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...
143 comments:
back to PT's den!
back to 5268,5171 discussions!
guys.... cool down! ENTRY is ok.. now, where to book profits??
Look @ CANDLE REAL BODY TOPS for Support Zones : 5292 / 5241
cheers
"5275" DLEma is a minor target....for a pause..
@Nanjil
ameeen :)
book 50% there, and carry rest with TSL as 21EMA , 5 mins !
"iii"rd of 3rd is still on.
Once that is done, a "iv"th and then another low for the "v"th of 3rd which is where you could part book to resell at "4th wave.
OR HOLD ON.
5256 is the support based on yesterday's candle.
5244 is the open window based support.
LV
Are the Black Swans Active :)
@ Ashish Agarwal,
I have found the selling at 61.8% retrace with 80% as SL to be a good strategy.
i.e. whenever opportunity unfolds.
Illango ji,
One more obsv for ur analysis..
EOD close below 5301-5302 will mean break of Lower TL support comin all the way from 4588 !!
Wud tat b a SHORT SIGNAL FOR SWING TRADE as per TLs ?
urs
"5290" may be the "iiird of 3".
SO it is not the iiird.
@ Ashish,
On a day like this, take previous day's low ema-5274
Respected Sir,
Pranams.
yesterday i took long @5368 NF and today reversed at@5359.
can i hold for jnsar method.
Thank you sir.
Sir pls a chart with lables
Thank You
dayakar,
when SAR for next day is at cost price or better than cost price and the trend is in favor of the position, one can hold the position.
common sense!
5292 is a 30min CANDLE REAL BODY TOP....
Lets see price @ 2:30pm ..
if it stays above, its time to book profits...
@nanjil sir,
thank you sir. dont know much about trending.
i am a begginer. i hope commonsence develop may be after one year learning.
Thank you
5292 has fallen by the way side :-)
Next tgt 5241 or carry SHORTS wid TSL as 21EMA, 5mins !!
5264 50DMA
@ dayakar
Don't worry. Even after decades in the market I do not have the common sense. Please don't discouraged. Your day will come.
LV
No Pause at 5275 Sir ::)
Thanks a lot sir (GOD):)
@PT
Shall we have a beer!!!!!!!
55DEMA has supported the falls from 5629.
Currently @ 5245...
if EOD closes below 55DEMA, a NEW DOWNTREND may hv commenced from 5629. As it is we are trading well below the Support TL on the EOD charts.
5245 is the last SUPPORT !
Ilangoji,
My heart felt wishes to you. You are INCREDIBLE :)
Salute to the Master.
Illango ji,
just three words for you
"too much"
and
Salute
@Indus,
Definitely ... chilled Beer :)
"5257" may be the end of 3rd.
4th could target 5300+ for a resell.
Do the retracement for 5362.75 to 5257 now.
Now there are FII's, DII's and JNI's :)
all of yesterdays move retraced!
is thr any possibility of a dead cat bounce now ns
at 5264
Master, you are Sachin Tendulkar in Nifty Match. There
is only 1 Sachin and only 1 Master
Illango sir,
EWT is sometimes, like the ONE RING OF MOUNT DOOM, from LORD OF THE RINGS !!
makes one search for reversals, like it turned SMEAGUL into GOLLUM :-)
We are trading below all supports & 5DLEMA... y look now for reversal here ?
All said in jest, pls dont mind :-)
urs
ns below yesterdays low
Ilango sir..now 4th can b flat or triangle as 2nd was zig-zag???m i following it correctly??thx
trendline support - 5250
of lows 5172 and 5233
BNF is bleeding...i closed too early..nevermind trader has to win in the long run than the analyst...positional shorts continue :)
3rd wave is extending...Now think about closing only below 5233
The Gap of 7.3.12 also filled at 5244
LV
Ilango sir wht is 5233??
PT,
Freeze lagavo ge kya?
5233 is the last low i believe
Only one close below 5217 rest u knows friends.
@SIR
Bas ek close chahiye 5217 k niche
5243.25 is the LOW made.
Last 30min CANDLE support is 5241
If this goes.... then next support comes on EOD T/F @ 5217
@DKG,
Spring Equinox also has its share :)
@bizagra
previous low
@Indus and Aly..thx
friends, 5243 week low ema.
