Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Thursday, December 8, 2011

Scoring A Century:101st Post

Dear friends,
Scoring a century is a milestone. With your good wishes many more of these would be coming as the journey , howsoever tumultuous, is not only exciting but worth as well.
I wish to use this "pause" to thank my friend Nagraj for bearing me despite differences of opinion.
Also, I fondly remember my friend, philosopher & Guide RCG who occasionally appears here to take care of me as Lalu Prasad. Above all, stands my beloved Guru Wave Rider who instead of choosing a Preferred Count among the many probables, handles them beautifully through his "hedges" and not only "scalps" but makes "killings" as well. Wish I could trade like him.

I have been emphasizing very often that trading is different from analyzing.
So far this blog has concentrated on analyzing but being a trader, my analysis --unwittingly-- gets tilted towards market-prudence and some of my "purist" friends may find this blog and my analysis non-conformist( to say the least). Basic personality, cannot be helped.

As a trader, over a period, I have come to stage where MOMENTUM gets maximum weightage in my analysis and my choice of Preferred Count also must be reflecting that.
Now, before ending this post, let me mention something which is on top in my mind:
Nifty being a basket index of 50 stocks, any positional turnaround has to come after each of the participants gets properly aligned. It is akin to all the passengers getting seated and putting on their belts before the flight takes off. This is something that is called consolidation/accumulation/distribution in technical parlance. So never be in a hurry to initiate a trade as all positional turn-arounds/ cross-overs would take a pause to allow each of the index stocks to align themselves for the new journey. In our pre-inclined states of mind, we may miss even this pause,but how many times? So everyone's time will come, just keep the mind open & alert.

Raghu

15 comments:

  1. Dear Raghuji,
    Your contribution and style of presenting EW analysis is tremendous....only few people around have such qualities..I wish you every success

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  2. Even tho i am not a fan of EW, I find your writeups extremely illuminating. Thx.

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  3. Guruji - please - I think there is enough latitude in the wave principle itself that the joke that goes around is you get 12 Elliott Followers together and there will be 12 valid counts across various degrees.

    Wisdom of the team as a whole is far better than an individual opinion and we all chug along as one team. We take positions as per 'individual' preferred count and as good traders take a hedge. Many a time we end up giving up our core positions and continuing with the hedge - does it really matter as a trader which position increased trading equity?

    Wave Rider's principle is supreme for trading - control what you can control and that is risk! Rewards will follow.........

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  4. Mentioning disagreements should be no issue Naagi.
    It shows our ability to co-exist.
    We have come a long way together.And yes,our pockets are smiling---
    :-)

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  5. Dear raghu bhai,
    Accept my congrats!!! On your 101 post
    I have been reading all your and nag bhai post every day morning and i must tell you that all yours and nag bhais transcript have been v educative and has enchanced my knowledge and understanding of trade. And you putting me in fb group has further acknowledged me for learning from wave bhai sunny bhai shri bhai and other group members. Though v small trader but has helped to reduce the losses. thanks vishal.

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  6. raghuji,

    pls accept my best wishes. wish u many more decades of blogging, sharing and teaching

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  7. Super super LIKE.

    Standing ovation to you..........Remember you scored a century and still at the crease - Now go for the double and then break Viru's record of a triple and Lara's Quad.

    And once more can we try to get the itsy bitsy fractals of the move from 6339-5177 - I think that holdz the key to where we are headed :D

    Am back on the internet tomorrow after market hours.

    Cheerz and Luv

    WW

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  8. Thank You Raghu Ji,

    I am a silent follower of this blog and trying to learn the techniques trading from all the participants particularly yours and Mr Nagraj.

    I wish & pray that you both continue to share your knowledge with all of us as it is rare to find people of level of your knowledge sharing the same with all openly on a forum.

    Wish you all the best and continuation of this journey for a long long time to come.

    KRISHNA KISHORE J

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  9. Dear guruji,

    Apki lagan , nishta aur kabiliyat ka abhinandan jitna kare kam hein!

    You are an inspiration to many & ur mastery elevates WAVE SURFING from a mere method to an ART FORM.

    Pray for ur unprecedented success & may this blog become a shrine for the true "EW" bhakt :-)

    urs

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  10. Hi Raghu Ji,

    Love you!!

    What else do I say on this glorious century...letme try..

    "I dream of the day...when Raghu ji says tommorow market will fall by 100 points..Market should fall by 100 points"

    Cheerz

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  11. Dear Raghuji,

    Please accept my Congrats on your101 posts. My best wishes to you. Keep on blogging.

    Regards
    Suraj

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  12. Thanks to all my friends for their good wishes.
    Lets evolve together for handling the mkt moves in fruitful ways.
    Raghu

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  13. raghu sirji..... congrats and happy to know that you century is over with 101 still not out. great going.
    yours everyday's blog is a great informative for me. may shree krishna shower his blessings for you and your family.
    one humble request is that sunny had pulled me out of the group. if you can request him to reply buz he has to tell me my mistake. its one of the good group i came across. anyways may shree krishna bless him too. No hard feelings for anyone. regards K(MON)

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  14. congrats sir, keep up your good work !!

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  15. Dear Raghuvanshi ji,

    Pranaam

    May God Bless you with

    many more centuries like this in all other

    aspects of life too. May ur sense of humility,

    honesty, balance and readiness to accept and

    move forward with even more determination grow

    within you.

    Regards,

    Karjunan

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