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...
64 comments:
Sir - my warm regards..
Neyaz - can u join with my prayer again??? still my "payer" is ON mode need fast and furiousssss "one move" (ONLY UPSIDE) hehe :) thoda "dhuva karo"
PT - u thoda shorts niche dhalo :) sirf upto EOD
PS : May GOD bless???? huh....
nanjil, AU and all such dissatisfied people - let me
inform my experience - but before that let me clarify that
I trust Ilango's calls - now evenif you don't understand
entry/exit - if you simply had faith in him - on 3rd may
JNSAR short was triggered at 5215 NF - look where is NF
today? almost 300 pts done - so when in doubt - follow the
master - in addition to that - Ilango daily mentions
important levels during trading hours - what more do you
guys expect? he is doing this for free. He is actually
spoon-feeding us - then? at-least take the effort to eat
the food guys!
Hi Sujatha,
Why you dont trade short on nifty ?
Why this Kolaveri Sir...
जब हाथी चलता है क*** तो भूंकते ही हैं.
Abhi - it's already there..wants to add :(
Dear Sujatha,
Nifty staying above 4848-4850.. you are in the game
below the same, probably PT would enjoy new low.. but
no disappointment,the further low would not be too deep
if there shall be any... it would settle around 4825 for the day...
As sellers want to keep themselves alive in the game,
they have no option left than new low...in-spite of
highly oversold condition...but probably a very short term
bottom would be there is one hope...
@ Sujatha,
First give me 4750, then i will also join you.
Abhi - i am a "countertrend" addict ..still not able to come out but with no target one fast upmove i will come out..this is becoz i started my trading "with intra day only" i will catch anywhere thro anywhere
Sir - pls. check mail time permits
today - ilango did mention a bounce to 4875 - did any one notice? - mkt
about to reach there.....
mynac - thanks a ton - proving again sir's words - helping hands are plenty :)
DKG - sorryyyyyyyyyy - first up only check morning post 9025/116 is pakka support let us see @ closing am eyeing on BN still chances r there for 183/230 also
Ilango,
There is no harm in saying about your “wrong interpretation” on camarilla.
You don’t need to delete my comment.
Or if you want me quit this blog. I can also quit and you can be happy with only “yea sayers” and no “nay sayers”!
Hi Syjatha, very much same here :). I just can not
stop myself doing this. Whenever mkt becomes oversold,
i become restless for goning long.
But today this char could give good result if we could
go long from S2 as mkt is oversold..but i missed it.
Sometimes become confused if i should not listening to
my instinct :)..i love my instinct so much but it give
me loss in share market .. he he :)
Abhi - 4837 exactly intra FIBO support 3 + weekly L4 CAM protectred that is the reason for my "long mania" + based on my adamancy i earned also and lost also :D
ilango sir,
earlier you said to sell in os mkt sell below 80% of last minor rise so does this mean
4870-4954 ......sell below 4887
If 5th done then a close above 4885 would be great!!!
Bought some 5100Ce June at 50...Trying to gain courage
from Sir.
@ Sujatha...Praying along with you
Humar short level aii Gawa ... Hum to short karunga again
Sujatha / Abhi.. add me your list.. apart from that i am trying to overcome long only bias in my system..
Bend it like Beckam...Nanjil.
I use camarilla with my experience and it works.
Systems could be improved with experience.
I have done it in TA.
It is a needless interference.
Your choice of words today has been very aggressive and abusive too.
Better stay off this blog...better for all.
No one comes here to witness such tiffs.
fastttttttt 9183/230 plsssssssssss
Whenever I see Nanjil's comment it reminds me of Nana Patekar!
Just to lighten things up :)
http://www.youtube.com/watch?v=akEghOfNwL4
@ shivanGupta,
Last rise for the morning session was yesterday's 4869 to 4955 and hence the break of 80% retrace @ 4886 was a sell at open and it reached S2-4837 as well as our pre-market's 4821-48 support zone. This is for day trading only.
Now the current rise is 4837 to 4869.55; Keep a calculation of 80% of this rise. If rises more, then alter the 80% calculation accordingly. It may not be a fool proof one but it works well on most occasions.
GA SIR
Avoid...
Camarillas/pivot/fibo levels there is no fixed rule...if u r following it it will be disaster only...check testing results,u will get my point...
buy at s1/s2 selling at r1/r2 etc etc....these are just
reference levels not necessarily turning points...
devising own rules is safest way, rather than crowd following...
sujatha - short at 230 if it gets there today?
