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...
94 comments:
@ eevra,
on 30min T/F for nifty spot,
@ 12:00 noon, 18EMA = 5289 , & 34 EMA = 5316
Lets c if price can trade above both these in the coming 30min intervals
cheers
Where is bear,
Bear With Beer ... Cheers Jignesh
Plz take 3 mint break from trading for
F5
http://www.youtube.com/watch?v=HuwhTmM_QGQ&feature=related
if feel like dancing dont hold ur emotions
Kumar sir - NAV.. agree but y can't they start now itself?? then fall in april?? coincident with RBI announcement :P just a wild thought..SL is always there but not able to go "out" to see personal work becoz of this grinding :( just went out for 45 mins. god's grace still grinding :D
Nilesh/anil - am not "big Bull" but expecting some reasonable retracement that's all"donno how my funda will work out" :( if worked out well huh..:) BNF/sensex/NF all pending with theirretracement
PS : PT - y this kolaveri on 5171 :( :( hold it let it breach in April
ILANGO sir if m traing with LEAD indicator i hv to be in buy nw bt plz guide wt SL should i maintain as lead indicator updates after 1 hr.......plz tell
To sujathamam;
mam i join bull party
@Sujatha
EK Baar Bus 5171 Lado :) :)
Sushil - maintain your SL strictly :)
PT - EK baar busssss Choodo :) :) instead Lado :P
hahahaha Sujatha :)
OT:
Anybody travelled on the Coimbatore Duronto ? Is it any good ???
DEAR SIR,
IF AT 1.00 PM CLOSE ABOVE 5288 THAN A SOME BUY POSSIBLE?
Goodafternoon Ilango sir and all the blogmates!
Thank you very much for Equinox info.
I made my three wishes.
NS Struggling to move past D.Pivot
@Sujatha, good one!
@ Sis & PT,
Look into the indiavix charts. vix is @ 22, below the
day trendline. if today close will 22-22.50 it is good
for bull party. Let us see how it unfolds.
Dear Sujatha!
No ifs & buts, this 5330 was my stoploss on Budget day & if Nifty sustain above this EOD then i will join you for 5425-5450. If 5330 not crossed then PT's 5171 is going to break & then real panic will start in mini bulls camp:)
@sujatha
i am too only for retracement..remember told
positional longs only above 5365...that too at that
time...wht situation demands....
sorry for late due to power cut.
i join Kumar Sir to make all three wishes for JN family
best of regards
@Kumar Sir,
Ameeen :)
Shanghai closed near lows. Nifty to follow suit?
nifty,
there is no problem with duronto, since there is no stopage between stations, there is a chance of water scarcity……but overall very good for the peoples who are travelling point to point(Chennai – Coimbatore)
Master
I can understand the outlook of the market to some extent after following ur guidances for the past 6 months. Nowdays i can read TT ,but i fail repeatedly to predict the targets or exit point nor the parameters to decide on that.
Can u pls let me show some ways to know that
i just started crawling need ur support and guidance
so that i can walk slowly n steadily with ur blessings
where are bulls ???? gone
Kumar sir - Same 5323 EOD closing basis inbetween trade 5200-5300 :) both sides as 5200 is impt for me. but this time it will not hold 5171 if hold then double bottom so more downside left??
@Sujatha Mam,
i am bit confused about Camarilla, each day a new strategy
is flouted denying the earlier one. which one should i
stick to, please advise me and oblige.
should i follow the one of Sourabh Gandhi alone?
thanks
Sir
could post my questions
Can u accept my request to allow
Wow....Now Anil coming to bear camp, PT already here...Now only Fire needed & lead indicator JNSAR already with bears:)
Trading with retracement/pull back expectations – 20-20 game. Have to hit every ball and you cannot wait otherwise you will end up with a low score.
Trading i.e, sitting with position on the right trend – Test match. You can stay for very long time and score will be good. Even if you miss to perform in one innings, you will have another innings.
NF made four attempts to move above Tenkan Sen of Ichimoku
hourly chart, but failed. Ichimoku Kumo twisted bearish,
a significant indication. eod closing will be important
I am in PT's camp
Master
Can you guide me how to derive the exit points after initiating a trade,wat are the parameters to be considered.
Myself doesnt know EW,following TT only
Nav funda – March performance
2003 -85.20
2004 -28.40
2005 -67.60
2006 327.85
2007 76.25
2008 -489.00
2009 257.30
2010 326.80
2011 500.50
india VIX below supp of 22
but ideally this happens when nifty moves up..why is
it falling with fall in nifty??
