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...
104 comments:
After spambaba graced my first attempt, reposting -
DR sir,
From what little I have experienced Cam levels, as H4 is the breakout level, price can get exhausted a bit reaching there or test it multiple times there by forming candles with no real body above it, only tails. So, a better approach could be taking longs only if a candle (5/10) closes above it.
Words from an illiterate must be certified or rejected by STI (Sujatha Technical Institute). :D
Sushil - i fell bull party not yet over :P :(
(Sujatha Technical Institute)
lol
sorry - read it as "i feel' :D typo
Fire - No more 'CAM' comments from 'STI" hereafter as the 'CAM' ball in "senior's court" you all hv to tell now :) let me see how i am gng to "maintain this promise" :D :D
Jiigs - all are making fun of me today.. donno especially SAM :) the highest. :) what's special day today?? ROF :)
kya bull or kya bear dono taraf bajao...
left of left shoulder of developing inv H &S pattern
was made in a day
right of right shoulder is developing
will it be completed in single day too??
then range can be 5338-5510
Income tax slabs relaxed.
Income below 2 lacs = no tax
income between 2-5 lacs = 10%
5-10 lacs = 20%
above 10 lacs = 30%
Sujatha,
Not done. "SAM" comments are ok but "CAM" comments are not?
How will we learn then? :D
my god
Keep "5428" for intraday reversal to Longs, if shorted @ 5408 or 5402.
bet for this hour - 50 points of UP CANDLE or 40 pnts of DOWN cadle??
fire - lolz..
STT the much awaited news is out ... discounted now )
looks like southwards now )
Spike due to STT reduction to .1% from .125% on delivery transaction
.... just to hit my SL :(
@Sujata Mam
for POSITIONAL trade do i use weekly or monthly numbers
in Camarilla
thanks and regards
thanx master for providing SAR level of 5428 for shorting done at 5402
A non event day now ..... Ye kya ho gaya ...
below days pivot
after good news not
good sign
cheers
@Sis,
Bull Party will still on.
caz jnsar with indiavix is with us.
To sujathamam,
mam if this is iii wave of c bear party begin
PT -= "Trivedi Express" derailed by Mamta didi Pranab Bank can't fulfill the deficit :P ..mkt waiting for a "another blah blah" for an upmove??? may be second half.. hope he need some "juice" go and help :)
Nilish - gridingggggggggggg for Nice "medhu vada" ??:)
ha haha - got 40 pnts candleeeeeeeee
ohh my jnsar trade just got skipped...
TOT - AMIT - r u observing??? both side opportunities pakka guaranteeBut once the down complete and upside comes the target is ........:) :)
Have a good day to all.
March 16, 2012 9:06 AM
r u here??? fine tune the "hour"
@Sujatha Ma'm: CAn we go long for a 40 pts up candle now :)
@Sujatha Sis
is it good time to go long?
hour Cam is in play
cheers
JNSAR triggered
@ Illango ji,
JNSAR 5373, can we take it now or wait till 3.15pm
Question is there due to event volatility and not a doubt
regarding JNSAR.
Thank you
ns may trgt 5500+ if 5338-5327 range is protected
Pre-Market's 5340 & 5440 done for intraday trades.
Square one .. back to basics
STOCK4 - done protect that area and give me bonus of 30 pnts extra on closing basis too :)
Lagta Hai DIDI ne DADA ko Chit kar diya. :) D
pre market rocks
sir,
jnsar filter hit...are we long again?
hello jn007. what will be closing any idea? thanks.
guys it is SIS (Sujatha)
lets leave the nick name calling
cheers
seniors pls guide...sir may be busy...
sujatha sis if hold above 5456 your target,s right. illana bear bear bear.
Sanjay - y this Illana or Iliyana (hehe) bear veri?? give me all today itself. i close my "shop" and go.
tadhu - y fear if "JNSAR" is here??
@ Noorie,
JNSAR trading principles have been written quite exhaustively.
I do make some changes based on the "day's set up" while making "Trading the JNSAR positions" based on day's supports & resistances.
You must stick to the 20 points preferably. The hesitation comes when you have to take a loss twice in a day.
But do it nevertheless.
To sujathamam,
jai ho
HEma @ 5393-close above it, reverse to Longs......this mean long if close above Hema at 2 pm as 1pm close was below 5393
tat,s gud sis.
@ ShivanGupta,
Ignore the previous comment. Keep it as simple as it has always been.
Master,
Can i hold in buy as per H&S pattern???
