. on the new? facility of direct from NSE .He advised me never to put SLs and to be alertly watching if u r a daytrader or to scalp.He informed me that now there are special softwares that provide 80/122 views of placed orders on either side.Also I m already aware of a higher software which is available in the market which gives live analysis within seconds the order is executed apart from falcon and it has fee which is worth paying if you are providing day calls.(Kumarji sometime back had also mentioned ip recognition.)
He also shared me one more info. that now a days a CD programmed with preconstructed orders is inserted and run at the desired time which gives sell/buy effect in seconds which was previously done by people with nimble fingers,apart from the alogrithmic softwares that are available.This is more dreadful as it hardly gives us chance to execute our orders.
I am merely SHARING THIS and have no INTENTION to create any controversy or nor do I claim that I have authentic info,what I replied to Mynac was based on the conversation I had with my software engineer.But I am inclined to believe it from the post and the place he is at.Knowing/believing this makes me more meticulous in my planning.
Also I know a dealer who was working with a known broking firm ,she was speciaaly assigned to work for operators,so she has really shown/explained to me how the operators work and YES this CLAN does exist.So it goes undisputed that they will manage their buisness in any possible well designed manner however ruthlessly they might do it. It is only we have to manage to be a part of the ladder whether they are using it for ascending/descending as these people also need steps and our TT is a masterkey to alert us towards the direction 'they' are taking.
Good After Noon Everybody,
Dinesh Rishi said...
"operators day without FIIs participation"
Very true... up to 2.30 PM BSE Cash Volume just Rs.850 Cr &
NSE Cash Volume Rs.3700 Cr.
ns below 55mema
what is trin anyboday knows it ?
nspot b/w 4760/4780 since 4 hours.
IT index helping nifty to move up
The formula for the TRIN indicator (or TRIN) is simple:
TRIN = (AD Issues Ratio)/(AD Volume Ratio)
Or to put it more specifically:
TRIN = ((Advancing issues/declining issues) / (advancing volume/declining volume))
The TRIN was developed as a contrarian indicator with the intent of pinpointing the critical levels at which a market becomes overbought or oversold. Generally, a rising TRIN indicates bearish sentiment and a falling TRIN indicates bullish sentiment. The TRIN indicator may be applied to any index or basket of stocks.
4791 to watch
are they closing near days high for a gapup to break
abv stiff res of 4818-30 range??
4789 20DEMA
this may be a trap to close near days high
and then a sharp gap down tomorrow
kya lagta hai??
follow trend its only ur friend
No gap up or down possible without dow uncle
is there any -ve divergence developed?
Rising wedge of height 120 ?
what is the banknifty JNSAR for tom. anybody HELP?
Can operators ruin your life?
Simple logic. Whatsoever tactics the biggies follow, they will finally ought to travel in the same direction where market wants to travel. They cannot for sure change the direction of the ship. They may delay it but cannot deny it. So, positional traders don’t need to worry about operators or any other super intellectuals. Only one person can defeat positional mechanical traders that is none other than him/herself. He/she can kill him/herself by poor system or by indiscipline approach. Otherwise, there is no evil in the market.
Many of us do not understand that operators are also traders but only difference is volume. Not all operators are making money every day. 50-50 game happens there too. One set of operators pull and other set push. One day pulling wins and the other pushing wins. Get some money one day and lose everything to other operator nextday.By end of the year, it’s a zero sum game for them too same like how we all retail traders perform. Only difference is we all win and lose pocketful or handful of money but they take huge hits and misses. That’s it! Nothing to worry about operators. As far as I understood, there is no such category as operators in the market. If you and me can execute 1000 lots of nifty using JNSAR in a second, then we both are operators from the small trader’s view.
Ofcourse, day traders will have pain when technology is upgraded to next level. They can only see zoooom and booooom and then psssssss.
Ques: Kya Lagta hai??
Answer: Is market me sirf paise lagte hain:)
Kumar,
ur zone for aggressive sell...
Nifty 15 Minutes chart Updated: CLICK HERE
options of dec series loosing prem even in calls
4816 is 50% retrac lvl.
it's probability, not a target.
SAN,
GR8 CHART
TODAY'S HIGH LOOKS TOP FOR EXPIRY WEEK.
bye all
phir milenge chalte chalte
take care
Lolz kumarsir
Huge writing in Dec 4800 PE,suggesting more up side but
now when just 3 trading days are left for expiry,without
NF satisfactory rollover & with less cash volume,it looks
nothing but just as usual expiry game.
Only interesting situation this time is that,how these put
writers shall hold Nifty above all crucial levels,when it is
Hrly.over bought..almost through out the day today.
Illango ji,
Notice ur use of Fast MACD is not restricted to Daily charts,
whereas the cocept of using 5&10EMA is valid or suited to the DAily Time Frame (due to 5trading days ina week funda)
Is Fast MACD accurate on the 5 mins or 30mins or Hrly TF?
Just wondering if anyone has Experimented with Fibbo nos... for eg, have u come across anyone using 5,13 MACD , wid Singal line as 8MA, istead of 9MA (all 3 r Fibbo nos.) ??
Just a thought
urs
SMO
Thanks Hitendra
Post a Comment