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...
83 comments:
Dollar is making base at 56
Camarilla Intraday Follow Up:
Trade1 - Scenario 2 - Nifty Spot
H4 4863[BUY]
H3 4849[SELL]
*Level Range 14pts. From entry one can use
20pts as SAR instead of SL. Personal decision
advised.
55,63,72/73 calling??? or else ..sorry no else -want only little more upside then down...
sensex/nifty future didn't achieve it's place once "target over" then the game change to PT
Aimnifty - lolz :) we went out for my Daughter's friend's Birthday party and i had doubt that dow may close flat hence dont hv any position really wonder abt my intution it closed flat :D covered all it's loss :)
OMG - again 38/30/16 :P :(
Goodmorning master and all JN Friends
Wish you a Great and Happy Learning and Earning session.
Good Luck !!!
>4862-68 go for 4920++++ is the take.
CITI : SELL EMERGING MARKETS NOW
(i)-4866 to 4836 = 30 points
(ii)4852 to XXXX = XX points
4th of 5th down forming triangle-wedge in 5 and 15 min...so last
leg of down soon
Morning Illango ji & JN family,
DZZ may hv possibly completed today morning @ 4866..
And Vishy's defence was amazing ysday :-))))
http://moscow2012.fide.com/en/
Lets hope he came make the 2 white starts count now!
cheers
Bullish thoughts when FII has been relentless selling
see yesterdays figures
(i)--4866 to 4836 = 30 points
(iii)4852 to 4822 = 30 points(If equal)
(iii)4852 to 4804 = 30 points(If 1.618 x (i))
PT - aajj atleast break 4800???? wishful thnking of sir's post hope u read it @ pre market save it
Master,
HATS off to ur knowledge, patience and guiding
of EW>
HATS OFF
Regards
☺☺☻☻
@Sujatha Ma'm: So you are wishing for nifty to break 4800
or take support @4800 so that you can go long as per
master's pre-mkt calculation?
@Sujatha
4800 put witers are covering their shorts as of now
looks to me
May be e break 4780 and close below it ..
Else with 5 days ball will go for 3 days in
bulls court
Sir I had one question please.
Of your other trades which are other than JNSAr, do you
follow only SL or SAR. I hope I am clear. As in if you
buy at 80/81% retracement of a wave do you keep a SL
or reversr this trade also.
Namaste Ilango Sir and JN Family
since the last 15 minutes we are trading below
DLEMA
Dollar shooting again rupee new low
Prabhat - no not at all any "own thinking" following "Mr.mkt" but this grinding is irritating hence i am thinking that once it breakes and touch 4750/25 is better to come to a conclusion
PT - actually morningn i had a thought it may hit JNSAR and back or else atleast upto 5sma but it's not able to cross that hence changed my coat now well below my ema so more Q abt UPside let us see
http://i45.tinypic.com/24mc7ma.png
INR berserrrkkkkkk......56.32
@Sujatha
The problem is there are no buyers so sellers
kisko maal beche
Dear PT,
Impatient?
Jab tak loha garam nahi hota us par hathoda marke kuch fayda nahi hota… so will have to wait for some more time… Let it come up up to at least 4860-75…for the day…
@Ilango Sir,
A close below 4838 at 11 AM can be considered for agressive
shorts ????
@Mynac
Thanks a Lot :)
@PT
The trend is down...chillaxx......cannot move
unidirectional every hour....
@Ilango,
Mater the Hr.JNSAR is not visible in the TA page uploaded here..
plz chk...I tried using different computer and devices..
regards
discipline
Master as per your count
it is comes to near 4822 or 4804???
so what about new low??
meanse is it not go below 4788???
Hi,
Anybody tell me nickel level?it is in buy trend or sell?
Are bhai yaha just nifty hai, commodity nahi hai
Camarilla followers ..can u please share formula to calculate H5 L5.
I cud get only till H4 L4 .
@indus
The way things are moving dollar at 60 adn we open LC
Sir, if I am not mistaken this is the extended minor wave
"c" of 4th wave after irregular "b" wave. Pl confirm.
rupee not relenting
@PT
Yes it will....but patience....maybe in the next
settlement
numchar
http://www.pivottrading.net/pages/advancedCamarilla.php
@ discipline focus,
The row is narrow. I'll expand it for better viewing.
"4838"-Hr JNSAR for this hour.
I'll upload at 11.00PM again.
@PTji,
I hope with new high of USDINR there will be -ve div on
hourly charts. but prises must confirm.
@PT
Also watch the dollar index (negative for equities above
80), the USD/Euro rate (below 2010 lows) and the
US CBOE volatility index (negative for equities above
25)
Any nickel traders here?
11.00AM updated.
Sir, awaiting your reply.