@PT
Don't say no today, close below 5217. We want close below......
@ Powertrade
Spring Equinox effect Raghuvanshi has been telling
from Rooftop on daily basis.
This whole uptrend is in trouble.
Wen price repeatedly seeks solace near the 55DEMA floor,
there will come a time when tat FLOOR simply gives way !
Sir ji,
Can say only 2 words - Hats off!!
Salute to your knowledge , dedication and patience .
You are True Idol For every trader in every aspect.
Thanks a lot for everything.
tomorrow we might open below 5171 the 200dma and break that key support...dow is likely to bleed tonight..futures n europe are already under attack...usually such strong support get broken only through gap downs ...
@powertrade
now we know your first wish
what were the other two wishes
did you wish rajinikanth to short mininifty
@Jignesh
Paccu avse ... :)
BNF is making me jealous of my poor intra trade :(
I witness the power of EW.
Sad! I am not able to comprehend anything about it after spending months with Beckman, Geely and others. Around half a dozen books.
Well! Sir is there. I follow him.
LV
"When market unfolds with such clarity, why hesistate...
Act "Shamelessly" to realise your true potential."
So beautifully put :-)
possible wolfe wave pattern in daily charts, target can be 4300 in nifty.for this Nifty should go below 5180. This is just my observation.
@PT
Kai ghate nai !!!
Look at VIX!
5084/5160 is the WEEKLY CANDLE SUPPORT ZONE for tomorrow
sorry weekly charts.
@PT
Q)Who is the grand daddy of bears and bulls?
A) "Black Swan" :D
I think all are aware about Tomorrow 's holiday
only thing to remember 5080 is strong support.
so bears should exit at about 5100 level.
5445-5233=212pts
5385-212=5173..channel trgts
@Jiignesh, not mentioning about tmro in the NSE holiday list. can anybody confirm the same. Thanks in advance
@ sir
market could retrace back
to 5271 tomorrow
pls confirm
thanks n advance
jiignesh ji,
nse &bse r working
Is tomorrow holiday ??
22/03/2012 13:47:04 : On account of settlement holiday in view Gudi Padwa on March 23, 2012, there will be no pay-in/ pay-out on March 23, 2012. Deliveries purchased (both NSE/BSE) on March 22, 2012 will not be available for selling on March 23,, 2012 as the Pay-in /Pay-out for both the settlements have been merged on March 27, 2012.
DR sir
ye kya kiya?
jst reached goa and even sea looks red
@ LV: @ risk of inviting wrath from EW fans (i was one too)
My view: EWT is like the ONE RING
Very lethal...puts the "BEARER" in ILLUSION.
Q: y so ?
Ans: Becoz we Lable as the waves are developing. V Low probability game on smaller Time Frames
EW is best kept for academic musings, or for IM / PRIMARY & CYCLE DEGREE SWINGS ... ofcourse ppl might not agree :-)
cheers
correction
i meant NS
cheers
Dear Ilango Sir, Your selfless guidance is amazing. Words are hard to describe. Thanks a million for your guidance. Shameless question.. what is EE
@AJ
Lolzzz :)
will today candle be bearish engulfing??
is it true that tomorrow is holiday
Nse says tomorrow gudi padwa and trading will be closed
Swami Shivkumaar
Update your Profile (email address)
to know about EE
is tomorrow a holiday?.........NSE site is not saying so
sir pls load today's intraday charts with labels at the
end for reference abc 12345
thank You
cooldent
Lolzzzzzzzzzzzzzzzz
EE done
EE done!!!
@DR sure will do it.
@jignesh,
Give us link where you saw that holiday? For equity market there is no holiday tomorrow.
@DR
what is EE?
@ buggie advani,
It could. Not sure.
But more lows should happen.
Once a trend is known, trade in that direction.
PT
Ba Ba Back Sheep Had u any shorts
Yes Sir Yes Sir
Three Lots Full
@stock4sure
it will be ultra bearish engulfing..candle has already retraced the moves of past 2 days...it is very bearish
Today's candle is to be interpreted as a single candle line.
Itis long real black bodied candle. It is significant in its own way in offering resistance and breaking the supports.
LV
tomorrow is a clearing holiday and not trading holiday.There are 2 types of holidays.
