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...
47 comments:
@ VK,
I have clearly stated this:
This requires knowledge of few studies such as TA, ORB, Pivot trading.
Only if you understand the "Intraday trading techniques" using these studies as well as some stuff mentioned in "LABELS" section "Global cues", you would then become independent to "Trade" your JNSAR positions. This trading opportunities aren't available all the days.
Assess your "Risk-Reward" and initiate trades.
Master,
Is nifty making Inv. H&S Pattern…
Click Here to view the chart.
Pattern marked in green line.
Hmmm….. some fight back expected from Bulls…. but should not be in a hurry & so fast…. Otherwise it would be again sell off very quickly…Patience needed…
DEAR SIR,
IF 5391 WAS NOT PROTECTED ON CLOSING BASIS THAN
WE SHOULD SHORT AT THE CLOSING OR BETTER 5353 JNSAR
BREACHED THAN ONLY WE SHOULD SHORT?
Thanks llango Sir,
I have started learning technical analysis & understanding the technical table in this blog.
For my understanding; if tomorrow JNSAR level is not breaks today,
can we safely go for long trade 2 lot?
As you have suggested, we should protect our profit in the morning ie selling our open 1 lot.
Re-enter based on the suppport level mentioned by you.
Please guide me to understand.
VK
Dear TOT-Amit!
Your Inverse H&S is valid observation, lets see how it unfolds on bigger event like Budget:)
Illangoji,
price is consistently below 34HrEMA since 2:00pm (currently @ 5392)
Do u see 34hr EMA as a LEAD INDICATOR ?
I am suing 68hrs on 30mis in goo-fin to simulate ur figure :-)
Any better way to do it ?
@ VK,
You need to understand TA better before venturing out to these trades.
Based on one of our "Intraday technique" in google intra chart, Nifty, since morning, has been trading below its 34Ema.
@ Shriram,
Lead indicator is: DHEma which generates the first signal for a sell.
During downtrends, it is DLEma.
@ ILLANGOJI,
BEST OPTION 34EMA IN 2 MIN. OR 5MIN.CHART
thank you Kumar sir for confirmation.
Bounce is need of the Hr. otherwise threat for the entire up move… Touched almost Dlema….
thanks illango ji
mm.. TOT-AMIT - yeah day before itself i thought about
that but didn't post as i am BIG ZERO IN TA 5370 + 200 hence posted yesterday and today too the target of 5570 :P let us see. even above i hv "as per long term" :(
@ Nilesh,
In a trending time, 5 min's 34ema.
You just can't get everything into "abstracts".
You have to choose depending on situations...depending on your style..aggressive or not.
"Why in capital letters?, Nilesh.
You had some troubles here last time...??
dear sir,
no sir. sorry for capital letter.
+ve divergence 5min chart.
dear sir,
if 5ema not protected than do short or wait uptill
tomm.jnsar triggering.
@ ToT-Amit,
I'll update the chart with your "Inverse H&S". The support should be around 5325-40 zone.
It coincides with a critical low of "5328" made after the 12th gap up @ 5420.
If that holds, the pattern has a chance.
I always don’t read all the comments of blog mates, I read only Ilango sir comments…..from which I know that in today trending market which was very easy if you have gone in right direction and also very difficult if you are in wrong direction.
I always use intraday chart with 34 EMA , and since morning market was down , NIFTY future even not cross 5490 which was yesterday strong support.
Nifty started falling@ 10.50 Am or say 10.55 AM, I mean before RBI Policy, its mean some one leaked the report…………..
@ Nilesh,
Always base your trading decisions based on "new signals as they appear in Tech.Table".
Once you do this, you'll stop searching for answers and start to "Get Rich Slowly & Quietly".
Ilango sir, 5h.sma has come down to 34h.sma.. fingers crossed for holding 5380 NF.
@sujatha maam, I also noticed it day before yesterday but couldn't update due to lack of confidence.
@ T-O-T Amit,
You must become "Shameless"(Shed inhibitions) to attain your true potential.
illango ji,
have observed this 5-10DEMA "hook" (gives BULLISH SIGNAL & then inter-leaves the 10DEMA , earlier @ 5740 , are we in a similar kinda situation ?
Thank you sir,
Sometimes I feel it is too early to call it a pattern..
will try to be more confident in my analysis. :)
TOT - I feel it's pakka check onceagain check with candlestick pattern
Sir, - Is it possible to provide "candlestick pattern" in your charts?? tks n advance.
@ Sujatha,
I must try it out this weekend. Why bar chart....for some big trending moves could easily be kept in view.
In excel, candles visibility possible only with lesser periods.
@ Shriram,
Each situation & technicals are different..weightages vary. Nevertheless,keep an eye on it.
Now the fight for "5391".
plz help me to read the tech table nd wre is Dhema located m nt able to find sir
Prince
links given on top right corner
Always Start Trading with these
1. Trending or Sideways.?
2. Pivot, support & Resistance
3. ORB
4. Divergences + / -
5. Trade time cycle-Min/Hr/Day
6. SAR signals.
7. Trading Discipline
8. Tech. Table Reading.
@ Prince,
In the above Table, "High ema under DAily" is called in short form as "DHEma".
For Beginners
Tech. Table made easy.
Trend following & Tech. Table reading..
Tech.Table Reading
The simple power of trendlines...
http://imageshack.us/photo/my-images/21/nifty5min2.png/
Dear ToT-Amit!
Jaago Bajrangbali Jaago....You have enough potential. If my memory is right then i still remember that in 2010 You recognised a fast rise pattern in Nifty & RIL and Nifty jumped in 10-15 minutes 75-100 points, am i right?
@cooldent
who's the child in the pic?
@PS
Cooldent ki ankhon ka tara
thanx sir
Approximate closing price please
plz help me to read the tech table nd wre is Dhema located m nt able to find sir
@powertrade
aakhon ka taara means???
PT
:)
If Bulls shall not come back tomorrow itself then Question mark on up move?
@prince
look all the pages under heading...
'Always Start Trading with these'
at right side of blog..
Kumar Sir,
I am not able to recall the incident but I am really grateful that you remember it.
thanx vry 1 sir cn u plz guide me to follow 1 thing in TT as per ur expierience
@ Ilango
1. To day's red Maribozu engulfs day before yesterday's green candle.
2. Even otherwise yesterday's and today's candles together constitute 'Gap up two black crows.
3. The momentum in week chart is downwards.
4. In hourly chart also it triggered today towards down.
All these factors suggest further down move is highly likely.
I got out of my longs and not initiated a new trade.
Your comments will be greatly appreciated.
LV
Dear Ilango,
Is it tough situation? Because JNSAR for tomorrow is below Dlema…
Sir I feel it is an Evening Star on day charts .
hi.nice updates
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