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:
Ilango Ji,
i asked this earlier in a different way and prabhat helped a bit.. do you think 6350 CE should be exited now? my price is pretty steep @ 45... would appreciate your comments as my thought process looks to be very biased due to sudden down moves of past 2 days..
Hi SKS,
today i sell @day jnsar 6247. but it is going upside. now am i waiting for SL 6267?
@sks
oh god.... my day jnsar SL hit.
@ilango master ji'
my day jnsar SL hit. what next? shall i wait again for sell?
Nifty in ND Sir's ATR Sell zone now
As per the JNSAR System ...
@GV SL 6267 is also hit at 10:13 hours...
Now u are long Nifty at 6267 with a SL of 6227 on the downside....
Have a great day :));))
@ SBSB
shouldnt the SL be 6247??
@ SBSB
6247+20 = 6267 SAR
6267-20 = 6247 again SAR
While the cat's away the mice will play.
US market close, Indian bulls making highs...
@ SBSB
Can u pl clarify??
@ GV
SAR is stop & reverse system.
So you Short @ 6247 & book loss at 6267.
After that you go Long @ 6267 with SL @ 6247 .
If you had followed the system even though you lost 20 points in your first trade you would have made 35 in the next trade within minutes . So net net 15 points in Intraday.
Don't wait for another short opportunity. Just stay with the system and go Long/Short as per system.
Good morning Ilango sir and all the Blog mates!
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-6282, S1-6226, R1-6318, VWAP-6285
Nifty has been oscillating within the range of 100 points for the last few days, with breakdown below 6215 and breakout above 6354, till then Buy the dips and Sell the rise…
Thanks & Regards
on friday afternoon session saw huge unwinding in 63K and 62K PEs, today huge writing seen in both the strikes. does it mean correction from 6347 over?
Master,
Are 5 waves up, nearing completion from today's low @ 6243 ?
A rounding top on the 15 min NS chart may get confirmed if sustains below 6295 within next 20 minutes. Target 6255 SL 6305 may get triggered then.
@ITFPD,
good trade with a small stop loss. however JNSAR is long and hence not taking the trade
@ GV et al...
20 pt Filter can be kept on the trade value or on JNSAR value ...depends on how u have back tested the system and validated it....
Just stick to the system u have developed.....consistently.....do not change colors....
I use 20 pt filter on the JNSAR value....but pls DO NOT go by my trades coz I have other validated systems and parameters too that I use.....:):):)
Apologize for the delayed reply... am busy on mah broker's terminal....
Hv a great day.....Luv...:):)
thanks friends
hi friends
last time i missed day jnsar trade because of Pongal busy. so overall i have nil position now. what to do?
@ GV
If NS comes to 6267 go long with SAR @ 6247.
SKS
now already nifty is 6287. so how i long @6267?
Just an observation... Nifty is creating a H&S pattern in hourly time frame... left shoulder built at 6288, Head at 6345, now forming right shoulder at approx. 6303-6312 range... neckline break below 6250... top of head to the neck line 100 points... target 6250-100=6150... the trendline support also near 6150... is this view valid master & seniors ???
invalid above 6320....
Dear Ilango sir,
Weak below 6267???
@GV: I would advise patience. Losing out on profit is much better than losing out by loss.
My personal viewpoint (trade by your own wisedom): Next 5 min candle below 6296 NF is shorting opportunity with 6309 (NS) being the SL. In case nifty moves past 6309 (NS) then it may turn into buy with 6294 NF being SL. THe range between them is no trade zone.
Do not force yourself to trade looking at others who have already got into position. If in doubt, refrain from trading. Stock mkts are there for life to make enough money.
New Post Done.
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