Nifty Futures Trading Part 2 (Positional)

[coolboy007]

& no Cool she does not read charts , only does calculate in excel, so afl is no question

Yeah yeah , am impressed by her as she was right 2 times i followed her and made money on her indications for Dow and Nifty ADX and Elder ray bull power are parts of excel kya>??

Any idea where we heading 2moro , am confused had made up my mind that we will bounce back but now Satda is back so am doubtful , even him modem has come to life.

 

[pkamalesh]

Just found this interestin bit of using the EMA a bit differently...Though many of u guys might know this still i thought ill post it for the newbies and learners like me who could use the EMA indicators,,,

This is a 6 period EMA (open) and a 5 period EMA (close).What interested me is the quick and accurate signals that the cross over gives and here we do not use both closing EMAs but one close and one open.

 

[learn2trade08]

wow,
never knew renuji is a fan of alexander elder.

you are hereby granted post paid leave & immediately request your goodselve to get a bullish modem after the next down bar atleast for 2 months



Nope 2 more left for next year I guess



Ya RN is a big follower of Elder & I have several times told her to post here but she Said this place is too serious

 

[Czar]

na na L2T not renu, no one from this forum

 

[satyamsit]

These r the 4 resistance levels to look at for ST. And 3 more pics are being posted to verify each levels more.

This is the trend line we broke at 2870 (posted earlier) and fell down at a greater speed. Its pegged at 2775 now.

5th wave projection from 5 minute chart.

two fib levels from different highs are meeting at same point,(above first one another convergence is there,but concentrating on 2803 unless its crossed) definitely a point to look at very closely.

2819 is my point of interest, above which some more strength can be expected, if not crossed then satda will............. pataalbhairavi (rectified)....something that sort.

 

[coolboy007]

Dow has rallied again , so some positive cues for our nifty.
Now hang seng bhai and Nikkei devi are our last hurdle , chal oyee

Hope that TRIN is right for nifty too.

 

[coolboy007]

Aree kamalesh ,

It was Pataal bhairavi yaar , that movie is yet in the making dont destroy the names

The Upmoves in Nifty has halted the direction as producer Satda is busy.

 

[pkamalesh]

As we see from the TL drawn from mid sep, The lower pivot highs touch the main trend lines only twice and then go lower.Assuming that we are still in the bear trend, if this assumption holds then we shouldnt close above the last brown TL and checking the vertical and horizontal intersections the close is around 2600..

Only an assumption..plzzzz do not take anything for granted...just wanted to check with seniors..

 

[orderflow13]

satyam..
5th wave projection gone above my head, where is 5th wave forming ?
another thing, what r ur view on this.. say we on day close at 4th wave in 5 min tf, then tomorrow can we consider continuation of wave from 4th ? time gap, sudden changes of sentiments during the gap etc.. those things ant disturbing the elliot principle ? as elliot waves r interpretation of crowd psyche, not anticipation of crowd psyche, then before market closing shouldnt our wave formation must close ?
i am just thinking loud here, i havent read anything regarding this, so thought ask u

 

[satyamsit]

satyam..
5th wave projection gone above my head, where is 5th wave forming ?
another thing, what r ur view on this.. say we on day close at 4th wave in 5 min tf, then tomorrow can we consider continuation of wave from 4th ? time gap, sudden changes of sentiments during the gap etc.. those things ant disturbing the elliot principle ? as elliot waves r interpretation of crowd psyche, not anticipation of crowd psyche, then before market closing shouldnt our wave formation must close ?
i am just thinking loud here, i havent read anything regarding this, so thought ask u

Bhaiya first of all i have taken one high-low swing , there from projecting 1.618 as the probable 5th wave tgt as 2817, as per the rule. we can very easily cross that whr a wave of a greater degree can start or this current wave can extend as well. we r nt at all interested of counting waves , but what we r trying to do is project some levels from the present price movement, and also trying to do some classical analysis based on trend lines like stuffs. if we come up with some levels which r getting confirmed by different tools , that particular level gets important (on the chart). in this case we got 2817 as projected tgt, and trend line resistance at 2819, fib retracement 2803 which r making this level worth watching. its fine if it crosses 2817, in that case we will brk the trend line also.. confirming the brkout. then will try to project next levels from other tools (like .618 of bigger price movements etc).on every brkout crossing a imp level brkout shud happen, as in this case an impending brkout can be expected above 2820 (rounding off).

NOTE : lowest support came at 2725 and u can see thats the first overhead resistance for this upmove and maximum inclined slope for the pre 2870 downfall. so we can expect sustaining 2725 can make it reaches upper targets/resistances upto 2820. above 2820 i'll expect fresh brkout.