Approaching Market With Elliot wave Analysis

posted by kalyan on Tue Jun 12, 2012 12:23 pm

its longterm alternate count in adget. though lebeling still not come in 5th but subwave 2 of 5 th nearing completion. well will put original count as per adget. will post the daily today

posted by saamuu on Tue Jun 12, 2012 12:55 pm

stratergy 13.6.12 expanded flat became common in indian market .where as in world market its very few. ok coming to the point. 5158 breaks then we have to change the wave count. i guess still 3rd wave not yet started,till 5158 not taken out expanded flat correction valid upto 5030/4993, today we have lost 10 pts in short near 5074 exited break of 5084,reducing the 10 pts from overal gain 90 pts,net 80 pts, Image

posted by mats on Wed Jun 13, 2012 03:25 am

Hello Saamu, thanks for the charts & guidance. Just wanted to know how do you calculate the value for Length & which value do you take for high.

posted by saamuu on Wed Jun 13, 2012 05:24 am

mats its displayed in charts. the length of the engulfing candle is 115 pts, and middle point =high+low/2 targ1=high or low +(length/2) targ2=high or low +length

posted by mats on Wed Jun 13, 2012 05:36 am

thanks saamu

posted by saamuu on Wed Jun 13, 2012 07:06 am

HOW TO TRADE ENGULFING, step1 :trade near midpoint or high/low of the engulfing. step2 : trading on breaokout ENG stop is few ticks below midpoint targ1=lenght/2+high :targ2=lenght+high :stop is few ticks below midpoint. step3:opens near high of engulf then short with stop of engulf high targ1=midpoint targ2=near engulf low and vice versa Image

posted by saamuu on Wed Jun 13, 2012 07:54 am

thanks dear manoj,credit goes to him and r.n.elliot

posted by saamuu on Wed Jun 13, 2012 08:02 am

[i]stratergy for 14.6.12 ending diagonal wave5 shows still wave 5 not yet completed. 5063 break will confirms the ending diagonal pattern towards 5036(d wave), at the same time takes support at 5063 and breaks 5168 in force .conclude it as wave 3 started, how to trade this? selling signal occurs short it first for 5063 with trail. we will see price action at 5063 closely. on top dont do anything,we may miss some pts in rally never mind let it be ,once we get confirmation then it would be super move pts we will make[/i] Image

posted by saamuu on Wed Jun 13, 2012 08:15 am

positional BUY bhel near 211 stop 194 tar 245/268(wave 5 completed in downside may be new uptrend)

posted by ajit on Thu Jun 14, 2012 02:45 am

thanks sir for posting and ur valuable guide

posted by nandakumar on Thu Jun 14, 2012 05:32 am

Good work saamuu. Keep it UP. NP will get some more knoweldge from your EW chartrs. Good for small traders

posted by saamuu on Thu Jun 14, 2012 06:12 am

thanks friends

posted by saamuu on Thu Jun 14, 2012 08:17 am

Stratergy for 15.6.12 nifty trailing worked well from 5124 to 5063 and also halted at our D wave level 5036 low made 5047, made some 60 pts in the mean while.ok now whats next, initiate long with stop of 5021 (15pts stop),break then dont hesitate to book ,come out of trade and again initiate long near 4994 with stop of 4984 (10 pts), trade long till 4984



posted by anirbang on Thu Jun 14, 2012 09:01 am

Thanks a lot Saammuji for your guidance with chart.

posted by mats on Fri Jun 15, 2012 11:08 am

Saamu, very good levels

posted by saamuu on Sun Jun 17, 2012 07:31 am

thanks guys

posted by saamuu on Sun Jun 17, 2012 07:39 am

Stratergy for 18.6.12 as we planed 5168 would be the wave e complete area.try to book long and initiate short with stop 5184, in the morning session without touching 5168 nifty retraces lil bit to 5115 near ranges initiate long with stop 5084 for tar 5168 and do double shorting as mentioned before,initial targ 5094/5018Image

posted by dharma on Mon Jun 18, 2012 03:31 am

Dear Sammu, This 5149 no is 80% retracement of the fall.Pls guide Regards, Dahrmendra

posted by saamuu on Mon Jun 18, 2012 03:55 am

5045 have broken so the retracement level would change i believe dharmendra.lets calculate now

posted by dharma on Mon Jun 18, 2012 04:48 am

Dear Saamu, Thanks for your post.What is this 5115 no related to.Pls explain