Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

and i was thinking you making new excel file for ew
didnt know u were so active in ew ..happened 2 learn from Asish da

It was the history during the year 2005, where I and Santanu were trying to make some excel / VB program based on Elliot for intraday trading or swing trading.

 

[Czar]

RIL : If I start to buy at 2970, price comes at 1185 - 1200. If at 1358 (2010 end to 2011), price comes at 590 - 600. The difference is huge. Investment timeframe will be 3 + at least 3 = 6 years minimum to reach the present price. Can u now understand my point of worry ?

I was banking on around 2970 scenario till I see otherwise, thus the investment strategy I took... personally I would not take outlook based on 1358...

 

[Czar]

My stop loss is 2600 though

 

[orderflow13]

Bhaiya fibonacci numbers are 0 1 1 2 3 5 8 13 21 55 89 144 233 .... 0 1 1 are not used for the calculations.

i think u misunderstood ... i meant2 say what is the fibonacci retrace and extension figures of niftys 200 ema,50 ema etc ?

 

[mitasatyajit]

satyam
what are the figures of fib moving avgs ?

The first number is zero, the second number is 1. Now add the previous two numbers get the third number and so on.

0, 1, 1 (0+1), 2 (1+1), 3 (1+2), 5 (2+3), 8 (3+5), 13 (5+8), 21 (8+13) ..... and so on.

Now delete the first 4 numbers. Remaining are 3,5,8,13,21,34 ..... so on.

The magic is The ratio of every consequtive numbers are same.

3/5 = 5/8 = 8/13 = 13/21 = 21/34 ...... = 0.618 (approx)

or 5/3 = 8/5 = 13/8 = 21/13 = 34/21 ....... = 1.618 (approx)

 

[learn2trade08]

how do we calculate that....just draw fibs on ema's low highs?

i think u misunderstood ... i meant2 say what is the fibonacci retrace and extension figures of niftys 200 ema,50 ema etc ?

 

[mitasatyajit]

i think u misunderstood ... i meant2 say what is the fibonacci retrace and extension figures of niftys 200 ema,50 ema etc ?

I am sorry. I also misunderstood.

 

[orderflow13]

how do we calculate that....just draw fibs on ema's low highs?

it can be done .. ok what i was asking got it .... 15 ema is 3640 divide it by 2/3 ( for getting 61% retracement ) so 7280/3= 2426.66 is 61 % fib no of 15 ema

 

[mitasatyajit]

it can be done .. ok what i was asking got it .... 15 ema is 3640 divide it by 2/3 ( for getting 61% retracement ) so 7280/3= 2426.66 is 61 % fib no of 15 ema

But 2 is not the fib number.

 

[orderflow13]

By alex_laxya

fib levels of 15 ema nifty

actually i didnt take first top of ema for right side projection, my mistake .. calculations wd be bit different