iCharts Discussions

[amitagg]

Reinstated booked at 2497

[amitagg]

TSL 2490 (90 points)
Balance 50 percent overall after re instalment already gave 60+10 =70 points

Can hit 2527/37/2575
Cmp 2513

[udaysahai]

Amitji,
Is NatGas a buy now? recovered from a low of 109.00, your views now.
Thanks and best regards...

[amitagg]

[amitagg]

[udaysahai]

Thanks a lot Amitji...

[amitagg]

W pattern in crude

True but 2293-2340 is value area where retrace can go to to exit the longs.....
Cmp 2460

2502-2530-2565 resistance and 2455 ( current cmp) /2420 /2340 support

Break above 2505 while holding Friday low would mean rise to 2560

Then either it fall to target 2340--2925 as said above to breaks higher to form the W pattern.......

Can't say

Note that for Ichimoku the clouds going to vanish in next few days and a new trend shall emerge.......

The rise from lows was "corrective" but even an ABC coredtive can hold 1800-2000 etc .... In this wave down to target higher levels of 49/56 USD

It's best to trade signal to signal basis as per ur system and current trend is Down.

It may go sideways for 50-70 points first 3 days of the week and form as Narrow range and then try to break either direction....

Pivots are down

TrendlineS are not broke.n Up...... Even the most slanting one.....
So trading counter trend is futile this juncture..... Except when system as per one's own allows intra day

[amitagg]

below 2355 will be another breakdown to target 2339/2293
otherwise "good level" now CMP 2375-80 to consolidate and give a bull pullback rise.......

its holding the "bottom" channel as of now on downtrend channel

+ holding up trendline from lows......

'in May contract

so can be sideways to 'intra up'].......

it may be in 2293-2393 range for some time.....before deciding direction.

if want to "long" as per intra system of one's own can do that after 2-3 hours if holding 2355....stop can be 2362 if buy above 2380....etc. even if trade goes.....to wait for breakdown below 2355.

it would be sideways for the day;

[amolmails]

Amitji ; what is your view as per weekly charts ?

[amitagg]

Crude buy 2585-75-65 tg 30 /60 points each stop 2525 ( as per system)
( may need intra day refinement)
( as per personal observation market would give profit first level then take trade on lesser position on second or choose third level)

Cluster of resistance at 2625-2650 level

Cloud vanishing level
Penetration required about 2650 to confirm bull trend

Ab=cd complete on Friday
Friday high marked resitance of downtrend channel
Friday high marked pullback to breakdown rising channel line

So critical level 2600-2650

[amitagg]

I wish to post some calls on a high RR (variable) and success ratio ( without elaborating more) on a different system under test ( unlike my flavour for intra day due to better price analysis and price reading of crude ; this shall be system driven and hence not for a day but longer; hence crude with often gaps will have to be lived with though hopefully in direction of open position)

While I have been doing "with some analysis" in the past just wonder if this is permissible under regulations (without analysis) ; Is there any language which can be used for that purpose:

There shall be 4-8 calls in a month: target return expectation is 150 ( to 250) plus points only.

Is it doable. For couple of months. Say just for information and journal and not actual trading ( or anything to say like that)

Regards

[AMBY]

Good thinking, We can try your new method for positional trading.

[amitagg]

general: crude subject to sun event should touch 2636-2618 cmp 2685

fall from ABC retrace ended at C = 39. 26/39. 4 nymex from where ending diagonal formed till 42 and today's gap down confirmed channel break. stop 2750.

big gap possible either side Monday.

[watch 2636 level ]

[amitagg]

[amitagg]

below trade was not triggered.
bearishness negated with move above 2720 just a while back.. no shorts now till fresh signal. if sustains 2820 may.
waiting for fresh confirmation entry.