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:
Sir,
No words for you...
But I am sure I will listen the clap of one hand on this path..
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Not yet good on intra-day and will see if ORB breaks.
Gap is enough to hold and follow the trend. Greed is not our friend.
Reposting:
Namaste Sir,
Wishing You a Speedy Recovery. Sir, please TAKE CARE. Happy RakshaBandhan :)
Happy RakshaBandhan to all Blogmates :)
CLICK HERE NIFTY MONTH Chart
CLICK HERE NIFTY WOLFE WAVE WEEK CHART
CLICK HERE NIFTY WEEK CHART
can anybody tell me about tata motors.
Respected Sir,
Kindly take due rest & be comfortable!
Wishing fast recovery and a Very Happy RakhaBadhan
Best Regards.
Ilangoji,
Please take rest. Wishing you to get well soon.
Wishing You a Speedy Recovery Sir.
Now an intraday fast fall setup in 2 minutes charts :
21-55 EMAs around 5358/60.
Let's see if it works ?
@Shriram : you mentioned a large -WW yesterday. Where are we on that ? Any Expected time/price targets?
dear anand hv u tried labling of waves in 2min chart yaar koshish kar raha tha er mixup ho jata hae it seems to me very interesting subject yaar
NS....5415 to 5307 = 108 * 61.8% = 66 = 5373..hits 5372.6...almost done
NS....5415 to 5307 = 108 * 80% =86 = 5393.........
Namaste Ilango Sir & JN Family
Happy RakhshaBhadhan to Sujatha, Yoda Mam, Jay Mam & all sisters of JN Family
NS.....5349 to 5307 = 42 * 80% =34 =5341
NS.....5349 to 5307 = 42 * 161.8% =68 =5375
S1 5350...PP 5425....MID POINT 5388
Good morning Ilango Sir,
Wishing You a Speedy Recovery
Any subject is good to learn with a good teacher.
But we need to be good students first. ;-)
Will take time for EW labelling.. few years may be for intra/small t/f.
Till then, lets focus on large t/f and Master's labels.
Still, let us watch the charts and see how 5waves and correctives happen in real time !
dear anand u r correct thanks for guidence
can anyone share a good company with less brokerage .
1100 hrs update :
Hourly OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
20/08/2013 10:00:00 5,353.45 5,353.00 5,306.00 5,349.00 5,405 5,366 5,435 5,363
20/08/2013 11:00:00 5,347.40 5,376.60 5,341.05 5,371.75 5,395 5,358 5,423 5,336
Day OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
20-Aug-13 5,353.45 5,376.60 5,306.00 5,371.75 5,549 5,436 5,566.9 5351
Banks have recovered smartly. Any view on BN?
BN at neutral , recovered 230 points loss.
Posted the blog sheet on JN Group also, in case numbers are not very clear here :
Trying again :
Hourly OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
1,000 5,353 5,353 5,306 5,349 5,405 5,366 5,435 5,363
1,100 5,347 5,377 5,341 5,372 5,395 5,358 5,423 5,336
Day OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
20-Aug-13 5,353 5,377 5,306 5,372 5,549 5,436 5,567 5,351
respected shreeram sir how much should b the retracement target of this wave
So on 2 minutes, we can see 5-waves with a flag on 5376-5362 levels (4th flat, 2nd was ZZ from lows)?
When this 5 ends, Sell on rise will push it lower?
within the day frame 2nd wave suggested by master, we might see it oscillate between 5306 (low) and 5400 (high) ?
Someone wishes to contribute on 2-minute EW labels?
@ting tang
ZERODHA
IF U INTERESTED IN OPENING TRADING A/C THEN PL MENTION INTRODUCER NAME AS JOHN R D
dear anand thanks for ur guidence of 2min chart
dear anand i m a blind man in sharemarket hardly know anything but wishes to know everything by learning under the guidence of seniors
@ llango,
Any possibility that this is yet B of the ii wave and a C up left after which the 3rd could commence?
5479 - VAH
5440 - POC
5401 - VAL
for Nifty future. Means sustaining above 5401 will lead to 5440 - T1 / 5479 - T2.
5412 (spot) important resistance (5754-5306 23.6%)
ting tang
I have more than 1 Demat accounts.
A tpresent the BEST Is
KARVY
Reason
They have a scheme in which You pay a deposit in advance towards your brokerage commission. This amount is partially credited back to your trading account every month.
It works like this
If your account shows that your commission spent is Rs.1000 for this month you get back 1000 into your trading account inthe first week of next month on 2 conditions
1. Valid for limited period only.You must exhaust Your limit within that period.
2.No Refund for balance left unused.
3. Tariff is also less as amount is paid in advance to Karvy.
SECOND Offer
Permanent
RK Global
(9 rupees per lot Buying+ 9 rupees for selling+ Software charges around 380 per month)Very Economical for an Intra day trader.If You are a full time trader.
Ravi
--> back
-WW tgts done today morn.
@ Dharmu:
Now suspect retrace on to 5755-5308
0% (b) 5,755
23.6% 5,649.508
38.2% 5,584.246
50% 5,531.5
61.8% 5,478.754
76.4% 5,413.492
100% (a) 5,308
53PE OI has stabilized & new OI has added @ 54PE strike too..
Cu all later, good day
I hate when "A" is 3-wave correction. Although it's too early to say. BN is more clear than NS.
Brokerage wise zerodha is good. It charges flat 20rs per future/option trade order each leg (irrespective of number of lots).
For e.g you placed buy order of Nf for 10 lots and it got traded in 2 trades, say 4&6. Still you will be charged 20 Rs as brokerage. Due to this you will low break even points.
Secondly, they have associate program. Under this, if you refer anyone to zerodha, then you will get 10% of the total brokerage generated by him/her.
Ravi pillai - The broakerage iis per lot or any no of lots like zerodha- viz one lot Rs.9/- and also placing 5 lots in one order also Rs.9/- Pl clarify
1200 Hrs file/sheet uploaded on JN Group.
1200 Hrs update :
Hourly OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
1000 5,353 5,353 5,306 5,349 5,405 5,366 5,435 5,363
1100 5,347 5,377 5,341 5,372 5,395 5,358 5,423 5,336
1200 5,373 5,411 5,365 5,409 5,401 5,360 5,421 5,395
Day OPEN HIGH LOW CLOSE 5-Hi-Ema 5-Low-Ema J10SAR Pivot
20-Aug-13 5,353 5,411 5,306 5,409 5,560 5,436 5,574 5,375
Pin Bar@1hr - Candle's Low should be broken for safe entry - Aggressive entry can be done - Stop with DH+3pts Filter.
@JRJ,
Is there any google charts like site where we can get hourly candles?
@ anand
try zignals.com or investing.com
Ok, time to update the intra EW count
So, looks a simple 5wave done.. prolly A ?
If so, following route is possible for a ZZ
a 5308 5411 103
b 5411 5360 -52 -50.0% *in play
c 5360 5463 103 100.0%
I trade in zerodha and its per order (20INR), how many lots you key its upto you. And oboviously NSE charges etc in addition to that.
Its good.
New Post Done.
Shriram, the percentage would be the other way round.
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