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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Joined: 01 Oct 2013
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Post: #1036  Posted: Fri Oct 10, 2014 4:52 pm Post subject: |
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| now 5203 and intra target done......i have booked 18 points on 75% |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1037 Posted: Fri Oct 10, 2014 5:00 pm Post subject: |
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| amitagg wrote: | | now 5203 and intra target done......i have booked 18 points on 75% |
its deveraged now.....ew intra counts saved the day....is somone actually sees......over 15 trading point decisions went into it... from start i have been explaning the gap movement etc.......
now fresh buy after ema crosses and "system" triggers bull tomorrow.....
OW by inutitive EW logic / counts i shall again buy at below 5100 levels..
holding 5 lots only
(should reach gap area to 5230/5245 today or tomorrow) |
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amitagg
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| Post: #1038 Posted: Fri Oct 10, 2014 5:46 pm Post subject: |
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squared off all at 5197 despite nice channel forming.....since seen near trendline resistance from 5885 at 5222......
re entry to be determined afresh as per system now
also to see if (v) of 3 from 5885 to form lower from 5209/5230.....on bigger onbe approach of 75 (V 81 approach) |
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amitagg
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| Post: #1039 Posted: Fri Oct 10, 2014 5:51 pm Post subject: |
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| cmp 5175 stop for any longs as per EW is 5150...if it has to touch 5230 it should reverse above otherwise assume that (v) down is forming |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1040 Posted: Fri Oct 10, 2014 6:06 pm Post subject: |
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bought 1 @ 5170 again....stop at 5000 would also be in overall profit for past 2 days trades
expect sideways action still.....qnty again back to extemely thin....to build up
(expecting 5230 first before below 5120 if it has to happen - CAN be wrong here)
cant leave catching bottom; have to be in there... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1041 Posted: Fri Oct 10, 2014 6:12 pm Post subject: |
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| amitagg wrote: | bought 1 @ 5170 again....stop at 5000 would also be in overall profit for past 2 days trades
expect sideways action still.....qnty again back to extemely thin....to build up
(expecting 5230 first before below 5120 if it has to happen - CAN be wrong here)
cant leave catching bottom; have to be in there... |
these are times when most fearful would dare to tread (why not buy at above 5000 region still)...81 shall get closer there
pretty sure retail would find difficult to short these levels who have learned TA of course........... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1042 Posted: Fri Oct 10, 2014 6:14 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | bought 1 @ 5170 again....stop at 5000 would also be in overall profit for past 2 days trades
expect sideways action still.....qnty again back to extemely thin....to build up
(expecting 5230 first before below 5120 if it has to happen - CAN be wrong here)
cant leave catching bottom; have to be in there... |
these are times when most fearful would dare to tread (why not buy at above 5000 region still)...81 shall get closer there
pretty sure retail would find difficult to short these levels who have learned TA of course........... |
cmp 5150 another low below 5100 shall come if 5150 does not hold well |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1043 Posted: Fri Oct 10, 2014 6:19 pm Post subject: |
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again mentioning that we are bottoming out at these 100-200 point levels and attempt should be to remain in market......
expecting sideways action from 5050-5350 levels ....even if 5100 breaks....
trendline should break wiht this sideways action followed by next few weeks of uptrend AFTER this 2-3 week period.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1044 Posted: Fri Oct 10, 2014 6:27 pm Post subject: |
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however bought 2 @ 5165 finding qtny to thin to trade at supposed bottoms
(remember 5 waves downfall in commodities can be sharp....i am just following my trading style ....since every ew set up has an "RETRACE" which can be effectively used for trading positions (scaling in and out)...more properly exits.)
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | bought 1 @ 5170 again....stop at 5000 would also be in overall profit for past 2 days trades
expect sideways action still.....qnty again back to extemely thin....to build up
(expecting 5230 first before below 5120 if it has to happen - CAN be wrong here)
cant leave catching bottom; have to be in there... |
these are times when most fearful would dare to tread (why not buy at above 5000 region still)...81 shall get closer there
pretty sure retail would find difficult to short these levels who have learned TA of course........... |
cmp 5150 another low below 5100 shall come if 5150 does not hold well |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1045 Posted: Fri Oct 10, 2014 6:32 pm Post subject: |
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market is in a normal and relaxed zone now....with usual patterns, ew, channels etc. forming and giving trading opportunities......
(gap ups gives profit if in market, gap downs allow to add up).....(again NOT normal couse to be applied in all market conditions......just based on EW counts where any ONE individual PREDICTS a bottom and trades that basis consistently)
remember 3 -4 ??gaps down have already occured from 5885.....should be sanity now for next few days..... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1046 Posted: Fri Oct 10, 2014 6:34 pm Post subject: |
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| CMP 5170...somehow again i am "sensing" move above 5210 today itself....5150 bottom and have held for few minutes..... 2 lots open at 5165 as detaileddddddddddddddd......below |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1047 Posted: Fri Oct 10, 2014 6:36 pm Post subject: |
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| amitagg wrote: | | CMP 5170...somehow again i am "sensing" move above 5210 today itself....5150 bottom and have held for few minutes..... 2 lots open at 5165 as detaileddddddddddddddd......below |
wow what a sense again....could guess the "first resitance" at 5203 and also
key support at 5150 and now 5188.....................
booked 1 at 20 pointer again 
at time of sending 5193 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1048 Posted: Fri Oct 10, 2014 6:37 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | CMP 5170...somehow again i am "sensing" move above 5210 today itself....5150 bottom and have held for few minutes..... 2 lots open at 5165 as detaileddddddddddddddd......below |
wow what a sense again....could guess the "first resitance" at 5203 and also
key support at 5150 and now 5188.....................
booked 1 at 20 pointer again
at time of sending 5193 |
booked 2 at 5198..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1049 Posted: Fri Oct 10, 2014 6:39 pm Post subject: |
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while i was posting it touched 5205 ......can t be more precise....
guessing movements every minute and finding difficult to give simulatneous running commentary |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1050 Posted: Fri Oct 10, 2014 6:45 pm Post subject: |
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now tell me if anyone can follow the posts and trade what i am doing......in front of screen......its not possible.....we need to have own trading style.....my style is suited for intra day moves...and despite what anyone says of intra day trading in general....i do capture them
that is also in hindsight a negative is trading that it does not allow you to have "big" profits......only consistence has to be maintained....which is possible for me only in Crude.
and market can falter anybody anytime.....so while the going is good...keep going......difficult to master markets over a longer time i would still maintain..... |
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