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amitagg
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Joined: 01 Oct 2013
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Post: #181  Posted: Fri Apr 10, 2015 12:17 am Post subject: |
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Now positional long can be taken above 3260 (approx) on 15 mins.......
Cmp 3191
( inability to hold above 3240 should NOT be considered bullish overall)
Short is out for me tomorrow. ( assuming no gap down in which case position shall be revisited intra day)
For intra day if one still prefers going long at lows of last 2 days considering sideways behaviour for 2 more days left, stop should be 3125.
As always actual price intra day behaviour can alone save from whipsaws......
Multiple trend line support shall kick in and also breakout from down trendline of past few weeks triangle formations, along with "reversal" of " false upside breakout" which is " bullish" if above 3260-3280........ April |
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amitagg
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Joined: 01 Oct 2013
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| Post: #182 Posted: Fri Apr 10, 2015 6:46 pm Post subject: |
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| amitagg wrote: | Now positional long can be taken above 3260 (approx) on 15 mins.......
Cmp 3191
( inability to hold above 3240 should NOT be considered bullish overall)
Short is out for me tomorrow. ( assuming no gap down in which case position shall be revisited intra day)
For intra day if one still prefers going long at lows of last 2 days considering sideways behaviour for 2 more days left, stop should be 3125.
As always actual price intra day behaviour can alone save from whipsaws......
Multiple trend line support shall kick in and also breakout from down trendline of past few weeks triangle formations, along with "reversal" of " false upside breakout" which is " bullish" if above 3260-3280........ April |
SL level of 3125 has held well ( low 3132) and risen 40 points twice for any longs taken today........giving opportunity to exit at cost.......cmp 3160
It is now bearish for today below 3125. stop then would be 3187 today high and SAR for Rahul long trade....... |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #183 Posted: Fri Apr 10, 2015 7:56 pm Post subject: |
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| THANKS FOR UPDATE. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #184 Posted: Fri Apr 10, 2015 11:16 pm Post subject: |
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| thanks... |
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modifan
White Belt
Joined: 10 Feb 2015
Posts: 19
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| Post: #185 Posted: Sun Apr 12, 2015 9:54 pm Post subject: |
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Amit,
I recently got interested in trading commodities. You trade only crude i guess. And your reading of crude price is brilliant.
I many of your posts you talk about Rahul's method. Could you kindly explain the setup ?
Thanks |
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amitagg
Black Belt
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| Post: #186 Posted: Tue Apr 14, 2015 11:37 am Post subject: |
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I expect that "even if" May bounces to 3500....cmp 3408 ( equi. 3275 april).....
with 50 point filter, "despite" break of H&S OR Double bottom visualised (latter by me earlier), before rallying , it shall cool off possible 200-300 points minimum ..........
that is I don't expect V shaped recovery or two DB but multiple basing for longer time frame............with expected targets of USD 65, 3900 etc. etc to be achieved....later. |
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amitagg
Black Belt
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| Post: #187 Posted: Thu Apr 16, 2015 11:00 am Post subject: |
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Have been busy over the past week or so and unable to trade / post
Taken meagre shorts at 3625 ( equi 3530) today......to double up at 3700 (may)...... It can rise to 3750 (may) where first resistance real comes ....if sustains above 3530 (April)
3750 (may) is for me entire next months resistance.......
3530 completes AB=CD where wave C equals wave A
Since I am still counting the up move as BEAR rally ..,,, since seeing abc X abc formations and not a clear 5 wave impulse ......
Otherwise it can also rise to 1.618 for C wave which would mean "resistance " at 3530 shall clear.......
Also 3530 is supply level on multiple time frame as well and little above 3480 level the previous top SSSS ( approx) ....
Contra trend meagre qynt tests patience...... Crude can move slightly up to take the final short SLs which would be placed a little above 3530 ( April) say 20-30 points and fall below 3480 to 3415 (April) as first target and then 3330 ( calculate equi may targets as 100 points above each) |
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AMBY
Yellow Belt
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Posts: 503
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| Post: #188 Posted: Thu Apr 16, 2015 11:15 am Post subject: |
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THANKS A LOT ,
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amitagg
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| Post: #189 Posted: Thu Apr 16, 2015 5:40 pm Post subject: |
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Booked 70 points
Now shall trade Rahul if low goes  |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #190 Posted: Thu Apr 16, 2015 5:58 pm Post subject: |
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YES,
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amitagg
Black Belt
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| Post: #191 Posted: Thu Apr 16, 2015 11:16 pm Post subject: |
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| amitagg wrote: | Booked 70 points
Now shall trade Rahul if low goes |
In fact Rahul long triggered and could have given 25 points ..... Did not trade..... end of day
Crude breaking out .....still 100 point steam left ..... Cmp 3650 May. 3750 possible.
