iCharts Discussions

[rk_a2003]

Arjun!

As per theory it's ok even converging is not there.WW is acceptable even on parallel lines(but , as you said here the trendlines are diverging , Let us refer what the standard literature say's about it.). How ever,In such cases We can not derive ETA from chart ,have to do some guess work for that.

A good point made by you.

[Arjun20]

[jjm]

[rk_a2003]

[jjm]

[rk_a2003]

Thank you Very much JJM!

Yes as you said I too found this, if your point 5 is matching with prior resistance/ support ,Bingo! jump in .

What you said is perfect.

RK

[rk_a2003]

Hi All !

Now I found so many charts with TL divergence and posted as WW. All theese are from authentic websites referd by Investpedia.

I think We can conclude this ,TL divergence is also acceptable in ww.

Still, I could not upload the chart, Must be some tech glitch with I charts website.

Further studies and comments invited.

RK

[vinst]

[rk_a2003]

could not post again!

[rk_a2003]

Here We Go! Chart with Diverging TL's attached.

[chandrujimrc]

Dear Rk,

Recently our NF acted as per your latest chart.



chandru.

[rk_a2003]

Some More Thoughts&Proposals On WW

Somewhere someone referred ww as an ambush trading I rather call it a Guerilla Trading; Trading version of guerilla war fare .

Every one might have heard about guerilla warfare. It was an ancient warfare technique made popular again in modern era.

We knew, How Mighty American Army was brought on to its knees by tiny Vietnamese in 1960’s guerilla war fare. U.S. forces got large units into battle relied on air superiority and overwhelming firepower to conduct search and destroy operations, involving ground forces, artillery and airstrikes.

The Vietnamese who has simple guns and will to fight out Americans adapted hit and run methods .They never engaged Americans in traditional positional war fare, thus not giving any advantage to them. They turned Americans advantage into disadvantage for them and turned their own weakness in to strength by adopting hit and run guerilla tactics.

Ok ! Enough of guerilla warfare.

Now! What ww has to do with guerilla tactics? The mighty operators, Big FII’s and DI’s have brutal money power. The poor common traders with their meager amounts are no match to them in money power. These big guys don’t like poor traders to share their profits. They will do everything at their disposal to rip-off day traders. If we engage them in traditional methods we are no match to them, can we take a positional short against them? with in no time we will be wiped off.

They have Money,Super computers,Automated programmes,Information at there fingertips.Governments at there side.Therefore, we need to engage them with guerilla tactics, hit and run. WW traders are doing exactly the same.

When the battle for supply and demand equilibrium reaches a point which can favor us, we strike and run away after getting the target. These big guys look at us helplessly. Why? Even though they are mighty why should they be helpless? They cannot stop a natural rhythm of supply and demand waves and fight for equilibrium. Can they?! Definitely not.

To stop it they have to remove supply and demand it self, the very basis of market, in turn the very basis of their existence. Which, they can’t.

They cannot do anything other than watching us helplessly. We are turning their strength in to weakness and our weakness in to our advantage.(We can very well survive with small and continuous profits with which they can not survive)


Now the Real and constructive part - we need a guerilla army which can identify Wolf Waves on all time frames which can watch keenly and help each other in identifying and Trading them. From EOD and above time frames we will have sufficient time to identify them and post the charts at after hours.

In lower time frame we will not have sufficient time. We should pass on advance information to each other whenever we find them in forming, through postings. (Sumesh, myself, Chandru.adsingh & Ravi already started doing this). We need not post the whole chart; we can do it later at our convenient time.

Just alert our people that this +ww / - ww is on making on 1/5/10/15/20/30 minutes time frame in Nifty/Reliance/Unitech etc that’s it .Nothing else. One can post other details/charts etc, later at a convenient time. (Guys! here is the very important warning! People can make mistakes, after getting alert from one of us, one should enter the trade after checking it for himself and take full accountability for his own trades. No blame game should be there afterwards.)

Let us work together and Rock! And bring these Mighty money powers on to their knees, like tiny Vietnamese does Mighty Americans.

Thanks & Regards
RK

[maneesh007]

Is it WW pattern...experts plz comment


warm regards
Maneesh bhardwaj

[vinay28]

RK, would appreciate if you also give buy/sell with prices and target/SL when you post so that a lot of people will benefit

[maneesh007]

experts, plz check this one...