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...
7 comments:
I have seen 1st time,all the way talks in direction of Main Trend.
Particularly after such a decent gains.
That is the acceptance of " Trend is Your Friend. "
Namaste Ilango Sir & Blogmates,
BULLISH: The Bulls have very much made sure that they will enjoy upper-hand during expiry with a close above 5800, with just 2 sessions to go, it seems all over for the Bears for this series..: Option Analysis for 22-04-2013
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Sanjay Kr Jaiswal
Absolutely great. I am glad that JNSAR followers are still holding onto longs... JNSAR is more than 200 pts away so probably it might not be a bad idea to part book... but that is a personal choice. Part book is still fine.. but not shorts yet. Lets not jump the gun. Like our master has said so many times -Follow and flourish...
This JNSAR trade of 200+ pts have come after a few whipsaws... lets add that note to our notebooks. When I was new here someone had mentioned that more the whipsaws, higher the returns from the next JNSAR trade... the moot point is, to be with the trend. Who would have thought that after crashing below 200dma and into the gap area we would bounce back so violently?
Do not reverse to shorts when Month, Week and Day JNSAR are all below NS. We don't know what can happen tomorrow... good luck friends. And a big thanks to our Ilango sir... you not only taught me to be with the trend... you also taught me how to conquer the ego and see what the number says. Such teachings are priceless.
Weakness may be seen on nifty only in May series.
the general feeling is that the jewelers did not pass on the recent
reduction in gold prices to the common man. matter needs serious
investigation by the concerned authorities.
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