Intraday Trading with Elliot Wave

[radha55]

Hi All,

I found one more method of doing intraday trading based on Elliot Wave.

I tried this today for the first time for TataSteel.

I entered the previous day high, low and close at

http://pivottrading.50webs.com/pivot/pivot/elliot.html

I got the message to buy TATASTEEL at 562 for a target of 579.

TATASTEEL hit high of 582.

Will watch out more whenever i get time.

 

[radha55]

Elliot Wave Calculation

Calls given yesterday based on this strategy.

Go Long at / above 4740.1. Keep Stoploss at 4735.35. Target 1 is 4772.03.
Go Long at / above 4752.3. Keep Stoploss at 4735.35. Target 2 is 4792.93.
Go Long at / above 4767.77. Keep Stoploss at 4752.3. Target 3 is 4819.43.

Target 2 and Target 3 were achieved today.