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...
27 comments:
@cooldent
Thanks
sir thanks
my question was foolish
fib guide market or markets guide fib
as it asked which came first chicken or egg.
destiny or free will which is primary.
ur answee was wise dont bother with first and second just eat them and enjoy
( Excuse me vegetarians!)
thanks
deepak
@Mr.Cooldent,
Yep, SAR with 1hr candle Reading+Fib will be more cool.
Mkt comprises of "herd" which includes you & me. But if you can manage to keep your head above the herd, you'll see the direction the herd is "likely to take" and that is "edge". Mr Gauresh can add to his Quotation Book adding two more words "with the help of TA" i wish if this can be captioned on the top of this blog because this is the ultimate objective of TA
Nifty nearing ND Sirs sell zone
Sell Zone : From 5643.3 to 5657.55
Breakout above : 5660.4 (stop loss for intraday shorts)
5679 is double bottom trgt in nifty spot
whereas confluence of emas in 5636-5646 range will be immed res to any upmove
Intraday Camarilla Keylevels - Nifty Spot
Scenario#2
H4@5647 ↑
H3@5631 ↓
*Personal Decision Advised.
My Dear Julius
i guess you should be the right person to ask this question about Cam. i come across the site 'surefirething' claiming 'secret' Cam levels. though i am skeptical about its authenticity, yet you may kindly guide. i also dont know which equation do they use.
thanks for your time.
dear rajiv malikji i completely agree with your views last evening about SEBI banning mini nifty contracts . I think it calls for a strong protest from everyone as it harms the interests of small traders and investors in any form .Hope good sense prevails over SEBI and they reconsider this awful decison.
sent u an email too rajiv malikji plz see when ur free many thanks
a bearsih WW is developing in ns charts
trgt 5602 but may come tommorow
BNF sup for next 45 mts - 11571/65/52
dear saurav kundu nice to hear from u dear freind sent u an email too
Camarilla H3 Triggered
Nifty kisses ND Sirs ART sell zone and now drifts 15 points lower
Sell Zone : From 5643.3 to 5657.55
Breakout above : 5660.4 (stop loss for intraday shorts)
dear sir , seniors and freinds im doing some backtesting of emas but only last 4 years emas are available from the blog any place where i can get emas for 5 or 10 years? many thanks again
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@Mr.Parimal,
The Basic CAM Levels they use is same as we use. Apart from this there is one more formula is there. Basic Cam Formula (1)Formula{B} is H4 & L4 (2)Original is H3 & L3 [trend Reversal]
http://www.surefirething.com/trading-with-OCE.html
Closing Below 5330 Minor 2B Pattern.
It seems it is going to be a Doji.
Sir, can it be termed as a Doji in supply zone and can one play for resumption of the downtrend?
My Dear Julius
thanks a lot for your kind answer. shall pay a visit to the site again
regards
Minor 2B Pattern
http://www.mediafire.com/view/?pt0x22sgxrikyv0
@ ITradeForProfit Daily ,
Two possibilities @ work here:
A 5-wave move completed @ 5643 and a correction is on.
OR
Corrective bounce completed or in its early stage and could go for one more upmove after a correction.
In both the cases, some correction is due.....
Unless, buying emerges and push through the "5634-41-51" resistances tomorrow.
Ilango said...
This current rise from 5608 could be the (v)th wave of this rise from 5548 and it could terminate around 5543(WEma) or 5648-Mth pivot, provided it holds 5619 until then;
after which some corrections could emerge for the entire rise from 5548 to XXXX.
November 22, 2012 12:53 PM
looks like accumulation is going on in ptc .. break above 73 share can start its journey towards 80
good closing, expecting a gap up at 5645 and new High tomorrow
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