NIFTY 50 future TRENDS

[manoharpillai]

06-03-12 Spot Nifty Res/Sup level
R2-5375 R1-5327 PIVOT-5296 S1-5272 S2-5217
WEEKLY S1-5265 HOLDS WE WILL SEE SHARP UP MOVE I EXPECT MARKET TO SCALE UP SOONER THAN LATER
BREAK OUT POINT 5362 BREAK DOWN 5265.
REF:
For coming week Spot Nifty levels
R3-5648 R2-5553 R1-5456 PIVOT-5362 S1-5265 S2-5171 S3-5075

 

[vinst]

Bharti airtel futures EOD : bullish 1-2-3 pattern formed.

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buy above high of last bar.

 

[Smart_trade]

Nifty Futures trend is down . The trend will reverse to up if Nifty Futures takes out 5438. This level is as of today...it will change as the market unfolds in future.

Smart_trade

 

[sudoku1]

Another day, another reminder that all those who listened to pundit calls for loading up on Greek 1 year bonds which hit 100% for the first time ever in September of last year, are now broke toquite broke. As of this morning the Greek 1 Year Bond has just passed 1000% and was down to just 20.5 in cash terms, further making the case for a Greek redefault in just over a year, as pre-petition bondholders make it abundanatly clear they dont expect to collect much more than one cash coupon in the fresh start country. In other news, Greek CDS just hit a new all time high of 77 pts, and the basis package is at a record of 98.5.

 

[anilnegi]

special annotatation for TimePass.
with one free bullish 1-2-3 also indicated on NF daily chart (of course, in historical data !!)

vinst

look interesting setup could you ellaborate more

anil negi

 

[trader_boy]

The market had a strong spike, so I decided to update the forecast.

The market hit the ground running as it began the week with the spike to my WS1 at 5336, and then missed the WS2 by only 9 points. After the WS2 at 5285 is hit, some consolidations might be expected but only as implied by the hourly chart. It is possible to see a move to my WS3 at 5198, and then see a strong bounce from there.

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really basic doubt here...i have read your thread on TLs, but am really confused about the basics.I would really appreciate if anyone could help me to know where this trendline came from...as in joining which candles low to which candles low gave the 1st TL.I have tried 4hr same period NF chart and encircled places where i think TL should be drawn .Pls guide >Thanks in advance

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[4xpipcounter]

Dhootankur, Vinst post a picture perfect example of a bullish 1-2-3 in post# 7232. He was also the first to point out the bearish 1-2-3 that just formed.
The bullish 1-2-3 contains all the qualities of what I call a perfect 1-2-3:
1. It forms at the end of the previous trend.
2. The 3 was formed on a minimum 78.6% correction of 1>2.
3. There is perfect symmetry. Approximately the same amount of candles forms the 1>2 as the 2>3.

Your live example is still a 1-2-3, but not quite as perfect. It lacks symmetry and the 2>3 is only 61.8% of the 1>2.

Posted is not a live example but one of Nifty that was formed on the weekly. Look to the far west. I drew the Fibo just to show what a perfect correction looks like, as it corrected exactly 78.6%.

A 1-2-3 at the end of a trend is one way that shows the trend has definitely given out.

I could post other charts, but I would have to do it for other markets, and don't want to in this thread.
The thing about perfect 1-2-3's is that you have to be looking for them. They don't just pop up on a daily basis. They yield a huge amount of points/pips when they do. The guy I learned some tips from concerning 1-2-3's takes about 2-3 trades per month, and he trades as low as the hourly. His winning trades are insane with little pullback. It's extremely rare when he has a losing trade.

@Trader_boy: Review the posted chart for the answer to your question in my next post.

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Paul sir, can a post for 1 - 2 - 3 pattern with some live examples be done...that would really help.... plzzzz

 

[dhootankur]

Dhootankur, Vinst post a picture perfect example of a bullish 1-2-3 in post# 7232. He was also the first to point out the bearish 1-2-3 that just formed.
The bullish 1-2-3 contains all the qualities of what I call a perfect 1-2-3:
1. It forms at the end of the previous trend.
2. The 3 was formed on a minimum 78.6% correction of 1>2.
3. There is perfect symmetry. Approximately the same amount of candles forms the 1>2 as the 2>3.

Your live example is still a 1-2-3, but not quite as perfect. It lacks symmetry and the 2>3 is only 61.8% of the 1>2.

Posted is not a live example but one of Nifty that was formed on the weekly. Look to the far west. I drew the Fibo just to show what a perfect correction looks like, as it corrected exactly 78.6%.

A 1-2-3 at the end of a trend is one way that shows the trend has definitely given out.

I could post other charts, but I would have to do it for other markets, and don't want to in this thread.
The thing about perfect 1-2-3's is that you have to be looking for them. They don't just pop up on a daily basis. They yield a huge amount of points/pips when they do. The guy I learned some tips from concerning 1-2-3's takes about 2-3 trades per month, and he trades as low as the hourly. His winning trades are insane with little pullback. It's extremely rare when he has a losing trade.

@Trader_boy: Review the posted chart for the answer to your question in my next post.

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That's real quick sir...thanks..

Now one thing...you said that retracement should be least 78.6...what can be maximum...and how to initiate a trade??? on the break of 2?? And also SL for the same??

So end of trend means there should be a sustained trend or a good upside or downside before it appears??

 

[4xpipcounter]

TB, My red TL's are always drawn off the weekly TF. The chart in the previous post shows exactly how it was drawn and how is was broken.
TL's can be used in many ways. The point of my thread was to show how to use a TL for it best tradeable setups. Once again here are the steps (Live in this case.) for a trade setup using TL's:
1. Draw it from the peak (in this case) to the first swing high.
2. Wait for the first candle to close on the other side of it.
3. The candle that broke the TL should be longer than usual. If it looks like it snuck over, then something is wrong. Odds are in the way the TL was drawn.
4. The trend will continue for awhile in its new trend.
5. It will correct back to at least the point of the break, and be contained by the actual TL.
6. Once in that area, find an entry to go long.

Currently, the correction has already hit the point of the break of the TL, bu it is not time to go long. This is because of the 1-2-3 we talked about earlier. Let the 1-2-3 play out, then price action will be near the TL, then it will be time to go long.

really basic doubt here...i have read your thread on TLs, but am really confused about the basics.I would really appreciate if anyone could help me to know where this trendline came from...as in joining which candles low to which candles low gave the 1st TL.I have tried 4hr same period NF chart and encircled places where i think TL should be drawn .Pls guide >Thanks in advance

 

[timepass]

special annotatation for TimePass.
with one free bullish 1-2-3 also indicated on NF daily chart (of course, in historical data !!)

Boss, this thing looks like a bullish double bottom to me, although a whole candle has closed below 21EMA. Maybe a bullish 1-2-3 is in making.