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MY CHART (AND YOUR TOO.............) |
hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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Post: #1  Posted: Tue Dec 20, 2011 12:55 am Post subject: MY CHART (AND YOUR TOO.............) |
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Hi all,
I would like to post my chart readings under this thread.
I am not a regular scalper...but thought of sharing few points here..
Regads.hasten
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #2 Posted: Tue Dec 20, 2011 1:02 am Post subject: |
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Gold is moving down impulsively, and may have completed wave [iii] of 3 of {3}. We are currently rising in wave [iv], which has been tentatively labelled so till further price action reveals itself. We have quite a few downside targets to achieve, before we see a substantial rally in #Gold. The chart is self explanatory.
Regards. hasten
Technical analysis is a skill that improves with experience and study.always be a student and keep learning
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #3 Posted: Tue Dec 20, 2011 1:24 pm Post subject: Crude |
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Crude completed a #DZZ correction from May 11 high, till Oct 11. So we might have completed the correction in Oct 11, or just wave A of a bigger "irregular flat correction" or "triangle". I prefer the former. And if the correction is over in Oct 11 or not we are going to scale much higher prices, and possibly a new high over the May 11 high. Also I am contemplating an ED in #DI which may bring #DI down to 70 - 71 levels, that will support our bullish view on #Crude.
Regards. hasten
Real traders play a lone hand, they make their own decisions and don’t rely on others to make their trading decisions for them, there is no halfway; either trade for yourself or have someone else trade for you.[/i]
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Last edited by hasten on Thu Jan 26, 2012 7:18 pm; edited 1 time in total |
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #4 Posted: Tue Dec 20, 2011 5:04 pm Post subject: NIFTY |
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ANDREW'S PITECHFORK ON NIFTY today the price retraced from the Median line and reversed again .(that was good entery for shorts near 4625). target will be when the price bars meet the lower middle line.
Regards. hasten
While amateurs go broke by taking large losses,professionals go broke by taking small profits......
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Last edited by hasten on Tue Dec 20, 2011 7:26 pm; edited 1 time in total |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #5 Posted: Tue Dec 20, 2011 6:37 pm Post subject: hi |
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Hasten Ji,
Congratulations and thanks for starting a new knowledgeful thread in interest of TA students. Wish you all the best. Keep posting.
Chirag...
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #6 Posted: Tue Dec 20, 2011 10:31 pm Post subject: NIFTY |
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Nifty is now at CRITICAL support level. Whether we break this levels remains to be seen. But this is the "make or break point", if we break it, it will take a lot of time and effort to mend it. If we make it, well the inevitable will be postponed once more!
Note: This is my personal opinion on nifty , this is not a solicitation to buy or sell.
Regards. hasten
They Say We Move The Markets, I Say I am Just Happy To Follow !!!!!
Market Is The Only Warfield Where You Will Surely Win Only If You Completely Surrender Yourself (to the flow)...
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #7 Posted: Wed Dec 21, 2011 7:51 am Post subject: |
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"Market Is The Only Warfield Where You Will Surely Win Only If You Completely Surrender Yourself (to the flow)..."
Ha..Haa....Good one Hasten!
It seems at least for today your critical support level is not going to be breached. It may take few more days for that to happen.
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #8 Posted: Wed Dec 21, 2011 12:16 pm Post subject: NIFTY |
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Nifty may be forming an expanded flat correction and targets for the {C} of (2) comes around 4535 - 4650 levels. So those playing for BO should be extra careful. But once past this resistance zone Nifty will target much higher prices.
Note: This is my personal opinion on nifty, this is not a solicitation to buy or sell.
Regards. hasten
Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #9 Posted: Wed Dec 21, 2011 1:08 pm Post subject: Re: MY CHART (AND YOUR TOO.............) |
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| hasten wrote: | Hi all,
I would like to post my chart readings under this thread.
I am not a regular scalper...but thought of sharing few points here..
Regads.hasten |
hey hasten. good to c u sharing exp in thread. hope all to benifit greatly from your exp incl me. all the best. regards.
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Vinodz
White Belt
Joined: 13 Aug 2011
Posts: 78
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| Post: #10 Posted: Wed Dec 21, 2011 2:38 pm Post subject: 4650 touched... now where to nf ? |
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hasten ji,
4650 touched... and gone down
now where to nf ?
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #11 Posted: Wed Dec 21, 2011 3:04 pm Post subject: Re: 4650 touched... now where to nf ? |
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| Vinodz wrote: | hasten ji,
4650 touched... and gone down
now where to nf ? |
Nifty future 4704 (currently)
Regards. hasten
A candle does not lose it's shine in lighting another candle.
Do not predict market,let the market dictate you.
Defeat is not final when you fall down. It is final when you can't get up..
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Vinodz
White Belt
Joined: 13 Aug 2011
Posts: 78
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| Post: #12 Posted: Wed Dec 21, 2011 3:27 pm Post subject: nifty 4704, where to now |
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hasten ji,
my query was based on your chart
where you said that the flat channel tgt was 4650 which was achieved.
Thereafter nf reversed down 4620 and then is now 4704
coming back to your chart
what are the high lvls likely to be touched
and at what lvls should one look for a reversal
thanks
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ProTrader
Site Admin
Joined: 06 Jul 2008
Posts: 433
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| Post: #13 Posted: Wed Dec 21, 2011 3:40 pm Post subject: |
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Hasten:
Good & deep analysis. Sirf ek suggestion, charts humare use karo bhai 
Keep rocking 
Regards,
--PT
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #14 Posted: Wed Dec 21, 2011 5:12 pm Post subject: Re: nifty 4704, where to now |
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| Vinodz wrote: | hasten ji,
my query was based on your chart
where you said that the flat channel tgt was 4650 which was achieved.
Thereafter nf reversed down 4620 and then is now 4704
coming back to your chart
what are the high lvls likely to be touched
and at what lvls should one look for a reversal
thanks |
Here we r talking about chart patterns So, now the question is rises ? How long should one wait for the target to be reached? That will be a million dollar question.
It is very difficult to estimate EXACT LEVELS in any chart patterns SYMMETRICAL TRIANGLES,HEAD AND SHOULDERS,ASCENDING TRIANGLES , DESCENDING TRIANGLES.CUP WITH HANDLE or in any patterns.
Thats why i said resistance AROUND 4650 ,and nifty fail to brake in first attempt @ 1.30pm ,and slip from 4560,so revers point was above 4660 (1.30 pm's high).and if u r asking me to reverse for short the number was 4612(today i took 2 trades both was long with sl of 4612) .
Regards. hasten
You Cannot Change The Direction of the Wind......But You CAN Adjust Your Sail.[/i] [i]
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hasten
White Belt
Joined: 30 Jun 2011
Posts: 216
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| Post: #15 Posted: Wed Dec 21, 2011 11:01 pm Post subject: NIFTY |
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Note: This is my personal opinion on nifty, this is not a solicitation to buy or sell.
Regards. hasten
Price is the ultimate indicator. Everything else is secondary.
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