Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

pkamalesh,

In this thread lots of charts are posted based on Elliot Waves,thatswhy i regularly track these charts.There is a mistake in your markings of EW in this chart,plz remember in EW the wave 4 never goes into the zone of 1-2.
To MATCH charts important Figs,there may be a tendency of 'Curve Fitting' excercise going on.Kindly do not misunderstand me,i am zero in EW compared to some Gr8 guys here,moreover i do not take decisions based on EW ONLY.
My request plz learn the thing atleast rightly.

Asish

thanks da..me too just learning for styam..thats why asked him to chec..i think that if i can display what i understand the more mistakes would pop out...this makes learning fast..thanks for correcting da...

 

[uasish]

Elliot Wave is slightly Subjective ,becoz the count of waves & their markings DIFFER from individual to individual.
The Count starts by first identifying from Major Waves to downwards,just now i can post one chart giving different counts if you want & trust me that chart will be as per the perfect guidelines of R.N.Elliot & his acclaimed torch bearer Tom Joseph.

 

[satyamsit]

I am uploading 3 pages of the book by robert fischer whr the calculation part is discussed ...plz go through that. it's quite simple.

just zoom to read.. it'll be quite clear to read.

 

[pkamalesh]

Elliot Wave is slightly Subjective ,becoz the count of waves & their markings DIFFER from individual to individual.
The Count starts by first identifying from Major Waves to downwards,just now i can post one chart giving different counts if you want & trust me that chart will be as per the perfect guidelines of R.N.Elliot & his acclaimed torch bearer Tom Joseph.

yes da..plzzz post....would be great...if possible plzz point out few important things that need to be taken care of while counting the waves

 

[learn2trade08]

ashish'da...
if the chart is easy to find can you post it please...
thanks

Elliot Wave is slightly Subjective ,becoz the count of waves & their markings DIFFER from individual to individual.
The Count starts by first identifying from Major Waves to downwards,just now i can post one chart giving different counts if you want & trust me that chart will be as per the perfect guidelines of R.N.Elliot & his acclaimed torch bearer Tom Joseph.

 

[uasish]

If you go through this chart then it says that we may breach 2228 decisively downwards NO RETEST of that level,may be that may happen after few weeks.
Now you are in for an Upsurge maybe upto 3900 -4000.
These are deceiving thats why i follow only Trend ,why we are after Future predictions,the Price when reverses i will come to know within 3-4 bars after its actual reversal Bar,then will act accordingly.
These type of trying to know Future can be very academical/educative/debatefull is it good for our Trading purpose,i can become a Guru say when Nifty Fut at 4000 one fine morning i predict that it will breach 2228 & by chance it happens then i abecome a confirmed Guru.
Tell me how many of us can put a Stop 200 to 250 points away from Entry with multiple lots,becoz to play these type of Long moves you need that.
Are we going to practise in real life trading then OK plz go ahead,otherwise Learn the basics & search the usefull things of EW which we can adopt.
This is absolutely my subjective view.

 

[pkamalesh]

pkamalesh would request you to form a new thread for learning & trying basis for elliot and trendlines as others may mistake your charts as imparting analysis, satyajitda has a specific thread for that purpose, hope you dont mind my saying

ok UVT...i was just trying mate...sorry for the wrong info...will not post any charts from now......ill be a silent learner....

 

[uasish]

pkamalesh would request you to form a new thread for learning & trying basis for elliot and trendlines as others may mistake your charts as imparting analysis, satyajitda has a specific thread for that purpose, hope you dont mind my saying

This till date i thought to be a Thread for Nifty Fut's positional view,infact this one is part 2 of the Nifty Fut's Intraday thread.

 

[coolboy007]

DOW up 527

What a short covering , someday we will see something like that in indian mkts too , every1 is short these days.

Now Czar sir chanting begin Circuit Circuit Circuit.
Have more hopes as Tomorrow is Dry day and Circuit is free

 

[pkamalesh]

Sorry mates...was just tryin to learn somethin from all of ul...not any thin else..will not post anythin from now..will just be a learner...tanks every one...