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CATCHING THE WOLVE AT POINT 3 - CHETAN |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #31  Posted: Sat Apr 13, 2013 6:16 pm Post subject: |
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| If CNX pharma enters into the channel, naturally there is a chance for Cipla also.So current top will be the point 4 of the currently developing +WW. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #32 Posted: Sun Apr 14, 2013 12:49 am Post subject: |
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Hi,
PNB looks very promising in both weekly and daily chart.....target seems above 800++ lets see how it pans out within 1 month.
Even we can catch the point 4 (chart attached) which can form a - WW later....
So this Looks interesting  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #33 Posted: Mon Apr 15, 2013 2:52 pm Post subject: |
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| chetan83 wrote: | Hi,
PNB looks very promising in both weekly and daily chart.....target seems above 800++ lets see how it pans out within 1 month.
Even we can catch the point 4 (chart attached) which can form a - WW later....
So this Looks interesting |
High of 742>>>. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #34 Posted: Tue Apr 16, 2013 9:53 am Post subject: Re: CATCHING THE WOLVE AT POINT 3 - CHETAN |
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| chetan83 wrote: | Dear Friends,
I am coming up with the probable wolve wave set up which can be caught at point 3, so that we can ride the trade up till 34 EMA or till we get a reversal candle as per candlestick pattern with above average volume.
Criteria of catching a trade at point 3 will be same as what we have now for standard wolve wave set up at point 5, i.e Green candle with above average volume candle for +ww and Red Candle with above average volume candle for -ww. SL will always be the low of point 3 (on candle close based on selected Time frame)
One such example for Monday's trade (15/04/13) is ITC, seems like it will at least touch 300 before this expiry (this is just a prediction). ITC 300 april CE is trading at 2.80 as on friday close.
So please come forward and share such set-up found in any Time Frames.
regards,
Chetan. |
ITC this is called HIT on bulls eye 
300 CE todays high 7.70>> and spot high at 304>> |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #35 Posted: Tue Apr 16, 2013 10:20 am Post subject: Re: CATCHING THE WOLVE AT POINT 3 - CHETAN |
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| chetan83 wrote: | | chetan83 wrote: | Dear Friends,
I am coming up with the probable wolve wave set up which can be caught at point 3, so that we can ride the trade up till 34 EMA or till we get a reversal candle as per candlestick pattern with above average volume.
Criteria of catching a trade at point 3 will be same as what we have now for standard wolve wave set up at point 5, i.e Green candle with above average volume candle for +ww and Red Candle with above average volume candle for -ww. SL will always be the low of point 3 (on candle close based on selected Time frame)
One such example for Monday's trade (15/04/13) is ITC, seems like it will at least touch 300 before this expiry (this is just a prediction). ITC 300 april CE is trading at 2.80 as on friday close.
So please come forward and share such set-up found in any Time Frames.
regards,
Chetan. |
ITC this is called HIT on bulls eye
300 CE todays high 7.70>> and spot high at 304>> |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #36 Posted: Tue Apr 16, 2013 10:23 am Post subject: Re: CATCHING THE WOLVE AT POINT 3 - CHETAN |
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| chetan83 wrote: | ITC this is called HIT on bulls eye
300 CE todays high 7.70>> and spot high at 304>> |
Congrats, Chetan, well done. Share more of your finds with us. Prakash Holla |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #37 Posted: Tue Apr 16, 2013 7:30 pm Post subject: Hi |
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Hi All,
Presenting rhe chart of Titan EOD. The Blue Trendlines indicate the +WW which is still ongoing and the Black Trendlines indicate a move from P4 to P5. Will the +ww support the process of -ww being formed.Lets see
Comments Invited
Vishy |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #38 Posted: Tue Apr 16, 2013 7:54 pm Post subject: |
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vishy, while point 1 of -ww is not so perfect, point 4 is the low of third green candle from right. so if it reverses from about 265 and goes down then -ww (target about 230) will be satisfied and if it goes and remains above about 765, +ww (target about 295) will be satisfied.
But Titan has been weak, so be careful with good SL |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #39 Posted: Tue Apr 16, 2013 8:00 pm Post subject: |
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Ya Vinay,I had compromised a bit with my Point 1.
U mean to say P4 of the -WWW rite. If so, then whats the specific reason to consider that cancle other than vol
vishy
| vinay28 wrote: | vishy, while point 1 of -ww is not so perfect, point 4 is the low of third green candle from right. so if it reverses from about 265 and goes down then -ww (target about 230) will be satisfied and if it goes and remains above about 765, +ww (target about 295) will be satisfied.
But Titan has been weak, so be careful with good SL |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #40 Posted: Tue Apr 16, 2013 9:23 pm Post subject: Re: Hi |
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| vishyvaranasi wrote: | Hi All,
Presenting rhe chart of Titan EOD. The Blue Trendlines indicate the +WW which is still ongoing and the Black Trendlines indicate a move from P4 to P5. Will the +ww support the process of -ww being formed.Lets see
Comments Invited
Vishy |
Hi Vishy,
It seems the mentioned TITAN EOD chart will be worth for trading, based in 60 min TF......where in point 1 will do justice to this - WW.....isn't?
Can you please post the 60 min TF of Titan... |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #41 Posted: Wed Apr 17, 2013 9:03 am Post subject: |
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Chetan
Here is the 60tf chart of titan.
vishy |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #42 Posted: Wed Apr 17, 2013 10:32 am Post subject: |
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| vishyvaranasi wrote: | Ya Vinay,I had compromised a bit with my Point 1.
U mean to say P4 of the -WWW rite. If so, then whats the specific reason to consider that cancle other than vol
vishy |
yes 4 of -ww. rightmost green candle selected by you hasn't proved yet that its low is the pivot to qualify as 4. If it does, it can ALSO become 4. |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #43 Posted: Wed Apr 17, 2013 10:32 am Post subject: |
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| vishyvaranasi wrote: | Chetan
Here is the 60tf chart of titan.
vishy |
How u have traded it from point 4 based upon 60 min TF, and made good profit till 1st target |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #44 Posted: Wed Apr 17, 2013 10:49 am Post subject: |
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Hi Vinay,
The rite most Green candle(P4 of -WW) had a good vol but y still do u feel it hasnt qualified as P4.Can u elaborate pl.
Vishy
| vinay28 wrote: | | vishyvaranasi wrote: | Ya Vinay,I had compromised a bit with my Point 1.
U mean to say P4 of the -WWW rite. If so, then whats the specific reason to consider that cancle other than vol
vishy |
yes 4 of -ww. rightmost green candle selected by you hasn't proved yet that its low is the pivot to qualify as 4. If it does, it can ALSO become 4. |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #45 Posted: Wed Apr 17, 2013 10:53 am Post subject: |
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Hi Chetan,
ya but got down with Rs 5/-.Just the start of this type of trades.Now had just short Indusind bank on the same theory but this is P4 to P5
| chetan83 wrote: | | vishyvaranasi wrote: | Chetan
Here is the 60tf chart of titan.
vishy |
How u have traded it from point 4 based upon 60 min TF, and made good profit till 1st target |
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