CMP: 5289.7
Total Respect Senor ~ Fibbonacci. What a gift u hv given to the Trading world :-)
Amazed at the Robustness of 34EMA,30 mins today.... No words shall suffice --> SALUT` FIBBO !
Went LONG Intra-day @ 10:58 AM today morning with NS @ 5240, SL: 20 pts , backed by:
1. Lifo-Fibbo : price closing > 34EMA,30mins (5233) @ 11:00AM
2. Developing 5HrEMA -10HrEMA BULL X-over @ close > 5240 11:00AM
3. Price was continually closing > 5hrLEMA (ruffly @ 5200-5205 range, till 11:00 AM)
4. On EOD t/f, Developing 5DEMA was gonna change sign of (dy/dx) @ 5240 !
RESULT:
1. The Lifo-Fibbo + SMO SAR system gave a CLEAN High Probability Entry Pt @ 11:00AM.
2. Within the next 5 mins NS had scaled 5293 , giving a clean 53 pts move in 5 mins !
Booked 45 pts &, and then re-entered LONGS @ 13:00 noon @ 5249
becoz:
1. Price closed > 34EMA, 30mins (5236.3)
2. Direction of 5HrCEMA after 11:00Am had NOT CHANGED (no change in dy/dx on Hrly T/f)
3. Price closed > 5hrLEMA (5221)
I am now trailing this Intra-day LONG opened on Hrly T/f since I see the Trend MORPHING into a SWING LONG
Q: Y so ?
Ans:
1. EOD close way way > 5240 (confirms a signifcant change in dy/dx of 5DEMA)
2. Price closed >> 5HrHEMA (5280)
See the META-MORPHOSIS of Trend....
1. For the first 5 trading hrs, price was knocking upwards, but not closing > 5hrHEMA (yet always bubbling above 5hrLEMA)
2. In the last 2 hrs , after 13:00 hrs, it closed > 5hrHEMA, implying --> GAINING LONG TREND !
SMO SAR VERDICT:
SMO SAR EOD = 5272
1. Close bang on Upper TL (trendline) = 5290 ... knocking @ the ceiling
2. 5DEMA has changed dy/dx @ close way way >> 5240
3. V close to 5-10DEMA BULL x-over to TRIGGER SWING LONGS (will get the x-over even if we close tomo lower @ > 5272 !!!)
4. On Weekly charts, we will get a FLAG / Falling WEDGE Break-out tomo on EOD close > 5280-5290
Tgts for Flag Break-out
T1: Flag height = 5290 + 410 = 5700
T2: Pole height = 5290 + 1100 = 6390 !!! ...wallaah habbibi ;-D
For tomo:
Supports : 5260 / 5280
Resistances: 5334 -5365 / 5491
Am carrying LONGS Re-created On Hrly t/f @ 5249 , and hope to see a close > 5272 tomorrow that will morph my trade into a POSITIONAL LONG
Jai Ganesh, Jai Maharashtra, Jai Hind , cheers ;-)
Total Respect Senor ~ Fibbonacci. What a gift u hv given to the Trading world :-)
Amazed at the Robustness of 34EMA,30 mins today.... No words shall suffice --> SALUT` FIBBO !
Went LONG Intra-day @ 10:58 AM today morning with NS @ 5240, SL: 20 pts , backed by:
1. Lifo-Fibbo : price closing > 34EMA,30mins (5233) @ 11:00AM
2. Developing 5HrEMA -10HrEMA BULL X-over @ close > 5240 11:00AM
3. Price was continually closing > 5hrLEMA (ruffly @ 5200-5205 range, till 11:00 AM)
4. On EOD t/f, Developing 5DEMA was gonna change sign of (dy/dx) @ 5240 !
RESULT:
1. The Lifo-Fibbo + SMO SAR system gave a CLEAN High Probability Entry Pt @ 11:00AM.
2. Within the next 5 mins NS had scaled 5293 , giving a clean 53 pts move in 5 mins !
Booked 45 pts &, and then re-entered LONGS @ 13:00 noon @ 5249
becoz:
1. Price closed > 34EMA, 30mins (5236.3)
2. Direction of 5HrCEMA after 11:00Am had NOT CHANGED (no change in dy/dx on Hrly T/f)
3. Price closed > 5hrLEMA (5221)
I am now trailing this Intra-day LONG opened on Hrly T/f since I see the Trend MORPHING into a SWING LONG
Q: Y so ?