Kris
Plz dont mention here
Pankaj Shukla
check ur mail
sir one honest confession. my trading has
improved after regular ee
@buggie AdvaniSir,
Tanks for your timely help like Ilango Sir,
You convert my loosing trade in profitable one.
Thanks a lot....
Holiday details on NSE
CBM 23-Mar-2012 Friday Gudi Padwa
CD 23-Mar-2012 Friday Gudi Padwa
IRD 23-Mar-2012 Friday Gudi Padwa
WDM 23-Mar-2012 Friday Gudi Padwa
CBM Corporate Bond Market Market Timings
CD Currency Derivatives Market Timings
CM Capital Market Market Timings
FO Futures & Options Market Timings
IRF Interest Rate Futures Market Timings
MF Mutual Fund Market Timings
RDM Retail Debt Market Market Timings
SLBS Securities Lending & Borrowing Scheme Market Timings
WDM Whole Debt Market Market Timings
Now why is it a Holiday for FO tomorrow?
SorrY sir and friends i miss guided you.
Nse site showing
Corporate bond market
Currency derivatives
Whole debt market
Interest rate future
Will remain close
So capital market and future & option market will remain open
DR Sir,
Lolzzz ... :D :D
No Holidays for equity markets. Only bond mkt is closed.
DR sir,
please tell me about EE also..
5217 seems to be providing EOD support...
Tomo 5160 will be tested in all probability
Today's candle has a bald bottom. One can expect a gap down to morrow.
LV
My broker also just confirmed that tmro is not a holdiday
@ sir
part booked need to know when to re enter
thanks n advance
cheers
@ Lakha,
Todays' intra move must be labelled to show "How easy it is to observe waves"..
I'll do it.
wow... wot a day!
I learnt something new today, tks everyone bye :-)
Sorry Sir.
@DRji,
Apologies. I was not aware of the protocol. I wish there was a delete button :(
noorie said...
DR sir,
please tell me about EE also..
============
If you want to know what is EE
update your email ID on your profile
and I will send you mail
@ DR Ji
Could you please do me the favour too ?
Aap subah se kahaan the.
Finally Thank You Very Much Sir.
i kept 2 lots for tomorrow. would like to be part of JNSAR.
Thank you sir.
PRANAMS.
@DR,
Kindly mail it to me too, what is "EE" ..
hello Dr.
send me too. about EE.
thanks. my id is on my profile.
thanks.
Bye Sir and all bear and blog mates
Sir, pl explain about EE works, it has become a great
suspense.
SANPOT
to know about EE
Plz update ur Mail ID on your profile
or
send me test mail
@DR sir,
Kindly mail it to me too, what is "EE" ..
Mail available in profile
thx in advance
Ajith
Waquar
tadhutabukalu
EE mail sent
oru_indian
You mail ID not updated in profile
Plz click on my profile send me test mail
Manish
I got 5 mail ID starting with ur name
If you dont mind Plz send me test mail
DR Sir, email is drsanjaypote@gmail.com
DR Sir, got the mail. Thanks.
SANPOT
check mail
There is no problem writing mail ID
But we dont do it for various reason
one is there are software which pick mail IDs from
blog and you get lots of spam mails.
so plz avoid mentioning mail ID here
@Dr sir,
Test mail sent to ur id
rgds~Ajith
DR Sir, got your point. Will be cautious in future.
Thanks,
Ajith
check mail
@DR got it and thx...
"EE" done
rgds~Ajith
Dr sir, My email is anandchetas@gmail.com
can you send me the mail regarding EE,
Thanks in advance
EE done, it is the very least we could do :-)
@dr
I did not get the email.
Pankaj Shukla ji
I though ur my close friend I must be having ur mail ID
but I have again 3-4 IDs starting with ur name.
Sir if u dont mind plz send me test mail
Can anyone send me the EE document please.
@ DR Ji
I have sent you request for EE details through
my hotmail account.
Pl do the needful
bb
Plz send me test mail
Manish :D (Change ur pic)
Simple day trading setup, seems impressive, requesting opinon of pros
http://indiastockspotter.com/Blog/tabid/88/EntryId/12/Market-Open-Out-of-previous-day-Range-2-Setup-1.aspx
thanks
DR Sir,
I've sent u a test mail. Please send me the EE document.
Regards,
TT
@ DR Sir , i am sending test mail please send me the EE document, thanks
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