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Crudeoil Positional Analysis ~ Welgro Corner |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #121  Posted: Thu Jul 31, 2014 2:31 pm Post subject: |
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| amitagg wrote: |
Hit...... What are the triggers now.....still holding above 50 percent 99.2 percent or so retrace |
Kindly explain..i didn't get you, what 50% and 99.2 % |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #122 Posted: Thu Jul 31, 2014 2:37 pm Post subject: |
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[quote="welgro"] | amitagg wrote: |
Hit...... What are the triggers now.....still holding above 50 percent 99.2 percent or so retrace |
Kindly explain..i didn't get you, what 50% and 99.2 %[/quote
Heard that 99 .2 nymex was support which is still holding and 5970- 5995 was actually support area. I may be wrong . Don't bother 99.2 is some fibo ratio.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #123 Posted: Sun Aug 03, 2014 7:29 pm Post subject: |
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[quote="amitagg"] | welgro wrote: | | amitagg wrote: |
Hit...... What are the triggers now.....still holding above 50 percent 99.2 percent or so retrace |
Kindly explain..i didn't get you, what 50% and 99.2 %[/quote
Heard that 99 .2 nymex was support which is still holding and 5970- 5995 was actually support area. I may be wrong . Don't bother 99.2 is some fibo ratio.... |
I was busy and could not explain that day but my intention was as under
- u had bought at 6137( 4 lots)
- your stop was 6060
- market was closing just above 6060 and I expected gap opening- there was news expected just after closing
- next day as I expected market opened at 6020 approx and u mentioned ur stop was 6015
- market move around above that and hit the stop
- I was expecting an upmove intra day and thought u could get better prices
- I was late in posting may be
- nymex had 99.2 as 50 fibo support of 91-107 move
- it was respecting that intra day even till your stop was hit I think
- so I was clear that u could get better prices and posted
- as expected markets moved near Rohan s 64 ema and I think 6085 was touched ( basis Rohan method)
- so you could have covered 50 percent of your actual loss
- this is not in hindsight for me and I have seen Rohan system for swing and I know intra day moves ( if some parameters play out)
- one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened)
- I know very clearly that u follow your own principles ( but it it just to mention that people may have right intentions when they post in your thread)
- as traders we cannot move around trading others views I agree ( but my intention was very clear basis which I was uncomfortable with your stop considering that u are anyways not intra player)
- your discipline helps since (as expected by you and written in many crude technical sites) crude below 6060 was bearish
- just that I gave you indication that 99.2 was held that day and markets may rise ....( it was not a better or clearer recommendation that it could have been) but my intention was just to help you cover most of the lose trade that it turned out to be)
- I know how seasoned you are in your thoughts analysis and principles and must be knowing ( which I am very bad at, being trading intra day most times) to earn traceable surpluses by carrying trends
Regards |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #124 Posted: Sun Aug 03, 2014 8:55 pm Post subject: |
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| amitagg wrote: |
I was busy and could not explain that day but my intention was as under
- u had bought at 6137( 4 lots)
- your stop was 6060
- market was closing just above 6060 and I expected gap opening- there was news expected just after closing
- next day as I expected market opened at 6020 approx and u mentioned ur stop was 6015
- market move around above that and hit the stop
- I was expecting an upmove intra day and thought u could get better prices
- I was late in posting may be
- nymex had 99.2 as 50 fibo support of 91-107 move
- it was respecting that intra day even till your stop was hit I think
- so I was clear that u could get better prices and posted
- as expected markets moved near Rohan s 64 ema and I think 6085 was touched ( basis Rohan method)
- so you could have covered 50 percent of your actual loss
- this is not in hindsight for me and I have seen Rohan system for swing and I know intra day moves ( if some parameters play out)
- one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened)
- I know very clearly that u follow your own principles ( but it it just to mention that people may have right intentions when they post in your thread)
- as traders we cannot move around trading others views I agree ( but my intention was very clear basis which I was uncomfortable with your stop considering that u are anyways not intra player)
- your discipline helps since (as expected by you and written in many crude technical sites) crude below 6060 was bearish
- just that I gave you indication that 99.2 was held that day and markets may rise ....( it was not a better or clearer recommendation that it could have been) but my intention was just to help you cover most of the lose trade that it turned out to be)
- I know how seasoned you are in your thoughts analysis and principles and must be knowing ( which I am very bad at, being trading intra day most times) to earn traceable surpluses by carrying trends
Regards |
Dear amitagg,
Really i am mind blowing about your expectations.Always perfect..