@STOCK4SURE
On budget Day also with VIX 3 % Down We had a Fall from 5440 to the odd 5300+ levels
re-calibrating the possible alt wave count for EW folk :-
1.1 4531 4801 270
1.2 4801 4577 -224 -83.0%
1.3 4577 5629 1052 389.6%
1.4 5629 5171 -458 -43.5%
1.5 5171 5499 328 121.5%
Tgts for ABC 5499 5079.564 -419.436 (38.2%)
(Min tgt for CORRECTIVE is 4th sub-frac of prev IMPULSE , i.e 5171)
within this "supposed" ABC
A.1 5499 5367 -132
A.2 5367 5434 67 -50.8%
A.3 5434 5262 -172 130.3% (sub frac A.3.3 has already done low of 5339)
A.3 shud tgt 1.618xA.1 = 5220
Lets c
To all,
big day for greece today greece bond will get mature
5264 broken decisively ..... tgt 5230 /5215 intraday ???
Good Afternoon Everybody
Good Noon Myanc :)
World Sparrow Day
The World Sparrow Day (WSD) is being celebrated on 20th March across the globe to raise public awareness about the decline of the house sparrow and throw light on the problems faced by the species in its daily fight for survival.
http://www.worldsparrowday.org/
Parimal & all who would like to trade CAM -
It's not easy to sit "only with price" and trade it took me "ONE AND HALF" year to settle down it's better to stick with "easy plan" side by side "learn" CAM if you want or chodo 1008 methods are there in the market "find and follow any one" i used to "trade some short term" as an addict still not able to come out as i started my trading with Intraday only..:P
Apart from this "i am mingling something else" which is not easy initially, so it's better to "stick with systametic method"... in this way "i second Nanjil's"
Good Morning Ilango sir and Blog Mates,
So far yesterday low is protected and taking out yesterday high is confirmatory signal that down trend is over and nifty is progressing towards northern side
Parimal ji,
I am a privileged person like lot of TN people by having ELectricty Minister as a schduled Guest as well as by surprising us as and when he pleases.
IS IT possible?
ns may make lower low near 5220 and may move up in last
hr to close near 5278 and a big gap up tomm abv
5320-30 range
Confessions of an intraday trader
As per CAM today
To enter short position (i.e. To Sell)
o Wait for the price to go above H3 (5285) and then when it moves back below H3,sell
or go short. Short call became active!!
Price above 34 ema in 5 mins. How can i short???
ORB gives breaks out!! Wt should i do? Cover and go long?
Sir says if hlema holds another move towards 5310....Scratch scratch
Cam expert sis is long. Oh my god!! Now what??
In the mean time 25 points done!!
Sujatha Mam and Cooldent
it is quite rationale and practical to think in line
with yours. -- to combine judiciously two or more
systems, but not to mess up with too many. hope time and
experience will teach the best way, with kind guidance
from seniors here
thanks a lot
Any thoughts on the RG Equity Tax Saver plan in budget?
Seems could be a game changer for equity markets in
coming times in India.
cooldent - already DR declared donno the exact sentence but = he is not happy with this system it seems so the leader is not happy "y students"??? comparing with this and that will give "more confusions".
@Myanc
sorry for the Typo Mistake ... Can BN fall below 10k today .. ???
DR Sir ??????
Again Sorry @ Mynac
Sis
I was just trying to tell how difficult it is to stick one system and how we can get confused with noise
NF knocking at 50 sma (5257)
Day low broken & now yesterday's low on radar.........
below days low
Dear PT,
Very hopeful about 5227 if it breaks yesterday's low.
At present it looks the timing of the fall is inappropriate is feeling. Market is supreme so let us see.
Dear Master
I second the views of Cooldent.
Had loss .
Manish
Why you had loss?
Did u stick to the system?
sam sir ,
is there any chance of nifty towards 4200-4300??
if someone was followinng 34 ema he/she would have made money on long from open and on short also.
The fault is not of the system. It is in not following the system
wav yesterdays low broken.....
I remember mynac often says “ fall is ok but timing is not ok”
Yesterday low also broken, now 5200 also needed for pressing PT's panic button:)
mynac,
You told it now :)
I posted it thinking that you will come with that view
@Mynac
thanks a Lot
@Kumar Sir
:)
@GKM223
Itna ot meine bhi nahin socha
@ cooldent
It was brokerage which was heavy.
Dear nanjil,
Regarding timing… :) Now it is compulsion for Sellers to keep Nifty down this Hr. low for the day…or 5255..
By master
For intraday, Break of 5264 is the first signal to sell or the resistances around 5310-25.
