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WW ON EOD CHARTS |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #496  Posted: Tue Jun 04, 2013 9:16 pm Post subject: |
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Niftybees EOD +WW.
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sureenderkalra
White Belt
Joined: 11 Dec 2012
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| Post: #497 Posted: Thu Jun 06, 2013 8:31 am Post subject: +WW IN PFC, RECLTD AND IOC |
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+WW IN PFC, RECLTD AND IOC
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apka
Black Belt
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| Post: #498 Posted: Thu Jun 06, 2013 8:57 am Post subject: |
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| thanks sureender
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #499 Posted: Thu Jun 06, 2013 10:04 am Post subject: |
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Is the much awaited Correction in US markets coming?.We can say chances are there as per chart.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #500 Posted: Thu Jun 06, 2013 10:21 am Post subject: |
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| rk_a2003 wrote: | | Is the much awaited Correction in US markets coming?.We can say chances are there as per chart. |
see my post under nifty view
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #501 Posted: Thu Jun 06, 2013 10:28 am Post subject: |
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| kya karre tumlog itna bade correction trgts deke
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #502 Posted: Thu Jun 06, 2013 10:36 am Post subject: |
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| vinay28 wrote: | | rk_a2003 wrote: | | Is the much awaited Correction in US markets coming?.We can say chances are there as per chart. |
see my post under nifty view |
So,You are expecting decoupling (that too defiant) of US Indian markets.US markets 15% down Indian markets 15% up.Quite interesting prediction.It can happen provided INR bottomed out but 60 targets are expected, if that is going to happen chances for decoupling is less, rather Indian markets may follow US markets obediently.
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vinay28
Black Belt
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| Post: #503 Posted: Thu Jun 06, 2013 10:56 am Post subject: |
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| rk_a2003 wrote: | | .... (that too defiant) ..... |
 don't you think buying at higher INR is the only way they can make money? Otherwise they haven't made any money in last 5 years.
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rk_a2003
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falcon
White Belt
Joined: 17 Nov 2011
Posts: 211
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| Post: #505 Posted: Sat Jun 08, 2013 8:24 am Post subject: |
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rk_a2003,
I have one doubt. Isn't a Wolfe wave formation a reversal pattern? If so, Nifty has run up from 5500 levels to 6200 levels and has corrected by 300 points. In order for a bullish Wolfe wave to be valid, don't you think there has to be a preceding down trend of considerable length? Or can we apply it wherever we see an 'M' or a 'W' irrespective of its placement in the long-term chart?
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #506 Posted: Sat Jun 08, 2013 10:28 am Post subject: |
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right or wrong
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #507 Posted: Sat Jun 08, 2013 11:15 am Post subject: |
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| apka wrote: | | right or wrong |
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Ya Apka,
Its right but Point 5 is still pending.Will be ard 1950.In between it had completed one +WW and one -WW.
Vishy
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #508 Posted: Sat Jun 08, 2013 11:28 am Post subject: |
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| falcon wrote: | rk_a2003,
I have one doubt. Isn't a Wolfe wave formation a reversal pattern? If so, Nifty has run up from 5500 levels to 6200 levels and has corrected by 300 points. In order for a bullish Wolfe wave to be valid, don't you think there has to be a preceding down trend of considerable length? Or can we apply it wherever we see an 'M' or a 'W' irrespective of its placement in the long-term chart? |
The perceptions could vary from person to person. You said “Nifty has run up from 5500 levels to 6200 levels and has corrected by 300 points. In order for a bullish Wolfe wave to be valid, don't you think there has to be a preceding down trend of considerable length?”
Yes ww is a contra trade (reversal pattern) I see it like this…. Nifty has run up from 5500 to 6200…. A bull run… while going down if it forms a ww ,I see a bright chance of its success from trading perspective. Success means not necessarily meeting the target; even if it travels up to UTL that’s enough for us we may secure profit with Trailing Stop loss.
“Can we apply it wherever we see an 'M' or a 'W' irrespective of its placement in the long-term chart?”. Even choosing a ww for trading can be subjective. Sometimes I ignore some ww’s sometimes I chose to trade .No trading decision can be without subjective factors influencing it even though we thrive to completely minus it. When market is falling at a rate of 2% every day would any one dare to take up a +ww trade? Including hardcore ww traders?. I don’t think so…
Entry of ww trade is tricky. I prefer to enter with high risk reward that’s why I take entry with the first instance of reversal bullish signal i.e Change of guard. I may have to eat multiple stop losses sometimes but when I book the profit it compensate much more. You may observe that every ww trader have their own way of entry method…..I have my own preferred way in the form of Fusion set up.
While entering a ww trade have a look at Higher time frames if they are complementing each other. That’s good in case they are not then think twice and consider other factors before entering. ww in LTF may have an immediate edge.
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #509 Posted: Sat Jun 08, 2013 11:37 am Post subject: |
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| vishyvaranasi wrote: | | apka wrote: | | right or wrong |
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Ya Apka,
Its right but Point 5 is still pending.Will be ard 1950.In between it had completed one +WW and one -WW.
Vishy |
thanks vishy .. I hope it makes it to 1950, right now its making that curvature that comes at bottom.
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #510 Posted: Sat Jun 08, 2013 11:52 am Post subject: |
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going thru psu banks..
heres bank of baroda
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