Nifty Futures Trading Part 2 (Positional)

[orderflow13]

SATYAM
superb chart ... do u have any indicator for showing EW ? or u hand made the points ?

 

[satyamsit]

SATYAM
superb chart ... do u have any indicator for showing EW ? or u hand made the points ?

alex bhaiya i use metastock, and its only by hand. ADV get chages its wave positioning everyday.

 

[learn2trade08]

satyam...plaease one book u would suggest me on elliot and definitely a good one...thanks

"A correction of 38% is the minimum that can be expected after a completed 5 wave swing. Most of the, a 50% correction is more likely." Fibonacci application and strategies for traders- Robert Fischer; page 39.

 

[mitasatyajit]

just woke up....i think tomorrow/this wk we'll reach 4600 and 6350 by next month. Boy! Oh Boy! $4 trillion pumped into the market!!!

BUT CDS worth of $60T is in trouble

Panchtarang is growing up.

 

[satyamsit]

Very nice SatyamSit but now please explain in layman terms for us illiterates

Czar .. forget Fibonacci and all. just take a calculator and calculate these movement percentage wise. As we r still in downtrend and just completed a downswing..its observed that after accomplishing a projected price target we generally retrace 50% on the other direction. and it goes like this.

 

[learn2trade08]

i allready have the rocks on the blackdog......

Comeon SatDa - please just once give me a upper circuit, please please please

Here's a little something for u (Czar bribe SatDa)

 

[rishig38]

Czar .. forget Fibonacci and all. just take a calculator and calculate these movement percentage wise. As we r still in downtrend and just completed a downswing..its observed that after accomplishing a projected price target we generally retrace 50% on the other direction. and it goes like this.

so lets say we had a high of around 4600 couple of months ago and a low of 3200 couple of days ago, so the 50% retracearment should take us to around 3900 level, which is also the resistance according to satya at 3965..is that correct??

 

[orderflow13]

alex bhaiya i use metastock, and its only by hand. ADV get chages its wave positioning everyday.

simply awesome, plz keep posting ur charts...
so u indicating we will witness a,b,c pattern as we had on 24.7.08 ?
and does it mean after a,b,c we follow 1,2,3,4,5, down waves ?

 

[rishig38]

btw, U.S. Stocks Post Biggest Rally in 70 Years, Dow Rises More Than 900 Points

So, the index rose 11% percent whereas the futures rose 13%...simply amazing...

these are once in a lifetime kind of events...

 

[orderflow13]

Panchtarang is growing up.

sat da ..
is panch tarang on steroids ( see the growth ! ) ...laughing my brains out on ur post
and who is that fellow reprimanding at panchu ?