Keep it as simple as it has always been - By Sir
The above is applicable for all :)Howmany of us fine tuning his "teachings"?? each and every thing he can't spoon feed..Recent example - 34 min EMA i fine "tune it with something" apart from what he told to do....getting good result. Try on our Own is best.
@ Sis,
Is it mean that above 34 min EMA buy and below it sell?
@ Prithvi,
If you are playing out "Inverse H&S" pattern, then your longs should be closer to 5325-40 level that matches with the 2nd shoulder. In such a case, yes, you could hold on with a SL @ 5340.
This SL should be revised upwards as the hours go by.
And Part book along the way.
@Ilango
I am truly puzzled....the exhaustive JNSAR writeup
clearly mentions to leave a JNSAR triggered day for
atleast a day, "in order for it to survive"....then why
intraday reversals at 20 points? My understanding is that
JNSAR is a positional trade....would really appreciate
your inputs
Dinesh Rishi said...
Volatility is not good for traders
http://www.sudarshanonline.com/2012/03/volatility-is-not-good-for-traders.html
Sudarshan Sukhani
PT
======
Break 10500 spot if you can
& Budget is urz
March 15, 2012 8:54 PM
@FIRE
if you don't mind pl elaborate what is the meaning of 5/10 . Thanks in advance.
--------
From what little I have experienced Cam levels, as H4 is the breakout level, price can get exhausted a bit reaching there or test it multiple times there by forming candles with no real body above it, only tails. So, a better approach could be taking longs only if a candle (5/10) closes above it.
One more chance given to PT :D
Premium shedding at its best...in morning i wrote 5400 pe at 95 when mkt at 5399 now mkt at same position put price is 73...
expecting ns may not break abv 5445ns till 2.30pm
but in last hr may give 50-60point upmove
trgt 5499-5510
lolzzzzzz DR sir
anil bhai wats d soln for this problem..me always suffer wit same..
@ Indus,
Its my turn to ask questions..
How have you been trading with JNSAR. Are you allowing "a day" for the first trigger JNSAR and manage it "only" from next day. If so, how has been your experience.
JNSAR write up is an exhaustive one and it has been added with ""intraday day volatility management procedures".
If you have answers to these, then your questions are answered by yourself.
@ Anil ji,
Could you please elaborate on the premium reducing phenomenon
Thank you.
OI update: 16 lac OI addition in 5300 put & 13 lac in 5400...
Today's low of N.S. at 5341 exactly at the S-1 mentioned
by Sir. Height of accuracy. A great Master.
rock
stop trading options is the answer :D
options should only be traded as covered calls
MASTER,
THANKS FOR REPLY.
@rock
almost for a week its not shedding its premium so fast,waiting for event. now its over..also its weekend..premium shedding is always seen during fridays...
thats why i refrain from buying 5500 CE/PE as cooldent and i discussed yesterday...
no solution avoid buying pricey options...
STock 4 - Ameen... thadhasthu :)
PT - BN is trading away very much from 200/ema/sma levels may be DR-ji aiming for 11K/100/200K??
Nobody noticed Sanjay Bhai's comment to go long in the morning??? Thank you Sanjay bhai (huh now u can't "madam-ning" me.
Inability to move above 5435 would set up a "potential Fast fall" in the "Intraday chart".(Refer Yahoo intraday chart.
One fast fall set up produced 70 points earlier in the day.
Now another one is developing.
thankx dinesh sir n anilji..
Bad day so far. 2 whiplash with nifty SAR.
1 intraday and 1 positional. Normally I only
trade BNF positional. But today I thought it
is safer to trade out of BNF into NF because
of excess volatility.
Now back to BN. Playing it safe by going
Long on 11000 CE instead of BNF.
Converged
BN chart
but +ve yet
the next move may give direction and good profit
@ Nifty
11000 CE was having max OI (Resi)
can you check whats situation as of now?
@sir
at what point is the fast fall negated
thanks n advance
cheers
@Sir
GA
@ Nifty,
"SAR" is good for "Positional".
"Supports/ Resistances" are good for "Intraday".
@ sir
Sorry sir got the answer
thanks
Today All Option Premium Eating.
What a volatile day, perhaps STI running grinding machine:)
Sir - hope bulls will be safe if atleast protects 200 ema line as of now. sensex protects 17900 K will give Nifty good game changer
@Ilango
I mange it with next day trigger only and the trade
has resulted in profits.....I asked the question since
I use JNSAR as a postional tool without regard to any
intra day volatility
This approach has given me favourable results
The first indication on this current runup given by VIX when mkt was 5200 level
It reverted from 28.5 to 27 levels
The second confirmation given by VIX again today it is @ 22.65 Current rate
So longs as of now the mkt most likely to cross hawala with a Gap
Just 2 hours to go....If weekly trend wants to assert itself..Now is the time.
