Elliot Wave Intraday Calculator - Analysis for 3rd Feb

radha55

Well-Known Member
#1
xxxxxxxxxxxx


3rd Feb 2011 recommendation were

Go Long at / above 5421.7. Keep Stoploss at 5416.27. Target 1 is 5455.43.
Go Long at / above 5434.59. Keep Stoploss at 5416.27. Target 2 is 5477.5.
Go Long at / above 5450.92. Keep Stoploss at 5434.59. Target 3 is 5505.49.

All Targets achieved.


Total Profit = 5505 - 5421 = 84 points.


Profit of 4000+ with one lot of Nifty.

How to use this system

1. This system can be used for both intraday and positional trading.
2. To use this system, you must enter the high, low and close for the time frame, you want to trade.
3. If you want to trade for a time period of one week, take the high,low and close of the last 5 days.
4. If you want to trade for a time period of one month, take the high, low and close of the last 30 days.
5. Similarly for one year.
6. In all above cases you take the closing price as closing price of previous day.
7. If you want to trade intraday, you should take the high, low and closing price for previous day.
 
Last edited by a moderator:

Similar threads