Ans:
1. EOD close way way > 5240 (confirms a signifcant change in dy/dx of 5DEMA)
2. Price closed >> 5HrHEMA (5280)
See the META-MORPHOSIS of Trend....
1. For the first 5 trading hrs, price was knocking upwards, but not closing > 5hrHEMA (yet always bubbling above 5hrLEMA)
2. In the last 2 hrs , after 13:00 hrs, it closed > 5hrHEMA, implying --> GAINING LONG TREND !
SMO SAR VERDICT:
SMO SAR EOD = 5272
1. Close bang on Upper TL (trendline) = 5290 ... knocking @ the ceiling
2. 5DEMA has changed dy/dx @ close way way >> 5240
3. V close to 5-10DEMA BULL x-over to TRIGGER SWING LONGS (will get the x-over even if we close tomo lower @ > 5272 !!!)
4. On Weekly charts, we will get a FLAG / Falling WEDGE Break-out tomo on EOD close > 5280-5290
Tgts for Flag Break-out
T1: Flag height = 5290 + 410 = 5700
T2: Pole height = 5290 + 1100 = 6390 !!! ...wallaah habbibi ;-D
For tomo:
Supports : 5260 / 5280
Resistances: 5334 -5365 / 5491
Am carrying LONGS Re-created On Hrly t/f @ 5249 , and hope to see a close > 5272 tomorrow that will morph my trade into a POSITIONAL LONG
Jai Ganesh, Jai Maharashtra, Jai Hind , cheers ;-)
Hi SMO
ReplyDeleteOne interesting thought just came to me thought of sharing with u
Ihad labelled the move from 5183.50 as
1 5183.50 - 5293.40
2 5293.40 - 5222.15
3 5222.15 - 5342.00
4 5342.00 - 5293.45
Now as per rule 4 should not enter the region of 1
So if tmrw opening hour low is below 5293.45 the above labeling is invalidated ???
Wt u say
hi Sameer:
ReplyDeleteDespite my repeated requests, u keep discussing EWT wid me
EWT is a NO-NO for me for TRADE SET UPS, I see its use for LONG TERM INVESTMENT CYCLES.
Yet to honour ur Q , let me confuse u thoroughly....I see 4 alt EW counts .. ye lo !
CASE1:
Minor B as expanded Flat
A 5629 5171 -458
B.a 5171 5499 328
B.b 5499 5136 -363 -110.7%
B.c 5136 5666.704 530.704 161.8%
Case 2:
A 5629 5136 -493
B.a 5136 5379 243
B.b 5379 5183 -196 -80.7%
B.c 5183 5333.174 150.174 61.8% (min for irregular Flat done , ideally c=a , shud do = 5426)
Case 3:
CT 3-3-3-3-3 ending @ 5183 & BIG Wave C starting up
Case 4:
A 5629 5171 -458
B.a 5171 5499 328
B.b 5499 5136 -363 -110.7%
B.c 5136 5379 243 74.1%
C.a 5379 5183 -196
C.b 5183 5242 59 -30.1%
Here C is playin out an ED !!!
NOW U TELL ME WHICH ONE IS RIGHT ;-)
@ Sameer:
ReplyDeleteFor daily EW counting, there are other guys doing it.
My time is ltd & i want to focus on my SKILL.
henceforth all queries on "probable" EW counts, may pls be directed @ other blogs.
PLS KEEP ME OUT OF SUCH SHORT TIME FRAME EW lables pls, sincere request
rgds