Only a move below 5400-5390 would effect that.
@ Master
Now IS 5393 Is Short for JNSAR for Positional Traders,as its 20Points from 5373
@Sujatha Sensex has entered the gully to cross the doors of golden cross
Bhavan - dokla with Srikannth to you :D :) but only thing is worried about PT bear :P
DR-ji - will it UBB level BNF
Master,
Please check mail at your convenience.
@Sujatha ..
May be this time if the support held ... me out as
now cannot ignore NAV management by the biggies ..
March End :)
It seems PT has to be in sidelines for sometime I m waiting for a bang in April with 100 pts cut with reporate
Master,
Please check mail at your convenience.
ஐயோ சார் என்ன இம்சை இது my 9 mil/fils/ are better :P
Thanks PT making ways for all us small bull(calves)
In spite of huge intra selling pressure Hr.KST chart mildly suggesting up move from here.if Bulls shall save 5405 for the Hr.Target JNSAR + 100 points ? i.e. 5473 ?
were they ill?
Good afternoon Sir and friends.
@Bhavan, the huge drop in volatility has not been confirmed by corresponding rise in index value.
I think it is more of normalcy returning to markets and as Anil says the very high premiums on the OTMs have been stripped by the smart players, plus no of days to expiry also coming down.
Now my belief is VIX is in price range where 200+ point move in either direction is possible.
@Sujatha ma'm: Simple question, simple answer please.
Are you long or short or out of the mkt now?
In case newbies like me have a long position taken at 5405 level - should we hold it for monday? Or close it & take short position for monday?
Else close all positions & finger on the lips for me?
@ Fire,
It is a clear possibilty...Hence above 5435, the fast fall gets negated.
And upmove gets strengthened.
PT - yeah.. bhavan is right becoz i feel sensex falling time is postponed (as of now) looks like
let us see the close.
DAER IILANGO SIR,
I AM NEW TO THE WORLD OF TRADING AND THIS IS MY OBSERVATION
THE NIFTY MADE A TOP AT 6338.5AND THE LOW OF 4531.15 THE TOTAL FALL IS 1807 POINTS (6338-4531=1807). NOW BY DIVING 1807 BY 8 GIVES YOU 225.87 ROUND IT OFF TO 226. CURRENTLY NIFTY IS MOVING IN THE RANGE OF 226 POINTS, THE GANN LEVELS TO WATCH ARE:
2. 4757+226 = 4983
3. 4983+226 = 5209
4. 5209+226 = 5435
5. 5435+226 = 5661
6. 5661+226 = 5887
7. 5887+226 = 6113
8. 6113+226 = 6339
THE SQUARE ROOT OF 226 WHICH IS 15.033 ROUND IT TO 15.
THEREFORE NIFTY WILL MAKE TURNS ONCE EVERY 15 DAYS,
NIFTY MADE A TOP OF 5629.95 ON 22ND FEBRUARY 2012
& A LOW OF 5171.15 ON 7 TH MARCH 2012 WHICH IS 15 DAYS.
BASED ON THIS ASSUMPTION WE CAN PREDICT THE NEXT
TURNING POINT WILL COME ON EITHER MARCH 21ST
OR MARCH 22ND 2012 AND THE HIGHER PRICE ON THE NIFTY
YOU CAN SEE IS 5887 IF NIFTY CLOSES ABOVE 5572
BY THE 16TH MARCH 2012 OR YOU CAN SEE THE
LOWER PRICE OF 4983 IF IT CLOSES BELOW 5288
BY THE 16TH MARCH 2012.
I AM AWAITING YOUR VALUABLE FEEDBACK EAGERLY.
REGARDS
VASANTH
Please answer seriously
Who has money intraday today?
Write points earned only
Hour set up has changed to "Bullish" with 2.00PM Close.
Please answer seriously
Who has made money intraday today?
Write points earned only
Now my belief is VIX is in price range where 200+ point move in either direction is possible.
shr - that's y telling upside target of 5570 since 2 days our "duo" too protecting well..is it a indication??
Prabhat - y doubt?? JNSAR is in long only na??? y specific"Q" hi hi hi..pulling my legs for "fun" :D
Master,
Thanks a lot.
New Post Done.
Sis
do you remember "Swami" ?
Post a Comment