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RUNNING WITH THE WOLVES |
Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #226 Posted: Wed Aug 10, 2011 2:53 pm Post subject: |
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Anybody trading this WW?
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #227 Posted: Wed Aug 10, 2011 3:11 pm Post subject: JSWSTEEL |
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JSWSTEEL..60tf
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Excellent Risk /Reward ratio trade...
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girishhu1 White Belt
Joined: 17 Aug 2009 Posts: 316
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Post: #228 Posted: Wed Aug 10, 2011 3:22 pm Post subject: Re: IDFC |
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rvgandhi wrote: | Sumesh - have attached my view of the chart .. This is for IDFC Futures |
hi rvg,
nice chart. there are more than 5 points on chart so what is the target and when is the entry
regards
girish
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sumesh_sol Brown Belt
Joined: 06 Jun 2010 Posts: 2344
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Post: #229 Posted: Wed Aug 10, 2011 3:30 pm Post subject: Re: BPCL |
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sumesh_sol wrote: | BPCL.. (15tf)
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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 .. |
BPCL.. Tgt achieved
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iamAnna White Belt
Joined: 28 Jul 2011 Posts: 18
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Post: #230 Posted: Wed Aug 10, 2011 4:17 pm Post subject: Re: BPCL |
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sumesh_sol wrote: | sumesh_sol wrote: | 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 .. |
BPCL.. Tgt achieved | Quote: | sumesh bhai...... simply great in bpcl...... also like u said it reversed from 697........ really nice work bhai........... |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #231 Posted: Wed Aug 10, 2011 4:50 pm Post subject: Re: JSWSTEEL |
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sumesh_sol wrote: | JSWSTEEL..60tf
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Excellent Risk /Reward ratio trade... |
Sumesh!
Congratulations for BPCL sucess.
Regarding JSW chart . Will it qualify for ww?
It might be qualified for triple bottom formation . Still ,as you said it's an excellent risk / reward ratio trade.
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jjm White Belt
Joined: 17 Mar 2010 Posts: 411
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Post: #232 Posted: Wed Aug 10, 2011 5:18 pm Post subject: |
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Dear Chirag,
Today's 5 tf trade based on WW
Regards,
JJM
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GHAISAS White Belt
Joined: 01 Feb 2010 Posts: 349
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Post: #233 Posted: Wed Aug 10, 2011 5:53 pm Post subject: |
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jjm, great ! However, it is only after happening that I get to see the pattern - i.e. after your showing it. Your explaining it for many times - yet I cannot figure it out in advance. What is the solution? Practice? Your suggestion welcome.
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jjm White Belt
Joined: 17 Mar 2010 Posts: 411
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Post: #234 Posted: Wed Aug 10, 2011 6:12 pm Post subject: |
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Dear All
It is too early still keep watch on these..Nf I am not sure about pt 1..
Pls do not trade blindly.. even if we get a close on eod above tl ..hv strict sl..
set up is eod basis.. Sl based on eod basis will not be a good idea in present mkt situation..
Regards,
JJM
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #235 Posted: Wed Aug 10, 2011 6:27 pm Post subject: |
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jjm wrote: | Dear Chirag,
Today's 5 tf trade based on WW
Regards,
JJM |
JJM!
This pattern is visible on 5 tf. how do we know on which time frame it should be viewed. Is it trial and error basis?.
Have you booked profit ?at what point ? The risk reward ratio is really favorable in ww trades.
Today I also followed nifty, some times on 5 tf also but I really missed it.
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iamAnna White Belt
Joined: 28 Jul 2011 Posts: 18
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Post: #236 Posted: Wed Aug 10, 2011 7:00 pm Post subject: |
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rk_a2003 wrote: | jjm wrote: | Dear Chirag,
Today's 5 tf trade based on WW
Regards,
JJM |
JJM!
This pattern is visible on 5 tf. how do we know on which time frame it should be viewed. Is it trial and error basis?.
Have you booked profit ?at what point ? The risk reward ratio is really favorable in ww trades.
Today I also followed nifty, some times on 5 tf also but I really missed it. | keep good work
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debnathnilanjan White Belt
Joined: 30 Jan 2010 Posts: 12
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Post: #237 Posted: Wed Aug 10, 2011 11:08 pm Post subject: |
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jjm wrote: | Dear All
It is too early still keep watch on these..Nf I am not sure about pt 1..
Pls do not trade blindly.. even if we get a close on eod above tl ..hv strict sl..
set up is eod basis.. Sl based on eod basis will not be a good idea in present mkt situation..
Regards,
JJM |
As far as the NIFTY chart is concerned the point which ur taking as 3 was point 5 of WW whose target has already been met @ 5770 levels..
Regards...
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jjm White Belt
Joined: 17 Mar 2010 Posts: 411
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Post: #238 Posted: Fri Aug 12, 2011 9:15 am Post subject: |
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Hasten,
JJM
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #239 Posted: Fri Aug 12, 2011 10:12 am Post subject: |
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bharti down today but put option loses price compared to yesterday.
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k_jeyaraman White Belt
Joined: 22 Mar 2007 Posts: 16
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Post: #240 Posted: Fri Aug 12, 2011 1:32 pm Post subject: volume |
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In Many of the charts discussed on wolfe wave, Volume is not considered ( or not shown). Volume increase on point no 5 is the most important factor to validate wolfe wave.. isnt it?
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