iCharts Discussions

[amitagg]

[amitagg]

Testing the breakout area is it deservedly should - copper 373-374

Since nickel 588-593
Lead 142-144
Zinc 177-181
Are near or at resistance

it remains to be seem whether breakout in copper would hold - system is long with the defined stop and target to be achieved / hit in 3-5 days

[AMBY]

Thanks for covering base metals and providing levels to enter trade.

[amitagg]

[amitagg]

Gold opening below superior and sold 28480 target 28300 stop 28700

[amitagg]

[amitagg]

Crude rose from 2810 to 2874
NG from 195 to 200


Crude CMP 2864 maintaining above 2815-2830 and breaking 2875 would mean 2894

Then below 2897-2900 would mean back to 2845/2834

Inventory in 15 mins

Likely positive move after inventory for 20-30 points
Inability to move above 2900 would mean fall back to 2840

Advance prognosis ( let's see how plays out - nothing more interesting than crude)

Trade with conviction ; trade well

Levels 2830-2875-2897

[amitagg]

Liked

High 2897
Hit after 2875

Fall to 2845 /2855

Wonderful in half minutes



That's crude for you


Levels are one thing ; trading is another ; advance conviction buy sell SL orders are required to trade crude

Hope enjoyed to the dot

( I know just watched and to assimilate the fast action. No one can trade on another's system nor does one have to quite frankly)

[amitagg]

now what

cmp 2931

i shall place buy SL order for 2940 target 2954/63/2991/3008
(most likely 2991)

stop 2970
conservative alternate 2894 don't place stop above 2897 and basis 43 point loss allocate quantity

can consider trail when goes above 2954

crude bullish
please DO not SELL

[amitagg]

Was triggered and trade is on at 2940
2897 SL if hit along would alone convey pause in bullishness
CMP 2922

If tomorrow we don't clear or maintain 2930-2938 in first few hours, then 2875/ 2855 can come again

[Abhijadhav79]

hold with sl?

[amitagg]

Yes

I have revised to 2913

That's now it's narrowed with time not on basis of indicators but otherwise

Crude holding since it is bullish and shall hit 3025

Only question is reaction can come CMP 2931 which depending upon trading horizon means different things to different traders

I would again buy at 2830-2855 if falls below 2897

Gann confluence gave buys for both zinc and crude
Zinc rose a lot
Copper was posted : did not profit but the target was hit
Expect same from crude . Visualised at 2830 but entered after confirmation at 2900 but exited 20 points profit

Posted this thread at 2940 and holding

ps: we should make all efforts to develop and work towards our system
I carry the thread (without teaching) just for being part of community and have a reading habit

[amitagg]

2815 would NOT be hit
3025 will be hit

CMP 2930

Just for idea
My view only; there is no reason why I should be right or necessarily be proved so
So be informative and careful.

[AMBY]

[amitagg]

CMP 2945 and Holding and still bullish

The trade would be exited entirely on Monday ( morning or evening) after seeing the open

Time frame was till end of today

We should now aim for reduced target from 2991 to 2663 to exit 60 / 70 percent

Or let SL hit at 2913

Buy price was 2940

Precise values shall be posted later