Lets come to the point.Tomorrow 04/08/2014,Crudeoil aug contract expiry is 19AUG2014.
[amitagg:as traders we cannot move around trading others views I agree ]sorry, Kindly update your calls next 2 weeks,i will follow strictly what do you update. I will learn somethings about your updates in live market hours. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #125 Posted: Sun Aug 03, 2014 9:10 pm Post subject: |
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| welgro wrote: | | amitagg wrote: |
I was busy and could not explain that day but my intention was as under
- u had bought at 6137( 4 lots)
- your stop was 6060
- market was closing just above 6060 and I expected gap opening- there was news expected just after closing
- next day as I expected market opened at 6020 approx and u mentioned ur stop was 6015
- market move around above that and hit the stop
- I was expecting an upmove intra day and thought u could get better prices
- I was late in posting may be
- nymex had 99.2 as 50 fibo support of 91-107 move
- it was respecting that intra day even till your stop was hit I think
- so I was clear that u could get better prices and posted
- as expected markets moved near Rohan s 64 ema and I think 6085 was touched ( basis Rohan method)
- so you could have covered 50 percent of your actual loss
- this is not in hindsight for me and I have seen Rohan system for swing and I know intra day moves ( if some parameters play out)
- one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened)
- I know very clearly that u follow your own principles ( but it it just to mention that people may have right intentions when they post in your thread)
- as traders we cannot move around trading others views I agree ( but my intention was very clear basis which I was uncomfortable with your stop considering that u are anyways not intra player)
- your discipline helps since (as expected by you and written in many crude technical sites) crude below 6060 was bearish
- just that I gave you indication that 99.2 was held that day and markets may rise ....( it was not a better or clearer recommendation that it could have been) but my intention was just to help you cover most of the lose trade that it turned out to be)
- I know how seasoned you are in your thoughts analysis and principles and must be knowing ( which I am very bad at, being trading intra day most times) to earn traceable surpluses by carrying trends
Regards |
Dear amitagg,
Really i am mind blowing about your expectations.Always perfect..
Lets come to the point.Tomorrow 04/08/2014,Crudeoil aug contract expiry is 19AUG2014.
[amitagg:as traders we cannot move around trading others views I agree ]sorry, Kindly update your calls next 2 weeks,i will follow strictly what do you update. I will learn somethings about your updates in live market hours. |
I would highlight one point as above and u can closely watch the chart in 30tf......and also study Rohan's method:
"one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened) ....."
[ in your case, there was no 2 closing below the low of that day on 30tf.....]
I am "new" to commodities trading and due to certain patterns, only trading crude...........shall look to post.....if unable to post trrades, not in front of screen many a time so shall post chart and explain the above point.....
so i can only certainly say [certainly means as per my study]....of this point which i have posted.....
