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amitagg
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Post: #721  Posted: Fri Oct 07, 2016 6:14 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Silver 41850 above 41860 can rise to 41960/ 42250
TSL at cost in place
It can consolidate at 41000-42250
Take out some early longs and then rise over next few days .......
Cmp 41800  |
Behaving expectedly
Booking profit as it comes.....not playing for long haul since contra trade
Cmp 41800 hit 42080
TSL 41650 for all |
Exited balance at 42100
Conta traded played out....
Would watch to long only at declines ( not sure decline will come ) |
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amitagg
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| Post: #722 Posted: Fri Oct 07, 2016 6:46 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Position is on . SL 194 as of now ( shall exit 50 percent at 197)
Negative storage data Ie unfavourable to price upmove just a while back and cmp 200-201
If holds 197 then we have negative bullish divergence and I would add my postion if moves above 203.5....... |
As expected moved up and added to position
Stop 197 for earlier and 199.5 for new |
Exited 203.3 at 203 as per price action back to resistance
Holding morning position as per strategy with higher RR |
NG closing strongly around 204.5-204.8
It closes above 207 tomorrow expect 216/224 swiftly and a breakout
That is , IF
I am carrying the position |
Exited at 206.4 50 percent and TSL to 202.5 for balance
Would watch for 207 break and Monday movement.......... |
This also trailed to cost now for balance. High 207.2 cmp 205 |
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amitagg
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| Post: #723 Posted: Fri Oct 07, 2016 8:12 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Silver 41850 above 41860 can rise to 41960/ 42250
TSL at cost in place
It can consolidate at 41000-42250
Take out some early longs and then rise over next few days .......
Cmp 41800 |
Behaving expectedly
Booking profit as it comes.....not playing for long haul since contra trade
Cmp 41800 hit 42080
TSL 41650 for all |
Exited balance at 42100
worked exactly fell 500 points from resistance of 42250 high near 42300 still cannot long.
I respect first move for contra plays
Conta traded played out....
Would watch to long only at declines ( not sure decline will come ) |
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amitagg
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| Post: #724 Posted: Fri Oct 07, 2016 8:29 pm Post subject: |
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NG playing out 208 above now..... will it hold 207
see yesterday's post. |
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amitagg
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| Post: #725 Posted: Fri Oct 07, 2016 8:37 pm Post subject: |
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have exited at 209.4 for time being since weekly target I met
both silver and NG done. |
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amitagg
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| Post: #726 Posted: Fri Oct 07, 2016 9:08 pm Post subject: |
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wow see silver comment below
entered long 41300 since it has fallen 1000 points exactly from resistance of 42250-42300
narrower qrny to add double at 40850
Last edited by amitagg on Fri Oct 07, 2016 9:16 pm; edited 1 time in total |
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amitagg
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| Post: #727 Posted: Fri Oct 07, 2016 9:14 pm Post subject: |
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NG races to 213 after breakout
| amitagg wrote: | Have posted long trades for crude NG and Silver below
Overall insight
Crude bullish ( but as per waves its keeps showing resistance and corrective overlapping waves) it should remain above 3170 for postive action of 300-400 points
NG if breaks 207 shall be great breakout
buy cmp 204 is close
support it should not break for upmove current is 190
Silver only counter trend trade since 40800 great support cmp 41500
Watch 3170-190-40800 (39250/36000)as strong support levels
Watch 3170 ( breakout in place) - 205/207 ( breakout about to happen) - 39250/36000 ( down target possibility not selling without suitable time frame action though) |
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amitagg
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| Post: #728 Posted: Fri Oct 07, 2016 9:18 pm Post subject: |
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| amitagg wrote: | wow see silver comment below
entered long 41300 since it has fallen 1000 points exactly from resistance of 42250-42300
narrower qrny to add double at 40850 |
there will be no adds below 40800 since it would hit 39200 below it |
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amitagg
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| Post: #729 Posted: Fri Oct 07, 2016 9:21 pm Post subject: |
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| meanwhile crude has gone below 3335 and all longs if anyone holding should be exited. i did not trade this. |
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amitagg
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| Post: #730 Posted: Fri Oct 07, 2016 9:23 pm Post subject: |
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any guesses on next NG entry point.... it is going alone.
cmp 312...... seems very bullish.... |
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amitagg
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| Post: #731 Posted: Fri Oct 07, 2016 9:27 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | wow see silver comment below
entered long 41300 since it has fallen 1000 points exactly from resistance of 42250-42300
narrower qrny to add double at 40850 |
there will be no adds below 40800 since it would hit 39200 below it |
trailed to cost and should hit. cmp 42450
have buy bid at 40850 and 40370 |
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amitagg
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| Post: #732 Posted: Fri Oct 07, 2016 10:25 pm Post subject: |
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cmp 41800
and had mentioned below of 41000-42250range. fell 130 points from top and rose 700 points from bottom.
evens at 41600 |
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amitagg
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| Post: #733 Posted: Mon Oct 10, 2016 7:30 pm Post subject: |
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Crude will be bullish for further 100 points of 3420 sustains
Cmp 3410
" Bought"copper at 324.2 target 325.5/327/333
Buy for target levels in multiple lots and watch price action
Advance break anticipated like for NG few days back
So be careful of reaction to 321 levels which can be used as stop if it were to turn sideways again...... It's very bullish above 330
NG 216/224 are some 5wave targets so be cautious...... Have traded in and out and not holding NG since it can reacct to 208-210 again from cmp 215-216 levels . Actually next series would show 240/250 to give the target for NG |
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amitagg
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Posts: 4559
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| Post: #734 Posted: Mon Oct 10, 2016 7:55 pm Post subject: |
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Last week NG gave 3 points (1250 / point) for one lot and 6 points for another we exited 306.3 and 309 .. And now 316 reached first target mentioned last week
Keep watching copper now ......
Cmp 325.2 now - since below 330 I have no option but to take regular profits and not get the big one yet on this
Meanwhile crude 3430 and NOT in trade ....let's watch a little more and if goes up we can miss the trade
OR buy on reaction to 3405/3380 stop 3355 |
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amitagg
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Posts: 4559
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| Post: #735 Posted: Mon Oct 10, 2016 8:01 pm Post subject: |
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| Only watch copper |
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