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...
58 comments:
DKG said...
@ Stock4Sure,
Itna confidence ??
July 13, 2012 2:04 PM
@Stock4Sure- Wow!
L3 Reached......
If "5195-5200" holds after break of 5218, the 5-wave down comes into contention again.
@Julius ,,I too initiated CAM trade in the morning ,,,,because JNSAR down,,,@H3,
@Mr.Suresh Nifty,
Congrats.. Cool Approach...
Ilango said...
If targets don't come, break of 5243 & 5230 may be used to sell.
July 13, 2012 1:34 PM
--> back
if 5115-5220 holds here, can see a pop back up to 5268
yesterday NF high 5279.95 today 5276.90
yesterday NF low 5228.65 today 5228.80
No guys, its not breaking 5215 for now, it does not seem to be the case. It will thpough eventually.
@ SJkolkata,
A "Flat" correction has such a possibility for yet another attempt to 5275+.
Which is what Shriram has voiced.
any body know what all result we have lined up ... please
Thanks master
julius sir n master thanx
sir is there any way of confirming that @5217 we have finished 3rd of Vth or completed b of b .
@Julius Sir - Is L3 non trad able now?
sir,
only 275+++?? :( again caught at my no. 215 wat is EW 194 no.??? it's hardly protecting. if this protects then itching of one goodddddddd upmove first. now wat is the "macro"'s position to enable me to decide. thanks n advance.
@Shriram,
Thats not possible now. Market has limited time left to complete its retracement towards 5112 or 5175
Dear Pankaj, once 5268 is done we can still do -130 pts to complete ur tgt @ 5140-5175 zone,
araam se dekho :-)
I think TCS may hold the key to Nifty retracing back its downfall
Should we take shorts home ? ?
@Powertrade, no way, hold it. As they cut your losses and let your profits run!
@Shriram, thx!
LOL 5215-5220 saved :)
Ilango sir..wht is the position of Daily Lead indicator...will it break trendline today??thx
I meant as they say ( missed the say word).
ofcourse everything hinges around this 5115 zone...
@Pankaj
Thanks a lot
What a surprise. PT asking abt shorts....
@ Sujatha ,
Your best bet presently is that
by breaking yesterday's low of 5218, it could be considered as a 5-waves completed @ 5217 today which could produce a retracing rally of 38% to 50% of the fall.
One worrying factor for bulls is Day trend turning down only yesterday with a follow up action confirming today along with Week momentum losing with a close below 5271.
@ bizagra,
It did it even with that 11.00AM close of 5259.
3.00PM TT & Chart Updated.
Hold-5225, you have the bounce possibility.
bears have to break 5191 in nf to change the trend.this may b D.
sir can you plz tell the internals of 5th wave finishing at 5217 because according to me we finished 3rd of Vth at 5217
Ilango ji,
my last friday's Q still awaits ur clarification..
In today's case, if price trades > 5DLoEMA , but 5DEMA is DOWN, is this an Hr T/f correction ?
If yes, wot would be the T/f of the corrective from a case where price trades > 5hrLoEMA ??
sir
thank u. arrived figure of 36 or 47 @ close is it good to carry "aggressive long". little(??!!) adament in my long becoz of 194..need ur guidance. ofcourse got it @ 5225
I positional long advisable , becuase it seems Dow will be +ve today after 6 consecutive loss sessions amd we may see gap up on monday ?
Seniors pls confirm
Good Afternoon Ilango ji
@Sis,
Banknifty Jnsar is yet to trigar sell.
Dear Ilango ji
Is it reversal of uptrend or it is a short term downtrend resulting in correction.
Thanks in advance and regards
ahelp pls :) koi to batao ki long hold kiya jaaye kya only 7 min remaing
No Long please.
master, if wk EMA is protected,can we say though wkly momementum is lost ,still wk trend is up? thank you.
Nifty is Closing below HLEMA, DLEMA & WEMA. So no long carry please.
Nilesh-ji - thanks :) 194 is like "high potential medicine" as per me...let me see whether i am failing or winning am with call not nifty = loss is limited + risk reward favour. it's like my 343 no. not initiating shorts at lowerr level
@Rahul -JNSAR is 5287 if you trade as per jnsar there is no reason to take or hold longs......
@ shriram,
If the downtrending market closes above DLEma, it could only mean that one T/F lower is having the counter trend move (Hour).
Above 5 Hr LEma, it could be any one of the lower T/F-30min, 15min or 5 min. Since I don't track them fully, I can't pin point it.
DEAR SIR,,Is it bearish engulfing for day?
@ shivanGupta,
As long as 5242 is not breached, your label is correct.
Dwelling too much into minor correction, you will miss the "Forest for the trees".
@ @ shriram,
Till 5DEma turns up, it could be treated as Hour T/F corrective.
tks sir,
my doubt was: since breach of 5DHiEMA @ top or 5DLoEMA from bottom is an hr T/f corrective,
shudnt we wait for 5DEMA to TURN to enter a fresh SAR swing trade?
"Forest for the trees". - huh.. sir seeing both the B& B sides now.. donno whether bears r gng to get honey.. or bulls r gng to get "good green grass".
OMG - dow-aye namah..may GOD BLESS DOW today and let DOW give friday's knock out punch on "bears"
PS : If gap down opens with MID BB level me govinda govindaaaaaaa
then is it a Hi probability option to short/ long on breach of D hi / Lo EMA ??
Or shud we wait for direction to be shown by 5DEMA before bringing on the howritzers on the war front ?? :-)
@Sujatha
:)
Brokers day....
@ sethu sir
I am also from chennai, your blog has no posts or i don't know how to have touch with u. Please guide
P.Raman
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