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...
65 comments:
Almost 19-20 points discount going on....
Change in Approach.
If H3 & H4 and L3 & L4 Range too Small as today.
From next time
Condition1:
if market runs max time inside H4 & L4.
We give entry preference to H4 & L4.
Condition2:
if market runs max time away from H4 & L4.
We give entry preference to H3 & L3.
20pts Stop & Reverse opposite direction.
My intuition says this approach will work on
such low range days. Actually I insisted it in
Pre-market post but not implemented. Anyway lets
observe this few days.
@ Master
4850 Seems to be major support on graph joining low
of 2009 ( 2525 ) & 2011 low ( 4538 ),, taking support at 4850now
So can we expect deep cut bellow this ?
or a reversal if took support ?
Please kindly check below link
http://imgur.com/u20Wt
Your 80% retracement observation is really wonderful. It can be used as an early warning signal for trend change also along with other tools.
48, 37, 18 for this hour???
Dear Sujatha!
Ur counts will start below 4850 only. Count 4900-4909-4922 if sustain above 4885 and then fly over:)
Trade 2:
Short@4863 on Hold
without hitting stop/SAR.
@ sandeep bhoite,
I verified the trendline support yesterday and have updated the same in "JustNifty TA(17th May)" file yesterday evening.
The trendline of 2009 & 2011 lows of 2259 & 4531 comes at 4837.
But the trendline support of 2008 & 2009 lows of 2259 & 2539 could be closer to 4640.(Approx)
It means below 4837, another 150-200 points possible.(OR more too)
Reminder about Risk management:
Never take more than 3 stops in a Row.
It means we are not aligned with the Market.
Dear Sujatha,
Big-Big tussle going on,@ present...
Just have look @ NF O.I.it is almost 2.27 Cr.
Means either few Big players might have covered their,
huge shorts or some have gone heavily short...
Probably Nifty close and final Bhav copy would give us
hint for tomorrow's trading..
Nevertheless,Watching 4865 very keenly...
Kumar ji,
pranaam sir..
guess ur looking for Expanded Flat with BIG "C" down from 5630 ?? ;-)
urs
Dear kumar,
As per my understanding..
@ 2.45 PM ,now 4850 has not that much importance left,
It has gone up to 4865..there
sir i am new in indian stock.... i start stock trading 1 months ago
i follow ur orb rules ...15 min its correct.... i gain abv 60%... sir
any suggetion any otheres technical tools to i get more accurasy
Hi Sandeep bhoite,
u have visited imgur.com instead we should say and visit
Just Nifty and say urguru.com
Regards
No offence.
Jai shriram!
Complex market bcoz short term trend down but big support area nearby. I am looking for a short term reversal of 200-300 points nearly from yesterday's low with stoploss of 4750. Your scientific method is very fast....EMA-SMA=PROFIT:)
Sandeep,
Just joking
LOL
☺☺
plss sir ans my querry...... its very imp to me
Dr saab,
gud afternoonnn..
☺☺
kumar ji,
LOL sir..
Scientific to be combined with more important spiritual enlightenment from illango ji:
Systematic + Trend-following = Profit !!
No more predicting bottoms & tops :-)
mynac - thanks a ton always like "krishnaparamathma" appearing @ right times
Kumar sir - :) :) give me once 18 for today atleast the game may On again
@ Master
Got it Thanks for teaching
No more predicting bottoms & tops :-) - Jai shriram
am regularly reading ur EMA posts (not EW) hehe yeah.. 30 mins. google is worth really am using different emas
Trade 2:
Altered H3 SELL@4863
reached 12 pts down.
Primary Target 20pts.
Due to time constrain
No More New Trades.
@ parminder
:)
Bank Nifty took support @ falling wadge trendline.
Dear Parminder!
Good Afternoon, nice to see u in action:)
Dear Shriram! Very well said, Master's positivity changed all ours life.
