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...
59 comments:
@Traveller Sir
cheers
gud morning sir and blog masters.
To sujathamam,
mam if nifty moves above HL5 what to interpret(camrilla trading system)
@ DEVI,
Tech table can be downloaded from the link given at the top rightside of this blog -"JustNifty TA(30th Mar)
sir you said isn't it obvoius to go long at open.....but daily sar is down and we were already up more than 80 points from yesterday's low.........so how can one gain confidence of going long in such situation (i hope you are not angry at my question as i am trying but still lack confidence
)
5135+106=5242
Master changed DJNSAR to 5237
PT
aaj tumhara mid point crisis ayega kya?
@ shivanGupta,
But you are excused because you are following "JUST SAR".
Stay with it. No harm done. SAR also produces consistent results.
My comments were meant for those who follow my premarket suggestions.
Ofcourse..I'm angry if you have not applied yourself sufficiently following those comments.
@SivanGupta: Leave your emotions outside the trading room. Follow tech table with military precision. Just mechanically follow the technicals.
Good morning sir,
What will be logical high lvl for April,
if close above 5241/5250 today.
Hitendra said...
LOOKS 200 DMA IS HOLD.
BOUNCE BACK FROM TMRW.
5278 5136 142 5170 5190 5207 5224 5241 5250
March 29, 2012 3:24 PM
GM Master,
Your JNSAR no in tata steel rewarding . thanx master
I follow only Sar level of ur.
Plz master do guide us in this jungle
sir took long at 5237ns and sl kept at 5217 ie 20 points filter is it correct
sir please delete my comment sorry wrong data read.
@ Cooldent,
Because the lead indicator has "consolidated" before the rise, Midpoint crisis may not happen..at worst a pause.
This is my thought. It is my experience but no guarantee.
Sir
all the more better :)
today SAR hit. now long with 20 point SL. thank you master.
today SAR hit. now long with 20 point SL. thank you master.
@ Master
What is equally appreciable and learning from you is not
only the TT and Nifty trading but also your command on
the language and your choice of words at the right time.
Kudos !!!
I love nifty :-))
To master,
sir just a request to add yes bank daily JNSAR in your stock wealth JNSAR list
It is traders delight stock
Why no one discussing cam levels now? Initial hoopla over?
If open price is between H3 5195 and H4 5211 (open at 5206)
- To enter long position (i.e. To Buy)
o Wait for the price to go above H4. As soon as price moves above H4 buy.
How many bought?
I did
To cooldent,
me to
sir, what is bn nifty JNSAR advanced to just like JNSAR to 5237?
hi Ilango ,
There are lot many comments u post that needs
decoding.One of your comments said ."expect a lowest close
where month trend will remain intact."
Now as i am following weekly 5D which will come at EOD
can u please highlight at what point from now it gets validated
what price level on nifty you see that weekly 5D will turn
up.
or still we can see lowest close on nifty..today.????
pls reply.
Exclusively honoured JNSAR 5254
max this bounce can go up to 5280-90
possibly there shd not be whipsaw in jsar today
ajay vijan
say by God!!
who deleted my post ...i had asked one question..
@ Unknown,
BNJNSAR for Monday is 10153(approx)
Though we do not want whipsaws... based on what I had seen in the past... the more the number of whipsaws... more are the points gained on the JNSAR trade.
Prudent to be with the direction of JNSAR.
Dear Ilango Sir & Blogmates,
OI Update at 11:00 PM
Thanks & Regards
it is not a rule but usually when j10sar>jsar there are less whipsaws
hi MIlango ,
THere are lot many comments of yours that i keenly
follow.Once of your comments says that expect a lowest
close where month's trend will remain intact.
Now i follow weekly 5D whose chart will come today evening
Now can u please confirm at what point on nifty today you see
that reversal on nifty will happn today.
can we still expect a lowest close on nifty or we have already
reversed on weekly basis.
Thank you sir.
