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RUNNING WITH THE WOLVES
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Author RUNNING WITH THE WOLVES
rk_a2003
Black Belt
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Joined: 21 Jan 2010
Posts: 2734
Post: #211   PostPosted: Sun Aug 07, 2011 1:22 pm    Post subject: Reply with quote
As per WW is Nifty headed for higher levels?!

See How efficient and perfect this wave is in forecating day low 5116 of Nifty on 5th August 2011.

This number perfectly sat on trend line1 3 5 .

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Last edited by rk_a2003 on Sun Aug 07, 2011 6:16 pm; edited 1 time in total
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
Post: #212   PostPosted: Sun Aug 07, 2011 3:32 pm    Post subject: Reply with quote
The 1st WW failed. What is going to happen with the second? will it reach target ?! .

But it appears - a partial bounce back is imminent from this or a little low levels.

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s.muthuswamy
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Joined: 15 Jun 2008
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Post: #213   PostPosted: Sun Aug 07, 2011 6:25 pm    Post subject: Running with the wolves Reply with quote
rk_a2003 wrote:
As per WW is Nifty headed for higher levels?!
This number perfectly sat on trend line1 3 5 .

I think the point 5 has not formed yet. NF may fall upto 5040 level and then bounce back. Point 6 in this case may be around 5940-5975 sometime in Sep-Nov
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sumesh_sol
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Joined: 06 Jun 2010
Posts: 2344
Post: #214   PostPosted: Mon Aug 08, 2011 3:46 pm    Post subject: BPCL Reply with quote
BPCL
******
I was watching it today, but did not trade as was not sure of symmetry of 2-3 & 4-5 wave... Secondly , I was also not sure whether it is rising wedge pattern or ww ...

Still, it worked ! Though target as per ww is yet to be obtained...

I noticed at the top there was RSI div., I wonder whether div. can be considered as a filter in ww setup ??

JJM, can u comment please ..? If it is valid ww, then it is worth waiting for retesting UTL for iniating Short...

Regards,
Sumesh

PS: Sorry, I just noticed, it has already met its target ! (I drew wrong target line ..)

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sumesh_sol
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Post: #215   PostPosted: Mon Aug 08, 2011 4:35 pm    Post subject: COALINDIA Reply with quote
COALINDIA
=========

If it can form pt5 and gives valid ww entry , then can be shorted with high of pt5 as SL and tgt. as per 1-4 extension line ..

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sumesh_sol
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Post: #216   PostPosted: Mon Aug 08, 2011 7:46 pm    Post subject: CHAMBLFERT Reply with quote
CHAMBLFERT
===========

Last wave also formed.. It has to be seen whether it was a fake breakout and price again closes within channel.. If it does it should be a clearcut member for short as per WW rules....

RSI Div. can also help in this short trade...

Regards,
Sumesh

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sumesh_sol
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Post: #217   PostPosted: Mon Aug 08, 2011 8:22 pm    Post subject: EKC Reply with quote
EKC (15tf)
=====

Another Short candidate if gives proper entry tomorrow by making pt5 ...

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sumesh_sol
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Joined: 06 Jun 2010
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Post: #218   PostPosted: Tue Aug 09, 2011 3:15 pm    Post subject: INDHOTEL Reply with quote
INDHOTEL
========

Where are the expert guys .??

I sincerely request seniors (jjm/shekarji in particular) to please give your valuable feedback, so that we learners can finetune our setups...

Please see Indhotel on 15 tf... pt5 seems to have obtained with buying interest coming at the bottom...

We can go long with tight SL below 72 for a tgt of 74.2

Regards,
Sumesh

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jjm
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Post: #219   PostPosted: Tue Aug 09, 2011 5:07 pm    Post subject: Reply with quote
Dear Sumesh,

It will not be possible some time to validate pattern during mkt hrs..

When you are aware of the rules of game..why you need confirmation from others..

Have you analyzed your trades?

Even if I or Anybody confirms the pattern and if it fails..then what??

Are you looking for escape goat??

As per the rules all conditions are mate .. you know R:R in this trade..

Do not wait for somebody to give you go ahead..

Just trade ..if not sure about the pattern trade a qty where you can afford the losses...

If pattern fails then find out whether it was right pattern to trade ?? did I consider the correct pt 1?

As far as I know see the charts. pt i hv considered and tl drawn..

I suggested you to find out the main trend in stock you are trading as well as current mkt trend... this stock is down trend..good chances are there that it will give some bounce ...

Regards,

JJM

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sumesh_sol
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Joined: 06 Jun 2010
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Post: #220   PostPosted: Tue Aug 09, 2011 7:02 pm    Post subject: Reply with quote
jjm wrote:
Dear Sumesh,

It will not be possible some time to validate pattern during mkt hrs..

When you are aware of the rules of game..why you need confirmation from others..

Have you analyzed your trades?

Even if I or Anybody confirms the pattern and if it fails..then what??

Are you looking for escape goat??

As per the rules all conditions are mate .. you know R:R in this trade..

Do not wait for somebody to give you go ahead..

Just trade ..if not sure about the pattern trade a qty where you can afford the losses...

If pattern fails then find out whether it was right pattern to trade ?? did I consider the correct pt 1?

As far as I know see the charts. pt i hv considered and tl drawn..

I suggested you to find out the main trend in stock you are trading as well as current mkt trend... this stock is down trend..good chances are there that it will give some bounce ...

Regards,

JJM


Thanks a lot JJM ... Smile

I ask you about this setup as I have traded very few, and everytime I talk to you I get some new perspective .... Moreover, this way I also want my fellow trader brothers to get prepare for an opportunity if it exists in this trade...

But like you said , I will self analyse the success/failure of setups on my own now...

Regards,
Sumesh
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Allwell
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Joined: 24 Jan 2010
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Post: #221   PostPosted: Tue Aug 09, 2011 9:32 pm    Post subject: Reply with quote
Agreed with sumesh's point " Moreover, this way I also want my fellow trader brothers to get prepare for an opportunity if it exists in this trade...". ..... even I request JJM and other gurus too post here if opportunity exit.......

Sumesh....please keep it up
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sumesh_sol
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Joined: 06 Jun 2010
Posts: 2344
Post: #222   PostPosted: Wed Aug 10, 2011 10:13 am    Post subject: IDFC Reply with quote
IDFC (15tf)
=======

Has already made pt5 and a close below channel , so trade entered.. Another close below channel will strengthen the setup.. SL should be above high of pt5, I'm adding ATR of this candle to high to take care of volatility, so my SL is 126.75..

Tgt as can be seen is 118 zone...

Regards,
Sumesh

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sumesh_sol
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Post: #223   PostPosted: Wed Aug 10, 2011 10:23 am    Post subject: BPCL Reply with quote
BPCL.. (15tf)
==========

Made pt5 and gave one green candle close above TL, Trade entered with SL below 678.. Tgt 697..

My only concern is RSI in NOT showing div. with price, which I have noticed to be helping the setups in my past experience.. However, this is only my view..

Another point is , it is in bearish ww on eod, so it is only a pullback kind of thing ..

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chandrujimrc
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Joined: 21 Apr 2009
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Post: #224   PostPosted: Wed Aug 10, 2011 10:35 am    Post subject: running with woolves Reply with quote
Dear friends,

Any idea about nifty as per woolves pattern?



chandru.
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rvg
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Joined: 31 Oct 2006
Posts: 279
Post: #225   PostPosted: Wed Aug 10, 2011 11:36 am    Post subject: IDFC Reply with quote
Sumesh - have attached my view of the chart .. This is for IDFC Futures

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