| View previous topic :: View next topic |
| Author |
Elliot Wave study of Nifty |
Raghuvanshi
White Belt
Joined: 24 Jan 2012
Posts: 24
|
Post: #46  Posted: Thu Jun 28, 2012 8:59 am Post subject: |
 |
|
JBB wrote:
"If we assume for a while that wef 5178 ABC is ok, till 5095 . then what label would you adhere on the upward move from 5095 to 5160 ? Do you wish to truncate that ! BEAR ! BEAR ! BEAR ! ha ha ha[/quote]"
Yes !!!
I'm a bear(as of now) and as you are still asking that means you have not visited my blog wherein I have specifically written(mentioned on this forum also) that till 5202 is breached, I see 4800 first.
And yesterday morning I had brought that down to 5172(from 5202).
 |
|
| Back to top |
|
 |
|
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #47 Posted: Thu Jun 28, 2012 7:03 pm Post subject: |
|
|
 Though Nifty travelled as per itinerary but missed the Target.
Now we should prepare for downward journey either immidately or after some more pop up ( not above 5195 ) ( if B has not been completed at 5095)
LOWER LIMIT IS 4955 followed by a 420 or min. 260 or max 680 runs marathon inning to up ward. |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #48 Posted: Thu Jun 28, 2012 7:04 pm Post subject: |
|
|
| Jaibajranbali wrote: | Though Nifty travelled as per itinerary but missed the Target.
Now we should prepare for downward journey either immidately or after some more pop up ( not above 5195 ) ( if B has not been completed at 5095)
LOWER LIMIT IS 4955 followed by a 420 or min. 260 or max 680 runs marathon inning to up ward. |
BOTH PROBABILITIES ARE OPEN :
(1) 5095 the point of B.c1 indicates more down
(2) 5095 the point ,may be of B & start of C, then UP UP UP ( The area of Akhilesh yadav) |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #49 Posted: Sat Jun 30, 2012 9:25 am Post subject: |
|
|
Maiya opted the alternative count. finishing B at 5095 |
|
| Back to top |
|
|
p_wangdu
White Belt
Joined: 30 Apr 2012
Posts: 126
|
| Post: #50 Posted: Sat Jun 30, 2012 9:42 am Post subject: Re: no outlook change on nifty till holds 5046 |
|
|
| p_wangdu wrote: | | Jaibajranbali wrote: | | Jaibajranbali wrote: | | Raghuvanshi wrote: | | While to some,Nifty moves for last 12 trading sessions,may appear as consolidation or accumulation,to me it appears as distribution pattern when the Imulse C of Yb has its last leg as ED thereby extending its stay at top and then the wave Yc2 has again shown a compllex combination of correctives waves and remained within the corrective channel Tuesday to Friday-- |
IMVVHO CHART |
|
no change in outlook of nifty 1st target 5416 second target 5869 spot nifty |
wave 3 proggressing towards 5416 ns and big (3) at 5869 ns i see in near future.... hold your breath and see the chart  posted by me on 23rd june |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #51 Posted: Sat Jun 30, 2012 9:57 am Post subject: Re: no outlook change on nifty till holds 5046 |
|
|
| p_wangdu wrote: | | p_wangdu wrote: | | Jaibajranbali wrote: | | Jaibajranbali wrote: | | Raghuvanshi wrote: | | While to some,Nifty moves for last 12 trading sessions,may appear as consolidation or accumulation,to me it appears as distribution pattern when the Imulse C of Yb has its last leg as ED thereby extending its stay at top and then the wave Yc2 has again shown a compllex combination of correctives waves and remained within the corrective channel Tuesday to Friday-- |
IMVVHO CHART |
|
no change in outlook of nifty 1st target 5416 second target 5869 spot nifty |
wave 3 proggressing towards 5416 ns and big (3) at 5869 ns i see in near future.... hold your breath and see the chart posted by me on 23rd june |
Dear p_wangdu ji, It is always better to have conservative approach, I mean to say ,it is better to see ABC wef 4770 than 1/2/3/4/5 the aggressive one. Though as per ABC too it can reach up to 5670. Rather I would say it is Best to proceed along with wave. Ye Market hai bhaiyya isne achchhe achchhon ko pani pila diya ! |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #52 Posted: Sun Jul 01, 2012 7:56 pm Post subject: |
|
|
NIFTY Maiya ka Chittha ( BALANCE SHEET )
1/A: 4531.15-5629.95=-1098.8 ( 20/12/11 to 22/2/12)
2/B: 5629.95-4770.45=859.5 ( 4/6/12 )
3/A/C: 4770.45- ( As "C" TGT: 5870/5450/6548 )
3.1/A: 4770.45-5189.40=-418.95 (18/6/12)
3.2/B: 5189.40-5041.80=147.6 (21/6/12)
a: 5189.4-5041.80=147.6
b: 5041.80-5194.00=-152.2
c: 5194.00-5094.05=99.95
3.3/C/3.3.1/c.1: 5094.05- [ As "C" TGT: 5513/5453/5772 ]
i: 5094.05-5160=-65.95 (22/6)
Ii: 5160-5125=35 (28/6)(Ghising move)
Iii: 5125- [max: 5405]
(i): 5125-5159=-34
(ii): 5159-5134=25
(iii): 5134-5264=-130
(iv): 5264-5249.10=14.9(????)
