iCharts Discussions

[amitagg]

Wow just before the breakout

Beauty crude


Have exited 2954-2957 many


Since as mentioned below time frame was today
Have to ha e profits as per rules on the same

Silver posted in another thread and now crude twice working well - thrice at a time
Scratched copper for the week
Trades were posted and run

Crude was good almost the general bearish sentiment and we took the bullish trade

[amitagg]

SL to cost for rest and it should go likely....sold more at 2953 now

I am allowing profits to market even though crude going to rise next week also
But have to trade as per few rules

[amitagg]

[amitagg]

[amitagg]

Exited balance
CMP 3009
Crudieeeeee!!!!!

[Abhijadhav79]

Gr8

[amitagg]

[amitagg]

Refer below - as happening
Consolidated above 3040 and 3062 now

Now what it shall rise to 3090 if above 3075 and can hit 3105 / 3110 as well

With below mail resistance already mentioned at 3114 we should expect

3037 also to be hit this week CMP 3062

So my price action history study say ps it would

- HIT 3090 ( and likely 3105) if above 3075
AND AND ALSO
- HIT 3037/40 one during the week

CMP 3062

Trade as many quantities as u want - bull or bear !!!!!!!!!!!
Only question I am not giving is SL

BUT I WOULD say FIRST 3090/3105 then 3037



Some part sarcasm above : kindly note and trade accordingly

Note: this note is not for actual trading but mental simulation

[amitagg]

3075 held very well
High 3073
Not cleared 3075 so fell now 3055

So what next

Crude won't give up before THursday morning API data or evening inventory

It would rise from above 3040 to 3090/3115

If does not clear 3075 then we can have a retrace below 3000 to 2970

Since we did not clear 3075 feel short by 2 points we have seen a retrace to 2965-70 now as mentioned above

Also 3114 resistance did not come into play

Expect more downside to 2920 levels - NOT bullish unless above 3030

Caution: inventory data to come positive and a gap UP possible tomorrow

[Abhijadhav79]

Crude down more than 100 points

[amitagg]

Today won't take bullish trade after inventory IF price is around 2990-3020
CMP 2980

Both 2993/3004 and 2958 can be hit
First 2993/3004 and then 2958
Intra upside normal is complete at 2984-2988 so possibility of fall
Now only inventory play is left either side

Good one coming as per ApI So a upside kicker and then fall MAY happen........

It would be a sell below 2958 confirmed below 2948 to 2930/2918
( since bullish from key gann retrace at 2700-2800 I WILL avoid the sell trade)

Note: for the thread in general

sometimes levels are given. They are based on price action reading (crude oil) history with an insert or portion of technicals (for crude). This can still be used as reference point inspite of any data or news ( as levels are supposed to work without them)

Sometime BUY or SELL is given with target and stop loss ( always specific and precise) - this is system based and have high profit probability potential ( again based on history)

[amitagg]

As anticipated

The intra high was not broken till inventory

Rose to 3019 after inventory (3020 was mentioned)

No buy as of now

If sell use SL 3043
CMP 3004

[amitagg]

Seems unbelievable (to me) but true

Again predicted two way movement correctly ( almost to the dot)

High 3019 ( mentioned not to buy )
Rise after inventory - yes rose from 2970-2980 to 3019
Fall thereafter just now to 2933 had mentioned 2930
Amidst drawdown on 6M inventory

Crude...... Continues to move beautifully


( for trading there was one profit trade prior to inventory on higher quantity / lower points - anticipating the high already made as mentioned below prior to inventory- intra scalp did not post need not count as BUY SELL trades)

[amitagg]

Crude hitting resistance and falling from 2880-2895 on 3 occasions this week

Wall getting weaker

Actually 2930-2945 AUG contract would come into play which if we clear decisively next week means 3100 again.....

Let price and time make its move and give us the direction

For me solid support at 2775
I would ALWAYS buy at 2755-2775. Seems I posted this level in thread earlier also my memory ( and go against system with 100 SL for 200-300 points)

All in all either this support 2775 shall be touched if fails to hold above 2895
CMP also July approx

Otherwise above 2940-2950 AUG sustaining for few days we should hit 3100
( of above all levels are technical except 3100 which needs refinement)

[amitagg]

Below was posted just few seconds or minutes before the rise and break
CMP 2950 Aug
Let Aug remain above 2980 this week OR 2950 next week to confirm the reversal