Wolfe Waves

[santhosh2010]

Correlation(14 days) for pair traders

ADANIENT-ADANIPORTS=0.986
ADANIENT-NIFTY=0.969
ADANIENT-DLF=0.954
ADANIENT-CNXIT=0.952
ADANIENT-JPPOWER=0.943
ADANIENT-ICICIBANK=0.942
ADANIENT-INFY=0.942
ADANIENT-KTKBANK=0.941
ADANIENT-CROMPGREAV=0.938
ADANIENT-TATAMOTORS=0.934
ADANIENT-JINDALSTEL=0.933
ADANIENT-UCOBANK=0.932
ADANIENT-IBREALEST=0.931
ADANIENT-RELIANCE=0.93
ADANIENT-TATAMTRDVR=0.929
ADANIENT-TECHM=0.924
ADANIENT-ASHOKLEY=0.924
ADANIENT-HDFCBANK=0.919
ADANIENT-PTC=0.918
ADANIENT-BANKBARODA=0.914
ADANIENT-TATASTEEL=0.913
ADANIENT-MCLEODRUSS=0.913
ADANIENT-BANKNIFTY=0.904
ADANIENT-RELINFRA=0.904
ADANIENT-JPASSOCIAT=0.902

 

[bapu4]

Hi Santosh !!
Can u plz elaborate the data of correlations of Adanient with various scrips !
What is the application that u intend at ?

Rgds !!

 

[bapu4]

Right. My bad. Point 4 should be between 2 & 3.

But let's look at it another way, use different pivots. Maybe point 5 has already formed and we are on our way down to 5600

Again, time symmetry is missing, but the pattern is more vivid.

.

If this pattern is true, then we are looking at 5600 in next 10-12 sessions. Taurus1 should be happy

Hahaa !!
Hey but i had given the same formation earlier !!
See the post again !!
This is the link for my post :
http://www.traderji.com/technical-analysis/4674-wolfe-waves-133.html#post882758

But i feel that the 2nd setup that i have given looks more symmetrical in time and formation !!

I also request other experienced members to give their valuable inferences from the 2 setups of wolve waves in nifty daily chart !!

Rgds !!

 

[bapu4]

Hey TP !! Can u plz tell me if u know, what is the meaning rather interpretation of corelations that Santosh has given ??

 

[timepass]

Hey TP !! Can u plz tell me if u know, what is the meaning rather interpretation of corelations that Santosh has given ??

sorry boss. This pair trading is something complicated. There are 2-3 threads on Tj about it but I don't understand it.

 

[bapu4]

sorry boss. This pair trading is something complicated. There are 2-3 threads on Tj about it but I don't understand it.

Hey Tp !! Can u provide me those 2-3 thread links on pair trading !! Let me try to understand !! If something clicks me ,i'll share it !! Lets give it a try !!

rgds !!

 

[timepass]

Hey Tp !! Can u provide me those 2-3 thread links on pair trading !! Let me try to understand !! If something clicks me ,i'll share it !! Lets give it a try !!

rgds !!

This thread by GuluGulu was the most active in this regard.

and some others.

http://www.traderji.com/trading-diary/90117-my-jumbo-combo-safe-way.html
http://www.traderji.com/advanced-trading-strategies/78609-pairs-trading.html
http://www.traderji.com/amibroker/72878-assistance-required-coding-pairs-trading-afl.html

Hope you find something useful in there. I am zero in this matter.

 

[bapu4]

Correlation(14 days) for pair traders

ADANIENT-ADANIPORTS=0.986
ADANIENT-NIFTY=0.969
ADANIENT-DLF=0.954
ADANIENT-CNXIT=0.952
ADANIENT-JPPOWER=0.943
ADANIENT-ICICIBANK=0.942
ADANIENT-INFY=0.942
ADANIENT-KTKBANK=0.941
ADANIENT-CROMPGREAV=0.938
ADANIENT-TATAMOTORS=0.934
ADANIENT-JINDALSTEL=0.933
ADANIENT-UCOBANK=0.932
ADANIENT-IBREALEST=0.931
ADANIENT-RELIANCE=0.93
ADANIENT-TATAMTRDVR=0.929
ADANIENT-TECHM=0.924
ADANIENT-ASHOKLEY=0.924
ADANIENT-HDFCBANK=0.919
ADANIENT-PTC=0.918
ADANIENT-BANKBARODA=0.914
ADANIENT-TATASTEEL=0.913
ADANIENT-MCLEODRUSS=0.913
ADANIENT-BANKNIFTY=0.904
ADANIENT-RELINFRA=0.904
ADANIENT-JPASSOCIAT=0.902

Dear Gandhar Bhai !!
I see that , point 5 has gone much below the 1-3-5 line !! There are many candles below 1-3 trendline !! Do u subscribe to the validity of this wolfe wave ??
Other experts also can comment on this including Santosh !!
God bless u !!
Regards !!

 

[santhosh2010]

Timepass its a valid wolf wave???... plz conform

 

[timepass]

Timepass its a valid wolf wave???... plz conform

Looks valid. But check with volumes. There should be a volume spike at 3 & 5 i.e. their volumes should be higher than the neighbouring bars.