Approaching Market With Elliot wave Analysis


posted by shanu on Sun Jun 10, 2012 02:40 am

#1
good view saamuu

posted by saamuu on Sun Jun 10, 2012 10:19 am

#2
dear fellows, here is the thread to learn elliot wave and approach the market by wave theory, lets learn and earn together, i will also post with charts with elliots approach, wave 5 going to complete near 5124 and forms an wave 1 and wave 2 comence after completion of wave 5 and posible complete area of wave 2 is 4988/4903, this 3rd wave is going to be fast and furious we are going to enjoy the roller coster guys

Attachments

nifty11612.png

posted by saamuu on Sun Jun 10, 2012 10:24 am

#3
Guidelines 1.always trade near wave complition area, 2.take entrys always at small risk reward ratio. 3.book parital profits at 1st targ and run trail for next fibo target 4.dont hesitate to take double long or double short reverse trading 5.if cant able identify the wave stay away from market for time being.

posted by saamuu on Sun Jun 10, 2012 10:27 am

#4
stratergy for 11.6.12 wave [5] complete area book longs and take shorts for targ 4988 minimum.

posted by milanchn on Mon Jun 11, 2012 01:02 am

#5
thnks- will wait for further chart

posted by saamuu on Mon Jun 11, 2012 01:11 am

#6
dear balag this is amibroker only .which afl u need.the top one or the bottom one, remeber the counts are manual not the software generated

posted by kalyan on Mon Jun 11, 2012 01:37 am

#7
pls give wave count on eod. in ur chart cant see the label 5

posted by saamuu on Mon Jun 11, 2012 02:06 am

#8
dear kalyan do right click save the chart,its very visible wave [5], i think u need wave count on eod..will post at the night

posted by xxxx on Mon Jun 11, 2012 02:08 am

#9
Dea Sammu, Good prognosis and precise levels would like to follow your readings more frequently on waves especially around major events surrounding markets. Do keep posting for better positional ho;dings on Nifty.Thanks a lot :D

posted by saamuu on Mon Jun 11, 2012 07:22 am

#10
dear kalyan for u eod wave count. Image

posted by saamuu on Mon Jun 11, 2012 08:03 am

#11
stratergy for 12.6.12 wave[a] running posible complete area is 5006 near and wave [b] to comence up, positional players can hold shorts and wait for wave[b] to complete and take shorts again. in case 4988 comes tmrw itself take longs as planned before. those who want to trade wave [b] for long should have patients and have to adopt to control the fear, safe players can book profit in shorts and take shorts again at higher price if market reverse before 4988 levels. in simple words book shorts at 5006 and re enter near 5074/5083 levels, Image

posted by saamuu on Mon Jun 11, 2012 12:00 pm

#12
nifty moving as per the plan 5124 is 5th wave complete area and 5124.45 is the high, and we where short for abc trade :) cmp 5041 from 5124, gaining 83 pts till now wave[a] is running now .booking partial profits and on wave[b] will add more for wave[c]

posted by milanchn on Mon Jun 11, 2012 12:20 pm

#13
saamuu- wave 3 is after forming 4903?

posted by saamuu on Mon Jun 11, 2012 12:39 pm

#14
yes milan wave 3 fast and furious after wave 2 complete ,will post the chart in the evening for the posible complete place for wave 2.as we already know the minimum requirement of wave 2 is 4988

posted by saamuu on Mon Jun 11, 2012 12:40 pm

#15
thanks shanu for the compliment

posted by balag on Mon Jun 11, 2012 12:44 pm

#16
for this which sw. i have ami broker, if ami can u provide afl

posted by kalyan on Tue Jun 12, 2012 03:44 am

#17
thanx saamu

posted by kalyan on Tue Jun 12, 2012 03:56 am

#18
this is weakly label for spot nifty in adget. is it corect. pls coment

posted by saamuu on Tue Jun 12, 2012 04:28 am

#19
dear kalyan.the wave count is wrong.but u can trade with this count.i will explain wats wrong with this count as per ur chart wave1 lenght=333 pts and wave 4 ended at 4531,as per r.n.elliot wave 5= wave1 means 4531+333=4864,but from wave 4 it gone beyond 4864 and made high of 5630. now coming to trades adget is software it changes wave count at danger area.when u trade long for wave 5 it wont change the count till it breaks wave 4 end.who will keep 1099 pts as stop?,

posted by ajit on Tue Jun 12, 2012 06:02 am

#20
SIR THANKS NOW IT WILL AGAIN GIVE STRENGH TO NP


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