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...
63 comments:
rajapvt The problem is not with me I have now spent over 8 years in the Market and have reasonble expertise to handle my trades. It is a general concern.
rajapvt this is also because I have been associated with this Blog for over 7.5 years and I have a genuine attachment to this blog and the blogger.
On 1 min chart there is an ending diagonal in place for the current upmove.
@Sandy: I used post earlier without any chart reading, later I used write as per my reading of chart, now trying to read what actually chart saying, still need to improve the understanding. But now started playing the mechanical JNSAR (daily) and watching the charts and comments. May be new comers should not start trading immediately by looking at this blog and should read the suggested readings before they actually trade.
S4S - kudos...that's almost last 3 week's low 37/33/41 78% of monthly also there nearby + weekly cam L3 fingers crossed becoz still shriram-ji proposing bulls only :P
Rajapvt please note that my comment was not to hurt / offend you. I am sorry if you have felt that way. I have just intimated one concern to Ilango.
words express more than thoughts
@Sandy: Nothing like that. I am just sharing my experience over here... I too gone through that phase of getting distracted and misled in the trades.
Afternoon Everybody...
Yes rajapvt I am in agreement with you and I also know the oldies with experience the problem remains with new people.
@Sandy: That is why @Sujatha used to delete her comments/views as soon she posts it over here. :-D
I have seen people who don't even understand how to read Oscillators trying to put across their wave counts!!
On daily chart Bharti consolidated for more than eight trading days. today it has given a breakout on the upper side
hahah..suja, y ur behind poor hungry bulls ?? ;-)
என்னய்யா நடக்குது இங்க
ஏதாவது போஸ்ட் பண்ணலாமா கூடாதா
சீக்கிரம் ஒரு முடிவுக்கு வாங்க....
Illango Sir,
As Nifty crossed 5643, is Red iv count negated ??
@mynac
good afternoon
kya laye ho......kuch?
Streaming quotes freezed in NOW & TT. Similar case with everyone?
raja - hehe :) nothing specific am posting for "specific persons" whom i want to share..nd i know somebody will "hit nail on my head" so contra views i will delete
shriramji - me, bears and my fingers all "freezing" becoz of bad weather :( :) bears too hungry sirji 625 break i feel that's powerful but still didn't ask sir anything about it for confirmation (mostly i will not disturb him) becoz all my own blah blah donno whether it's valid very much technically :D mid point crisis may show it's colour now. dear mynac "entered for batting" let us see the result :)
@DZIRE
yes in TT for me, that volume issues in futures is still there for me :(
Dear anm..
Nothing new..:) just trying to play within 5686-5545...
Dear Nilesh Deshpande's ATR is updating during market Hrs.so it's very much helpful...
Thanks Nilesh...
Rajapvt broadly I feel 5750/75- 5550/25 will be the range till US elections are over and Ilango's Flag consolidation gives the right picture.
Yes DZIRE...
@Dezire: Yes even in ODIN too...
Started working fine.
@ AJ Bhai
I contacted SK team regarding this issue & after verifying the problem with the help of TeamViewer i was told that the glitch has been identified & in Next Release of TT this will be rectified.
Refreshing the chart is the option we have @ this point in time.
@Sujatha,
அப்படி எல்லாம் ஒன்னும் இல்லை. உங்க பரிபாஷைய புரிஞ்சுக்கவே 1 வருஷம் ஆகும். யாரும் பாதிக்கப்படனும்னா 1 வருஷமாவது ஆகும்.
Lolz... Don't worry.
So you are bullish?
I am still bearish in my view.
@Julius & Sujatha: hehe
yes suja:
mid-pt crisis can emerge, and that is why the view is market can be deemed buy on dips , only if EOD close > 5641 & better if tomo EOW > 5660 , plus the need to regain Golden ratio @ 5648 :-)
@ mynac
Today's HVT happened quite early @ 9.43 AM. I have seen HVT either at the opening itself or somewhere near noon. But today was an exceptional day & result is also in front of us.
