Nifty Entry ,Exit ,Target levels with Median Line Charts

[LivetoTrade]

....also muttered something about wrong colour Bolts & wrong direction...and then something about Nuts... ...still scratching my head what he meant....!!!

The EOD chart should have surely enlightened you on what he meant - please be considerate and share with us.

 

[SavantGarde]

Hi LtT,

Have every intention of elaborating.... just that U.S. Market, opening has drained me mentally & physically... concentrating on the bobbing bars....

Will take a Rain Check today...perhaps at some point tomorrow....!!!

Kavima... has given us an excellent insight already...I would any day go with it... eyes closed...while I am clueless what the charts might spew out when I do get round to it...!!!

SG

The EOD chart should have surely enlightened you on what he meant - please be considerate and share with us.

 

[LivetoTrade]

I think this time the trend line will give a breakout .we have already completed 5 major pivots in the downtrend.looking out for a healthy retracement to go long again.till then will have to flow with the smaller moves....

As of now, eod values, Option tables mirror your thoughts.

They suggest a range between 4890 and 5410.

4880-4890 was important resistance, and Nifty crossed it, now we need to see if that will be a good support in counter trend, or if it will be eaten for dinner.
Why dinner? Yeah, only then we get gap down the next day

 

[SavantGarde]

Here is the same chart as posted by Kavima.....and I am entirely to be blamed for disfiguring......nothing much to read into it.... just exploring...Treasure Hunt ...one might say..

SG

 

[trdstudent]

25.01.2012 Wednesday

60 min chart

Price has reached the median line and steadily testing the resistance zone.Looks like it is buying time to test 5200 zone before a retracement ..Feb series does look to be complicated one as it will be in correction mode till the next leg of impulse wave....

Can u plz elaborate more on 5 major pivots?

 

[SavantGarde]

Aaaaahhhh.... now I know what those lines I drew...Kavima commissioned me to do the staircase....dang..! got the Treads & Risers ...all wrong....

'Stairway To Heaven'

SG

Here is the same chart as posted by Kavima.....and I am entirely to be blamed for disfiguring......nothing much to read into it.... just exploring...Treasure Hunt ...one might say..

SG

 

[Kavima]

Aaaaahhhh.... now I know what those lines I drew...Kavima commissioned me to do the staircase....dang..! got the Treads & Risers ...all wrong....

'Stairway To Heaven'

SG

SG,
In a building the riser should be small and the tread should be larger to climb to the next floor level faster.irony in trading ,rise (rally) should be larger than the tread( sideways range,pullbacks) to reach the higher target level :thumb:..( what philosophy!! haan...)
Too much of building jargon,I will also get evicted from this thread
By the way please enlighten us with your inputs and release the suspense....thks

 

[SavantGarde]

Uuufffffff.............Silver, Gold, Crude, EUR/USD, AUD/USD & DOW Cow... are all using the 'Stairway To Heaven'....... Have A Look At Them...

SG

 

[Kavima]

Uuufffffff.............Silver, Gold, Crude, EUR/USD, AUD/USD & DOW Cow... are all using the 'Stairway To Heaven'....... Have A Look At Them...

SG

Just saw them..amazed at the reactions at the same time!!looks like u're very busy filling the treasure chest
so we have a holiday tomorrow and SG will host a celebration party for all of us here..TC..

 

[SavantGarde]

MCX Biggies... have kept the lid on Crude...... Can't believe what I am seeing...!!!

SG