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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #361  Posted: Thu Sep 24, 2015 10:32 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | how everything ties UP,
EW, harmonics, fibo.........part of same genus.....!!!
with AB=CD complete.......
its also harmonic in play
XA=2960/3210
AB= 3210/3004 (80%)
BC= 3004-3131 (61.8%)
CD = 3131/2922
so can "alternate EW" to 3020 (50% retrace....) and move around 2960-3000/3020................. cmp 2965
in bottom of range...........at 2945-2960 for couple of days
so preferably....NOW can play....Bollinger.....buy bottom and carefully sell top.....5tf |
done 20 points....captured 10 3tf BB  ....... |
then moved to 3000 exact and just fell to 2970-2974 .......did not trade short since analysis was updated......that's what meant by all timframes / systems being played out. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #362 Posted: Thu Sep 24, 2015 11:33 pm Post subject: |
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| thanks amit for your TA on crude..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #363 Posted: Fri Sep 25, 2015 7:26 pm Post subject: |
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boom.......3070......no intra short.......booked. can hit 3082/3115.....etc....
| amitagg wrote: | | amitagg wrote: | caveat.....there is a 5 wave minor from 2922.....it is C wave over completely......last time....I mentioned FIRST AND BEFORE at 2700....and it hit....3200...
need to see move above 3030 for that............ |
IMPUSLE STARTING UP.
2999 (5) -2922 (1) = 77 points.
wave 5 is .618 of this ....
3rd wave is largest from 2922.
wave 2 retraced extact 61.8% to 2957.
in wave 2; abc, c is 200% of a. wave 2 is also elongated ZIG ZAG so shows normal pattern of impulse.....
long.........as per EW.
have learned to respect price not analysis.....so watch and play your own style....direction is there..........
long stop can be ONLY 2922.
cmp 2985-2990 |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #364 Posted: Fri Sep 25, 2015 7:29 pm Post subject: |
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| THANKS, |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #365 Posted: Fri Sep 25, 2015 7:40 pm Post subject: |
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....I captured only 20 points today in two stages above 3030.......yesterday could have been whipsaw day for most but much better for me...
sustaining above 3080 next week would target 3145/3170.......
that shall decide whether C wave up of smaller B..... which can end HERE also
or 5 wave starting 2922...........to target above 3350.... |
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amitagg
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Posts: 4559
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| Post: #366 Posted: Fri Sep 25, 2015 8:00 pm Post subject: |
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| amitagg wrote: |
....I captured only 20 points today in two stages above 3030.......yesterday could have been whipsaw day for most but much better for me...
sustaining above 3080 next week would target 3145/3170.......
that shall decide whether C wave up of smaller B..... which can end HERE also
or 5 wave starting 2922...........to target above 3350.... |
seems IMPULSE STILL ongoing.......
now in 4th wave......so shall be sideways......... can retrace to 3025....cmp 3056......high 3082...... then 5TH MAY unfold above 3082.....to .....calculate target.!!!
3rd from 2968-3080 was 1.618 aprox of wave 1.......and 5 wave pattern vivisble in 3rd also........
so more uptrend left....after consolidation. 3025-3085.......if starts breaking 3085....look for 3135 then 5th wave to calculate |
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amitagg
Black Belt
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Posts: 4559
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| Post: #367 Posted: Fri Sep 25, 2015 8:07 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: |
....I captured only 20 points today in two stages above 3030.......yesterday could have been whipsaw day for most but much better for me...
sustaining above 3080 next week would target 3145/3170.......
that shall decide whether C wave up of smaller B..... which can end HERE also
or 5 wave starting 2922...........to target above 3350.... |
seems IMPULSE STILL ongoing.......
now in 4th wave......so shall be sideways......... can retrace to 3025....cmp 3056......high 3082...... then 5TH MAY unfold above 3082.....to .....calculate target.!!!
3rd from 2968-3080 was 1.618 aprox of wave 1.......and 5 wave pattern vivisble in 3rd also........
so more uptrend left....after consolidation. 3025-3085.......if starts breaking 3085....look for 3135 then 5th wave to calculate |
fell 30 points in one minute after my post.......3028
wait and watch if holds. 3025. can buy "small" at 3030 stop 3000 if already in profit......leveraging profit.! |
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amitagg
Black Belt
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Posts: 4559
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| Post: #368 Posted: Fri Sep 25, 2015 8:17 pm Post subject: |
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amendment....now intra book 10-15 points .. cmp 3045....sideways can be for next 3 hours.....may hit 3008.....and end at 3030.....if bearish......else....at 3070 if bullish ......(gaps I cannot predict)
now trade as per own system....bye |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #369 Posted: Fri Sep 25, 2015 8:47 pm Post subject: |
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| THANKS FOR FRESH REVIEW. WHAT WILL BE S. L FOR LONG AT 3020? |
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amitagg
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| Post: #370 Posted: Fri Sep 25, 2015 8:50 pm Post subject: |
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one way to number is 3,3,5 from 2922....in that case......move below 2967 shall confirm that it was not impulse but corrective.
since 4th what we believe from todays 3080 we need to see happens in 5 waves or a triangle is formed...........if 5, then likely 2967 breach.........possibly 2985. |
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amitagg
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Posts: 4559
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| Post: #371 Posted: Fri Sep 25, 2015 8:55 pm Post subject: |
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| AMBY wrote: | | THANKS FOR FRESH REVIEW. WHAT WILL BE S. L FOR LONG AT 3020? |
play with 3013-3028-3043..........SL 3020 cost........first trade already played itself out......u may be late in entry........ now 4th going on.....so can hot 3008 / 2993 as mentioned..........below already.......
long trade has already closed at 3060/3070 as mentioned then and there ("booked") .....now only creaming left.! both ways as per own system.... |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #372 Posted: Mon Sep 28, 2015 6:58 pm Post subject: |
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amit,
now long or short??? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #373 Posted: Mon Sep 28, 2015 7:39 pm Post subject: |
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[quote="amitagg"]one way to number is 3,3,5 from 2922....in that case......move below 2967 shall confirm that it was not impulse but corrective.
since 4th what we believe from todays 3080 we need to see happens in 5 waves or a triangle is formed...........if 5, then likely 2967 breach.........possibly 2985.[/quote
it hit 2666 and moved up 40 points. level has meaning
just like entry is done on retrace need to see whether gives way
till then don't form a view
below 2953 it should be sell...... |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #374 Posted: Tue Sep 29, 2015 6:19 pm Post subject: |
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| crude touched exactly 2953 and moving up, whats next...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #375 Posted: Tue Sep 29, 2015 6:57 pm Post subject: |
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| manojkr78 wrote: | | crude touched exactly 2953 and moving up, whats next...... |
Yes again hit 50 points up..... But possible that 2953 would break .... When it wants to break I would not go long excep some who would have already entered and exited......
I would not buy supports since it is in corrective seemingly ....one more move below 2953 shall confirm.... May be actually confirmed below 2966 yesterday.
In side corrective it is taking many patterns and hence cannot ride a trend..... Also in corrective it gives x wave spikes up which traps Bulls ....
But double corrective getting over ....below 2953 to 2880/2790 can again mean it can go up.... It can also form one immediate x wave up spike and dart with another corrective..... Less likely though
It's not the best commodity to trade in recent weeks......with sideways pattern people can never anticipate....
If support 2919/2953/2966 holds, Would watch before it clears 3040 and sustains and then only would decide whether it can be long..... |
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