iCharts Discussions

[suresh12313]

nifty doji formation on daily chart

[suresh12313]

success rate:average

[suresh12313]

friends you know if you master formation on intraday scale and one day make it equivalent to month and make month a year.
and keep on reducing to hour! it is billion if more i comment it will be not wise just see and you react + & - does not matter see tomorrow...

[suresh12313]

WOLF WAVES
WOLF WAVES
waves belong to swing trading methods. It was developed by Bill Wolfe., it is a naturally
occurring trading pattern present in all financial markets. The pattern is composed of five waves
showing supply and demand and a fight towards an equilibrium price. These patterns can
develop over short- and long-term time frames such as minutes or weeks and are used to
predict where a price is heading and when it will get there.

Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
There is regular time between all waves
Wave 5 exceeds trendline created by waves 1 and 3 and is the entry point
OR
point 2 is a top.
- point 1 is the bottom prior to point 2.
- point 3 is the bottom after point 2, point 3 must be lower than point 1.
- point 4 is the top of the rally after point 3. Point 4 must be higher than point 1.

At this stage a trend line is drawn connecting point 1 and 3. An extension of this trend line will project the reversal which will come at point 5.

Point 5 will most likely exceed the trend line drawn from 1 to 3. Point 5 is the entry point with a target at EPA (Estimated Price at Arrival) line.


EPA line (the green line on the illustration) drawn from point 1 to 4 and is extended into the future.

Stops with Wolfe waves
The Stop is placed behind point 5.
If to draw a line from point 2 to point 4, then once price reaches that line, we can move the stop loss to break even level.

[suresh12313]

see how divergence works

[suresh12313]

rsi formation

[suresh12313]

two types of ww

[rrk2006hyd]

[suresh12313]

price line nf 30 min chart

[suresh12313]

just see

[suresh12313]

great! read post of 13/11/13 13.05 hrs nifty-f will reach 6100 mark it has reached

[suresh12313]

bulls sitting are just pulling on rather dragging..............

[suresh12313]

typical fall formation nifty-f

[suresh12313]

summary of the day
cummulative points 166+124= 290 points
13/11-13.37HRS nr 5989 on 14/11 11.12 hrs 6100 profit 111 points

14/11 - 11.12 hrs nf 6100 14.14 hrs 6045 profit 55 points

net profit 166 points

[suresh12313]

by all probability black candle will emerge but next trading market condition may have different set up. how does it matter for intraday trader b'cause it is immune to legacy system of trading.whether it is going to reach 6800 or 4500 it simply dot not matter trade trade many many times and earn as much profit only master day formation signals i took almost a year you may take lesser.
though i have also started postings of legacy traits is only fillers.