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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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Post: #886  Posted: Thu Sep 07, 2017 9:18 pm Post subject: |
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SL was 3115 low 3116 - saved by 1 point ( which invisible hand is watching!!!)
CMP 3155
Holding 50 percent balance
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #887 Posted: Thu Sep 07, 2017 9:22 pm Post subject: |
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| Bought Gold 30280-90 Target 30450 stop 30000 ( keep the slightly less favourable RR in perspective while deciding quantity)
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amitagg
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Posts: 4559
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| Post: #888 Posted: Thu Sep 07, 2017 11:21 pm Post subject: |
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| amitagg wrote: | | Bought Gold 30280-90 Target 30450 stop 30000 ( keep the slightly less favourable RR in perspective while deciding quantity) |
Exited at cost now
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #889 Posted: Fri Sep 08, 2017 10:40 pm Post subject: |
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| amitagg wrote: | SL was 3115 low 3116 - saved by 1 point ( which invisible hand is watching!!!)
CMP 3155
Holding 50 percent balance |
Balance 50 percent SL gone at 3115 ( 40 point loss)
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amitagg
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Posts: 4559
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| Post: #890 Posted: Wed Sep 13, 2017 4:06 am Post subject: |
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Crude oil is a FEROCIOUS buy above 3200 levels.......(not 3100)
( meaning equally high risk also : disclaimer)
CMP - just 3092
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #891 Posted: Wed Sep 13, 2017 7:01 pm Post subject: |
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Further below post for crude SL buy above 3180-3200 levels (say 3200)
For intra today
CMP 3116 - point of MOST resistance
So I am for Bearish trend today ..... From 3116 stop 3165 target open to 3094/3082/3075
Inventory at 8
Make own decision when I post ( meaning of trend)
Can follow and buy when I post ( meaning of buy)
( for trades I want to be precise )
Sell intra day is not decisive until price action is seen intra
Buy above 3200 is given irrespective of price action
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amitagg
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Posts: 4559
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| Post: #892 Posted: Wed Sep 13, 2017 8:13 pm Post subject: |
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3128 don't short
Sustaining
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #893 Posted: Wed Sep 13, 2017 9:03 pm Post subject: |
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| amitagg wrote: | 3128 don't short
Sustaining |
Posted in nick of time
As expected ( when a view can be changed basis price action to save from loss) and can see how price can reveal the direction
CMP 3145
NO Trade though
Is my level of 3200 show up in Oct - how to interpret that !!!!!
Read with posts below to understand above comments
For me crude NOT bullish until above 3200 Sep .... Meaning " preparing " but not yet
Some wizards have told that trades should not be taken on fringes "expecting e break" .....
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jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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| Post: #894 Posted: Wed Sep 13, 2017 10:46 pm Post subject: |
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Amit Ji,
Could you post Elliott wave chart for crude?
G. Jyothi
| amitagg wrote: | | amitagg wrote: | 3128 don't short
Sustaining |
Posted in nick of time
As expected ( when a view can be changed basis price action to save from loss) and can see how price can reveal the direction
CMP 3145
NO Trade though
Is my level of 3200 show up in Oct - how to interpret that !!!!!
Read with posts below to understand above comments
For me crude NOT bullish until above 3200 Sep .... Meaning " preparing " but not yet
Some wizards have told that trades should not be taken on fringes "expecting e break" ..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #895 Posted: Wed Sep 13, 2017 11:21 pm Post subject: |
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It's a WXY abcde complex corrective 4th wave going on to correct the fall from USD 109 yes currently USD 47-48 is Nymex - as per few leading Chartists on EW
EW has many possibilities and double or triple correctives can open UPWARDS also and hence may be no point trying to judge
As per one post of today EW is targeting down movement to 2960 since trend line resistance is coming in USD Nymex capping any rise
Has it cleared today!?
Hence I had mentioned in posts below of confirmation BUY above 3200 levels only .... While many are targetting overall structure as down
On Monthly Weekly Dailydifferent combinations are possible and reactive wave to USD 57 is not ruled out
This is as far I can answer because I don't want to spend more than this on the query
But anyways if you have specific querying on any pattern u post the chart and we can discuss
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #896 Posted: Thu Sep 14, 2017 7:12 pm Post subject: |
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| amitagg wrote: | Crude oil is a FEROCIOUS buy above 3200 levels.......(not 3100)
( meaning equally high risk also : disclaimer)
CMP - just 3092 |
I take out the word ferocious
Yes trade accordingly to trend which is BUY
CMP 3209
High 3219
As per past experience it can consolidate and also go below buy level of 3200 to 3175 etc.... Have a stop loss and don't over leverage ... Immediate target is 3264
Follow MM
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #897 Posted: Thu Sep 14, 2017 7:29 pm Post subject: |
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| amitagg wrote: | It's a WXY abcde complex corrective 4th wave going on to correct the fall from USD 109 yes currently USD 47-48 is Nymex - as per few leading Chartists on EW
EW has many possibilities and double or triple correctives can open UPWARDS also and hence may be no point trying to judge
As per one post of today EW is targeting down movement to 2960 since trend line resistance is coming in USD Nymex capping any rise
Has it cleared today!?
Hence I had mentioned in posts below of confirmation BUY above 3200 levels only .... While many are targetting overall structure as down
On Monthly Weekly Dailydifferent combinations are possible and reactive wave to USD 57 is not ruled out
This is as far I can answer because I don't want to spend more than this on the query
But anyways if you have specific querying on any pattern u post the chart and we can discuss |
Jyothil
I know why you asked for EW forecast - "open house" is it!???
See weekly one posted
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #898 Posted: Thu Sep 14, 2017 8:16 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Crude oil is a FEROCIOUS buy above 3200 levels.......(not 3100)
( meaning equally high risk also : disclaimer)
CMP - just 3092 |
I take out the word ferocious
Yes trade accordingly to trend which is BUY
CMP 3209
High 3219
As per past experience it can consolidate and also go below buy level of 3200 to 3175 etc.... Have a stop loss and don't over leverage ... Immediate target is 3264
Follow MM |
Book 50 percent at 35-40 points profit now and trail to cost - Sep contract
It can hit 3294 in October though ..... Strength visible .... But intra reaction possible
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jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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| Post: #899 Posted: Thu Sep 14, 2017 8:49 pm Post subject: |
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Amit Ji,
Thankyou for your valuable time to spend it
G. Jyothi
| amitagg wrote: | | amitagg wrote: | It's a WXY abcde complex corrective 4th wave going on to correct the fall from USD 109 yes currently USD 47-48 is Nymex - as per few leading Chartists on EW
EW has many possibilities and double or triple correctives can open UPWARDS also and hence may be no point trying to judge
As per one post of today EW is targeting down movement to 2960 since trend line resistance is coming in USD Nymex capping any rise
Has it cleared today!?
Hence I had mentioned in posts below of confirmation BUY above 3200 levels only .... While many are targetting overall structure as down
On Monthly Weekly Dailydifferent combinations are possible and reactive wave to USD 57 is not ruled out
This is as far I can answer because I don't want to spend more than this on the query
But anyways if you have specific querying on any pattern u post the chart and we can discuss |
Jyothil
I know why you asked for EW forecast - "open house" is it!???
See weekly one posted |
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jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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