Still Shall trade only intra day basis ....on long now.... If at all triggers
Since any adverse data shall pull it back drastically...... |
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amitagg
Black Belt
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Posts: 4559
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| Post: #192 Posted: Thu Apr 16, 2015 11:21 pm Post subject: |
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| amitagg wrote: | Have been busy over the past week or so and unable to trade / post
Taken meagre shorts at 3625 ( equi 3530) today......to double up at 3700 (may)...... It can rise to 3750 (may) where first resistance real comes ....if sustains above 3530 (April)
3750 (may) is for me entire next months resistance.......
3530 completes AB=CD where wave C equals wave A
Since I am still counting the up move as BEAR rally ..,,, since seeing abc X abc formations and not a clear 5 wave impulse ......
Otherwise it can also rise to 1.618 for C wave which would mean "resistance " at 3530 shall clear.......
Also 3530 is supply level on multiple time frame as well and little above 3480 level the previous top SSSS ( approx) ....
Contra trend meagre qynt tests patience...... Crude can move slightly up to take the final short SLs which would be placed a little above 3530 ( April) say 20-30 points and fall below 3480 to 3415 (April) as first target and then 3330 ( calculate equi may targets as 100 points above each) |
3530+30=3560 short term final bear players would be out now........
So next 2 days should decide whether the up move we are witnessing is real.
Obviously while one conjectures and hopes, the juice of the rally goes out  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #193 Posted: Fri Apr 17, 2015 8:36 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Have been busy over the past week or so and unable to trade / post
Taken meagre shorts at 3625 ( equi 3530) today......to double up at 3700 (may)...... It can rise to 3750 (may) where first resistance real comes ....if sustains above 3530 (April)
3750 (may) is for me entire next months resistance.......
3530 completes AB=CD where wave C equals wave A
Since I am still counting the up move as BEAR rally ..,,, since seeing abc X abc formations and not a clear 5 wave impulse ......
Otherwise it can also rise to 1.618 for C wave which would mean "resistance " at 3530 shall clear.......
Also 3530 is supply level on multiple time frame as well and little above 3480 level the previous top SSSS ( approx) ....
Contra trend meagre qynt tests patience...... Crude can move slightly up to take the final short SLs which would be placed a little above 3530 ( April) say 20-30 points and fall below 3480 to 3415 (April) as first target and then 3330 ( calculate equi may targets as 100 points above each) |
3530+30=3560 short term final bear players would be out now........
So next 2 days should decide whether the up move we are witnessing is real.
Obviously while one conjectures and hopes, the juice of the rally goes out |
watchout (3530 resistance playing important role) .....so first day goes for "bear"....if close below 3520-3530 (april).......
second day - Monday also expiry.....and OPEN on Tuesday would kill the trend....................for next 300-400 points one side only....!!!!!
cmp 3517 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #194 Posted: Fri Apr 17, 2015 8:43 pm Post subject: |
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| further to below post, also over next 1-2 days, I expect 100 point "gap" opening..................since smart money would initially whipsaw or create doubt before carrying the trend...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #195 Posted: Fri Apr 17, 2015 8:51 pm Post subject: |
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| amitagg wrote: | | further to below post, also over next 1-2 days, I expect 100 point "gap" opening..................since smart money would initially whipsaw or create doubt before carrying the trend...... |
as of now, I would expect a downmove rather than up........had mentioned more than few days back and 3500 level although gives a double bottom break and also in nymex buy I expect down to restest support at 3330-3380...more likely 3380 minimum (equi 3490 may cmp 3625).....before next move..........
current mode however; breakout long has happened and "consolidating"........
3450-3580 (April).....are buy above and sell below levels......for 250-300 point move.
there shall be hurdles on way down and no hurdles on way up
at the same time, move down I what I look more likely.........IF today's closing is around current levels below 3520 preferably, or 3530. |
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