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...
66 comments:
nifty rider said...
ab chahe sar futte ya matha maine toh short kar di
==========
Lolzzzzzzzzz
Its trade against trend be strict on SL
http://www.youtube.com/watch?v=hjhQLGEQRhc&feature=related
Illango sir, please increase chart resolution
Morning Illango ji & JN family,
5-10 DEMA developing x-over in place... Nifty for now is bullish on Day TA
Day Res zones : @ 5018 / 5087 / 5145
Have a gr8 trading day !
Dear Sir,
My question is you indicated in chart this wave
as 4th wave. Does It mean, Nifty can make low below 4788. ?
@Sister
Operating from smart phone .. Office mein sab blocked :( :(
@ swami ,
This is the best that is available. "Clicking" on the chart, you get an "enlarged version" for better viewing.
@ Amol Sharma,
There are two labels in the chart.
1. Green "C" done at 4805 and the next upmove is on.
2. Red "4" (or 4.a) done at today's high done, either 4.b is on or 5th wave. This is the alt. scenario.
If Nifty moves past "5131"(61.8%) or "5161"(1st wave bottom), the alt.label will be removed.
There are diff. approach to "decipher" the market. But combination of few studies would make it more worth the while. Individual studies are suited for the "most experienced".
I prefer a "combo" and it suggests to remain long till 4930.
Nifty 5 min chart showing Rising 3 methods indicating some
profit booking before the rally continues. It appears after
a dynamic rally.
good morning all!
@swami, if u use FF or IE, by pressing 'ctrl'+'+' key, you can see also enlarged screen.
Sir,
today ur chart is not visible in full size...
is it due to some problem in google crom???
Ilango said...
@ swami ,
This is the best that is available. "Clicking" on the chart, you get an "enlarged version" for better viewing.
May 29, 2012 10:27 AM
Sir,
This resolution problem is with current post only. Images are not clearly visible.
Sir,
today ur chart is not visible in full size...
is it due to some problem in google crom???
Master,
This is good answer "remain long till 4930."
Otherwise we are confused to see more figure on charts.
Thanks a lot
skmishra ,
yes pressing 'ctrl'+'+' key gives enlarge view
thanks
If we fumble due to the bad weather
Day JNSAR will guide us.It is understood sudden
depressions at the certain levels are expected.
4999 and 5070.
always watch day JNSAR and J10 sar movements.
let us see market is supreme.
regards!
May 28, 2012 7:44 PM
good morning,seniors..
thanks sir !
Thank you for the updated count sir
Hi Friends,
How many of you using Metastock with eSignal (From Viratech) for real Time?
@ J R Julius
Do you suggest to enter the CAM trade second time around
on the same day. EG short @5003 has come twice today.
@DKG, I am using Metastock for EOD only. What is eSignal
for real time? Pl explain.
Thanks.
Nifty is defying rupee weakness, bulls be cautious :)
Camarilla Intraday Follow Up: NIFTY SPOT
Trade1 - Scenario 2
H4 5021[BUY]
H3 5003[SELL]
@ SANPOT,
eSignal is a company that provide realtime data for Metastock, Motivewave and many more charting softwares.
Trade1 - H3 SELL@5003 triggered with 20pts SL/SAR!
PT - u r smart :) done again
dracula-ji - :) :) done it today sirji
And viratech is partner in India for Metastock, Advance GET & data provider.
sir - 11 AM UPDATE please.tks n advance
strong addition in 4800pe...are they buying it??
@DKG,thnx for the info. How do I get it & what are the
charges?
@Sujatha
Ha ha ha kuch karna pade na loss to nikalna hain aj :D
Intraday Inverse HNS forming...with neckline at 5007
bears jor lagga ke ,abki baar days low break kar do plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
PT,
R u gambler? "Loss to nikalana hain aj :D"
Yesterday teddy bears got beating...so they went crying
to papa bear.
Will papa bear will come today take revenge?
bulls win if days high break bears win if days low break broker wins if both fails
Camarilla Intraday Follow Up:
As per Intraday chart 5008 is
-ve signal for H3 SELLERS.
Top 10 Day Trading Rules:
• Know your market.
• Prepare for the day.
• Stick to your plan.
• Don't be greedy.
• Take a loss where necessary.
• Don't chase the market.
• Don't overtrade.
• Trade with the trend.
• Care more about protecting your capital than increasing profits.
• Be wary around news announcements.
till yet dollar index movement is conducive
for the Asia rising.
DKG
No yaar .. Just scalping 10-15 points :)
I will say it as trade management
PT - closed the second round @ 4991 but my EMA coming close strong break of 2 candles will show something thing time it may try 5014/16?? but praying the first one should not touch :)
@J.R.Julius ,,
Simple Rules,,Difficult to FOLLOW....particularly ---Trade with the trend.
@Mr.Suresh Nifty,
Thanks - That's why a saying about Daytrading
"Day trading is Simple but Not Easy!"
Have a Nice Day.
@DKG & Powertadre..
If he is in loss and he is frank with, then there is nothing in his words..he is right...
Resisting at 4999 again?
contracting triangle?
Suresh - ha ha ha i suppose to say that one - i second you
Julius - that's right. but nothing is easy unless "v practice it properly -perfect practice perfect profit" howmany of us doing this??? :) definitely "i am not" hope
MR. DKG is the perfect one :D
@Sis,
Practice Makes man perfect.
@Mr.Yash and Dhan,
Actually its 3rd time from opening.
First 15-20 minutes only for aggressive
traders. Its up to the traders mindset
& beliefs. :) sorry for the delayed reply.
Hi AShish,
Bullish on Day TA re baba...
intra- u can jus track 34EMA,30mins. Mean of (CMP-34EMA) = 70 pts means high chance of intra-day dip on 30mins T/f :-)
koi batla de muje,kon consolidate kar raha hai bulls ya bears
calm and quite.
Come on Bulls don't get tire....
still there is plenty of room there...
Just try to keep it up and above 4995 for the Hr.
Top 10 Day Trading Rules:
• Know your market.
• Prepare for the day.
• Stick to your plan.
• Don't be greedy.
• Take a loss where necessary.
• Don't chase the market.
• Don't overtrade.
• Trade with the trend.
• Care more about protecting your capital than increasing profits.
• Be wary around news announcements.
jr julius sir rules soooo simple yet soooo diffcult
Dear PT,
Surprised ??
lekin fal meetha hone ke liye puri tarahase taiyyar hona
bahut jarrori hai..Let us see..
let us play the game of head and tail.
@Mynac
Really surprised Me :(
crucial time dekhten hai kiske barah bajte hain
ड्रिंक्स trolly मैदान में जा रही है. हम लेते है छोटासा ब्रेक
Shri ilango,
Re image resolution - go to formatting - showcase images with light box - select "No", and then your charts will appear bigger.
Good day,
PT - my EMA is nearby "doorstep" only pity not breaking... pls. breakkkkkkkkkkkkkk it
New Post Done.
welcome back after break खेल अबी à¤ी रुका हुआ है
@Mr.Sandeep,
Walking on the Rope is difficult few walk without net.
Flipping the bike 360deg is difficult few do it.
Climbing horizons is difficult few climb it.
Every difficult things done successfully by very
few only. A single line separate those few & a conman
man. With continuous motivation & effort we may cross
those line.
Nicolas Darvas & W.D Gann even didn't have the
technical facilities/tools which You & Me having Now!
Let's put consistent effort to join the WORLD OF
THOSE FEW, who knows one day YOUR ways & strategies
may be followed by millions of new coming traders.
OI rise in 4900-5000 PE with price down. PUT writing?
anybody can throw some light??
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