Thanks.
@Mynac
U always create good shorting opportunities:):)
@Nilesh Ji
dosent look like as this is a different case now in
USDINR
Dear friends,
I'm going through some +ve changes in my business.
My new place(firewall) is not allowing to access
blogs & several websites. From monday going through
this. I could not post updates regularly. However I
try to update through mobile access if time permits.
Also if time & Admin Respected Mr.Illango permits we
can experiment various pivots in coming days.
I thank Respected Mr.Illango & all other friends for
this wonderful experience of 1 month.
Good Luck All.
@ Prithvi,
Prices behaviour does not match our expectations presently.
One should make tsl @ 4848 or 4852.
Nilish-ji - how reliable these divergences are?? i think before that also u hv warned about that but mkt came down that day?? even our INDEX also very much OS but still not sharp upmove still on the downside only :P :( so it's proving onceagain "sell in may"??? but this time it may extend upto june also?? but please keep posting about "this" it will be helpful to take decision comparing with mkt position and "price action of our indexes" tks a ton
Prithvi - :) :)
@ Yash And Dhan,
80% is used as a SL as well as SAR. It depends on situations and the "no. of probabilities at work at that juncture".
Often, once a trigger to reverse comes, you get a pull back or rally to re-enter/ initiate at a better price.
I put in a comment but it seems to have been lost.
Won't it be comfortable for novices like me, if a
current buy or sell suggestion is given assuming that
there is no previous outstanding position?
@cooldent Thanks for sharing the link.
Am looking for the formula to be used in my excel.
Can any one share that ?
@Sujata sis,
Yes, you are right. Thats why i mentioned that "Prises
must confirm. Thanks for reminding me.
@Mynac
Any level for shorts ???
Price behaviour suggests that "the retrace for 4956 to 4805" may still be on.
Base your trades based on the same.
We must now await the channel res.. or 21/34 hr smas.
positive divergence in 30-minute chart, daily chart has a
higher low for now. It may be the case of a truncated fifth.
Kousalya there are some brokerage comments about nickel
moving up. Try Big G
REPOST: Camarilla Intraday Follow Up:
Trade1 - Scenario 2 - Nifty Spot
H4 4863[BUY]
H3 4849[SELL]
*Level Range 14pts. From entry one can use
20pts as SAR instead of SL. Personal decision
advised.
Dear Indus,PT,
As Hr.TA is not that much supportive for any immediate Big fall, just waiting patiently for Nifty to go up to at least 4860 and then 75…. Also ab market as per traders expectation kyu nahi gir raha hai ? to ye mera common sensible logic hai ki… 5220 ke niche Bears ne usko itna bar bar pita hai… ki ab mara hua murga ag se kitna darega ?
Camarilla Intraday Follow Up:
Trade1 - H4 BUY@4863 triggered with 20pts Stop/SAR.
@mynac,
मेलेल्या कोंबड्याला आगीचे काय à¤à¤¯?
2nd time punishment - my positional view "spoiled my intra view" missed good move
PT - if 43 comes against move up means 4915 also possible ???
Camarilla Intraday Follow Up:
Consider Part booking from 20-30pts
& trailing. Personal Decision advised.
Ayayyooo missed the train... I was eyeing at 4900 calls @30 its 49 now ... fire in stomach
@Sujatha
:( :( me tooo :(
Out of HHEMA HLEMA sideways trading range after five hours
Hi
Could some please shed some light on the Parabolic SAR.
is it a reliable indicator?
also is it a lead or lag indicator
nifty near 61% of fall from 4956-4805 i.e. 4898 and also
jnsar
"4881" & "4898" - are the 50% & 61.8% retracements of the fall from 4956 to 4805.
Above 4895-98 - channel break out.
If weakens from channel top again, weakness would continue.
@sujata,
I think there is some more juice left on the upside.
PT my morning target 4890 almost done :P :( 94 not taken out i am still with positional view of downside again let us see
@sujatha
I am in now with shorts
Just one fear if JNSAr triggers then
@All: I am hearing that there might be partial rollback of the petrol price rise. Is it due to this that we saw a sudden spike in nifty?
I am not sure if this news is true? ANybody else also hear the same?
@ Prabhat
Cong ruled states asked to cut fuel tax
( as reported by CNBC)
@prabhat
Also duties to reduce some rumour
possible ABC flat in play from 4789, C cud do up to 4960
New Post Done.
PT - if somebody "punch" here is goooooooodddddddddd will anybody
Prabhat - moreeeeeeeeeeeefireeeeeee in my stomach too called fire engine they said "they can't do anything for this" :( :(
PTTTTTTTTTTT - eod close here will change the wholeeee bear scene :P
jnsar triggered
sooooooooooo nice sir.
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