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...
46 comments:
for all JN frnds...
simple INTRA Day trading system, for users of google finance:
ENTRY: Long / Short --> on breach above below 34EMA, 30mins
SL: 10 pts
EXIT: @ Day PP, Res or Supports , or
TSL with 18EMA, on 5mins T/F
PLS DO CHECK THIS OUT !
cheers
thanks kumar sir for BTST
@Kumar Sir: Now you know what happens when I take positions .. since I went long, did those who went short make money ..? :)
time to book 50% profits for intra trade... 5370 zone is near ... carry balance 50% with TSL as 18EMA, 5mins T/F
@Master: Is there any mild +ve divergence emerging in the charts?
As it is going away from 5392 and NF getting added,… not a very heartening sign for Bulls…Bulls must fight back @ EOD otherwise “immediate new top dream” may remain dream…
5500 & 5600 call both added huge 10L OI. Bad for bulls. Also, OI shedding seen in 5300 put (but less)
nifty gone good down move more to come ????
@ Prabhat,
"5399" was near the suspected support "temporarily" and for strength "5428 or 5447" needed to be crosses.
Now Nifty is trading below "5391"-DEma & Mth Pivot for "Pull back target discussed earlier".
If LEma is protected, ST trading opportunity.
Dear Prabhat!
Dont worry & no need of panic, till then stoploss dont hits:)
the 13 the march opening gap filled, going long, with Kumar sir on our side
@Mynac ... Ameeen Ameeen Ameeen .. all i need is 5287
@PowerTrade: You may get closer to it not sure about the exact number.
Dear PT you are Marathon runner …am just trying to qualify for 100 Mtrs…. Sprint… :)
March 20th '12 is equinox... will be of interest to gann followers!
Can see a major trend change ?
Illango sir--> waiting for ur fdbk on the intra-system :-)
Mr.Kiran,
Please dont advertisement here...
Developng JNsar for tomowwow 5353
Hi Sir,
How do we trade realtime situation using JNSAR on such event day.
As per JNSAR, we are long for a lot but market started
down from the morning. How to minimise the loss for our long trade?
As per your advise, the second lot can be used to take directional call?
Which factor decide to take the directional call whether long/short.
please guide me on this.
VK
@ VK,
I have revised the "Trade Table" to show only "re-entries" in the direction of JNSAR, though one could trade their JNSAR positions. This requires knowledge of few studies such as TA, ORB, Pivot trading.
Once in longs and market has travelled far from JNSAR and TT shows "Incomplete Uptrend", you could use ORB or other considerations to sell your JNSAR trade with a 20 point SAR(incase market resumes suddenly upwards). It is meant for "Intraday only".
By selling your JNSAR position in good profit, you lock in your profits and by re-entering in the direction you remain in JNSAR direction till a reversal emerges.
Master what is ORB ?
ORB - Opening Range Break-out
Nifty has stopped around Month open, also near DLEma.
It would be attempting to stay above Mth Pivot-5391.
Hence, a likely tussle @ 25 points below 5391=5366 & 25 points above 5391+25=5416 would play out.
dear animoitra 2011 read all d links given right side at blog...
revise n revise....
Below 10758 BNF Bears territory
above that Dr. Kumar and I get Goa Holiday package
NIFTY OPTIDX Open Interest at 1.10 pm -> CLICK HERE
Bye Ilango Sir and JN Family.
sir what will be banknifty jnsar for tomorrow. thank you.
21 and 34 SMA cross over?
As Hrly Tech Table is cooling off rapidly, also Daily tech table does not show any great fear from here…But… NF O.I., which is above 2.75 CR at present does not support any big up move from here.
Dear D R!
If 10500 spot protected well then it may give us Bankok/Singapore package too:)
oru_indian and rock thanks.
Today,18 lac intra NF O.I. addition up to 1.20 PM is there …Those who have off loaded it ..Shall they come back so immediate now? When Nifty is comfortably trading below DHEMA? Let us see..
@Kumar Sir/DR Sir: In case you guys are opting for Bankok/Singapore package, please allow this small ant(myself) to atleast go to some Sri Lanka package ... please want nifty to trade above 5400.
Exit for balance 50% Shorts triggered..
Price has closed ABOVE 18EMA (5389) , 5mins
Now waiting for price to close for 1 30mins candle ABOVE or BELOW 34EMA on 30mins T/F (ruffly @ 5417) to go LONG or SHORT
Shaant Gadadhari Prabhat shaant!
5400 & 5450 both will come but let it complete to test bottom again:)
@ tadhutabukalu,
BN JNSAR for tomorrow: 10500(Approx)
@Kumar Sir: Me Gadadhari ... First I miss read it as "Gandhari" .... & was wondering why you called me so thinking u dont want me to look at the terminal & close my eyes..... ha ha ha ha ..
Dear Prabhat!
When powerful Bheem was excited in Mahabharat battle, Krishna use this phrase to cool him " SHAANT GADADHAARI BHEEM SHAANT". You were also looking anxious so i recognised ur power & called you like BHEEM:) It was just in light sense, either i know that u r very cool guy:)
To ilangosir,
sir if 5367 todays low is protected and if nifty close above 5420 is it good level to buy?
Can anyone tell me about GOA which points are must watch as
me too going to visit GOA next month. Pls guidance needed.
Thanks
@ Sushil,
JNSAR for 16th is approx. 5353 and closer to LEma.
Few Hour TA indicators @ OS zone. Hence, a bounce could emerge if 5353 is protected.
This is the most important factor which traders fail to remember:
"What is the current prices are signalling...? And in which time frame..?"
Always base your trading decisions based on "new signals as they appear in Tech.Table".
@ Sushil,
You're getting married on 18th.
We wish you a very happy married life. "Two is company" and our prayers and blessings for this "New Company" to blossom & flourish for many many years & decades.
To ilangosir,
thanks sir
Hi Sir,
Thanks for your guidelines. Take a today's senario, we suppose to close our long trade of remaining 1 lot based on ORB/Pivot level/High,low ema guidelines.
Do we need to wait for the support to re-enter the trade ie 2 lots around monthly open/DLEA level.
Please guide me.
VK
New Post Done.
Dear Sushil,
Congrates....very happy married life......Janam -Janam ka sath ho aap dono ka...........
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