iCharts Discussions

[amitagg]

[mikky]

Thank you Amit!!!

[amitagg]

3 lots bought at 5295 as per afternoon bids and price when noticed last was 5290

I expect sharp bounce back from 5215-5250 levels ...... Those interested may not miss the opportunity .... I am buying at every level in that region

Stop can be 5100 ( calculated by various methods ) crude I'm extreme bearishness can hit 4950

Target 5390/5460 easy 1:1 and more..... Or as per appetite

Let's see
When i trade I don't worry

[amitagg]

[amitagg]

Have had to double @ 5195 average
( May be it shall hit 81 and bounce back)
It's bottom of trend channel for nymex
Cmp 5125
For SL it has to fall below 5100 and then shall sell the retrace
83.7 cmp

On another count if is (iiii) only of 3 of V in progress and iv pullback on long side pending

And later (v) of 3 and also 5 to unfold till 75

[amitagg]

I expect this to be a "professional gap down" based on "supply demand " and market to retrace to fill gap to 5230

( in one of kind events which occur very few months / years) - all estimations can go awry)

Have to trade the plan / ew counts in all occasions

[amitagg]

Good to see chart and view contributions also for commodities in icharts

To take long term crude counts, crude is giving an abc x abc combo
Hence I draw the trend line not as per convention by joining 3 points BUT
What the ew 0-2 or 2-4 are over the long term

Looking at that for me crude is completing is longer term correction and is forming final c of the quote above

Could not get to draw in actual chart but only observed ....

Like nifty formed a "C" low at 5116 for all EW time frames which shall not be broken in our lives.......

Crude May form at in 70-81 region.( not remembering precise levels)..... Actual log chart long term 2000 or 1980 odd if someone has pls post ... We shall all see that and mutually analyse

For me it is I'm very lower ranges

( this is for chart study since trading is altogether different ball game)

Long term Log chart is required to see timing of the bottom after drawing a Chanel from at low 2-4 or 0-2 point

Then we can break he waves as per our interpretation and analyse

[amitagg]

CMP 5175

have averaged "all" to 5190.....resistance 5194/5201/5220/5230 for today......

TSL for todays' trades at cost 5130.....

intra day buy now (me not ) since the start from 5123 is likelty to move us in 5-3-5 or ABC, with B at 61.8% to 5144 so considering 80% retrace put stop at 5130............

shall add lower to 5030-5080 levels if the trades for today hits the stop (at cost) at 5130......

otherwise shall exit at 5200 region today's trades (to lighten up).......(holding balance 50% approx) for later......or till 5230/5266 (shall watch price action then and decide)

[amitagg]

CMP 5162....i expect it to hit 5194 today

[amitagg]

further if my ew prognosis is correct "just the 3" from today shall have minimum target of 5186...with % whether it is 5-5-5 zizzag or ABC correct since C is also a 5-wave......shall be above 5200 quite clearly.....lets see

for conservative traders, the trendline from low of today can be trailing stop.....not for me.. i dont mind exiting todays at cost

[amitagg]

there are "multiple" "4" waves working today which are supporting the rise....ie "corrective bull" waves..also i expect this to be not a "flat" so likely up to 5201/5207 today itself

[amitagg]

while this is my intuitive ew analsyis, the "system" itself shall trigger an intra buy on 30tf moves above 5177 (IF it happens)...quite often the impulse is kept till end of day.

[amitagg]

All trades replicated by my trades have reached near cost.....at 5184-5188..... I am holding for a 20 pointer evening gain....( IF it comes about)

Expect 5203 where the first resistance shall be hit.... It can easily travel to 5230 in one spark

[amitagg]

I have staggered sell bids at 5205/5212/5225/5243 otherwise back to square one as in morning today if Tsl goes at 5130

[amitagg]