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...
73 comments:
Illango ji,
Nifty forming some kinda intra-day flag ??
break-out above 5332 ??
Day JNSAR up but week JNSAR dn.What this is indicating ? A consolidation ?
"5340"
Sorry week JNSAR up and day JNSAR dn. What this is indicating ?
So as per TT 80% 5340 wall like Dravid :) Was waiting
with bated breath for ball to cross 5340
JNSAR triggered
A new innings in Sir Dravid life
fans will miss out on his
sportmanship
cheers
Fully prepared to cross 5340:)
@Option experts: Anyone noticing the huge 11 lac OI addition in 5300 put?
Is concrete being laid @5300 or is it some quicksand for bulls?
"5320" should hold for today's upmove to continue.
Sir,
Can place SAR @5319 or 20 pts as being the first day of trigger?
@Illango ji
1)5WKEMA 5346
2)JNSAR Monday 5326
3) But above 5DEMA @ 5292
Please could you guide on what could be the strategy..
Still holding JNSAR short trade.
Thank you very much!!!
@ Illango ji
Understand they are 2 completely different trades..
however your suggestions always help...in growth.
Thanks
@Prabhat agree with you ... it was the 5300 put huge OI addition
... which is putting solid base at 5300.
Why unwanted pressure upon Master? JNSAR has totally different qualification so do not mingle it with others. For buying ORB gave buy in morng itself, HEMA also gave. Option Interest also giving buy signal since morning....so JNSAR must be honoured exclusively.
He is my Master, his words bring knowledge,
and his silence brings knowledge too.
I wonder why somebody has to pook in
between a Master... disciple relationship.
Kumar ji,
A small doubt,
When u say :
" For buying ORB gave buy in morng itself,",
can u pls explain how to interpret ORB pls ?
urs
Dear Geet!
Agreed, valid point...keep continue:)
5340 broken
5340 CROSSED
dose 5340 have to be on closing bases
shriram
http://tradeinniftyonly.blogspot.in/2008/11/nifty-intra-day-trading.html
Geet
please dont misunderstand Kumar Sir. he is not coming in between you and the Beloved Master at all.
a lot of members especially seniors take lot of care particularly not to bur
burden the Master who is so very benevolent. he is always ready to teach. but we must also understand not to bother him too much. a senior person can give you the answer lessenig Master's pressure. i hope you donot mind my words
@geet
Mind ur language, kumar sir clearing ur doubt then why this?
Price and Kumar Sir says
http://3.bp.blogspot.com/_jebCzCRp3eY/TJ-e1QhkROI/AAAAAAAAAAQ/xj3Aq4Wo0vs/s1600/Lalten.jpg
Geet
while addressing to senior members
plz dont forget the decorum
Master always replies to each and every doubt of
all members
but if Kumar Sir being a senior member said something
either follow it or 4get it and plz dont make it a issue
Parimal is right
@DRSIR
thanks for timely entry
will weekly 5 ema...close streak continue this week too...
it is a one off for
GEET
will let it slip
DR,Kumar,Fire,forgot SIS they do a good job
monitoring us students .
Kumar sir meant well
cheer
@ Parimal ji
Where is the time to misunderstand....when I am short of
time in understanding my self.
Thank you for your kindness:-)
hit and run
Cooldent - refer "11 am reply toyou @ part I" sensex giving false breakout @ 514 not able to sustain here means "PT's hand is high" :) :) close below 17500 K and 463 below is good for bears . let us see. hope PT will 'start his winning side" by next week if sensex not cooperating
PTTTTTT - log live right entry???
POWERTRADE said...
hit and run
===========
Nothing doing, we all are here brothers and sisters
no hitting business :D
PT - sorry "long live" :D :D
seems ns may close below last week close at 5359...
bullish or bearish??
I am now long @ 5340 NS... what shd be SL ?
@homeopathy_doc
Ilango said...
"5320" should hold for today's upmove to continue.
homeopathy doctor - your SL is "Bakson B10 drops" and Caliphos 6X :) :)
Tks coodent :-)
@kumar sir,DR,Sujatha
next week full of events..every day..volatility will be name of the game...
IIP data
inflation data
14th - railway budget
15th - rbi meeting
16th - union budget
and also weekend price hike this week...but it seems it got factored into..lets see...
@ NIFTY
Thank you.. will wait to see if " closes " above 5320
@ Sujatha
Calc phos usually given for "weak persons"
Points taken. Thanks
Sir,
Can we consider Monday JNSAR (5326) now to take long position?
