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amitagg
Black Belt
Joined: 01 Oct 2013
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Post: #106  Posted: Thu Jul 14, 2016 6:24 pm Post subject: |
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| amitagg wrote: | 9119 - 8845-8655 were the previous major tops and hence difficult to clear 8655 ( filter to 8700) consistent basis ( for me next to impossible so to say if it can be said... It can turn sidewys before turning down for reaction from 6825... Stop 8730 twice closing basis)
Bearish confirmation below 8390 only.
Ab=cd complete at 8570 if we take c starting from 7500 and not 7700
78.6 percent retrace of entire fall at 8620-8640 region
8650 is GANN resistance level
8740 is breakdown level from 9119
Target 8130/8270 |
Hitting 8430 with 30-40 filter and inability to close below 8390 consistently would mean 9300-9500 has be hit in next few months........so two scenarios laid out.
Next and final bear target 7700 ( 50 percent and one more method calc) below 8270/8130.......
Let it print itself...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
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| Post: #107 Posted: Thu Aug 11, 2016 8:23 pm Post subject: |
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8430 remains the key level for next few months
If this is X wave down to unfold in Abc from 8730
triple zigzag from 6825 can still lead to 9100-9300 wherein adverse Breadth topping patterns and different ratios tracking market would start making things more jittery
8390-8430 would be key area and give UP gaps if hit........ |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #108 Posted: Fri Aug 12, 2016 9:25 am Post subject: |
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amitagg
Black Belt
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Posts: 4559
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| Post: #109 Posted: Tue Aug 23, 2016 11:20 pm Post subject: |
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| amitagg wrote: | 8430 remains the key level for next few months
If this is X wave down to unfold in Abc from 8730
triple zigzag from 6825 can still lead to 9100-9300 wherein adverse Breadth topping patterns and different ratios tracking market would start making things more jittery
8390-8430 would be key area and give UP gaps if hit........ |
downtrend has unfolded in triangle / diametric subjec to time of waves count and analysis holds |
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AMBY
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Posts: 503
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| Post: #110 Posted: Wed Aug 24, 2016 8:29 am Post subject: |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #111 Posted: Fri Sep 16, 2016 7:44 pm Post subject: |
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| amitagg wrote: | 8430 remains the key level for next few months
If this is X wave down to unfold in Abc from 8730
triple zigzag from 6825 can still lead to 9100-9300 wherein adverse Breadth topping patterns and different ratios tracking market would start making things more jittery
8390-8430 would be key area and give UP gaps if hit........ |
Sep 24/27 is major Gann turning date
I was expecting 9100 and actually 9300 by this date but is has turned from 8970
Still BUY without FEAR above 8910 (  keeping some stop possibly 8680 if moves above 8910 to target 9300......
If market reacts or consolidates lower but above 8400 trade wont trigger and that's fine...... For positional traders. |
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amitagg
Black Belt
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Posts: 4559
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| Post: #112 Posted: Tue Oct 18, 2016 7:10 pm Post subject: |
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Reiterating the last post.....
Market came very close but did not go above 8910
Also it has consolidated and shown coredtive decline above 8400 and should be considered sideways
Break of trendline connecting the highs it still awaited |
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amitagg
Black Belt
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Posts: 4559
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| Post: #113 Posted: Wed Nov 02, 2016 11:45 pm Post subject: |
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Next update
8390-8430 can come into play ( mentioned in July posts)
I would believe adding one tranche of good quality stocks / MFs AND whether good quality or not ( good charting stocks ) on declines ......
Since a corrective and not impulsive decline underway PLEASE don't get bearish.......
It would or should or can or may hold 8270 ( or 8390) and rise above 9300......
Trade as per system and use discretion based on market reading for filtration
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #114 Posted: Fri Nov 04, 2016 10:21 pm Post subject: |
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| amitagg wrote: | Next update
8390-8430 can come into play ( mentioned in July posts)
I would believe adding one tranche of good quality stocks / MFs AND whether good quality or not ( good charting stocks ) on declines ......
Since a corrective and not impulsive decline underway PLEASE don't get bearish.......
It would or should or can or may hold 8270 ( or 8390) and rise above 9300......
Trade as per system and use discretion based on market reading for filtration
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A day of reckoning ! finally 8430 (-approx) touched .... So we head one sided for 7800 or 9300 now ( after a whip or two around these levels! 
In these times " positional players" ( not me!) ( targeting 700-1000 points) have a low risk entry point of 8240 as strict SL for all longs on single closing basis. Let me try with couple of lots on buy side. Have gone long at 8410 NS. I would trade in and out and make it to cost ( expectation). First profit booking at 8540. Stop has already been told. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #115 Posted: Fri Nov 04, 2016 10:27 pm Post subject: |
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While we see the post below
Have often wondered how many in Icharts trade commodities actively ( not asking currencies) . Not many it seems.
If yes please say " YES" in " Crude Oil Trader " thread......or a separate thread. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #116 Posted: Sat Nov 05, 2016 5:55 pm Post subject: |
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Disclaimer:
levels posted for any tradeable instrument here are meant only for study purpose, do not treat these as recommendation for buy or sell. I am not responsible for any losses incurred by trading based on posts here.
I (either in individual capacity or in any other capacity ) am not running any paid services for any personnel gain and not interested in such services neither at present or nor in future.
I or any body related to me are not receiving any benefit either in monetary form or in any other form from anyone by posting levels here. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #117 Posted: Mon Nov 07, 2016 1:53 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Next update
8390-8430 can come into play ( mentioned in July posts)
I would believe adding one tranche of good quality stocks / MFs AND whether good quality or not ( good charting stocks ) on declines ......
Since a corrective and not impulsive decline underway PLEASE don't get bearish.......
It would or should or can or may hold 8270 ( or 8390) and rise above 9300......
Trade as per system and use discretion based on market reading for filtration
|
A day of reckoning ! finally 8430 (-approx) touched .... So we head one sided for 7800 or 9300 now ( after a whip or two around these levels!
In these times " positional players" ( not me!) ( targeting 700-1000 points) have a low risk entry point of 8240 as strict SL for all longs on single closing basis. Let me try with couple of lots on buy side. Have gone long at 8410 NS. I would trade in and out and make it to cost ( expectation). First profit booking at 8540. Stop has already been told. |
Have taken > 100 points on one lot at 8530 NS. Balance TSL not 8390-8430 but 8460 . Have a plan for re entry of sold lot.. Would post then and there |
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powertrade786
White Belt
Joined: 06 May 2008
Posts: 5
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| Post: #118 Posted: Mon Nov 07, 2016 2:41 pm Post subject: |
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unmatched quality commodities trading calls
donaldbradley.wordpress.com  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #119 Posted: Mon Nov 14, 2016 12:54 am Post subject: |
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To wait to see 8240 which acted as filter of 8270 and have some price supports been taken out decisively for 2 days .....
(Below 8160 is targeting 7975/7700 for me......possibly 7200 and back to complete C wave flat at 6400/6650/6800 levels over some months .....) -
Confirmation of long targets 'only' below 8000 which was a wide range day only for this reason |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #120 Posted: Mon Nov 21, 2016 2:00 pm Post subject: |
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| amitagg wrote: | To wait to see 8240 which acted as filter of 8270 and have some price supports been taken out decisively for 2 days .....
(Below 8160 is targeting 7975/7700 for me......possibly 7200 and back to complete C wave flat at 6400/6650/6800 levels over some months .....) -
Confirmation of long targets 'only' below 8000 which was a wide range day only for this reason |
While moved below 8000
Have gone long small at 7940 now stop 7880 |
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