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...
57 comments:
PT - mera chotta bears bach gaya..aab 40/48/60??? chal no probs
Resisted at "4957" as per Pre-market's View.
Weakness below "4918" & "4907".
More weakness only below 4879-Weekly pivot.
cams for ns
h3=4920: h4=4933
l3=4892: l4=4879
Good Morning ILango Sir & everyone!
Dear Nilesh! Many many happy returns of the day, Happy Birthday to you & take care too:)
SIR IM YESTRDAY TAKE 4886 TO 4932 LEVELS IM BOOK MY HALF POSTION....
NOW IM WAITING FOR RE ENTRY ? OR 4908 CHOOSE JANSAR SHORT ?
Camarilla Intraday Update/Follow Up:
Scenario 2 - Nifty Spot
H4 4933[BUY]
H3 4920[SELL]
Day future JNSAR trend is getting flats
do not use the filter for the JNSAR,
use JNSAR maturity levels normaly given in the premarket
view for the clue.
this is my personal experience.
Camarilla Intraday Update/Follow Up:
From entry 20pts SAR instead of SL as
the Range between H4 & H3 is low.
Personal Decision Advised.
4960.4870 are JNSAR maturity levels
@Nilesh
Many many Happy Returns of the day...
God bless you...
@sujatha
shorted at open covered now,as thought difficult to sustain in opening...whats 40/48/60 on down or UP....
J.R. Julius
the nifty spot was between H3 and H4 and then crossed H4 about
10 min back. I went long on crossing of H4 and holding. was it the correct thing
to do?
@Mr.@nubhut!,
Yes. You did right thing.
Keep SL of 20 Pts or your Own.
Good Luck.
@sujatha
Jaldi Leke aao plzzz
@Mr.Nilesh,
Wish You a Happy Birthday Sir.
anil - UP.. chances for 71 too :P
SL using atr helps: the risk is minimum
Shradha Saburi
Can you please explain what are JNSAR Maturity levels? Thanks
average of 4895.5-4956.5 is 4926 exactly till now low.
up above the world so high
like a diamond in the sky
http://www.youtube.com/watch?v=XctGHqsSmGM
Jack n Jill went up the hill
@ kranti
JNSAR maturity levels nothing but JNSAR channel.
when JNSAR trend becomes flat these becomes support
and resistance.
month JNSAR is short but marker got reversed
from the 4800 that is month low maturity levels
that why i posted 4800 is the strong support
( ref my old posts)
regards!
Market sentiment:FII are reluctant to withdraw money now as they get very few dollars.Indian exporters are ordered by RBI to transfer half their foreign currency to rupees starting today which may ease INR to below 54.FII are waiting for that moment for big sell off.Till then,the market will be range bound....Do not go long...Thus,every high made nowadays is for shorting only.Hope you got the clearer picture now :)LOL
@ DR sir
Ha ha ha
hello ilango sir...yesterday i told u abt my trading style
orb & privot point.... now sir i face some problem...movmenting
market i trade as well but volatile market sometime hitted stoploss
or orb not supported.... my questn sir.... i watch first 15 min orb..
nxt creating 15 min candl should sustained abv previous candl..then i buy
or if nxt 15 min candl open previous candl abv i should buy??
if sustained is imp..so how muh time i wait to buy...plss sir reply
UDSINR new high
Dear Ilango Sir,
Is it possible for you to put your trade's
table in post market analysis ??? So that your
STUDENTs like me would study & understand it overnight
& Prepare for next day.
It may be included in both Pre & Post Market analysis.....
I think some of blog mates may agree with this idea..
So putting above written second time...
Master,
Is it possible that fall from 4955 is b of c(from 4894)?
thanks
@ Traveller,
In small T/F, probabilities increases. Only way to deal with that would be to have the negation points of both aggressive(61.8%) & conservative(80%) handy.
Thanks Master
@ SAMIT,
I post these trades to "motivate" readers here that it is possible to make good trades if we start believing in our studies & execute those trades when "resistances appear as well as support prices reach".
It was meant to be a temporary affair & has led to a permanent one.
I would prefer to keep at a distance to have this objectivity but as the days go by "I get drawn into it" by persistent wishes of so many traders who are "desperate".
Desperation will kill a trader.
If you can not collect your wits about and make a decent trade plan and would need to depend on another despite being in the market for long, then you are victim to the hype & noise in the market place.
And if you are new, you read the "studies" quietly and observe the markets and take small baby steps.
Being independent will give you returns beyond retirement till death.
= = = = = = = = = = =
If I have to share more than what I do now, I would be crippling one & all.
If you are not able to grasp my comments, it can only mean that you still have more to study.
@ J.R.Julius
Thanks
Shradha Saburi ..Thank you so much
SAMIT - sorry i don't agree with your point. How can v ask "other's trade details"? that too in public forum. i feel not a good idea.. instead ask him or go thro the study material available here "learn and earn" is the best. And moreover sir has 15++ years experienced can v compete with him he may swiftly change his views and change his trade in that case how can he explain and hope he don't hv much time to post each and everything what he is doing
hope you will not mistake me.
