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RUNNING WITH THE WOLVES |
Ravi_S
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sumesh_sol
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Post: #767  Posted: Wed Oct 05, 2011 2:07 pm Post subject: YESBANK |
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YESBANK..1tf..
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sumesh_sol
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| Post: #768 Posted: Wed Oct 05, 2011 2:26 pm Post subject: YESBANK |
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YESBANK...60tf..
**************
1tf Sl hit !
But here is much better opportunity on higher timeframe...
On 60tf if it closes above 8-EMA inside channel, then we will have a valid WW in place...
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umesh1
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| Post: #769 Posted: Wed Oct 05, 2011 2:28 pm Post subject: |
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Hi Ravi
Good observation and posting will be glad if you can give SL level also
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ragarwal
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| Post: #770 Posted: Wed Oct 05, 2011 3:20 pm Post subject: |
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| thnx arjun,i also dont trade nickel but wil just observe if d trget of 880 comes or not
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ragarwal
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| Post: #771 Posted: Wed Oct 05, 2011 4:18 pm Post subject: |
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| hi arjun cn u spot a ww on copper 15 min tf with trget of 350 or so,im afraid i am nt able to draw d lines on d chart
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share.trader
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Joined: 12 Jan 2007
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| Post: #772 Posted: Wed Oct 05, 2011 9:00 pm Post subject: |
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am realy fedup with WW , when am in doubt whether it is WW or not it will be a WW, when am sure that it is a WW it will not be ............. 
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #773 Posted: Thu Oct 06, 2011 7:14 am Post subject: |
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Don't give up Share Trader!
Open Historical Charts and try to Identify WW formations on different Time frames(before that get really really familiar with rules).Not only current ones even past ones too, including failed formations ( means the ww's which failed to reach targets ).
It needs little patience and more practice .At some point you will start recognising patterns,( your mind will be tuned for recognising it ) then you may move forward with leaps and bounds.Be determined. You will be sucessfull.
Every one who are posting WW's here must have gone through this process. No one is exception. Some may get it sooner some may get it a little later. It's not a Rocket science.
This practice exercise can be taken up by all newbees who are interested to learn WW,till you start recognising it automatically.
A small tip -- Look for Bearish WW in rising channels and for Bullish WW in falling channels.
Keep on drawing trend lines and target lines till you get it right. You are not going to lose anything but ignorance. 
| share.trader wrote: |
am realy fedup with WW , when am in doubt whether it is WW or not it will be a WW, when am sure that it is a WW it will not be ............. |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #774 Posted: Thu Oct 06, 2011 7:57 am Post subject: Re: YESBANK |
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Posting Yes Bank EOD chart with +WW,In continuation to Sumesh 60 minute chart.
*EOD and 60m charts are in synchronization.
*Price piercing Lower Boilinger Band.
*RSI in OB, CCI too OB with -100.
EPA is 284 and ETA is November 2nd week (not too far).
One can take entry with first reversal white candle formation with a stop loss of 233 ( Even We may think of an entry right away keeping in view of 60m + WW with a stoploss of 240 )
I don’t know how active are Yes Bank options .One can go for option play too on this +WW
Cheers!
RK
| sumesh_sol wrote: | YESBANK...60tf..
**************
1tf Sl hit !
But here is much better opportunity on higher timeframe...
On 60tf if it closes above 8-EMA inside channel, then we will have a valid WW in place... |
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45.46 KB |
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251 Time(s) |
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rk_a2003
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Ravi_S
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| Post: #776 Posted: Thu Oct 06, 2011 12:39 pm Post subject: |
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Is this a failed WW? We will have to wait and see....
NF, 30 mins, Bullish WW
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adsingh101
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Joined: 09 Nov 2010
Posts: 242
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| Post: #777 Posted: Thu Oct 06, 2011 12:59 pm Post subject: |
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| Ravi_S wrote: | Is this a failed WW? We will have to wait and see....
NF, 30 mins, Bullish WW |
Ravi_S Infact there was a Bearish WW I have drawn it in your chart with white line and its target also met. And also as per my little knowledge the Pt 6(i.e. the target) should be above Pt4 in bullish WW.
Regards:
A D Singh
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sumesh_sol
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| Post: #778 Posted: Thu Oct 06, 2011 6:16 pm Post subject: SINTEX..eod |
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SINTEX..eod
=========
Although another green close could be seen as sign of reversal, I would rather prefer a close within channel.
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rk_a2003
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Joined: 21 Jan 2010
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #780 Posted: Thu Oct 06, 2011 11:45 pm Post subject: |
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| rk_a2003 wrote: | Don't give up Share Trader!
Open Historical Charts and try to Identify WW formations on different Time frames(before that get really really familiar with rules).Not only current ones even past ones too, including failed formations ( means the ww's which failed to reach targets ).
It needs little patience and more practice .At some point you will start recognising patterns,( your mind will be tuned for recognising it ) then you may move forward with leaps and bounds.Be determined. You will be sucessfull.
Every one who are posting WW's here must have gone through this process. No one is exception. Some may get it sooner some may get it a little later. It's not a Rocket science.Once mindset is tuned one can judge the mind of operators where do they want to drive the mkt.
Regards
Happy Trading
This practice exercise can be taken up by all newbees who are interested to learn WW,till you start recognising it automatically.
A small tip -- Look for Bearish WW in rising channels and for Bullish WW in falling channels.
Keep on drawing trend lines and target lines till you get it right. You are not going to lose anything but ignorance.
| share.trader wrote: |
am realy fedup with WW , when am in doubt whether it is WW or not it will be a WW, when am sure that it is a WW it will not be ............. |
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Dear RK
I really appreciate you for these golden words
It needs little patience and more practice .At some point you will start recognising patterns,( your mind will be tuned for recognising it ) then you may move forward with leaps and bounds.Be determined. You will be sucessfull.
Every one who are posting WW's here must have gone through this process. No one is exception. Some may get it sooner some may get it a little later. It's not a Rocket science.
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