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...
85 comments:
Camarilla Intraday Follow Up:
Trade1 - Scenario 3 - Nifty Spot
L3@4831[BUY]
L4@4802[SELL]
with stop of 20pts.
Till not Triggered either side
after the post May 23, 2012 10:57 AM
mynac - almost with my emaaaaaaaaaa will it give breakout???? what is the last hr OI anyidea time permits
Camarilla Intraday Follow Up:
Trade1 - L3@4831[BUY] triggered
with stop of 20pts.
good afternoon! I do not see 'EE done' message. To day is a perfect day for it like everyday. :D
@Sujatha
buying in truck loads :)
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• There will be other major opportunities besides this one.
• The market provides me with oceans of opportunity..
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superior trader.
@Mr.SURESH NIFTY,
Nice Affirmations.
mynac - mera ema crosseddddddd OMG pls. give some moreeeeeeeeeee
@Ashish:
Clarifying bhaiyya :
I love EW !! I spent past 365 days reading BOB PRECHTER !!
But i m very scared of it in live trading , as i have failed in lables becoz i was over-zelous about Fibbo guidelines ...
Thoda dhyaan se :-)
1.00PM candle's Open & low same @ 4812.20.
@ Sujatha,
Which EMA's or at what time frame??
aala aala re aaala govinda aala...
@ skmishra
Well Said !
I have done EE twice now.Have you done ?
Keep it up !!!
What is this ... bear trap now
@sister
Ab thoda long kam karo plzz :D hahaha
Thank you LICcccccccccc :):)
@ Master
Shall we calculate the retracement of fall from 4955 to
4804 or calculate retracement of today's fall ?
Camarilla Intraday Follow Up:
Trade1: Reached 22+pts from entry.
Part booking & SL to Breakeven can
be taken as personal decision.
PT - OKKKKK... now bring 4766 no worries in balance may month even to sir's 4725 most welcome :)
There is a possibility that this current rise could be the minor "iv"th wave of the fall from 4956 and another low or closer to it is possible.
Negation point is quite far away @ 4925.25.
Presently the resistances are at HHEma-4856++ & 4875(22nd last hour high).
4953 Resisted
@Ilango Sir,
With another low ... It will be buy with divergences
????
@ Manish, yes, yes.. these days I am away for some urgent work, but when in, first look for green words and then EE and then all comments..
@Sujatha
Aj lek aao plzzz :)
@Sujatha
Thanks a lot ;)
@Sujatha Ma'm: I am out of my 4800 PEs when master
mentioned about the weekly & monthly supports.
My plan was, book @weekly support & if more downtrend is
confirmed, then take fresh short at break of 4800 with
monthly low as tgt.
Currently, I am not sure to go long or short. So I am
currently gaping at my terminal & yawning.
Camarilla Intraday Follow Up:
Trade1: Closed with part book & Trailing.
If some one holding should Stick to 20pts
Stop.
Trade2 - Scenario 3 - Nifty Spot
L3@4831[BUY]
L4@4802[SELL]
*(Trade2 L3 BUY, Risky Traders who can afford 20pts
loss can enter aggressively before technical/trendline
confirmation - Others be Patient)
gap filling for the day not yet done...
may get a bounce to 4864 res zone again ??
@shriram
?????? inputs please
got it Thanks Shriram
yes PT please aaj 4953 le ke aao pls
Dear Mr Julius
Kindly clearify the following for learning
The nifty touched 4829.75 at 10.32 am(between L3 and L4) and then touched 4832.5 ( above L3) at 10.34. However, we didnt enter at that time. Could you kindly specify reason for that.Do we 1.wait for 5 min candle to close before entry or2. wait for higher low before entry at such times.
regards
@Parminder
Darao Mat yaar ... :( :)
Prabhat - if u want bear then stop it @ today's high yawn more and eat nifty for lunch
PT - mm..shhhhhhhhhhh break BN let us enjoy the bear party 9120/116 should break
Now nifty is doing kolaveri D
Mr Julius
Got my answer .I had not seen your previous post hence had asked.
Thanks
time for sapaad !!
cu guys @ 14:00 :-)
USDINR nearing resistance @56.10 as per weekly
rising channel top.
Mr.@nubhut!,
I really appreciate your exact observations.
Market falling from high from that time you
mentioned. Normally 2 types of CAMARILLA traders.
1)Aggressive Traders: When price hit they buy or sell
they don't worry about the trend they believe as per
CAMARILLA H3 & L3 will be reverse. In my observation
65% reversal or atleast trying to reversal seen.
2)Low Risk- High Probability Traders: When H3 or L3
hit. They know its against the intraday trend. They
wait for reversal with Candles/Trendline/Stochastic/
MACD.
One can choose any method based on their personality
& Mindset. I personally wait for confirmations.
No PT boss u only said it so thats why asking just a
little bit.i know ur a Born bear
POWERTRADE said...