CONCLUSION - "learn and earn" start with 34 ema atleast or LOW ema high ema system
Sorry sir - v crossed :D :) will delete my comment now the "delete box" is not appearing :(
Nifty is back at yesterdays high and just before it sold
off yesterday. Let us see if it can build some foundation
here.
@ Sujatha,
Leave your comments as it is.
Whatever comes naturally, it is the truth. Don't hide it.
Ilnago ji,
Wave B progressing currently ?
Dear Ilango Sir,
Thank you for your Reply.
Dear Sujatha Mam,
Thank you for your comment.
I was requesting Sir that the table of trades
he everyday posts in nifty pre-market view in the morning
to post a bit earlier in post market (EOD) commentary.
so that we would get more time to study the Ideas.
That was it.
I never even in my dreams attempt to compete SIR.
I believe Nobody can.
I hope Nobody will take me wrong in this.
Any way
I suppose
first become nifty navigator then nifty trader.
Shradha Saburi ' Nifty Navigator 'is a good one.. I was looking for a description to understand what i have been doing for the last two months by looking at various charts for hours and hoursand you came up with this
Sir - good typing speed hence wat i thought i will post immediately :P i don't hv any intention to "hurt him"
Samit - I know that u don't hv any "specific intention" and i don't hv any intention to hurt u but that's a fact.according to me "trading is like golf" v can't copy cat just grasp whoever posts good methods and things which one is working out to you is "good method" simple.
PT - can u give second half to bears???or else grind today
here only and 2morow is -ve day v hv 2 wait "am in bear queue" for short :P
@ Kranti
Same answer was given by our Master when I asked
question as it is now asked by SamiT.
Be eklavya here.
regards!
sir i am waiting
PT, Sujata already in.
Ab bus DR saab aur Kumar Sir aa jaye to fir kya baat hai.
By the way... any idea where is our Fire babu Rana?
Only trouble is that NS is above JNSAR... and though hence not too comfortable with the shorts :(
@Sujatha
Me too in full loads short as per pre market .. and Mynac
to sell near WLEMA and MLEMA
@Sujtaha Ma'm: Me too in bear queue. Taken 4800 puts 2 days ago when nifty rocketed above 4900.
Not knowing whether to book loss or not... I am waiting for crossover
of 4960 spot to book loss. But even a grind will lead to
decay.
Dear Sujatha,
Your CONCLUSION - "learn and earn" start with 34 ema atleast or LOW ema high ema system”
Very true…@ present…Considering Hrly.overbought condition this time too… your this method…theory… would give good return..
It is in general observation that in down trending market whenever, nifty try to rise steeply…It .fails..Today’s High Volume trade @ 4953 will be alaways big challenge for Bulls for the “DAY.”
@ Present eyes are on today’s JNSAR and thereafter @ tomorrows JNSAR… To cooling off Hrly Tech.Table, in the latter trading hrs.it would visit there is feeling. as it has no any other option left..…..nevertheless considering Day and particularly Week Tech.Table.. It should take support there…and the real battle would start from tomorrow, if it shall close in green comfortably,then again it shall try to conquer 4950 and thereafter 4990…
Modest writing @ 4900PE is there but writing @ 5000 CE, suggests the possible battle…
Am smelling "thud" .....its just me or others too?
@Mynac: So with 5000 CE writing > 4900 PE writing with price increase
- does it mean nifty may attempt 5050? What i am feeling
is that nifty may attempt 5050 or 5125 before this expiry.
But I took a position contradictory to my views.. dont know
if I get burnt this time ..
@sujatha
no setup coming as of now..so its a grinding going on..??
@Charting experts: Is it possible to plot the hourly high & hourly low ema in google finance charts or yahoo charts?
woww... bears r coming out from "jungle" :)
Prabhat - i am not a BIG experienced trader to suggest you
but i feel "2morow may be -ve day" Y?? 1) lead indicator may manage minimum 2 days at high then fall 2) Swing high 4957 not taken out decesively 3) my emas not showing much strength (don't ask wat's my ema?) :) already lot of ema and sma talk so i dont want 2 put mine :D to confuse more but one thing is sure watever ema/sma u observe it will give good gains if at all if v follow sincerely and strictly
mynac - thanks for coming in 2morow green i hv doubt becoz of TT and lead indicator today it may try it's level best smelling for "small thud' today balance "2morow" or fully tomorow. but very much testing patience. BN will lead again the fall? some bad smell @ 383/360/20 let us see
today is brokers day
New Post Done.
Inchcape Rock
No stir in the air, no stir in the sea,
The Ship was still as she could be;
Her sails from heaven received no motion,
Her keel was steady in the ocean.
Without either sign or sound of their shock,
The waves flow’d over the Inchcape Rock;
So little they rose, so little they fell,
They did not move the Inchcape Bell.
Robert Southey
Post a Comment