Nifty @ R3(5262) of the day. And closer to the channel resistances.
5275-Week's open; 5278-Week's high are the other resistances.
Any pause should be limited to 5233.(approx)
@ Billgates,
For the weekly downtrend, Nifty continued its fall from its open 5275 to a low of 5136.
Today is Month's last day. Monthly trend is "UP" based on its close above MEma last month.
And month trend is more stronger than the week/ day, etc.
This is why I suggested a low around Wednesday and still leaving two days for the month trend to play its force. And its force returned from Thursday @ 5136 and continuing today.
By bringing the weekly close price closer to the week's high, it becomes easy for the weekly trend to lose its "downtrend force", making it easy to reverse it next week if not able to do today.
(Next week, there are only 3 trading days-Mon, Tue & Wed...& a longgggg week end)
sir,
yesterday the premium was 53 points at close. today
open 35 points. for ppl who used 5237 as jnsar premium
was 35 at 5254 it increased to 45. now if
it reaches 5233 ( s&r for 5254 jnsar)long position
holders lose more.
considering these problems will it be beneficial
to have jnsar in nf form or that could lead to
bigger problems??
Thanks a lot ...doubt solved.
@ PS,
When you can make 500 to 1800 in a month using JNSAR, this 50 point roll over pain should be gladly swallowed.
At extreme points one should "dare" and do trades based on other studies too such as ....falling wedge, positive divergences, similarities in corrective phase-I & II and so on. I could not spell these things explicitly to avoid confusion to the simple minded traders, individual trader(with experience) should make those adjustments... "Indus did it"..."so others can"..
Fibo retracement levels from 5385 to 5135
1. 50% = 5260
2. 61.8% = 5290
monday NIFTY JNSAR 5239 triggered
monday BANKNIFTY JNSAR 10153 yet to trigger
one engine started 2nd yet to start to fly high
sir,
small part of my shorts were closed at
open today based divergence and price confirmation.
once it broke 5237 and was pausing so i had in mind
to go long at 5225 sl 5204 or 5254 sl 5233 . the second
one came first so went long there but 9 points adverse
entry due to extra premium so i put this point to u.
5386 5136 250 5195 5231 5261 5291 5320 5336
5312 5136 176 5178 5203 5224 5245 5266 5277
80% of 5312 is 5277(week high).
It's also 20 filter for jnsar(5254-20=5274).
61.8% of 5386 is 5291( above week high).
close at high of week anything
b/w or above 5277/5291 is long.
scenario.
Ilango sir.."Any pause should be limited to 5233.(approx)" wht is 5233??
Can we keep it as SAR if reverses or 5237-20=5217 is OK.i m doubtful as last day of week and month :(
Thx
@Hitendra
5290 is also week pivot
5100 is Month JNSAR
"5233"-low made at 9.58AM-sub wave "iv"th of the rise from 5136 to 5261.
@PS
By way of sharing my trading experience, I used to
focus on huge premiums as well...not worth it...just
buy or sell at the JNSAR trigger point....eventually, the
gains outweigh these small anamolies
ns up trend can reverse if < 5213
anybody in here expecting a close below 5217 today?
@Indus as today is the last day of week so shouldnt we take weekly piviot as 5221
Ilango, I know that you do not discuss stocks, but can anyone throw some light on Century Textile as I am hearing great targets as per chart.
Thank you in advance.
@indus true.
but considering a 20 point sl, 8 points are not less.
another incident was 21 and 22 march. after jnsar trigger
(premium 30 points on 21) reduced to 20 on 22 march so
20 point sl became 30
Ilango Sir can any one go long or short in large
cap based on jnsr
Intraday
Wave 1 5237-5261=24
Wave 2 5261-5241=20
Wave 3 5241-??(approx 5290)
Europe Futures all in green (Almost a 1% up)
New Post Done.
@ bb,
I just looked at Century tex. stock. It is out performing the index.
So its gains will be of highest kind.
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