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...
40 comments:
Dear Ilango Sir
JNSar triggered should we create short with sl of 20 points. I am new to JNSAR trading thats why asking...
@Ilango
While JNSAR short is triggered and touched below negation point of 5877, would it be prudent to consider a trade based on EOD price below or above JNSAR as the case maybe??????
@ abhinav,
Have you read all about JNSAR trading?
What is your understanding of it?
Have you traded before based on JNSAR number?
@Abhinav,
Yes
Master can we do the count from 5915 - 5874 to go long above 80% or a close below JNsar EOD....???
Master,
In intraday nifty formed Lower High & lower Low Any significance?
Dear Sir,
Once again I will go through it then only be in condition to ask you.
I think you became angry from my question...
I am sorry if it happened....
@ abhinav,
For the simplest "SAR" trading, the reading materials available is good enough to take trades based on understanding them.
However, if you needed a prodding from my side, it would only mean you have no belief in it and any comment from my side would amount to "giving calls".
I prefer to share my observations based on TA/EW and readers should be able to take their decisions on their own and become "independent" over a period of time and be on their own.
Sure sir i will follow your instructions.
First I will learn JNSAR trading if any query i will ask you..
Thanks a lot
@S4S
5875 broken,JNSar short trigger.
wow
Ilango Sir, can this down move from 5925 to 5874 can be taken as the "iind" wave(80%) of the "v"th of the 5th wave,"i"st being from 5865 and now the impulse "iii"rd from 5874 provided 5874 is not breached?
@abhinav
keep confidence in this simple system.
master is coolest person here, not a question of being angry on you. believe me, i know it require very much mental power to trade the plan, it gives good rewards.
you can try option trading if required. limited loss...
thanks.
@ Abhinav,
OK after sir has said his bit let me just add from my experience, JNSAR trade after a big trade is generally whipsawed, JNSAR trade when JNSAR is very close to DLEMA is also dangerous. If this is of any help I will only add that we should trade this situation with smaller lots and adequate precautionary measures.
shriramji @ maths professor - before i digest nd understand ur 1st Q u r asking 2nd..before i read the 2nd , ur 3rd... aaaaaaaaaa "mudiyala sirji" kindly let me know how ur people managing u @ home & office .. :) :D
bye
PS : just for fun
Last fall is from 5915 to 5874=41 points.
61.8% @ 5899
80.0% @ 5907.
If it surpasses these levels, it could move past 5925 while continuing to maintain the corrective nature. Only a move past 5945 would mean reversal.
@Master(Ilango jee),
Me too newbie--Still reading & revising continuously al the files u sent.
As per me u hav written..
Once the JNSAR is triggered we hav to follow it strictly with 20pints SL...give chance it to braethe.Today it is done at 5878 & agn breached the level, but we hav to ignore as it's done.
So we hav to carry these two short lots at least upto tommorows JNSAR(Or 1st lot to book @ 100points around 5778 & 2nd lot upto to the new JNSAR is meeted)
Strictly we hav to follow the JNSAR rule -no emotions-no count on winning/loosing?
Is my understanding correct Sir.
Plz reply me Sir.
Eagerly waiting for yur reply on my undrstndng.
TODAYT NIFTY HAS NOT BREACHED DHEMA
today indise day , trading range is with in yesterday high and low, and yesterday we had Outside bar, looks like something big is cooking on downside
Last fall is from 5915 to 5874=41 points.
61.8% @ 5899
80.0% @ 5907.
Master this 41 pt fall take 1hr Is we should consider time factor i.e. nifty should rise within today closing at least 5899 & close above to maintain rquired upmove towards 5945?
@ sujay,
You have read only the initial write up. there have been more written which may be found in the labels section.
However, you have understood it well. The 20 points is for the intraday managing. And there will be filter for the next two days. All these till it is not reversed.
now premium eating time , haha
Money control---October IIP at 8.2% v/s 4.5% as expected by the polls. RBI rate cut hope fades.
@Master,
Thanks for prompt n kind yur reply Sir.
Again & agn me reading al those files
JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
Pivot points for trading
Trending & Sideways market Trading
Trend following & Tech. Table reading..
Trend following - the most basic of all.
Reading Oscillators.
Revising all them agn & agn...mutely keep following the whole blog evryday to read yur comments.M aware still i hav to prepare more.
Jst a bit confused on th count of EW waves, but me refreshing al yur write-up agn & agn.
Sir , one query @ TT update--that--we hav to enter value manually or Online it'll get updated automatically if we allow in the xl file giving link?(Sorry for my ignorance & hope i havn't troubled u askin this qstn)
Thanks once agn Master.
Game between Today's JNSAR and Tommorow's JNSAR
@Master,
Sir before replying above query, one more qstn, hope u won't mind-For RT Charting purpose, whch one i shud go?
Sorry if m trblng u more,but being u my Master feel to ask each n evry small thing to u.
Thanks Sir.
Master,
JNSAR today is 5878 &DLEMA is 5870 both very close so 5870 should be considered as JNSAR?
Huge premium on BN - cost of carry 20.46% just second week into series. Something cooking?
@ sujay ,
I have been updating these files for the past many years "manually" only. Doing manually has its own benefits. I feel the prices.
RT charting - I monitor only the "google 2 min candle chart". You choose yours.
Illango Sir,
if today we close below 5 ema, with RSI 9/14 giving c/o, can it be considered as a confirmation that high for the uptrend is done for the time being.
@Master,
Thanks agn for yur kind reply.I'll too update it manually.
One thing sir i cudn't grasp the lebel on yur chart update.
Nifty Hour & 35 Hr D:21 & 34Hr Sma.
In this 21 & 34 are Hours SMA, i got it.
But wht's Nifty Hr & 35 Hr D?
Sorry for askin too much.
I hope u forgive me.
Thanks.
many many thanks dear sir and bye
1st close < 5DEMA after 2 weeks...
mmmmmm
KST trigar to sell On Daily
may close below 5887, tomorrow jnsar
clsg avg 5888.32
phir billi diwar pe chad gayi!!!
Sir thank you for a wonderful day of training.
Bye for now all blogmates.
@NP
today nifty, banknifty, LT given very early sell signal.
thanks.
carrying shorts
closing around 5887.87......arrrrrr
@anmpatelji,
See Infy, and Tcs, Tatamotors
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