(v): 5249.1-5286=-36.9 max(5304)
Iv: xxxx-xxxx [( not more than 106)( Max 5161) ( expected fatafat )
{If turns back before doing 5305 correction shall be not mare than 106 runs}
[/b]
P.S : IF CORRECTION HAPPENS, 99% marks goes to 5250 level. So Kindly very kindly One should not wait for 106 runs correction,& if wants to buy Grasp at 5250 rather at 5255 ( SL: peak-107 runs)) |
|
| Back to top |
|
|
SNG
White Belt
Joined: 21 May 2007
Posts: 13
|
| Post: #53 Posted: Sun Jul 01, 2012 8:47 pm Post subject: |
|
|
How to trade based on the EW theory. Or is anybody trading it? I still remember when nifty was around 5600, in 2007 October Mr.Remeshraja was telling in SB (still in SB archives), the nifty will top out around 6200 and then fall down to 2000 level.
But how to trade these waves? |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #54 Posted: Mon Jul 02, 2012 7:44 am Post subject: |
|
|
| SNG wrote: | How to trade based on the EW theory. Or is anybody trading it? I still remember when nifty was around 5600, in 2007 October Mr.Remeshraja was telling in SB (still in SB archives), the nifty will top out around 6200 and then fall down to 2000 level.
But how to trade these waves? |
ALIKE BOATING !!! |
|
| Back to top |
|
|
sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
|
| Post: #55 Posted: Mon Jul 02, 2012 9:01 am Post subject: |
|
|
| SNG wrote: | How to trade based on the EW theory. Or is anybody trading it? I still remember when nifty was around 5600, in 2007 October Mr.Remeshraja was telling in SB (still in SB archives), the nifty will top out around 6200 and then fall down to 2000 level.
But how to trade these waves? |
if u understand the structure of ew and its count both impulse and correction thn you can trade ew.
as per my understanding if u want to trade ew thn you have to trade the end of corrections which is end of w.2, end of w.4 or end of w.5. there are many complex corrections in which these waves formed and its difficult to trade all the corrective patterns.
the most common pattern i trade is simple ABC correction which are easy to spot and to trade. Some of the complex corrections without knowing the pattern can also be traded if you know where they are ending as per fibo.
spoting corrections and ew's are easy (no simple) if you look for practical ew for trading not for analysis as analysis brings all kind of things in ew which i personally feel very complex to understand.
if you want to learn how to trade them read Rober Miner's work on ew. he talk sense and practical things. and teach exactly how to trade ew's. YOu can even trade end of W.2 which is a pipe dream for many ppl and many ew charting platform.
following are the two excellent books by ROBERT MINER:
Dynamic Trading: Dynamic Concepts in Time, Price & Pattern Analysis With Practical Strategies for Traders & Investors
High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets (Wiley Trading).
