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  #31 (permalink)  
Old 25-03-2009, 02:17 PM
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Originally Posted by CreditViolet View Post
Even though I have discarded using EW as a method, studying its varying aspects has helped me to understand the "Vertical Aspect" of the market. Later on after studying MP - which is the 'Horizontal Aspect" has given a well rounded understanding of market behavior.

Guess some people might have trouble understanding it, trying to bring forth.
About approaching price, the two main concepts or positive&negative price feedback or initiative&responsive activity as explained in 'Steidlemayer On Markets'.

About fractal nature of markets, diversify your trading through different time frames and equity curve can be smoothened to good extent!

These approach are a part of strategy design and not tactics. Setups pertain to tactics and not strategy. Never met any pro trader so far who uses EW setups.
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  #32 (permalink)  
Old 27-03-2009, 08:24 AM
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Like always i may once again be fooled by Mkt regarding NALCO Fut Short with 241.60 SL .Mkt in general has turned Strong,hence chances of Short Roll Over is doubtfull.
Now the SL should be 238.65,rather may be a Double Qty Stop strategy may be better for me.
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  #33 (permalink)  
Old 27-03-2009, 10:35 AM
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NALCO Stop is surviving still now ,technically.
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  #34 (permalink)  
Old 28-03-2009, 11:34 AM
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So until now we can safely conclude :=

1)That to understand a near term (few weeks to months) Top or Bottom EW can guide us better than any other known Methodology.

(All contrary view is solicited).

Plz express.
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Old 28-03-2009, 07:43 PM
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How it hepls:=

Suppose i get a buy identification with any method for 2 stocks and i can buy only 1 there my basic knowledge of EW helps in catching the better one.

For example as per EW SBI is not going to show 891.50 Low in 2009
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  #36 (permalink)  
Old 28-03-2009, 08:02 PM
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Things to Discard.
......................................

As EW analysis depends more on Zig function ,which being Hind Sight based,many a times the Count gets distorted and the Signal (comfortably disappears after i take position) simply VANISHES.

As now Infy is in such stage (about to change),ICICI Bk has already shifted from Sell to Buy.
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  #37 (permalink)  
Old 28-03-2009, 09:09 PM
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Originally Posted by uasish View Post
Things to Discard.
......................................

As EW analysis depends more on Zig function ,which being Hind Sight based,many a times the Count gets distorted and the Signal (comfortably disappears after i take position) simply VANISHES.

As now Infy is in such stage (about to change),ICICI Bk has already shifted from Sell to Buy.



Is that what you mean ? Are you OK with Buy signal on ICICI .
Work has been inspired by your " Dont think twice indicator"

I am greedy.. want buy signal to appear a bar or 2 near the bottom
Ajax

Last edited by Ajax i4u; 28-03-2009 at 09:10 PM. Reason: typo
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  #38 (permalink)  
Old 29-03-2009, 11:24 PM
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You guys have mastered Ami,Karthik is specially noteworthy.
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  #39 (permalink)  
Old 30-03-2009, 03:33 PM
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http://www.inditraders.com/showpost....3&postcount=23

So it indeed could never cross 241.60 ,the Test Case is still going strong,now let us see whether this High is the last High or not in coming few weeks.
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  #40 (permalink)  
Old 31-03-2009, 03:24 PM
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What are to be taken from EW Method & What are to be Discarded

NALCO Fut is (-) 6.03 % now.
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