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....
-
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...
70 comments:
My Dear Shradha Saburi
if NF price closes above hrly Kijun EOD, may it move to resistance of 5380, that is minimum trgt of Inv.H&S.
Breakout??
Dear parimal
exactly! only 5380- 5400 hurdle.
after 5400 daily kumo cloud shadow will vanish
regards!
Dear parimal
after 5400 nifty will gain momentum also
regards!
Piyush - OMGGGGGG mera 343????? BNF done 745 closed position. 343 taken out..totally timebeing will forget the bears
@ Target for upper line of wedge is almost done is it fine to short nifty
staright hit 386??? shhhhhhhh
My Dear Shradha Saburi
moreover, hrly MACD has turned positive
regards
@Sis,
Why exited to early?
@ SAM,
Upper line resistance is around 5370-85 zone and it rises as the days go by.(or hours)
Must consolidate in this range and then should gap up resistances tomorrow then 5400 in sight.
Nilish-ji - lack of discipline :P agree it's really unbelievable for me as "my targets" all done (as per yesterday's and today's morning) lately joined @ 5316. if 343 protects then i am expecting very high target who knows without "any hiccups" it may achieve i under estimated my No. 270 also..
All five hrly candles of Tata Motors are poised safely above 200DMA
suja
levels noted. will wait for 386 now
How many Jumped the Gun Yesterday?
Dont cheat yourself comeout with truth.
Karo Sach ka Samnaa
Me DRji....bina petha..no kripa..:(
DR sir
I did but quickly reversed yesterday itself
DR-ji - hope u kknow - i am the "first bull yesterday and today morning too" inbetween changed my coat before my SL hits again managed with LONG and closed.
Piyush - But 343 break down means this time 270 will not hold let me see how it's holding @ EOD
My Dear DR
i followed JNSAR
regards
5300 puts increased 5300 calls increased means??? missing mynac verymuch
i followed bullflag and i mentioned it too
Clearly higher highs and higher lows on hourly charts right since morning.
sujatha,
Hats off to you. you are the finest trader i have come across.
Kumarji, sahi bolte hai.... Sujatha Institute.
Regards
BHEL,Wipro,Sail,Kotak bank,ACC not participated in the rally.
Even Tata steel has not participated.
Sujatha
Sis I knew
:D
====
& I know few more are there are shy to admit
If Prithvi would have asked his question before 3:15
it might have saved somebodys SL
===========
Dinesh Rishi said...
Prithvi said...
asking after 3:32 PM :D
till JNSAR do not trigger short
by default we are long
July 9, 2012 3:38 PM
@dinesh bhai
i did reversed yesterday itself
noted suja yesterday ur 5270 protected showed upmove.
Bank rally majorly lead by Axis bank,PNB and BOB.
Yes bank,SBIN,Bank of India,Union bank not participated.
ILANGO sir you say to keep an on tatasteel look at it nifty making high but its not moving a bit.........could to please put some light on this....thanks
My Dear Shradha Saburi
NF consolidated since the big gap since 28.6.12,
and today Kumo has turned around
let us see what it implies
regards
S J K - no can't say i am a good trader. good trader should not change their "mindset" often. whenever i took double decisions that day i lose since yesterday i was aiming 745 BNF and today too mentioned i will get down once 745 done..but changed 'my mindset" fraction of second 314 the way it taken out" oops..i fed up and acted fast" as no other option for me :) :)
NOW also the same 343 today and tomrow it's valid - if it's not acting good here...fastttttt fall i am expecting
dr sir 8 lots ofnf shorted 5305, nf 5345 sl hit huge loss
@ sandeep SAme boat bro
Same here bhaiyon....hum bhi hain kashti mein sawaar gham batnein....:((
@Sujatha,
After 2pm market did changed a lot. 5300 PE has added almost 17 lakhs OI whereas 5300 CE has lost 3.7 lakhs OI. Yesterday there was 13 lakh addition in 5300 CE. Now it has shed 3.7 from that. Now it seems we are in hurry to reach master's 5375 level tomorrow morning. Who knows we may get there in last half hour.
sam/sandeep - my wind is blowing there?? y u shorted there??? that's 61% of weekly future level and nearby opening price of monday 5310???
yesterday is bull trap today is bear trap???
i am repeatedly ashamed of self
aim - that's y i am not breaking my head with OI which will not suit to me only with Nos. is comfortable. Y 75?? shhhhhhh 86/420 also on cards according to me 343 is villain
sitting on huge loss .. not sure to carry puts or not :(
@sis,
Please 1st show 5375 then you decide bull or bear trap.