I have learnt ew trading form these 2 books.
hope it will help.
regds, |
|
| Back to top |
|
|
kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
|
| Post: #56 Posted: Mon Jul 02, 2012 2:58 pm Post subject: |
|
|
| Jaibajranbali wrote: | NIFTY Maiya ka Chittha ( BALANCE SHEET )
1/A: 4531.15-5629.95=-1098.8 ( 20/12/11 to 22/2/12)
2/B: 5629.95-4770.45=859.5 ( 4/6/12 )
3/A/C: 4770.45- ( As "C" TGT: 5870/5450/6548 )
3.1/A: 4770.45-5189.40=-418.95 (18/6/12)
3.2/B: 5189.40-5041.80=147.6 (21/6/12)
a: 5189.4-5041.80=147.6
b: 5041.80-5194.00=-152.2
c: 5194.00-5094.05=99.95
3.3/C/3.3.1/c.1: 5094.05- [ As "C" TGT: 5513/5453/5772 ]
i: 5094.05-5160=-65.95 (22/6)
Ii: 5160-5125=35 (28/6)(Ghising move)
Iii: 5125- [max: 5405]
(i): 5125-5159=-34
(ii): 5159-5134=25
(iii): 5134-5264=-130
(iv): 5264-5249.10=14.9(????)
(v): 5249.1-5286=-36.9 max(5304)
Iv: xxxx-xxxx [( not more than 106)( Max 5161) ( expected fatafat )
{If turns back before doing 5305 correction shall be not mare than 106 runs}
[/b]
P.S : IF CORRECTION HAPPENS, 99% marks goes to 5250 level. So Kindly very kindly One should not wait for 106 runs correction,& if wants to buy Grasp at 5250 rather at 5255 ( SL: peak-107 runs)) |
Hi
From 5630 - 4770 ... 61.8% = 5302 so is the high done for now or do u still see it doing 5305 before any meaning full correction.
Jayant |
|
| Back to top |
|
|
Jaibajranbali
White Belt
Joined: 18 May 2012
Posts: 27
|
| Post: #57 Posted: Mon Jul 02, 2012 8:22 pm Post subject: |
|
|
| kishjk7551 wrote: | | Jaibajranbali wrote: | NIFTY Maiya ka Chittha ( BALANCE SHEET )
1/A: 4531.15-5629.95=-1098.8 ( 20/12/11 to 22/2/12)
2/B: 5629.95-4770.45=859.5 ( 4/6/12 )
3/A/C: 4770.45- ( As "C" TGT: 5870/5450/6548 )
3.1/A: 4770.45-5189.40=-418.95 (18/6/12)
3.2/B: 5189.40-5041.80=147.6 (21/6/12)
a: 5189.4-5041.80=147.6
b: 5041.80-5194.00=-152.2
c: 5194.00-5094.05=99.95
3.3/C/3.3.1/c.1: 5094.05- [ As "C" TGT: 5513/5453/5772 ]
i: 5094.05-5160=-65.95 (22/6)
Ii: 5160-5125=35 (28/6)(Ghising move)
Iii: 5125- [max: 5405]
(i): 5125-5159=-34
(ii): 5159-5134=25
(iii): 5134-5264=-130
(iv): 5264-5249.10=14.9(????)
(v): 5249.1-5286=-36.9 max(5304)
Iv: xxxx-xxxx [( not more than 106)( Max 5161) ( expected fatafat )
{If turns back before doing 5305 correction shall be not mare than 106 runs}
[/b]
P.S : IF CORRECTION HAPPENS, 99% marks goes to 5250 level. So Kindly very kindly One should not wait for 106 runs correction,& if wants to buy Grasp at 5250 rather at 5255 ( SL: peak-107 runs)) |
Hi
From 5630 - 4770 ... 61.8% = 5302 so is the high done for now or do u still see it doing 5305 before any meaning full correction.
Jayant |
+++++++++++
expecting one more leg up ward of length 65-105 from the point , running ivth ends ! |
|
| Back to top |
|
|
Raghuvanshi
White Belt
Joined: 24 Jan 2012
Posts: 24
|
| Post: #58 Posted: Tue Jul 03, 2012 8:15 pm Post subject: |
|
|
Now this C can be a 5 wave Impulse:
C1=4770-5124=354
C2=5124-5015=109
C3 in play and as an extended wave should do minimum 1.62*C1=574=5590
This C can be a Diagonal also(3x3x3x3x3):
C1(as a 3 wave form):
sw1=4770-5124=354
sw2=5124-5015=109
sw3=5015+354=5370 or minimum 0.62*354=220=5234 (already done)
Which form C is going to take should be known by this week-end.
Which side will it break(in the adjoining chart) remains to be seen
Breaking the upside would mean a 5 wave Impulse as C
Breaking the downside would mean a 3x3x3x3x3 diagonal C |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
