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RUNNING WITH THE WOLVES |
latinoholic
White Belt
Joined: 21 Jul 2007
Posts: 6
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Post: #16  Posted: Tue Feb 23, 2010 1:25 pm Post subject: |
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| rajamani wrote: | is this correct WW projection
senior `s kindly give me your views
regards
rajamani |
wrong pattern. it is not wolfe wave
it must closely resembles rising wedge or falling wedge
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #17 Posted: Wed Feb 24, 2010 5:24 pm Post subject: |
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Hi,
You all are getting WW incorrect.
Look for the following
BULLISH WW
1. Trend should be down.
2. The pattern must be also down.
3. Look for symmetry in waves.
4. Channels should be only slightly converging.
5. Point 5 should extend beyond the TL.
6. Target Pt 6 - by joining Pt 1 & Pt 4 must be
in the opposite direction to the trend i.e. UP.
Reverse for the Bearish WW.
SHEKHAR
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MILANCHN
White Belt
Joined: 12 Mar 2009
Posts: 105
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| Post: #18 Posted: Wed Feb 24, 2010 7:09 pm Post subject: |
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SIR HOWS THE TARGET RATE FOUND OUT AFTER POINT 5 IS REACHED
THNKS
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #19 Posted: Fri Feb 26, 2010 3:41 pm Post subject: |
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| MILANCHN wrote: | SIR HOWS THE TARGET RATE FOUND OUT AFTER POINT 5 IS REACHED
THNKS |
Milanchn,
One of the qualities of the WW is that it provides us with the near perfect TGT price. And if you do some advance studies you may arrive at the approximate time by when that price could be achieved. I am not following it though, trying to keep it simple.
Now here it is how we go about it - i.e. approximating the target price.
If you have found the WW and marked point 1,2,3,4 & 5 correctly join point 1 and 4 and extend it as far as possible. This whole line beyond point 4 represent possible tgt price.
In true WW price moves in symmetry and observing the symmetry we can draw a line starting from point 5 toward the extended line 1-4 which is parallel to lines joining point 1-2 and 3-4, the point of confluence is our point 6 i.e. the TGT price.
Depending upon the speed at which price moves, targets could vary, say if it moves slowly tgt could be higher and if it moves fast tgt might be lower.
But I must caution you this is not the right way to go about it but merely a good approximation.
You can refer to various charts posted below.
Hope I have made myself clear.
SHEKHAR
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #20 Posted: Sat Feb 27, 2010 1:31 pm Post subject: |
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Hi,
I am posting below two charts SBIN-1m 20min TF and Tatamotors-1m 15min TF.
I could find the setups at the right time simply because I follow these scrips on intraday basis and there was no use posting them here realtime as nothing could have been gained.
I am posting them now for academic purposes only.
SHEKHAR
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rrsekhar
White Belt
Joined: 21 Feb 2010
Posts: 196
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| Post: #21 Posted: Fri Mar 05, 2010 7:33 pm Post subject: reliance wolfe wave?? |
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dear shekhar, are the wolves attacking?? check this out. regards
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rrsekhar
White Belt
Joined: 21 Feb 2010
Posts: 196
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| Post: #22 Posted: Fri Mar 05, 2010 8:54 pm Post subject: running with the wolves |
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shekhar check this out also. this happened today. i was going through the wolfe wave dot com when i realised that one min charts can be used effectively for highly volatile stocks. regards
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #23 Posted: Mon Mar 08, 2010 10:10 am Post subject: Re: running with the wolves |
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| rrsekhar wrote: | | shekhar check this out also. this happened today. i was going through the wolfe wave dot com when i realised that one min charts can be used effectively for highly volatile stocks. regards |
rrsekhar,
You are right, wolfe wave are effective in all times frames. The only issue is they are difficult to find and on the smaller time frames by the time you spot them they might have achieved their tgts as well.
It is better to focus on EOD charts and at the most hrly.
SHEKHAR
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #24 Posted: Mon Mar 08, 2010 10:19 am Post subject: |
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Hi,
Have been busy of late, will start posting in next few days.
Please check out prajind EOD charts it has regained the lower TL and moving upwards with first TGT at upper TL and if able to break it then TGT as per WW.
Those who were following it must have taken postions by now.
Although this is not a perfect WW, as was indicted in my previous post also.
SHEKHAR
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #25 Posted: Tue Mar 16, 2010 11:25 am Post subject: |
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Hi,
Here is a WW on LT-1m 30 min charts which I could not Identify in time and was carrying short which eventually hit the SL. Will it reverse from here ?
SHEKHAR
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rrsekhar
White Belt
Joined: 21 Feb 2010
Posts: 196
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| Post: #26 Posted: Tue Mar 16, 2010 9:17 pm Post subject: running with the wolves |
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dear all - King target achieved. check this
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rrsekhar
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Joined: 21 Feb 2010
Posts: 196
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #28 Posted: Sat Mar 20, 2010 1:52 pm Post subject: |
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Hi,
Do have a look on the chart - Renuka EOD. Does this one looks like a WW or I am being wishful.
SHEKHAR
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girishhu1
White Belt
Joined: 17 Aug 2009
Posts: 316
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| Post: #29 Posted: Thu Mar 25, 2010 8:43 pm Post subject: WW & NVK ON RENUKA? |
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| WHAT'S YOUR OPENION ON RENUKA NOW, SHEKHARJI; ESPECIALLY WHEN SOMEBODY HAS POINTED THAT NVK SET UP ON DAILY CHARTS ON 24/03/10?
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #30 Posted: Wed Mar 31, 2010 6:34 pm Post subject: NF-1m WW |
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Dear Jimmie,
kindly confirm is it a correct interpretation of WW waves or pt 2 shd be pt 1
Regards,
JJM
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WW_ NF 1M.doc |
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