My charts (and yours too........)

[kaly422000]

Recently I am learning Wolf Wave.

Is it valid wolf wave?

If it is not valid then please correct me where I am making mistake.

Regards,
-Pralhad

perfect one i think but better give on eod chart on any wolfe wave

 

[kaly422000]

http://img521.imageshack.us/i/2011janhangseng800x600.png/ hangsen index acording my chartnexus chart seems wolfe wave

 

[Siddesh Gaddi]

I am new to technical analysis. right now i am using charts that is displayed on reuters india.
is there any other good website which display realtime chart?

 

[Romeo and Elliott]

oops i got yr query wrong re. RT charts ...
no clue @ RT.

 

[alroyraj]

perfect one i think but better give on eod chart on any wolfe wave

I suppose a new wolfe wave will point it down now till 5900 or lower. Anyone can please attempt it.

 

[MurAtt]

@Babu

A lot of extremely bewakoof newbies would be visiting your thread now to eat up your head. Would request you to help them out as much as possible.

Thanks

 

[gauharjk]

@Babu

A lot of extremely bewakoof newbies would be visiting your thread now to eat up your head. Would request you to help them out as much as possible.

Thanks

Thank you SM bhai for introducing me to this thread...

@Expert Chart Readers,

I don't know about chart reading. I have been trying to find out about supports, resistances, pivot points, Fibonacci retracement, etc... but its not something I can understand. I am still in reading mode. I'll check out this thread from the beginning, and hope to learn something...

Cheers!

 

[babukraman]

@Babu

A lot of extremely bewakoof newbies would be visiting your thread now to eat up your head. Would request you to help them out as much as possible.

Thanks

SM bhai!
It would be my great pleasure to help out the newbies or anyone else for that matter, as much as possible.

Now for the newbies,
(if you think you're a newbie to TA)
It's very simple.
1. Please read and understand the concepts of "Saint's 'Teach a man to fish.....' compilation" from this forum which has helped me to put the all the pieces together.
2. Then,
Free tutorials on Stockcharts dot com, investopedia dot com.
3. Then,
if your band width allows for the viewing and/or downloading Your trading coach dot com's videos of bar patterns reversals.
4. For charting (EOD), I use free version of the chartnexus which provides data only for 3 years (which is good for me and I beleive it's good for the newbies as well).
The above references should indeed be helping you to get started in learning TA. All one needs is a little bit of enthusiasm, focus, determination and dedication to go through these initial stages of this learning process curve.
Again, it's very simple! .............. How much efforts you put in, that much understanding of TA one gets to acquire! In my rough estimate, it may take around 3 to 6 months of this "self-learning" (Baabaa khud-shiko ashram, as RnE has termed it ) process. Please don't jump around from one web site to another or from one chapter to another; please one chapter after another in a clinical fashion.
Extra Curricular Activities (ECA): (Mostly appropriate at the beginner stage itself) While going through this learning process, try to read a few books like Dr Alexander Elder's, "Trading for a living", Edwin LeFavre's "Reminiscences of a Stock Operator" aka ROSO, etc., to get a few pointers on the psychology of traders, operators, etc.,
After that One may decide on the next areas of specialisation like Elliott Wave (EW), Volume Spread Analysis (VSA), etc.,
Good luck!
Cheers!
Babu Kothandaraman

 

[aniket_tyagi]

Hi Guys,

Below is a weird chart of HINDALCO.

226-210-197-<190 ???

EW looks perfect. I started from July when it was consolidating* for 2 weeks. 8 consecutive days, same range daily, on daily chart.

I should not be saying comments and criticism invited. I am an infant. So, thappad bhi chalega.
:clap::clap::clap::clap:

 

[babukraman]

Hi Guys,

Below is a weird chart of HINDALCO.

226-210-197-<190 ???

EW looks perfect. I started from July when it was consolidating* for 2 weeks. 8 consecutive days, same range daily, on daily chart.

:thumb: A nice observation on the weekly. Especially, your fifth wave seems to end with a bearish engulfing pattern at the peak of the rally suggesting for a corrective a-b-c pattern to follow.

As you'd mentioned, is it really a weird chart???