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...
44 comments:
DR-ji - Just in ..When in doubt "stay away" i donno wat to nd don't want 2 take risk...switched off my system and went out to see my personal work..
If anybody see a "goat" in butcher shop - how can you find out whether he is a Veg. or Non-veg??? simple
who's eyes filled with "tears" is - Vegetarian
Who's "tongue" filled with "water" is - Non-vegetarian
Courtesy - My daughter - try to smile atleast
well said sujata....i agree with your word.
Hi Sir,
As per the pre market conservative view, you gave buy
signal and there was hint of end of 5th wave.
What could be the reason for this judgement.
I think following could be -
1. 4860-4890 is the support zone for the channel and
the channel is narrowing down.
2. The fall has consumed a good number of days and
there is some feeble sign of exhaustion.
3. Still selling is happening at higher level but the
intensity of subsequent down move is less now.
4. At 4860 levels , market would be very oversold.
5. Yesterday's close had some +ve div.
Sir, could you please reply.
EW is total bullshit and waste of time...most of the time EWers are labelling after the event has happened...and they are never wrong...they just have alternate counts......
now that this downside has increased in length ...they will just place a extended C of a WXY wave or something.....unpredictive totally
@master
'deeper cut'. sir can you give some idea? how much. i remember during last upmove you told during overbought still nifty can rise and it was rise. so what your calculation? please give some idea. thanks.
@Jonak
Then why the Hell U are Here ... Please Take ur Words Back ... Go ahead and follow
*the Sea and get drowned -- EW is going to Stay for ever May be u Will Burn your hands today or tomorrow .... First Learn EW then comment ..
Lest We dun want bullshit people here plzzzzz
requesting u not to post ... "cyber laws are acticve now"
@POWERTRADE
Everybody has a right to opinion and also a right to
express it.
I feel, that this person is yet to realise the power of
EW and other tech tools.
The more he remains here, the better are the chances of
him realising his mistake sooner rather than later.
@Nilesh Jee
I Agree ... If this Guy was not interested then why he is here he has posted means he is following it :)
GOOD Evening all,
Logic will get you from A to B.
Imagination will take you everywhere.
Albert Einstein.
God always takes the simplest way.
Albert Einstein
Market follows simplest way :) i.e. JNSAR
regards!
@P.T. Grapes are sour for the.....
All the week day hour future JNSAR trend down
hour MACD trend is flat expected reversal soon.
sell on rise theory intact up to 4980.
regards!
Difference between Two Day JNSAR is near about 35 points
by the past observation it is found that it is
max difference ( you can check past history)
so Sir says
oversold Nifty could get more bearish for deeper cuts.
you will see the difference decrase when the reversal
will come.
This is just my observation and guessing.
@PT Sir: I am a small ant & no match for your wisedom. But a small feedback. Nothing is won by criticising as it is not going to make the situation any better. Just because Jonak feels EW is junk or you giving him a mouthful for this is not going to change Jonak's outlook or affect the confidence EW followers. Sometimes silence is the best medicine. I believe this is a learning forum & each one has the right to voice his/her opinion even if one choses to be on the minority side.
Kindly ignore my comments in case you feel they are wrong.
@All Warriors
I may be Wrong ... As i am not a great EW Student or a great Technical Student .
My Intution is Now Pointint to 3600 --
Rememebr we had reached 6300 Level in over bought conditions since the rise form 3600
History is repeating itself reveresely
I may be Wrong as i am perrenial Bear But if at all i get 4696 on the trading dice .. I will Buy Buy Buy will SL of 4520
@Ilango Sir
Please Delete the Post if it is Misleading.
@Prabhat
True .. But it should have been a Healthy Criticism .. why Such Foul Words By the Guy
My Point is this can also have been said politely
And now Way U should apologise .. plzz ..
and dun call me sir call me PT or nimesh .. i am a very small person in terms of age and experince
@ PT:
If u can relax & read Jonak's msg again, then may b u will reconsider that EW indeed has some verydangerous facets... it amplies a TA's ego (becoz he has labled it a particular way, he finds it difficult to consider Alt lables).
Also, in the future with the advent of Algo trading... we dont kno if EW model of 5fifer impulses & ABC 3wave corrective will REMAIN RELEVANT or NOT ??
Keeping an open mind is the best option
Note:
I am a failed EW analyst. so i say this for myself. EW for smaller time frame trading is very very risky . Ignore if ur not happy wid this comment ;-)
cheers
I have a humble request:
one should neither be a bull or a bear. one should rather
have bullish stance when market has bottomed out and wear bearish
outlooks when market is quite bullish. that is called
following the market and not predicting the market as beloved
Master has many times educated us.
good night
@Shriram
Thanks ... May be u are right .. As i am a 3 Months Positional Trader ... so i might have Got Hurt ... No Worries Buddy .... and please I always respect every Opinion ... But this was very rude Shriram .. In case of Jonak ..
Lest Cheers Again Shriram ..:) :)
@ PT:
:-)))
Each warrior shud choose his weapon according to his "Aptitude"
There are ppl out there (am not pointing to anyone in person), who may try to INfluence u to think that there is something "wrong" in u if u dont kno EW.
Pls do not ever get into that mental space. EWT pushes the TA towards prediction & that is v v dangerous for most "normal ppl"
Illango ji's 5hi-Lo system is as good as it gets. And if u really explore the maths behind it, u will realise y its so good.
EW or no EWT, the base for a LOW RISK TRADING SYSTEM shall always be MOVING AVGS (because they filter out Hi FreQ noise the best).
To borrow master fav phrase:
Predict we perish, Follow we flourish :-)
Friends
Plz maintain decorum of this Temple.