Julius - அடடா ராஜா கூட நம்ம ஆளாதானா படிச்சிட்டார் போல கரடி மேலேதான் நானும் பயணம் இது சும்மா ஜுஜுபின்னு நினைக்கிறேன் கிட்டதட்ட ஒரு 150 மைனஸ் எதிர்பார்க்கிறேன் 625 லிருந்து பார்க்கலாம் what's gng to happen to my SL??? whether gng to beat or give
@JR Julius: Though i can understand & speak Tamil, i cant read it for nuts...
Only thing legible was Lolz.. dont worry
wot shud we worry about exactly pls ?? ;-)
after the swooning dose (given by Kejriwal and company) RIL is gaining senses
@ shriram ji
Nifty is on track to give closing above 5DEMA after 4/5 days. We might see some upward momentum in the coming days provided 5650 is taken out with force.
nearing to end of the day, market dozzing after upmove...
Master@ TT update pls..3 pm
My Dear DZIRE
one more high volume trade occurred at 2.34, if i am correct
@Dzire: Your wish come true today' itself.
Thanks DZIRE :)
Dear Dzire:
YES :-)
Bulls seems to be strong enough. there was no liquidation seen in the 5600puts but now 5700call have seen huge liquidation of more than 6lakhs.
very difficult to understand market for last few days.
a possible gap up tomorrow.... ;)D
Dear DZIRE,
Whenever it's not @ opening then,assume it that Both Byers and sellers are not so sure about each other's action and their strength for the day...and so only judging each other..and when either of the party get "their" confirmation,they start to proceed in their desired direction with the help of HVT...@ appropriate level..
friends!!!
what to do with remaining short? totally confused?? should cover or wait for tom JNSAR hit?
Dear Anmp:
depends on ur style of SAR...
For eg, A 5DEMA follower wud not carry shorts to tomo
anm
jnsar last lot remains
no additional shorts as close above 5dema
Trading above Week JNSAR ...
Thanks Shriram ji
once again -ve stoch cross over at overbought area, anyone confirm? Hariji.......
thanks cooldent
was confused because hrly stoch give -ve cross over in OB zone.....and daily near 20 but not triggerd?
@anmpatel,
As tomorrow JNSAR is 5663 it is good chance for resell with 20 points SL or either wait for tomorrow JNSAR to close remaining shorts.
Dear Nilesh Deshpande,
Today,as ATR Range is updating,within market Hrs,there shall not be any change in refreshed DATA after EOD is my assumption.
Am I correct ?
If Thursday Green then Friday big Red, in past weeks
Thanks mynac ji for explaining the psychological aspect of HVT.
"and when either of the party get "their" confirmation,they start to proceed in their desired direction with the help of HVT"
This is precisely what happened today. Seeing the 1st HVT, 2nd HVT took place @ 1.12 PM. So your above statement is validated with regards the herd following.
if (v) starts from 5649 (61.8% retracement) tomorrow as per master charts may be it could be a gap down also.
Dear DZIRE,
Earlier,I have observed it many times...:) so only came to this conclusion...
Dear Lakshmi216,
I would not like to comment on gap down,nevertheless ATR Sell Zone for the day was : From 5649.7 to 5664.7 and Nifty top 5649.75 is there...so only asked Dear Nilesh Deshpande...
Very sorry state for bears,
5600calls saw unwinding from 62lkh level to 54lks, ie liquidation of around 8lks call while on the contrary 5600puts added around 6 lkhs.
surely the OI table is showing a bullish picture.
only waiting for EOD data and Sanjayji's update.
@ Parimal ji
NF saw HVT happening twice @ 11.35 AM & 2.35 PM.
In my previous posts all HVT details shown are of Nifty Cash.
Gone are those days when NF used to trade an average of 2crs now a days its difficult to even touch 1cr figure.
Thanks and bye everybody..
@Mynac
The ATR system updates itself only during market hours. As the TR gets consumed, the BO & BD targets get squeezed / adjusted automatically too.
There are no updates after EOD till next tr day.
Dear Master Good Evening
Please post EOD charts for Nifty and JNSAR-stocks for 02-11-2012 & BN'S TT.
Thank you very much
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