Suj amma yest was a corrective today trend continues no traps. Tomorrow anything can happen depending on who opens mouth PC or KS or MMS or ...
Nlish ji - 343 is the hurdle :) almost all indices BNF NF Nifty spot, sensex touched it's part of peak. BNF 786 not taken out is bit free for teddy bears taken out..bears govinda govindaa
Thanks for everyone who raised hands when I asked
about 5342+ :D
@Sujatha Sis,
Congrats for sensing movement FIRST :)
Mr.Nilesh Sir too told BUY when sustained
above 5354 (YD SAR).
Err : 5254
@Sis,
Booked out. Not available tomorrow. so no position.
all seniors some more guidance required to save fund or perish is the tgt
STB - 30 mn.s s OB nd am upset over my "wrong decision inbetween" ..so closed my long . 343 will play "nasty game" whether up or down so i am cautious. will try to "put my mindset right" and back
Bye for the day.
@sandeep
i am not senior but switch to jnsar method.wait for next trigger.
Sandeep
if in doubt stay away close positions and just be
calm -- next oppurtunity awaits always
@sandeep,
DR sir always told that wait for next opportunity. Trade only JNSAR.
DR sir,
i m in long,thanks
julius sir huge loss
Vix has not yet broken the double bottom to keep in mind
Adjusted close will be 5344+
SAM said...
sitting on huge loss .. not sure to carry puts or not :(
=========
I dont think on JN we any time advocate of trading
options except on expiry
Stay away from options they are WOMD
@ Sandeep
Stay away from options even on expiry day.
LV
hmm Lesson learnt :) Thanks
GA Master, seniors & blogmates,
Sujatha mam is making money only.Congrats mam.
Yesterday I m in doubt taken no position today also no position but buying 5300 PE put at 46.
Venkatapathy Sir
Thanks for correction
JNSAR is such a simple and wonderful system
@Mr.Sandeep,
Sorry about your loss. Kindly come to Y!Msgr
after 9pm. Take Care. Bye.
prakashbkc said...
GA Master, seniors & blogmates,
Sujatha mam is making money only
=========
No she makes idli, dosa, sambar, chutney and so many dishes also :D
Going for Gangs of Vaseypur
Sis,
What is 343? Previous week high+10?
Thanks.
@ Sandeep sir
Hold DR sir's hand tightly. He has given here Stochastic setup to us around 15 days back. I fallowed that and 9 wins to 2 losses till now.
Hari,
Can u pl repeat the setup here given by DR sir
Regards
hari sir may i request u to kindly share it with me
@hari
He has given here Stochastic setup to us around 15 days back.
Pl provide the pointer ie., the date to lookinto the older posts
Thanks in advance.
@Mr.Sandeep,
I second Mr.Hari.
By God's Grace I got some light from
Mr.Dinesh Rishi when I struggled badly.
Eventhough I focus mostly on day trades,
I respect SAR trading which will give
consistent profits if one follow it religiously!
Hari_Hyderabad said...
@ DR sir
Thank you very much
Gr8 going
========
Mr. Hari I would like that you share with everybody your trade setup.
June 21, 2012 3:22 PM
===========
Friends make use of "Search" Button of this blog (Dt Jun 21)
@ SJkolkatta
Sandeep
NSB
Sorry for the late reply. I use Sharekhan Trade Tiger for my charting. On 60 mnts Nifty Future chart I use Stochastic with default settings 3,5,3,. Go long when ever positive crossover is seen with suitable stop loss of 20 / 30 pts or day's low. (Only condition is JN SAR should be in buy.).
Post a Comment