Thanks,
Jana
Anil
when in doubt stay out is mantra
but if one has doubt regarding mkt due to major
event
Long straddle is best
@PT is this Hit & run?
http://slices-of-life.com/wp-content/uploads/2012/02/hit-and-run.jpg
@sujatha
me getting itching...if close near to highs one more gap up...
if NIFTY is closing above tomorrow's JNSAR @5326 then please carry LONG positions even if todays' JNSAR @5344 is not trigerred
@DR sir,
yes..rightly said...doubt still there as closing below weekly 5 ema..despite we r so near to it...and daily low ema held...may be a day or two of consolidation again...
Anil
एक बार जोर से कह दो - BTST
@Sujatha ma'm: I burst out laughing reading your last comment.
Ma'm: What are your closing levels to carry fwd longs taken
@5300 spot to Monday?
I feel some positional strength has come in looking at 5300 put OI additions.
@DR
voices of very few is entertained by god...sis is one
of them...oh sorry how can i forgot...prabhat too...
homeo dr - just for fun - i closed my long morning itselfif at all i would hv in long "i need both of it for sleep" :P reason for not holding long - it touched 61% of fibo + 30 mn. chart is "fatty" + as per old chart of 30 min. an upmove "has come" + yesterday world showed green so today is our quota. if DOW show something "it's colour" then monday -ve atleast flat...i will decide there :)
anil - but i am out.."like point to point journey" for me
no secondary thought once my target reach will get down don't bother whether moving up or down
Lolzzzzz .....DR Sir ... Sujatha :D
Anil
u want to say
that I should request Sis for favor
Nifty looks to end
Day - V Bullish @ close >> 5DHEMA (5258)
Week - Bullish @ close >> 5WkLEMA (5220), buy for tgt 5WkHEMA @ 5428
Month - Bullish @ close >> Buy & sell for 5MntHEMA (5398)
Obvi, no pt talking Month now , march 's just started :-)
Basically, looking @ Hi-Lo EMAs,
Nifty is knocking on the Ceiling again, as a TREND FOLLOWER , Nifty shud be seen as giving a BULLISH CLOSE ON WEEKLY ??
cheers
Some time having "No Position" in market also a very good position.................
@sujatha
yeah rightly said...good to hav..rest on weekend..
rather than worrying abt dow uncle...
@buggie advani said...
it is a one off for
GEET
will let it slip
Advani ji Ever so grateful:-)
Wonder why so many have to butt in...for a non-issue,
which Kumarji graciously let go!!!
Prabhat - no long.. one small put for safe closing may be around
5327 or 33.
monday may be a day of consolidation
D R Sir!
B T S T....................
Wow, SBI and AXIS Bank both up by little more than 4%
@DR
no sir,but surely ask u some other day..today already
have full meal...
closing all...
Geet - OK.. am just for "fun" here always whether mkt or OOT
here is one for you -
convey my regards to "Aditya kashyap" and ask him what is his "next film" lolz :)
@ Sujatha Di,
Shall do...have a lovely week end:-))))
hehehe....
@ Geet:
Have been reading ur msg silently till now.
May i say: PPl "butt in" becoz they when they feel u hv been "rude" to some one whom they "love & respect"
It wud be best for URSELF, if u write only about TA.
Dont react to others & do not worry about personal comments, but before that pls do not be "rude" to a person trying to help u
Samajhdaar ko ishara kaafi hein, best of luck
Week T/F: Three black crows. A bearish scenario.
However, the third candle is stalled. Meaning thereby bears last their strength. Even then some fall is expected next week from here.
As DR says long straddle seems to be ideal or as Sujatha says one may wait.
LV
@geet sir
Coz ur out of line
bears mauled ... long term view changed?
Geet - ha haha thanks for "not punching on me" :) just take it "lighter" (not the original lighter)
Prabhat - hey send me 1/4 of your profit man.. hope closed @ 5333 :D
5340 holds on closing basis - Filter helps intraday.
Venkatapathy Sir,
Long straddle is advisable only on the day of event
or a day before.
If one take it early 10 points loss per day is sure.
Have a Happy Weekend
why not blend the 3 crows
to make Blenders Pride
http://stockcharts.com/school/data/media/chart_school/chart_analysis/introduction_to_candlesticks/candle5-blend3.gif
sir...nifty closed below DHEMA...is it unsafe to hold longs...
Post a Comment