iCharts Discussions

[amitagg]

While Aluminium is better in charts with inverse H and S breakout in place,,,, and trade in mentioned in previous post try Nickel is want to as per own system at BUY 698-701 target 707 / 715 stop 688 ( aggressive 692)

Opening levels to see for Both at 5.00pm

[amitagg]

Gold is a buy at 30250/70 target 30550 stop 29950
Cmp 30250-280

[amitagg]

[amitagg]

[kingkrunal]

hi amit..

are you still using rohan's method ? and how is it going on ?

any more filters ??

thanks

[amitagg]

Good to see you back

I am now not focussing on any particular instrument

While my levels are subtle and without fanfare you would notice at last three weeks overall have been profitable ( had stopped posting few backs back)

( there is slippage in actual trades)

Had stopped posting or giving running crude commentary

This week gold and aluminium were traded
Aluminium has reached above cost ( was exited near cost)
Gold gave the weekly profit

Nickel was traded ( see my post where I was unsure of this )

Yesterday low did not hit SL 688 so that SL was precise
Now near to cost and I am holding till tomorrow end

To your question combine SSPS and Rohan -30tf and lower time frame say 5tf to determine the trend - I use this ONLY for filtration now ( that is unless they are aligned I would not take trade as per my system)

Trade entry is as per my system / exit is still discretionary and looking to improve ( since sideways and trending markets cannot be distinguished that well my most traders and all endeavour to just limit losses in sideways markets )

I DO NOT take contra trades now to my system; capacity building is still difficult for me at the moment.....

Choose one and don't muddy waters with many ( except for filtration)

Please start your thread and post some TA and trades. It helps all like me

[amitagg]

To respond more accurately to your post so that it helps you ( besides the response below)

Consider both ST and 64 ema - when not aligned in direction of price . Book out.

Take additional entries on 8 34 SSPS while In direction of 64 ema

Just see chart - IT EXPLAINS ITSELF - see how and where u would have entered and exited and mark all entries

( difficultly is in adhering in live market and sideways markets)

( my system is otherwise giving reasonable entries while the trends exist)

Also GANN -9 levels work well for crude at a least.... With 2 filters SSPS and Rohan and Gann .... You would seriously limit bad entries

See how to trade the Gann levels at corners..... It is very good.

Once the entries are fewer profits will be "surer and lower"... It's up to each of us to see how to scale up.....thoughts are welcome.

(I am purposefully leaving talking of one TA which I use to not make the discussion in public forum flimsy)

[kingkrunal]

[amitagg]

One more point... Since u are getting me into discussion of specifics....

PLEASE note that most commodities including crude and metals and Nifty etc in CORRE TIVE rises and declines on larger timeframe

There are overlapping waves on medium term timeframes are well and triangles and diametrics being formed

Hence a MA based system would not always be appropriate.....hence volatility breaks even on weekly timeframes would be good to trade ( i wonder whether You are understanding what I am saying)

We learn lot of TA but don't apply particular TA at particular times

[amitagg]

Look at copper NOW 330 and can touch 335 stop 323 ( aggressive 1:1 at 325)

Had it been Monday or Tuesday I would have recommended as a TRADE for conviction
Still I am Long on much LESS quantity than actual trades which I post for others in thread

Nickel is AT COST now 700-701
And if next week is positive above 697 in beginning go ahead AND BUY it.... Will post later
Don't but now if not already long

[kingkrunal]

[amitagg]

[amitagg]

that's more like it

exited nickel just above cost and

rebought copper at 333.6 ( normal quantity now) stop 328

look strong. confirmation above 335/336.

[amitagg]

]Hi Amit

What's your view on Crude I am stuck up I am long in 2 lots at 3064 level..

Thanks[/quote]

Just noticed ..... You have no option except to have STRICT Stop loss of 2905

If u can bear the loss

Otherwise can exit at 2930 levels cmp 2940..... Went to 3000.

I don't anticipate END of extent of free falls in crude . Becuase for me not today but always it and any other tradable instrument can have a free run.

Such events like nov 30 can take very one for ride. Inventory was historically bad and

" pls don't trade against the trend with out stop loss next time" - not mental but system stop loss

Above is a private message I received . I can reply in thread itself without naming the sender.

[amitagg]