4953 Resisted
May 23, 2012 12:28 PM
@Parminder
sorry typo error 4853 :)
Mr Julius
Thanks and God bless
Hrly closed above Dlema..
Mr.@nubhut!,
Low Risk- High Probability Traders atleast wait for
price to go to Mid Point of H3 & H4 or L3 & L4.
Good Luck.
Mr Julius ji,
but how u decide after going to mid point
whether it is a buy or sell
Mr Julius
Can we adopt the following method so that we dont miss on any entry that is
Entering at the hitting of level like an aggresive trader but keeping SL couple of pts below the last low instead of the usual 20 Pts?
bn-f rising but drop in vol
@Sujatha Ma'm: I had mentioned in one of my earlier comments:
"What ever upmove has to come it may come from 12:15
to 1:15 pm. I am closely watching europe than nifty now which may
give clues for the late afternoon. "
Note that in morning all europe was red. Now slowly the losses are
getting trimmed & Japan is in green.
@Mr.Suresh,
Mid Point is a least worthy idea for those who
don't know about technical indicators.
Even after we see all confirmations stop may hit
some times. It always remind us "Market is Supreme".
There is no perfect system, But we can be perfect
with any system by obeying our own rules. :)
Mr.@nubhut!,
Yes you are right. 20pts Stop not fit for aggressive
traders - No fixed stoploss rules here. One can take
Intraday chart SUP/RES lines.
If we go much into chart reading there is no need
for camarilla or any pivot systems indeed. Lol.
Trading the HHEma to HLEma range presently...
Prabhat - my morning premarket post target still valid but i am not comfortable in long hence closed nearby 60 lvl. still i hv one doubt BN is leading but sensex lagging very behind usually that's the clue.. hence closed my long again 29 to 17 low possibility open if 40 breakes
@ julius
Nice one
PT - sitting on my EMA .....break itttttttt and take nifty
nifty discount 20 points.
Hurdles at 4840-50-60. We might see another fall here
like yesterday, fingers crossed.
@Boarders
RBI to sell billion of dollars One party ASR shouting
is it worth the call
PT - y bother news? sir's clue - 1) this expiry may be low
2) who's in pain will get more pain :)
STB - me too with crossed fingers but how to type and eat :P :P
If EOD 4825 does'nt hold today than,,,next stop would be
4753<---4825....Just my view
@sujatha
thanks a lot
Not worth it PT. Remember Bank of England/George Soros kissa?
can v c bn-f < 9000,2day ?
sometimesbullsometimesbear
Got it brother
Nifty is expected to trade in the range of 4,780-4,890.......stock tips......In bank nifty 9,500-60 may act as major resistance level.
If holds the HLEma(4826-29), another trade towards HHEma & + possible.
Prabhat - reposting ":hence closed my long again 29 to 17 low possibility open if 40 breakes " wish u see 4798 break now will it??
current rise from low of 4803 fibo retracement done
in downside of 0.618%
Not holding..4826 would make new lows.
sir - now need your help plssssssss where to book partial profit or hold it???
Sir - always crossing :)
backk -->
Nifty will b weak again, if we see 2 30mins closes < 4815
Rupee @ 56.08 now
@ Sujatha,
S2-@ 4783 & camrilla's L5-@ 4755-in this zone.
"4755-4783".
Stockgrp pls mention that the levels that you mention are may future levels and not spot
"Intra shorts" SL 4830.
@Sujatha Ma'm: re-posting:
" @Mynac: I am not sure if 4800 would hold for the day. I am
of the view that sometime around 1:20-2pm nifty must break 4800.
But at the same time if nifty spot crosses 4850, then I feel
we are due fo 4891 for the day.
@PT: What are your views.
May 23, 2012 9:57 AM "
If you see it resisted exactly at 4850 & falling.
@Master: Am I learning & improving?
@Prabhat
Till now the Fall in ruppee has not been accompanied
by the steeper falls ..... So expecting that one
ultimate panic ... May be 4696 NF ..
Dun know why the fall is holding itself
Have to leave for the day. Will come back in evening &
read the posts.
@PT/Sujatha Ma'm/SBSB/Mynac: I will leave nifty to you. Pls do something &
close it below 4822 for tgt of 4720 tomorrow.
Sir - thank u again i closed @ low as "price is fishy" doing different put/call hence bach gaya or else only my broker will earn :( 4800 will not break easily??
PT - empty hand..waiting for "vilain time"
Dear Prabhat,
Trading below 4845 shall be threat for new low is my understanding…Nevertheless, want a close above 4845 for the day for better trading opportunity.. :)
Camarilla Intraday Follow Up:
Trade2 - Scenario 3 - Nifty Spot
L3@4831[BUY]
L4@4802[SELL]
with 20pts SL or your own.
oh mynac - then onceagain 45 level????
New Post Done.
Dear Sujatha,
It’s just expectation :) due to slightly nearby oversold Hrly condition, if it will try the same …then ok.
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