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RUNNING WITH THE WOLVES |
peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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Post: #301  Posted: Wed Aug 24, 2011 6:19 pm Post subject: Re: Running with woolves |
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| sumesh_sol wrote: | | 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 |
Hi Sumesh. nice expaination. regarding div on RSI, how to add that too if any with ww in the post? regards
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GHAISAS
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Joined: 01 Feb 2010
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| Post: #302 Posted: Wed Aug 24, 2011 7:27 pm Post subject: |
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| peace69, thanks for pointing out the action of RSI - if sumesh_sol or any Guru can throw light. Any info on RSI diversion?
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peace69
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Joined: 27 Aug 2009
Posts: 113
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| Post: #303 Posted: Wed Aug 24, 2011 7:29 pm Post subject: |
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| GHAISAS wrote: | | peace69, thanks for pointing out the action of RSI - if sumesh_sol or any Guru can throw light. Any info on RSI diversion? |
hi ghaisas. go thru NVK Set Up thread in forum for in detail idea about NVK. regards.
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #304 Posted: Wed Aug 24, 2011 7:45 pm Post subject: WW |
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| sumesh_sol, peace69, in addition to RSI parameters, can you throw light on particular Banking sector which follow Banknifty - do Banking stocks also follow WW pattern ?(even if Bnf is moving otherwise?)
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sumesh_sol
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Joined: 06 Jun 2010
Posts: 2344
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| Post: #305 Posted: Wed Aug 24, 2011 8:08 pm Post subject: Re: WW |
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| GHAISAS wrote: | | sumesh_sol, peace69, in addition to RSI parameters, can you throw light on particular Banking sector which follow Banknifty - do Banking stocks also follow WW pattern ?(even if Bnf is moving otherwise?) |
Dear friend,
Generally RSI values moves along with price... However, when price makes lower low and rsi indiactor moves up OR when price make higher high and RSI moves low, we have RSI divergence !
Now regarding which stock follow WW.....As such each and every stock moves because of supply/demand gap (which could be because of thousands of reasons we can think of !)... So, yes banking stocks also exhibit wave nature, however, like I said we must consider stocks having more trading volumes.. For ex. SBI, Yesbank, ICICIbank etc.. You can easily see judge it just by looking at past 1-2 years data...
Talking of bank stocks, one very good instrument is banknifty which has lot of liquidity like Nifty & Mininifty.. You should have these three in your daily scanning list (along with other stocks, which u have shortlisted for scanning and trading..)..
Regards,
Sumesh
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #306 Posted: Wed Aug 24, 2011 8:38 pm Post subject: Running with the wolves |
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Dear Friend Sumesh,
Thanks for your valuable gujdance....
Chandru.
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GHAISAS
White Belt
Joined: 01 Feb 2010
Posts: 349
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| Post: #307 Posted: Thu Aug 25, 2011 7:00 am Post subject: sumesh_sol & peace69, |
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| sumesh_sol, Thanks for the guidance. peace69, thanks for NVK - the deep ocean - i seriously try to fathom. Thanks Gentlemen!
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #308 Posted: Thu Aug 25, 2011 11:04 am Post subject: HDFCBANK |
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HDFCBANK..15tf
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Taking Long ..
Strict SL below Low..
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38 KB |
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334 Time(s) |
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sumesh_sol
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Posts: 2344
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| Post: #309 Posted: Thu Aug 25, 2011 12:14 pm Post subject: NIFTY-2M |
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NIFTY-2M
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37.51 KB |
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369 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #310 Posted: Thu Aug 25, 2011 1:08 pm Post subject: TATAMOTORS |
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TATAMOTORS..5tf..
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Suggested by JJM bhai...
I have drawn two target rays from 1-4 as pt4 candle is big.. so one from middle and one from low... let's see..
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338 Time(s) |
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sumesh_sol
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Joined: 06 Jun 2010
Posts: 2344
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| Post: #311 Posted: Thu Aug 25, 2011 8:40 pm Post subject: VIJAYABANK |
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VIJAYABANK..EOD
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This is EOD chart, hence time frame is equally high... It may take about 1 month to achieve the target. Here, I hope both target & SL are clear...
Regards,
Sumesh
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335 Time(s) |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #312 Posted: Thu Aug 25, 2011 8:49 pm Post subject: |
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Sumesh!
You posted Hindalco EOD chart ,Though it also has ww formation. 
RK
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rajshreed
White Belt
Joined: 25 Dec 2010
Posts: 8
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| Post: #313 Posted: Thu Aug 25, 2011 9:49 pm Post subject: LnT Chart |
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Hello everyone!
While studying this new technique as per the rules posted, i recently came across this chart of Larsen & Tubro. But i m not sure if the pattern charted out satisfies the "WW rules", could some one verify it...
Thanks & Regards
Rajshree
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Download |
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Larsen & Tubro.pdf |
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51.66 KB |
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313 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #314 Posted: Fri Aug 26, 2011 11:15 am Post subject: TATAMOTORS |
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TATAMOTORS ..15tf..
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Tgt1-712, Tgt2-703
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341 Time(s) |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #315 Posted: Fri Aug 26, 2011 1:02 pm Post subject: |
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Sumesh Congrats!
Your first target on tata motors reached and 2nd target almost reached.
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