shiv2798

Neck to Neck Trade

NSE:TORNTPOWER   TORRENT POWER
77 2 5
The stock is in Corrective wave B , which is very complex pattern of correction , the most important factor is to understand the end of the wave or termination of complex correction , During regular candlestick its really impossible to identify the complex correction system , but when we neglect time factor or when we switch to fixed price based trading , where the reversal and advance is fixed in the form of % or Points , here the default ATR value is 14 Period 9.01 Points , based on this information we can easily identify the possible up coming termination or end of the current trend , or start of new trend
R N Elliott did leave a very good principal of price movement in wave form , but due to complex behavior of traders and algorithmic trading have left their foot prints which are not easy to identify using candlestick , in order to identify proper direction with clear top and bottom we have to chose the tool which are price based not time based
Regards
Comment: Well i was Expecting the price to reverse near 298 and Price reversed at 294 , Now tell me for a second what kind of accuracy you want when chart is prepared way before 3 Months before, that too using Ranko Charting system , and Now you people have to think , if 90% of my charts work and 10 % dont work then there is some thing you all have to learn , and Most of the time I take out 1: 10 Profits in all my 90 % of trades so far i have done ,
THis looks great!. Thanks for the details of the indicator and trends.
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shiv2798 Einstein15
@Einstein15, You are wel come
Regards
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