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...
42 comments:
@master
unable to see the chart.
@S4S,
what made you comment that the fall will be sharp after new high?
Regards,
"5634"..proud bulls obliged promptly.
Thanks guys! Zerodha looks impressive. I will try it.
@master
Ilango said...
"5634"..proud bulls obliged promptly.
November 1, 2012 12:29 PM
could not understand.
thanks.
anmpatel,
Earlier master was not happy that bulls couldnot even retrace upto 5634.
QUOTE
Ilango said...
Inability reach even the minimum of 5634 is weakness as well as conviction of more downsides.
November 1, 2012 10:46 AM
UNQUOTE
@kiran
somehow i could not still clear with retracement trades...5634 retraced...now what retracement to look for? means which number is imp?
@ pankaj,
gimme your email id...mine is their in my profile..
~~~~~~~~~~RE-POST~~~~~~~~~~~
Strategy for the JNSAR Re-entry:
Mr.Nilesh Patil's Input: I found that many of the JNSAR Traders may not get proper reentry with your premarket view or they are hesitant to take a reentry with 2nd lot. For those traders/ learners, I found one simple method to get reentry with JNSAR 2nd lot. When you are in the position of JNSAR & 1st lot booked, to initiate 2nd lot reentry, do settings 21ema and 34ema on 5 min. time-frame. When EMA's gives cross to downward then wait to give candle close below the 21,34. Take the trade in short. SL is above 21,34 ema close candle of swing high. For buy position, vice versa. This gives the trader a good reentry point with proper SL. of 10-15 points and thus he/she can get confidence on taking reentry on JNSAR.
@CDG sir
as i mentioned ns is trading making an expanding tiangle pattern and is very near to its upper T/L
may reverse from here and may try to test lower T/L by making lower lows
generally volatility increases in expanding triangle pattern as range get increase every passing moment
CDG - @S4S, what made you comment that the fall will be sharp after new high?
oh...still new high possible??? but 625 s the strong downside breakout na think with volumes too am dreaming of downside first donno which side "Nilam" will go whether bull or bear first my today's 20 pnts consideration over 614+20 = 634. ball @ ........ court. am feeling like sitting inside the fridge :P wearing ..... coat
bye - join @ 2 pm
a very very small bullish WW pattern developing in ns charts may make a lower low near 5623ns(pt 5) and then may move up towards 5637-42 range to form pt6 near 1.50pm which in turn may be pt5 of larger bearish WW pattern for trgts below 5570 till tomm
@waquar, its pankajvijaywargiya@gmail.com
@Ilango
consistent resistance at 5 sma and 34 hr sma...your views would be helpful
@S4S
Is there a link where one can know more about the WW pattern that you mention quite often over here?
Kindly share some more knowledge on the same.
Thanks
Nifty Spot around CAM H3[SELL ZONE].
Just for Information.
as in Nifty which did touch 5634 (point from where consolidation started) Sensex too touched 18549-50 (just 2 point short of earlier low from where consolidation happened.Now for final down move towards a minimum of 5541-50 or if breached till 5450 (which is far off and seems most unlikely as of now but the head of wave-2)
Master@ SBIN confluence of 50, 100 & 200 sma in y'day daily bar..Will pls share your views if time permits...Can it be considered a trending move for 12-15% fr this point..thanking you
@master,
Sir, is there a rounding top formation underway on Nifty Spot 15 minute chart?
If yes what is the target and what would be point of invalidation?
Thanks Master...i was out so couldn't reply u...if it is "a" as and ll folow by b & c then ..this low may not break till tom afternoon ...timewise
did anyone facing problem with refreshing blog page? it hangs in both chrome and explorar 9 in my PC.
thanks.
Oh, boy just 30 points away for the stoploss...
@Mr.anmpatel,
From the Morning I face problem to open blog!
I thought it may because of some net problem.
Bad Weather here...
--> back
Ilango ji,
This whole move from 5815 , can morph into a CT if say 5648-55 Resists ??
May see one more "e" down then , possible to ur eyes sir ?
Close > 5660 will turn up wk, hence the proposal
@EVERYONE
Is this a Bear Trap??????
5642ns
time 1.50pm
WW pattern ka perfect execution
time to be cautious with longs
stoploss locked in the system,,,
Nifty Pre-Market View:-
Hence, resistances would be in the region of "5634-43" & then "5659".
Hence, the opening support may be in the region of 5599-5604.
@CDG,
Just a healthy retracement...
@S4S
You have hit it right on the eye on this. Now lets see if the second part comes true as well... Fingers crossed!!!!!!!!!!
@ STOCK4SURE,
Your WW pattern observation is quite good.
may be n-s res @ 5645/58
@S4S
should we sell ? nifty 5600 Put Open interest increasing.
Ilango please see if you can allow anybody & everybody to post their views as an expert to your Blog / Justnifty Google Group without verifying their background, knowledge, experiance etc. One can easily get confused and lose substantial money with these attempts of the new learners cum pretending experts. We have also seen many people using this platform for their business development as well.
@stock4sure
Bingo!!...thank you for sharing
Bullish alt. view can be , on 30mins T/f, we have a rounding bottom forming, will gain power if we can scale 5660
Dr ANM: Not in forefox !!
@s4s: As usual I relied heavily on your wwp analysis with jnsar.
thx
thanx sir and friends for appreciation
samay samay par thoda appreciation mil jaye to achha lagta hai
sell shd have sl abv 5665ns
@S4S,
Your second forcast is coming alive.. what a calculation.. Fantastic and so correct....
@Dear Sandy: Please keep your eyes on the updates from Ilango. Rest read for understanding so that it helps in learning process. I too faced this problem earlier, now started reading other's comments to learn myself on reading charts with various patterns. I started ignoring that the comments that comes without any reasons.
A noise trader is a stock trader that does not have any specific information of the security. If the efficient market hypothesis holds, NTs add liquidity to a market while not distorting valuations.
In fact, a market without noise traders will tend to break down, because prices in such a market will become fully revealing. Informed traders will not enter a market without noises, because it is impossible to profit from trading in a completely efficient market. Informed traders need the existence of noise traders to “hide” their trades and by trading on their private information, informed traders make profits. Through trading, informed traders gradually release relevant information to the market prices and together with the noise traders, they help bring the market back to equilibrium.
My Dear STOCK4SURE
why little little appreciation, i shower you with lot of appreciation. like to request you to kindly share some write-up on Wolf pattern and time calculation
thanks
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