Approaching Market With Elliot wave Analysis


posted by saamuu on Mon Jun 18, 2012 04:57 am

#41
its 50% fibo relationship with 5172 to 5047:)

posted by seetharaman on Mon Jun 18, 2012 05:05 am

#42
nice chart thanks

posted by dharma on Mon Jun 18, 2012 05:54 am

#43
[quote="saamuu":3bd7dsrx]its 50% fibo relationship with 5172 to 5047:)[/quote:3bd7dsrx] Thanks Saamu for clarifying :D

posted by saamuu on Mon Jun 18, 2012 05:59 am

#44
nifty opened abv our zone 5184 so itsconfirming for 3rd wave ,can hold LONG till 5224/54, as cci in over bot zone expecting some dip,safe traders can book and BUY back on retracements

posted by saamuu on Mon Jun 18, 2012 08:18 am

#45
we have exited long exactly on top .cci saved us and wave e complete nifty have fallen 100 pts from top , now two levels only have to watch 5045/5024 play long any buy signal at this level.break of it then 4924 is the place of complete cycle.

posted by saamuu on Mon Jun 18, 2012 09:52 am

#46
after wave e complete .retracement of 4770 to 5187 is on card ,means wave1 completed at 5187 and wave 2 started, wave 2 needs confirmation as well. either it should not break 5149 or to break 5045, wat to do now? wait for retracement 5115/5141 stop 5149 to sell or break of 5045 targ 4990/4943, Image

posted by saamuu on Tue Jun 19, 2012 01:37 am

#47
thanks dharma..b waves are most frustrated wave..yet again proved .so much volatile and hiting both ways stops in intraday. patients only can win b wave

posted by saamuu on Tue Jun 19, 2012 05:26 am

#48
dated 7th june 2012 Image waited for wave b to come down. and then back up to wave c for 2nd wave dated 15th june 2012 Image and wave b completed as expected and moving up for wave c of 2nd wave which is 500 pts move till now. world markets are moving on dot with ew,but our indian market? hehe its an million dollor question, and dow going to crash on or before november

posted by dharma on Tue Jun 19, 2012 06:19 am

#49
Dear Saamu, What are the 2 moving averages you generally foloow up in the chart Regards, M.D.Dharmendra

posted by saamuu on Tue Jun 19, 2012 08:25 am

#50
its 50 ma and 34 ma just added after watching nifty magician ji's trade setup

posted by dharma on Tue Jun 19, 2012 10:12 am

#51
Dear Sammu , No posting today Regards, M.D.Dharmendra :(

posted by saamuu on Tue Jun 19, 2012 10:50 am

#52
dharmendra sorry for the late .been held in trading today, but informed yesterday afternoon itself to wait for 5115 and initiate short and target also mentioned bhai today it reversed from 5109 just 6 pts and will wait patiently for the target with trail

posted by saamuu on Tue Jun 19, 2012 11:03 am

#53
will wait patiently for the target no hurry in booking. Image

posted by saamuu on Tue Jun 19, 2012 11:05 am

#54
its my favourite trade zero line reject as well in cci

posted by dharma on Tue Jun 19, 2012 11:19 am

#55
Thanks Saamu :D

posted by saamuu on Wed Jun 20, 2012 01:52 am

#56
internal structure in 5mins,abc patterns morning abc 11.14 am .high made 5134.65 from there wave(a) formed =5134.65-5108.4=26.25 pts (c)=waveb-26.25pts=5100.85, low made 5100.80(exact on dot) and next abc formed a=5124.6-5100.8=23.8 wave(c)=waveb+23.8=5140.7(high made 5141.3,exactly on dot) those who know this pattern will trade easily bwaves. how trade this..let abc complete take long or short and cover at 100%, this tells the picture what wave we are in..once wave 2 gets complete a powerfull 3rd wave in on cards,till then trade the abc moves Image

posted by ajit on Wed Jun 20, 2012 02:24 am

#57
thanks keep it up sir

posted by nandakumar on Wed Jun 20, 2012 04:43 am

#58
Thanks saammu for e w chart and explanation. This will help many people to understand the wave pattern. We are interested to know more about sub waves. You are doing very good job

posted by dharma on Wed Jun 20, 2012 04:47 am

#59
Thanks Saamu :D

posted by saamuu on Wed Jun 20, 2012 11:51 am

#60
abv 5115 our second level was 5141 ,today high 5141.3 an impulse down happening ..again telling wait patiently for target not in an hurry,


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