iCharts Discussions

[AMBY]

You have simplified whole strategy,

3450-3580 (April).....are buy above and sell below levels......for 250-300 point move.

it means whichever side it breakout

[amitagg]

To follow up on previous post, As per price , it hit 3426 and then 3577 ( just 3 shy) so short SL have not been triggered. April

Closing above 3669 May today will mean bull to be confirmed if above 3750......
Seem longs can be trapped around 3700-3750 if unable to pierce
Short below 3590 critical level sustaining.......
Curren intra / short term mode : Sideways

One short fervour below 3450 (3590 ie yesterday's low of 3575) has been given.....

If big players going bearish.... This is excellent risk reward for sell

But data likely to be again positive meaning more confusion .... Difficult to enter into more than intra day timeframe trades.....

[AMBY]

THANKS FOR UPDATE.

[amitagg]

[amitagg]

If evening inventory data is bad, market shall fall through 3400-3425..........and would not give a positive whipsaw upside....... Which is used to do some weeks back despite poor data.......,

Anything above 5 M surge would mean a precipitous fall........

Cmp 3535

[amitagg]

for intra day today......

sell mode if below 3585........sell higher levels....with stop 3630....
buy mode above 3615........

profit booking.....3470/3497/3445.......if below 3513....as mentioned below in previous posts this low 3513 has still not been taken out......for shorts to be careful......

(positional sell if any, SL is 3665)......

if sustains below 3555, 3565, 3575.........means selling emerging and then these levels should be considered "top" of range......to target lower 3400 levels.....minimum.

[amitagg]

Intra stop worked. Now c m p 3565. Exit shorts
positional too bear not confirmed below 3513.
Bull cleared 5 points intra till pivot but not confirmed
trend is UP till moves down.. or sideways 3490-3710 for larger time frame.
Unable to count bullish waves..... only a b c X a b c formations still...... but closing above 3570 can still hit upper range.

Data just as expected app 5 M HENCE no breakout

[amitagg]

All in all no trade which is also good till trend clears OR resumes.

[AMBY]

CRUDE IS CONSOLIDATING ?
ANY UPDATE?
THANKS,

[amitagg]

Double bottom and 2X wave count for 5th of 3rd wave in progress hits 64 USD
1.618 hits 60.7
High has been 59.9

64 is preferred target.....
(BOF possible with high remaining at 59.9)........

Trade : Can "sell" 3970 June if see this level easily for 100-200 more points......at first hit......

Since 3rd a 4th decline shall ensue AFTER the above targets...... Counter rally to this 4th down shall determine 3rd was bear wave rally or if 5th shall form to start a new bull market from lows of 43...........

[AMBY]

THANKS FOR UPDATE,

[amitagg]

[AMBY]

THANKS FOR YOUR COMMENT ON 19/05/2015.

WTI CRUDE HIGH ON 06/05/2015 @ 62.57, NEXT LOWER HIGH O 13/05/205 61.83..
ANY SUGGESTION,

[amitagg]

No since price action continuously changes Prognosis and removes alternate EW counts. It's buy sell that matters not prediction since I cannot always follow my prognosis also.... Since it may be for longer tf than what I usually trade

Have been shorting twice thrice in 3795 region and booked.
Again shorted 3850 stop 3880......risky can hit

Basis sell on rise anticipation in previous mail......

[amitagg]