We respect your feeling, Plz dont response to
untoward comments, Just ignore
they will be dealt accordingly
We have now the Spam Reporting system active
to deal with these white collar Jokers
But we miss the item No.s
DR bhai,
item bole to Munni "Sara" or Shiela "Kiran" ?
Or is the reference being made bout a Jalebi bai? ;-)))
@DR Sir,
Really sorry ... :(
shriram
Lolzzzzzzzzzzzzzzzz
typo*
Plz read
"But we miss" as "You will miss"
Mumbai Indians nee aaj RCB chi "waat lavun takli" ;-))))))))))))))))))
jonak
Bro Criticism is Ok,
but unparliamentary words Plz avoid
shriram
what is SMA?
its smothered price
whenever price is abvove its avg it indicates
strength of bulls
Vis-a vis
All JN Friends
Ending Diagonal
An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast," as Elliott put it. A very small percentage of ending diagonals appear in the C wave position of A-B- C formations. In double or triple threes, they appear only as the final "C" wave. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.
"ED"= Ending Diaganol.
In case this is not ED,Nifty is in for a DEEP CUTS
as master has observed.
@ Jonak
Trading is totally psychological. Traders do not do battle with the markets – they do battle with themselves.
We sincerely hope you overcome this Battle.
PTTTTTTTTTTTTTTT - wat a targetttt?????? nobody can match with you even the "original bear" and who's that man shankar sharma???? :) :)
after acheiving my tgt of 4870-75, i am waiting
for 5195-5200 for going again short.till that
no long and no short, only holiday for me.
श्रीराम,
तब्बल ४ ओव्हर बाकी असताना मुंबई मॅच मारणार हे मी जेव्हा मुलाला नि बायकोला सांगितले तेव्हा त्यांनी अर्थातच मला वेड्यात काढले होते... पण त्या काळी आमच्या घरमालकाला रोजचा १ रुपया द्यायला लागून पण, १९७५ पासून (जसा काळा पांढरा टी व्ही आला तेव्हा पासून मॅचेस बघत असल्याने,भले मार्केट मधले अंदाज चुकतात पण इथले सहसा चुकत नाहीत... कारण अगदी सोपे होते.... जो पर्यंत रायडू होता तो पर्यंत मुंबईला डग नव्हता... पोलार्ड वर माझा तितकासा भरवसा नाही... तो म्हणजे मटका आहे.. लागला आकडा तर लागला... नाही हूस.......पण रायडू भारताच्या अंडर १९ चा एके काळी कॅप्टन होता नि बिचार्याचे नशिबाच x x तो धोनी मुळे कुजला...जसा शिवलकर बेदी मुळे नि राजिंदर गोयल प्रसन्ना ,वेंकट मुळे तसा...
@Sujatha
hahahahaha LOLZ ... So the Discalimer ...
I am still Learning :D
Dear PT,
Among all your discussion I like only,
"as i am Perennial Bear"
the most.....:)
Namaste Ilango Sir & Blogmates,
Bears seems happy with small drop everyday; Option Analysis for 14-05-2012
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@sanjay sir
how this average comes as you indiacted
4694?
@ mynac saheb : Too good.
Aagdi barobar lihile ahe :-)
Rayadu is a unrecognised talent !
@ DR bhai:
U hv asked the Million $$ Q !!!!!
yes SMA is smoothened price, but so is EMA... the difference is SMA is smooth"ER" than EMA , but less REACTIVE
To further establish this mathematically, pls think thus:
In SMA for a linear Rise unit "1" slope trend :
Lag = (n-1)/2
For an EMA with lag "L"
EMA(new) = k*CMP + {1-k}*EMA(old)
Since EMA(new) has lag "L" w.r.t CMP & price is rising 1 unit per period, we get :-
CMP- L = k*CMP + {1-k}*{CMP-L-1} - Eq. 1
Solving Eq. 1 we get:
k = 1/(L+1) - Eq. 2
SOME "bright" TA, decided to find "appropriate" EMA , by providing the same static lag "L" of SMA to EMA!!
So, In Eq 2, replace L=(n-1)/2 , we get
k= 1/{(n-1)/2)+1}
Solving which we have:
K = 2/(N+1)
Now u pls tell me is EMA the Best Moving Avg ?? ;-)
We can very well have differing / varying "K" rather than static 2/(n+1)
Why shud we restrict oursleves to static k ??
For more on different types of Moving Avgs pls read thru the works of Perry Kaufman
And , to understand wot a Moving Avg "really" is (Low pass filter), pls read the GOD of Modern TA
JOHN F.EHLERS :-)
cheers
Do anybody has try to connect low of Mar 09 and Jan 12,
It is indicating 4900 as a good support on trend line
This is my observation and need blog mates insight on the point
Trade Plan for 15th May 2012
Since 4904 is breached, further down side is opened. As per my understanding since market has not given early indication, the possible target of Wave G could not be worked out. In view of this fact, it is advisable to follow the market in small steps to work out the target. Hence the labeling is done as per the chart given below:
The sub division of Wave G is as follows;
Wave A = 5125 - 4964 = 161
Wave B = 4964 - 5039 = 75
Wave a - C = 5039 - 4906 = 133
Wave b - C = 4906 - 4976 = 70
Wave c - C ( a ) = 4976 - 4922 = 54
( b ) = 4922 - 4957 = 35
( c ) = 4957 - 4874 = 83 completed or progressing towards 4840 / 4815 / 4778 by sub dividing further.
CONCLUSION
Initiate long around 4833 zone with STRICT STLP of 4830. If this STLP is triggered please wait for clarity. Since below 4833 zone the down side target can be anything around 4530 zone. Hence STRICT STLP of 4860.
please read as ......
Hence STRICT STLP of 4830.
@ jayaraman
Thanks for the post n trade levels
Post a Comment