KISS like McGrath

[learn2trade08]

dear darsh,
my apologies,i cant figure out how i missed your reply to me in this thread...
please excuse me,thanks a ton for taking time and your thoughts are sincerely appreciated.
thanks in advance

Dear Learn2Trade,..

Yes , stop can be below D point. so as theorotiacally entry point is D too. Well , while trading in volatile market , u must need to wait for the higher pivot to enter the long and vice versa for short side. One can use some stoploss indicators for it, but i would prefer to take positions only when u find complete sign of reversal. Use candlesticks to find reversals.

Next about ur chart on Reliance industry. , if u can notice the point C should be either 50%,61.8% or maximum upto 78.6%. But it seems very high then that, yeah, it doesnt mean that reliance dont have any chance of reversal. Coz in normal way to ,.. here is another way to utilize fibonacci ratios to improve ur trading technique.

NOW , HERE IF U SEE CD WAVE IS ABIT HIGHER, SO THE POTENTIAL REVERSAL ZONE FOR RELIANCE COULD BE , 127% TO 161.8% EXTENTION OF WAVE CD. If price is hovering around such levels , one can think its temporary bottom.

This is something what i have noticed in all these years of my experience in reading the charts. I'm not an indicator trader, i just trade patterns. But there are so many people over here who might have developped some indicators to bottom fish the market. U can use their logic along with patterns and benifite( as i m dumb in indicators , i cant use them ,or in otherwords i m biased to patterns.)

Thanx , hope it will be helpful.

Regards,..
Darsh

 

[learn2trade08]

Re: Ranbaxy wolfe wave

dear ajax,
not sure if you miss traderji,but i know for sure some boarders miss your analysis..
hope to see you soon friend.
all the best.

no wolfe here. Its a long rising wedge with bearish implication.

 

[darsh_goswami]

Dear Robin , thanx for the chart of INDUSIND BANK.

Not sure it will hit targets or not , but now its riding bearish ABCD ,.. will post the chart today evening.

Regards,..
Darsh

 

[learn2trade08]

plz take a look at crompton as well...
thanks

Dear Robin , thanx for the chart of INDUSIND BANK.

Not sure it will hit targets or not , but now its riding bearish ABCD ,.. will post the chart today evening.

Regards,..
Darsh

 

[robin_malihan]

dear robin,darsh.
please take a look at crompton greaves,i cant figure out if its bullish or bearish,charts are very tricky(atleast for me),but there is a certain wolfe...Your views will be sincerely appreciated.
thanks

Crompton was on my watch list but as symmtery doesnt got hit so no wolfe wave on this.

look at RPL and Sail there u will see symmtery also PTC that is also a bearish setup

dear ajax,
not sure if you miss traderji,but i know for sure some boarders miss your analysis..
hope to see you soon friend.
all the best.

yes , love to see your post Ajax.


Robin

 

[learn2trade08]

dear robin,
sincerely appreciate your time.
all the best

Crompton was on my watch list but as symmtery doesnt got hit so no wolfe wave on this.

look at RPL and Sail there u will see symmtery also PTC that is also a bearish setup




yes , love to see your post Ajax.


Robin

 

[darsh_goswami]

Wolf Wave hit in today's trade.

Setup : bearish Wolf.

Regards,..
Darsh

 

[sriram_326]

Hi
I had found a pattern which i think to be Wolfe Wave.This is seen in ICICI Bank today.Expert advice required on whether my interpretation is correct or not on WW's.

http://img83.imageshack.us/img83/6711/iciciwwbx9.png

iam new to WW.And am seeking comments.

 

[trillian]

Re-posting Rules and Guidlines for a Perfect wolf. To Avoide InValid Wolf.

Rules for Bullish WolfeWave Structure

Please note the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a top we are assured of beginning our count on a new wave. (The reverse would apply for a bearish wave.)

#

The 2 point is a top.
#

The 3 point is the bottom of the first decline.
#

The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.
#

The 4 point is the top of the rally after point 3.
#

The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).
#

Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.
#

Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.

Vice Versa for the BEARISH WOLF WAVE.

PLZ DO FOLLOW RULES.

REGARDS,..
DARSH

Thanks for your efforts can you explain the same kind of steps for BEARISH WOLF WAVE. it will be useful for me..

Thanks..

 

[darsh_goswami]

Hi
I had found a pattern which i think to be Wolfe Wave.This is seen in ICICI Bank today.Expert advice required on whether my interpretation is correct or not on WW's.

http://img83.imageshack.us/img83/6711/iciciwwbx9.png

iam new to WW.And am seeking comments.

Dear Sriram ,

U were very close to bang it , but only few problems ,..

the most important thing is trendline divergence, they shouldnt be expanding.
Next is symmetry is missing between pt 1-3-5 ,..

Robin may soon show u some new indentifications of valid wolf.

Regards,..
Darsh