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:
Reposting from my FB wall::
Ok , goin out for some work. C u guys @ 2:30
In the meanwhile ppl interested in STOCHASTIC MODELLING of Trades, pls google Peter Steidlmayer market profile
Basics: He says 68% of price Trades r within 1 Std Dev of the price trade of highest frequency (funda of BELL CURVE or BINOMICAL DISTRIBUTION) ...
If CMP is trading outside 1 Std Dev, look @ VOLS.
if vols r high, it means --> Market is on look out for a NEW MEAN.
if vols r low, it means --> Market, will return to within 1 Std dev of Current Mean!
Time, price & vols all roled in one : this is meant for Algorithmic or computer Trading, Lots of Wall street number crunchin maniframes r dedicated to this ...
cheers
That observation of +ve Div on NF 5 mts charts with STS,
sorry for inconvenience
grinder is on
A small H&s break in 2 mnt chart for a bigger plunge below 5240
rgds~Ajith
GA master and all.
Wish you all a very happy Gudi Padwa.
Is triangle broken on downside?
Sir mail sent pls check.
Thanks
Nope not yet, looks like completed "d" , wave "e"
pending...
Ilango said...
A contracting triangle in 4th, as suggested by "bizagra".
If so the last upmove of that triangle may be on from 5225.30 now.
It should end below 5263...may be @ 5250-55 and then...for the 5th down.
All TA points down. down only.
Only above 5295-DEma, the first reversal sign(as of now)
March 23, 2012 12:34 PM
@ Waquar,
:D ..same wave length..!!
While I was posting in "Update-I", you did it here.
Ilangoji, since 5240 broken and 'iii' is on, is your 'alt. view' in place now?
@ Badri,
5250-55 is the resistance again as in a "Contracting triangle of the 4th".
5263 should be the SL.
ok master.
Test :)
SAM said...
Test :)
=========
When is da result
This is the result :)D
Dinesh Rishi said...
SAM said...
Test :)
=========
When is da result
March 23, 2012 1:01 PM
Sir,
Contracting Triangle invalidated ??
Master please check my mail...
Thank you for all the guidance..
Sujatha sis if cross todays high then wait for only 20 points ns. after desired trend.
@Waqar,
In Triangle, E has a tendency to give a false breakout above/below A-C line. It also must be lesser than C. So below 5273, Triangle possibility as Master said, remains valid.
Spammed. :(
Reposting -
@Waqar,
In Triangle, E has a tendency to give a false breakout above/below A-C line. It also must be lesser than C. So below 5273, Triangle possibility as Master said, remains valid.
considering either days low or high have been made
and considering 100pt intraday range then 5320 or 5180 may be
trgts...40 pts move either on break of days hi or low
Thanks Fire :))
@Waqar,
In Triangle, E has a tendency to give a false breakout above/below A-C line. It also must be lesser than C. So below 5273, Triangle possibility as Master said, remains valid.
Why this kolaveri with me. Either getting spammed or comment getting posted as something else. :(
@Fire c is from 5220-5263 =43 points and e started from 5225 -5270= 45 so this way e wave has already exceeded c wave?
Fire
With e crossing c the contracting tringle gets invalidate
This means something else is forming. As per guideline the
"Right Look " is important for pattern to be valid.
Thanks
@ Ashish Agarwal
Yest it was abc developing at 1.30... today is it wave 5
starting..??
@Shivangupta,
Yes, some other count must be in work. Master will give us that guidance.
200ema which gave res to last two upmoves may lend supp now
@Randhir,
Following Master's lessons, this upmove from 5225 is also looking like 5 waves. Not allowed in Triangle. So something else is going on. Waiting for Master to give us further guidance.
On the other hand, 5270-80 is a very strong resistance zone. It must be overcome for the bulls.
On 60 min yesterday fall look like wave 1 and todays rise
wave 2 on 60 min. This means their is more subdivision
and Subdivion retrace only 38.2% or 50% in extreme case.
Wave 2 on 60 min is flat means wave c equals to wave a.
Talking of Nifty Future. wave c equal to wave a ends at
5393 and this also matches 38.2% retracement of subdivided
wave 2.
Hence on this rise 5393 offers good shorting point with stop loss
above 5300.
Those looking to play safe can wait for small 5 wave down rally
from 5393 on 1 min chart and then go short at its retracement
Thanks
Ashish,
Sesex high in morning was 17356, now it went till 17352
while everyone is waiting for 5171, market may run in opposite direction as ususal
ns fall only if < 5250
alarming addition in 5200 PE...almost . 17 lacs OI addition from lows...
NIFTY FUTURE PREMIUM IN THE MEAN TIME HAS COMPRESSED.
Anil
that can be buying toooo :)
march end nav prop up and expiry will take market to 5800 in next 7-8 days
Ashish!
It seems google was warning us in advance. :)
@ DR Ji
SAR triggered for BN ?
Pl advise for fresh positions.
ready 1...2...3
y'day bulls got stripped, today bears...wow what a day..in the end whose tuen now...????
Ilango, your thoughts on the market direction. Now it is up?
Regards
Bears need to act, or BULLs need to take it up..sab 5295 ki maya hain....
bb
sir said
All TA points down. down only.
Only above 5295-DEma, the first reversal sign(as of now)
March 23, 2012 12:34 PM
5 DMA 5282....
if cross below 5220 fast will come 5150
@Cooldent,
I think its time ride towards 5400+++
5295 crossed! :(
wow that was yummy move...i m just loving it..now seat belt on...
ns has run up too far and too fast
F&o turnover so hot....
116,800 cr...
still almost 1hr to go.....
Master's lesson -
Selling at 61.8% RT with SL @80% RT can be a good low risk-high reward trade.
Bears screaming PT(Nimesh bhai).....pls help them.
New Post Done.
(I have very bad "NET".)
@Nakshatra
LOLZZZZZZ ....
4th is on and may spill over to monday as said by Ilango sir ... No need to Worry ...
ohhh yeh kya ho raha haih..
5300 & 5400 ke writers active ho gaye..sabere se so rahe the...
5300 PE - 8lacs OI added from lows
5400 PE - 2 lacs OI added from lows..
Sir,
Golden ratio 5303 point to sell with 20 slo ?
big volatility this week.
now only below 5210 market can go down.
strong support built.
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