@sujata...see what i told you...GOD heard your voice...
i wish some more time left ...for your wish....wait and may be you will get more....hahahaha
@ Sujatha,
9183 almost done, now release nifty and bank nifty.
@Sujata Sis,
Aamin.
@ Nanjil
Begani Shaadi mein Abdulla Diwana...Why kolaveri d??
Sis
BNF ORB broen upside
any plan of gap filling Kyaaaaaaa
Dr Sir is Leading his forces...Hammer in Daily
@Dr sir,
Muha ki bat chin li aapne.
@DR sir,
ameeen
BNF resisting @ Falling wedge trend line
Shant meri nifty Shant..
Now the fall
Never wrestle with a Nanjil, and besides, the nanjil likes it
Sir:
GA
@Nanjil;
Are you aware what disservice you r doing to the inexperienced?You are sowing a doubt in the mind of newbies which may lead them to book unnecessary loses.
Just by putting forth your so called doubts in the minds of gullible or the new followers?
All healthy discussions are welcome anywhere and everywhere But there is always a means of doing it You can always Email them to Illango Sir , he always answers them back ,or bring up in EOD post .IllangoSir has somewhere few days back mentioned that he will close his shorts when an EOD signal will emerge and which according to all of us know is a close above DEMA(Sir, pl. correct me if I am wrong on this point of EOD signal), which has till this day not come. If any of us close our positional shorts and enter longs it is our personal assuming the market direction for which any of the signals are not responsible. So coming forth with a doubt that is anybody holding short as per SAR is a baseless question as people who r not holding will be doing at their own judgement. ( Disclaimer: I have closed my shorts long back and have not been able to reshort positionally,)
Coming to the point of Camarilla trading all trading systems whether it is SAR or MP it is assumed that if a price comes from below /above it is safe to initiate an indicated trade with Proper SL in place the risk is always there in any trade but if we initiate according to logical signals generated there will always be an reason to the trade which we take and which is necessary.
I hope my point is very clear.
(Sir please remove the post if you feel necessary)
Ok Nanjil,
just take a chill pill and rest and leave
it to the master and his followers who are at peace and
harmony with him and respect his education and the time
with which he teaches (Nobody has the time to teach in
this Bloody Evil world)
☺☺
Master,
In nifty chart ,you use leadindicator, so wt is parameter
for that??
i want to add in my charts
Please
tech anaysis not not 100 percent science
it is an art
it may go wrong some time
Nifty getting ready for 4750 tomotrrow gap down
LAGTA HAI NANJIL LOSS ME HAI , IS LIYE ITNA BOL RAHA HAI
@PT
u r really a determined BEAR...
:):)
KAL BUY KIYA HOGA ,AUR AAJ DOPEHAR ME SHORT,
BILLI FAS GAI LAGTI HAI
@PT
:) :) :)
Fully agree with Prithvi.
Prithvi
Plz avoid Caps & comments these dont serve any purpose
@ Prithvi
It is Stoch 35, 3, 3
That bitter word, which closed all earthly friendships
and finished every feast of love farewell!
Robert Pollok
@Anil @Jigs
Lolzzz
thank u JN-mates who supported for my "prayer cum intuition" went well ..sorry busy closing position :(
For tomorow's prayer - OMG Gap uppppppp opening please :) hope u r listening to me
Dear Sujatha,
Why you are too much worried... though it touched 4848
yet it hasn't break it....
@Sujatha
how about below 4750 opening ... :D wishful thinking
Already a Closing below 4860 --- will weaken the entire
bull setup as nifty has not been able to scale 75% of todays
fall :) Wish ful thnking
huge addition in 4800 and 4900 call
huge shorts in my view.
Sujata yenu idha gap up gap down gap up gap down song?
Why not simbbbbbly follow price. :):)
@Sujatha
today also taking bears home .. closing belwo DLEMA
also ...:)
PT
BNF closing above yesterdays low
with hammer in hand
Almost 2 lac intra short covering in 4900 CE,in last half an hr.
mynac - sharing my prayer :) or harrassing all he he BN is my clue let me see
sincere thanks to DR-ji - still fine tuning so far not bad at all
Worry is - PTTTTTTTTT
Byeeeeeeee
STB - hurreyy market is like that :P
PT - don't forget yesterday DLEMA protected nd bullish engulfing hehe what it did today
I am a "chameleon" trader
@Sujatha
DR Sir bole na BN is above yesterdays close and Mynac always
has the bias free opinion ... Me to chota hun ... Ur prayers
kubul hoooo :D
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