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...
29 comments:
5 and 21 ema converging in 5 min charts
will it be a fast rise setup for higher highs again??5719 waiting
sir
can u tell me from ur vast experience
whether speed of retracement also is also a factor towards knowing a trend ?
for eg it took 14 days from current level down to 5548 and only 7 days in the opposite direction.
thanks
at this point seems they will be successful in eating prem of 5700pe
will they move ahead on thursday for eating 5800pe
if ns may trgt 5742 today then possibly may trgt 5772 on thursday
test msg!
does anyone using getbhavcopy for EOD DATA .I am facing problem in downloading data AND ANY OTHER GOOD OPTION for eod data in same format of getbhavcop.if there plz let me know all blogger mate , thanks in advance
Sir thnx very much
@Sujatha,
Kindly check your mail.
Regards.
@Amrendra
you can use data downloader application for EOD DATA either in text or csv format
http://dl.dropbox.com/u/15825509/Data%20Downloader.zip
My Dear Julius
above 200DMA SBI can now take strong support at 200DMA if stays above this level on closing basis.
Sure Parimalji
A new high could complete the (iii)(green).
But weakness would be below 5704.
@ deepak pinto,
Faster retracement of the last fall or rise has been in existence to gauge the reversal strength.
Retracing 5777 in 8 days would be the key here.
BN has gone past 80% of the last fall while Nifty awaits 5731.
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00PM, VAH:5648, POC-5642, VAL-5636, WVAH:5617, Pivot:5642, R3:5680, VWAP:5698
Looks like the CE writers have lost the battle and ready to leave 5700 to the Bulls, More upside possible in intra…
Thanks & Regards
Julius - OK.. am taking external backup hence the cleaning..realizing how much i matured and still howmuch unmatured now :D (while deleting the documents) i deleted some...becoz it may looks like "am overposting @ group". some may like some may not. wat i need is "good mindsetup", for me mindsetup is important than "trade setup".
thinking of changing my trading style from this december series ,if my HW not done before this month end, then from JAN ...
"5717-5725" was the resistance zone while Nifty was holding 5634-41 zone during Oct month after the fall from 5815.
Hence, 1st res: 5717-25(5731-80%)
2nd Res: 5752-55.(5761-another 80%)
Julius - sorry "immatured" - this itself showing i am "immatured" :D
@ Sujatha ,
Make it quick (Sorting out HW & getting back in full throttle); Some interesting times ahead.
Best wishes.
holding stoploss of 5711 for one nifty short
not giving up yet
regds
Sujatha,
I track all my failures & success, Changes trade setup, qty decision taken on date, reason etc in my personal trade diary - Do that too.
Good Luck. :)
@Master Mr.Illango,
Kindly Bless Me too.
Regards
New high past 5713 would be an indication of achieving 90-100 points target for the day.
@ J.R.Julius,
Everyone here are blessed.
Sujatha was wished as she juggles many responsibilities.
Male members too manage double job.
Thank you Sir.
Finally found the reason why gold shot up yesterday......Bappi Da's Bday today!!
@cooldent
lol.......
sometime stretching on co-relations could be odorous. for instance,
1 USD = 55.6300 INR +0.00200 (0.004%)
yet Nifty could make an upmove.
@master
thanks for blessing all equally
you reminded me my great-maternal grandpa.....who always bless 6 cousins......
thanks for your kindness.
a bearish WW pattern developing in ns charts
may move up for higher highs towards 5723 then may again dip below 5700ns
Master,
Any possibility of irregular flat in intra charts?
Thanks!!
New Post Done.
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