March 20, 2012 11:55 AM
I think Nifty is forming bow and arrow pattern
Mynac,
Yes its reg timing. It works mynac. You are absolutely right that once the pedal is pressed, it should be hardly pressed and only the late hours or the open hours are suitable for that. Now, it’s done at wrong time and if the force is not enough then bounce will be sharper.
No TA view but quite convincing logic.
Dear PT,
5227 is strong Monthly support as per my understanding…Let us see.
@pt
lol
arrow should touch if not cross 5305
Dear PT,
& though yesterday low is broken strong writing evidence is there @ 5300 PE since morning…But not that much @ 5300 CE…I would consider that Final close above 5255 would be win for Bulls.
Today's last Hr.would be very interesting & fiery..
Dear Manish
change you broker if need be. LKP, Unicon -- cheapest
brokerage charged
@Mynac
Now really confused So keeping Strict SL on the System Itself :) No Tension Now
@Parimal
Thanks parimal.
hi to all..... i admire if anyone pls help me........there are really good traders i am finding here i wanted to know that do you use any software for intraday charting....i want to use one charting software kindly tell me which is right one for me and its pricing also........pinku
arrow has been shot
Wo gana yad aa gaya
Camarilla trade:
Scenario 1
Open price is between H3 and L3(5285 & 5229)
For Long
Wait for the price to go below L3(5229) and then when it moves back above L3, buy.
Stoploss will be when price moves below L4. Target1 - H3, Target2 - H4, Target3 - H5
For Short Sell
Wait for the price to go above H3(5285) and then when the price moves back below H3(5285), sell.
Stoploss will be when price moves above H4. Target1 - L3(5229), Target2 - L4, Target3- L5
Camarilla follower would have sold @ 5285 and covered closer to 5229(5233 low).
Pre market's support shown as 5225-5240. for intraday.
BN again the Leader
Dear PT,
Do you know today’s secret behind these comments?Let me tell you.. It’s Hr. KST..indicator again..Remember last comment at the time of current fall from 5400 & Hr. KST.Today since morning Hr. KST was suggesting pause or up move from yesterday low .Just have a look @ it after this Hr.close.please.
P.S.
Just heard short call on Nifty from one analyst on CNBC which took me the confirmation for hrly.reversal.. :)
Hold ittttttttttttttttt
Many shorts created at wrong time and the lunch time to eat those stop losses.
mynac
Lolzzzzzzzzzzzzzzz
Just heard short call on Nifty from one analyst on CNBC which took me the confirmation for hrly.reversal.. :)
Re-calc the Alt count with low of 5233
The ZZ down from 5499 is as follows :-
A.1 5499 5367 -132
A.2 5367 5434 67 -50.8% (expanding CT)
A.3 5434 5239 -195 147.3%
If this is to morph into a 5 wave....
A.3.4.a 5239 5297 58 -29.3%
A.3.4.b 5297 5233 -64 -110.3%
A.3.4.c 5233 5326.844 93.844 161.8%
We can go ideally to 5327 , but not beyond 5368 (4 into 1), before turning down
Combining this with 34EMA on 30 mins T/f @ 5303
High Probability Scalp Long Trade is ON if we get close above 5303 @ 14:30 hrs!
cheers
New Post Done.
@DR
Was it ASR ? But he doesn't come on blue
channels. Here's what he had to say.
Below 5266 if stays for 15 minutes or more…………..PANIC will continue !!Click Link to see Lower Targets.
From 2:30 till end session will see Unexpected move.
As Expected AXIS BANK ,Bombay Dyeing ,Auto Stocks …………..In Freefall mode !
Technically Yours
Updated at 13:18/20th MARCH/BARODA
Sir,
It's better to remove 'CAM" if you don't mind..people hv lot of confusion i believe "and thinking lot of noise" too :) If all is comfortable @ JNSAR any emas that's better i feel. Not only intraday if any one shorted based on weekly cam L3 they could hv earned little atleast.
in all system watever it is - my basic rule is - don't book loss unless 'ur STOP LOSS " hits if v
turn often our trades "brokers only will earn" 2) if the
Q is - No i know it will come down then do fresh trade cover it.. but hold the another one with your SL. whipsaws possible at any system whether in charts or using calcis.
I took confirmation
from
Mynac post and added one more
& went for lunch when came back
without second thought booked it
"As this is trade against trend"
@ nifty
Plz ignore ASR
Sujatha ji,
cam's is not confusing,
people here r making it so.
DR sir Sahi Bole ... ASR Bakwas hain
DR sir Sahi Bole ... ASR Bakwas hain
Post a Comment