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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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Post: #241  Posted: Tue Jun 30, 2015 6:48 pm Post subject: |
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| amitagg wrote: | seems to give way.....bearish as per different systems...........however......harmonic can complete at 3706 and upmove may start.......3625 support can very well hold.....and it can be weekly / monthly sideways still...............cmp 3720.....
much depends on Greece result.....inventory data coming fabulous over so many weeks...........still believe upside potential more than down side (for positional players).......
intra day can trade basis fibo, patterns etc.
just for example yesterday it hit
3725......then 3795....so 70 points (X-A).....when seeing falling off....a
then 80% comes to 3738 (A-B) where buy order should be there.....retraced 50% (B-C) of 3795-3738 to 3771.........(C_D ongoing)
it is clear harmonic.....can judge....which animal !!! 
use gann fibo pivot channelling EW everything.....after we have seem direction as per systems to judge position sizing |
See comments above- cmp 3770. Avoided any shorts
Hourly sustaining above 3770-3780 shall target again 3915-3930
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Rahulsharmaat
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| Post: #242 Posted: Sat Jul 04, 2015 7:39 am Post subject: |
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As mentioned month back when crude was almost near 4000...that crude will see soon new low..tgat means below 2700..2650...I mean 42..n below 40....If it closes below 56 this time...
Already 3500
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mukundnikam
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Joined: 19 Dec 2014
Posts: 20
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| Post: #243 Posted: Sat Jul 04, 2015 11:03 am Post subject: Crude - Breakout, Target 49 USD |
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| Rahulsharmaat wrote: | As mentioned month back when crude was almost near 4000...that crude will see soon new low..tgat means below 2700..2650...I mean 42..n below 40....If it closes below 56 this time...
Already 3500 |
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amitagg
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| Post: #244 Posted: Sat Jul 04, 2015 4:41 pm Post subject: |
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| Rahulsharmaat wrote: | As mentioned month back when crude was almost near 4000...that crude will see soon new low..tgat means below 2700..2650...I mean 42..n below 40....If it closes below 56 this time...
Already 3500 |
Yes great to hear
Sustained break of 3500 reaches 3200 as per my projection easily
The break has been only for 3 days still.
It is only when the break comes that we can have directional trade and break after 35-40 sessions should be forceful.........
so timing of short trades earlier ( near support) would have been whiplashing which I was warning. I expected up break. Does not making any difference.
No trader should leverage on long side
Short opportunities shall come / are there.........for day traders usual SL can be hit on given day on both long and short side.
Look forward to your more guidance and projections.
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amitagg
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| Post: #245 Posted: Tue Jul 07, 2015 8:56 pm Post subject: |
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easy free fall low 3226...
bearish below 3350..
New target 3160
cmp 3280
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amitagg
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| Post: #246 Posted: Wed Jul 08, 2015 8:17 pm Post subject: |
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| amitagg wrote: | easy free fall low 3226...
bearish below 3350..
New target 3160
cmp 3280 |
Not able to clear 3350 decisively......
Giving 30–50 pointers (missed one taken one)
Yesterday also hit 3250-3260 and fell 3505
3350'was previous strong resistance and now sustaining below not intra but for few days may mean more down rather than up
Global developments can change price action and hence the prognosis.
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amitagg
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Posts: 4559
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| Post: #247 Posted: Thu Jul 09, 2015 3:27 pm Post subject: |
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crude is possibly in no trade zone today for intra day.
Since bullish above 3305-3325-3335.........resistance 3353 (not bullish till 3395 cleared for longer period) so stop at 3395 for any short position
bearish below 3280.....
cmp 3325.
it can go down to fill opening gap and then rise again....... just for today
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amitagg
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Posts: 4559
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| Post: #248 Posted: Thu Jul 09, 2015 7:53 pm Post subject: |
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as expected in morning post, bullishness continued.....went to 3397.....high was considered at 3395
H&S on charts intra breakdown target 3325....first already hit at 3340.....can go to 3335........
inability to sustain 3370 so current bearishness started for rest of the day
cmp 3346
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amitagg
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| Post: #249 Posted: Thu Jul 09, 2015 8:29 pm Post subject: |
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| amitagg wrote: | as expected in morning post, bullishness continued.....went to 3397.....high was considered at 3395
H&S on charts intra breakdown target 3325....first already hit at 3340.....can go to 3335........
inability to sustain 3370 so current bearishness started for rest of the day
cmp 3346 |
exact pattern target 3325 hit.....
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amitagg
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| Post: #250 Posted: Thu Jul 09, 2015 8:33 pm Post subject: |
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Now......keep selling the highs.....
since a squeeze in price happening over next few days.........no Stop required.....ie system far away stop.
it can break lows and recover
it can break highs or near highs and fall.
rapid intra trades over next 2 days....possible.
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amitagg
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| Post: #251 Posted: Thu Jul 09, 2015 8:52 pm Post subject: |
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| amitagg wrote: | Now......keep selling the highs.....
since a squeeze in price happening over next few days.........no Stop required.....ie system far away stop.
it can break lows and recover
it can break highs or near highs and fall.
rapid intra trades over next 2 days....possible. |
SELL 3385 -3415 stop 3465
BUY 3285-3265 stop 3220.
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amitagg
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| Post: #252 Posted: Thu Jul 09, 2015 9:22 pm Post subject: |
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| now an inverted H&S. since a price squeeze underway ........both types of H&S done intra day. target for inverted is 3395-3405......
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amitagg
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| Post: #253 Posted: Fri Jul 10, 2015 1:36 pm Post subject: |
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Read 2 posts below- target done , so shorted 3410 shall hold for 70-100 points
Stop 3440
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amitagg
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| Post: #254 Posted: Fri Jul 10, 2015 2:21 pm Post subject: |
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| amitagg wrote: | Read 2 posts below- target done , so shorted 3410 shall hold for 70-100 points
Stop 3440 |
Intra tendencies took over and booked part at 3370 for 40 points
Technically it may " show" support of 3350-3360 holding by if starts giving way, people who want short can short even below 3350 after 4-5 pm for quick easy 20-30 points
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amitagg
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Posts: 4559
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| Post: #255 Posted: Fri Jul 10, 2015 3:47 pm Post subject: |
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balance Trailed to cost since getting support from various methods etc........but my "intuition" is it shall break, since it gave a price squeeze yesterday.....question it the squeeze over at 3420 levels today or can kick till 3470.......
.....sustaining above 3410....will target 3470...but I shall not take bull trade liberally.
so holding balance short. cmp 3385.
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