Dear Sujatha! I can give you any level upto 4837 but do not break 4837, either i have to arrange things again for weekend:)
Hi sujata :
EW = 400KV high voltage .. danger board , pl use insulation ;-)
Fibbo EMAs + Goo-fin + laptop + tata photon + JN blog = trader's nirvana :-)
INDEX TRADING FORMULA
Plz dont spam here
3.00PM TT & Chart Updated.
Attempt to defend 4850
Kumar sir - done :)
shriram - once again 'jai" to ur Fibbo EMAs + Goo-fin + laptop + tata photon + JN blog = trader's nirvana :-)
Index trading - in that case even "i ca also give free calls for intraday" 95% performance guarantee :D
Dear D R Ji!
Aapki sewa me:)
http://www.youtube.com/watch?v=NAkAdk0xBe4
INDEX TRADING FORMULA
if you wanna share anything forward to to Master
& dont post email ID here
Kumar Sir
Lolzzzzzzzzzzzzz
I am not an expert.. But still..
Sandeep bhoite
My contribution to possible bottom.,,the monthly chart connceting 2008/2009 lows comes around 4780 Plus co-inciding 80% Fibo.. May be one more fall will take Nifty there..may be it can happen tomorrow due to friday selling.. So many may be's
Kumar sir - gap up 2morow???
illango ji,
ABC flat in play from 4850 sir ?
@ subho,
If you are getting 60% gain using ORB, do not fine tune. Just do as you have been doing.
Make money first.
After retirement(tired of making money), you can start fine tuning (passing time).
You are presently keeping it simple. That is really good.
Besides ORB, know the current supports and resistances of various time frames and trade.
Keep it as simple as possible.
Kumar Sir
Mine is BTSNM
whatz ur take?
@ shriram,
In such tiny T/F, yes..it seems so. (I was also looking at the same)..
Tuned in well.
D R Sir same to same, more safe if closes above 4880:)
Do not sell your wares here, please.
yes sir,
@ sub-frac degrees... clear cut waves r not forming for past few days,
forced to rely on Fibbo retracements the way u do it sir. That's y i had asked, do u co-relate Wave ends with DLEMA ??
Kumar Sir
if BNF would have closed above 9150
I would have been happy but still taking panga against trend
with minimum quty
kumar Sir,
today nifty is making a higher high higher low candle, if the lows hold, first sign of bullishness ?
This gravestone doji looks bearish but its actually
bullish candle
cos bulls manged to take price above yesterdays high
could not manage to sustain but there no much harm done by
bears
could not get right writeup
but idea is here
http://www.fxwords.com/b/bullish-gravestone-doji-candlestick.html
DR Bhai,
Wud hve been "sone pe suhaaga" if it had been a Long Lower-legged Doji sort
Kal "morning star" ban jata agar 4890-4910 ke upar band hua to..
For now... we close with no change in DOWN trend ji
kangaroo tail wud have been ultimate ;-)
LOL...
shriram ji
I wrote its trade against trend (panga)
Closing may be below Dlema ?
DR bhai,
Japanese Candle stick mein "kangaroo Tail" ye naam kaise include kiya gaya?
We shud hv indian names as well.
How bout "kutte ki dum , bhainse ki poonch patterns " ??? ;-)
Trade2:
Close@CMP
Kangarootail
http://www.kangarootail.com/about/
Today we do not aligned with Market. 30pts Loss.
*Decided a New Approach in few conditions.
Lets see how the future will?
See you tomorrow with New Spirit.
Bye all.
ROFL bhains ki poonch candlestick pattern...
@ Shriram
well said.... jai Ram ji ki!!
Shriram
Lolzzzzzzzzzzzz
just for fun guys,... nothing serious pls :-)
Chill wid some beer, buh-bye all, EE done!
cheers
EE done.
thnx sir....4 ur kind suggestion
@Ilango ji,
chota sa request can u plz post a
write-up as how we could have had traded today, traded twice
trying to catch a falling knife, but ended up hurting myself
Good bye everyone, EE done too :)
@ DR
It appears to me a spinning top. Market got exhausted. A lateral trading day is ahead.
Regards
LV
E.E done.Thanks Master.
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