similarly if u see friday's move, it could sustain above the "gap high" on 30tf for 2 candles and hence fell from the top..... |
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marimuthu13
White Belt
Joined: 30 Aug 2011
Posts: 212
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| Post: #126 Posted: Sun Aug 03, 2014 9:20 pm Post subject: @santhosh sir |
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sir
just ignore people who has different mind set (of just finding falut alone for ever..).they just escape when we challange/or ask for more information ...(saying that not infront of screen) etc etc... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #127 Posted: Sun Aug 03, 2014 9:24 pm Post subject: |
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| amitagg wrote: | | welgro wrote: | | amitagg wrote: |
I was busy and could not explain that day but my intention was as under
- u had bought at 6137( 4 lots)
- your stop was 6060
- market was closing just above 6060 and I expected gap opening- there was news expected just after closing
- next day as I expected market opened at 6020 approx and u mentioned ur stop was 6015
- market move around above that and hit the stop
- I was expecting an upmove intra day and thought u could get better prices
- I was late in posting may be
- nymex had 99.2 as 50 fibo support of 91-107 move
- it was respecting that intra day even till your stop was hit I think
- so I was clear that u could get better prices and posted
- as expected markets moved near Rohan s 64 ema and I think 6085 was touched ( basis Rohan method)
- so you could have covered 50 percent of your actual loss
- this is not in hindsight for me and I have seen Rohan system for swing and I know intra day moves ( if some parameters play out)
- one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened)
- I know very clearly that u follow your own principles ( but it it just to mention that people may have right intentions when they post in your thread)
- as traders we cannot move around trading others views I agree ( but my intention was very clear basis which I was uncomfortable with your stop considering that u are anyways not intra player)
- your discipline helps since (as expected by you and written in many crude technical sites) crude below 6060 was bearish
- just that I gave you indication that 99.2 was held that day and markets may rise ....( it was not a better or clearer recommendation that it could have been) but my intention was just to help you cover most of the lose trade that it turned out to be)
- I know how seasoned you are in your thoughts analysis and principles and must be knowing ( which I am very bad at, being trading intra day most times) to earn traceable surpluses by carrying trends
Regards |
Dear amitagg,
Really i am mind blowing about your expectations.Always perfect..
Lets come to the point.Tomorrow 04/08/2014,Crudeoil aug contract expiry is 19AUG2014.
[amitagg:as traders we cannot move around trading others views I agree ]sorry, Kindly update your calls next 2 weeks,i will follow strictly what do you update. I will learn somethings about your updates in live market hours. |
I would highlight one point as above and u can closely watch the chart in 30tf......and also study Rohan's method:
"one such parameter u can test later is that 2 30tf closings below low or high price of the day is required ( coupled with some other price readings) to get the sustainable level for break ( basis that I had known and priced near your stop may go up which actually happened) ....."
[ in your case, there was no 2 closing below the low of that day on 30tf.....]
I am "new" to commodities trading and due to certain patterns, only trading crude...........shall look to post.....if unable to post trrades, not in front of screen many a time so shall post chart and explain the above point.....
so i can only certainly say [certainly means as per my study]....of this point which i have posted.....
similarly if u see friday's move, it could sustain above the "gap high" on 30tf for 2 candles and hence fell from the top..... |
I understand,Anyway you are not trading.
Keep this word in Mind
"Taking trade one should have guts, drawing trendline one pencil is enough"
I hope you have nice pencil. Keep it up ! ! ! ! !
This is my last reply for you.Kindly don't interfere another one's views and threads.(each and every strategy have a some unexpected loss)
kindly don't participate in my threads. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #128 Posted: Sun Aug 03, 2014 9:31 pm Post subject: Re: @santhosh sir |
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| Sure Noted. Regret this & shall "pause & reflect" the very attitude of mine leading to this. |
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anand512
White Belt
Joined: 26 Jun 2009
Posts: 109
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| Post: #129 Posted: Tue Aug 05, 2014 8:06 pm Post subject: |
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sir
your views on base metal like copper,nickel and zinc |
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reachchirag
White Belt
Joined: 28 Nov 2012
Posts: 102
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| Post: #130 Posted: Tue Aug 05, 2014 9:58 pm Post subject: Crude |
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Dear sir,
Can you give your views on crude as well. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #131 Posted: Tue Aug 05, 2014 10:22 pm Post subject: |
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| sorry ... some personal reason i plan to stop crude update next few weeks... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #132 Posted: Thu Aug 21, 2014 8:25 pm Post subject: |
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Crudeoil long entered 4 lots at : 5720
stoploss : 5660 |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #133 Posted: Thu Aug 21, 2014 9:02 pm Post subject: |
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Welgro,
any target for this trade.... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #134 Posted: Thu Aug 21, 2014 9:52 pm Post subject: |
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| manojkr78 wrote: | Welgro,
any target for this trade.... |
Expected 5940.. Lets see ...If i get any reversal ..i will update my exit. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #135 Posted: Thu Aug 21, 2014 10:20 pm Post subject: |
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| thanks... |
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