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RUNNING WITH THE WOLVES |
jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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Post: #286  Posted: Fri Aug 19, 2011 6:57 pm Post subject: |
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| rk_a2003 wrote: | | jjm wrote: | Dear All
JJM |
JJM!
I am not able to get your message from this chart, sorry! could you please add your comments.
Thanks! |
Rk : Hi!
I have drawn pts as per ww patterns...
And there are total three patterns of WW at diff levels
If we consider all of them as valid...the tl joining pt 2 and 4 is tgts..
Are you aware of WW patterns and how to trade based on these..
It seams you are not aware..pls read the forum understand the concept of WW..if it suits you then observe , study and take your trades
Regards,
JJM
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #287 Posted: Fri Aug 19, 2011 7:17 pm Post subject: |
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Dear all
Just saw this one
Regards,
JJM
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #288 Posted: Fri Aug 19, 2011 9:26 pm Post subject: |
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Today's NF 30min showing bullish WW formation as shown in chart.
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #289 Posted: Sat Aug 20, 2011 9:08 am Post subject: |
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| vinst wrote: | | Today's NF 30min showing bullish WW formation as shown in chart. |
hi vinst. nice spot. although i'm yet lerning; as far as i know, increasing vol is bit concerning as it should decrease from pt 5 to pt 6. rest symmatricality is alright between pt 1-3 & pt 2-4. distance between pt 3-5, not sure. tg 4920 on close above upper TL if it's valid WW. experienced ones may throw some light on this. keep good work on. it's series of failed attempts that finally drives to mastery & success. all the best & happy trading. regards.
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #291 Posted: Mon Aug 22, 2011 6:48 pm Post subject: Running with the wolves |
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Hi jjm,
If nifty again enter into channel is it valid setup as per EOD.
chandru.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #292 Posted: Mon Aug 22, 2011 7:05 pm Post subject: Re: Running with the wolves |
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| chandrujimrc wrote: | Hi jjm,
If nifty again enter into channel is it valid setup as per EOD.
chandru. |
Hi chandru,
point 4 seems to be composed of two tops? is it ok? I myself do not know.
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #293 Posted: Mon Aug 22, 2011 9:04 pm Post subject: Re: Running with the wolves |
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| vinst wrote: | | chandrujimrc wrote: | Hi jjm,
If nifty again enter into channel is it valid setup as per EOD.
chandru. |
Hi chandru,
point 4 seems to be composed of two tops? is it ok? I myself do not know. |
hi chandru. pt 2 also 2 top. although i'm also not sure is it valid or not. let's c. regards
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #294 Posted: Mon Aug 22, 2011 9:24 pm Post subject: Re: Running with the wolves |
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| peace69 wrote: | | vinst wrote: | | chandrujimrc wrote: | Hi jjm,
If nifty again enter into channel is it valid setup as per EOD.
chandru. |
Hi chandru,
point 4 seems to be composed of two tops? is it ok? I myself do not know. |
hi chandru. pt 2 also 2 top. although i'm also not sure is it valid or not. let's c. regards |
I have redrawn the WW with thick red lines. As per that, NF is still still outside the falling wedge (mild slopes) and Ww has not triggered.
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #295 Posted: Mon Aug 22, 2011 9:50 pm Post subject: Running with the wolves |
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Hi vinst/peace69,
Thanks for your response.Let us see market"s response.
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #296 Posted: Tue Aug 23, 2011 10:30 am Post subject: BHARTIARTL |
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BHARTIARTL..15tf
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Bearish ww on 15tf
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #297 Posted: Wed Aug 24, 2011 10:38 am Post subject: UCOBANK |
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UCOBANK .. 15tf..
******************
Looks like bearish WW..
Tight SL above high is required..
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #298 Posted: Wed Aug 24, 2011 12:37 pm Post subject: Running with woolves |
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Dear Friends,
Is it valid set up? Canbk-EOD.
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #299 Posted: Wed Aug 24, 2011 3:50 pm Post subject: Re: UCOBANK |
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| sumesh_sol wrote: | UCOBANK .. 15tf..
******************
Looks like bearish WW..
Tight SL above high is required.. |
Today was the day for wolfe waves followers....
all on 15tf
UCO hit target... (I traded) 
IDFC hit target..
Ster did reasonably well....
Let's hope we continue our success journey...
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #300 Posted: Wed Aug 24, 2011 4:46 pm Post subject: Re: Running with woolves |
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| chandrujimrc wrote: | Dear Friends,
Is it valid set up? Canbk-EOD.
chandru. |
Hi Chandru,
As per me the chart u r showing is not a valid ww, as for point 3 , u r considering low of a big shadow candle.. Normally we should try to find pattern showing almost full candles movings along the points 1-5.... Please understand ww works on the principle of the basis of demand/supply, and our chart must establishes it correctly by full moves..
In fact, I would also like to suggest you few more thing w.r.t ww :
1.) While it is good to understand bigger picture , the result of such big time frame will also get equally big amount of time and we must have holding capacity for them. We should actually pick smaller timeframes (60tf/15tf) for quick result. In fact, u will observe there are many swings withing bigger swings, and we can use them to our advantages..just switch to smaller time frame..
2.) I have observed if the angle is very sharp (on upper side in case of bearish setup and on lower side in case of bullish setup), then chances are that price may actually follow trend and do not reverse (which we want in ww), so pickup those setups which have resonable amount of up/down angles ..
3.) Avoid scrips with less liquidity as they will have lots of Shadows/tails which can give illusion of non-existing ww setups.
4.)Though not a rule, but I have found setups with price/rsi divergence to have higher chances of success...
Try them, and u may find them useful...
Regards,
Sumesh
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