iCharts Discussions

[mikky]

Rocking Amit!
Copied your trade and exited @5210

[amitagg]

Thank you but

if I have to say truly, though in a very limited sense I have tried to put rationale for so many 'not' 5-7 decisions taken to best possible in running and if u peruse down the posts deeper you shall find a word " immediate" used quite often..... Meaning price moving in direction of my post a second(s) (or minute)before.....yet for me there were always many many permutations and combinations working in sub concision and conscious mind.... And my posts were fraction ( hardly 1/20th) of what went into it..... Further if I have to say further truly ... While I can help and assist people and friends... Be it on icharts or otherwise, I 'cannot ' OR 'actually unable' reveal SPECIFIC and IDENTIFIED ( it is not perfunctory or generic but recognised in internal human system) "the edge" which encircles these trade decisions in terms of "price recognition behaviour" OR it terms of "Technical analysis" " combinations" used. ( I also heard this from someone in person)

Each trader profile is different and while we hear systems developed and shared, seminars run in advanced at courses, etc etc. trading live is not taught except on few occasions( pls share if so called successful Indian traders have regularly given live trading demos)

I take the liberty of quoting the above only basis my trades over past few months.

This would end my long discussions and analysis and I would concentrate on my trading and share wherever possible in a "normal way."

(These comments only in respect of past 3 says action- Navigating thru a difficult trend and then immediately turning over a profitable opportunity is something which is possible " regularly" not incidentally . My traded cannot be reflexed or copied the way I intend them to be - like first day when I sold at 5355 with high at 5357 and target given was 5363 and neither the inverse hs formed above 5365 which too it to 5391 basis ew only.... And neither the 2-3 minute 30-40 pointer trade of today....... If anyone is seeing my posts, they themselves shall recognise that they would have ended up in some losses.... Since the price action was swift after my posts.... Also remember my clear post of professional gap down first thing today.... I am citing 3-4 examples of our 30-40.... Trade decisions taken over past 3 days only to tell that trading my trades may not be profitable for others in the first instance since I do not have a otherwise more generic trade personality)- this is only my message. My trading results can drastically differ from those who follow the posts since I truly believe no one can replicate OR NEED TO my style which comes out in conversations and trading which gives my pleasure in trading).

In fact one shall NEVER be able to follow what I say( shall realise what emotions who bought long yesterday would have felt in morning today- just to add that my comment of a " a professional gap" is a exact TA based ( separate study required) approach not my whim and fancy which I posted in morning) ( intact it is impossible for others to realise that I have followed ALL psychological and TA based trade set ups and during a trade - decisions to exactly what I have stated since it is part of every human being to believe that he is right. I think I should conclude the discussion though it is NOT required this way now.)

[amitagg]

trade crude on long side despite choppiness....can hit below 5125 and can hit above 5230/......

yesteday lost 40 on sell side on one lot... realised .....and morning today gained 30 on 3.....

a while back...5150 bought again...see earlier posts....and booked at 5166....

have buy bids at 5127, 5107, 5075.........

closed tomorrow markets......

would buy the gap down on reopening.....again if it happens......

no Sl until 4950 starts going..... or as per time cycle 4-5 days passes more.

likely.....range bound move till then......

nymex still 84 odd....can hit 81 though......
i consider selling still riskier....also in live trade....lost on selling side and gained twice on longs...so more confident long...ing!!!!!!

5150....is also upper (post breakout)and lower trendline support for past 5 days....

[amitagg]

Cmp 5104 average cost for 2 gone at 5120......

It hit 81.33 close to my extended c level of 81 in this wave decline......... So it's bottom now for me50-70 points here and there.......

See when cmp was 5166 I placed but bids at 5131 and 5107 so was expecting in sub conscious mind these basis price recognition...... But was unwilling to sell at 5166 till these levels..... This is normal for a trader

I would NOT now have improved as a trader beyond the daily bread and butter trades if I am unable to exit these 2 at above 100-200 profit........

Hoping for a gap down opening tomorrow ( this is a wish not TA or logic) so that can double the buys.......

[amitagg]

80.86 hit..... Hoping it does not rise till tomorrow......
79 can give 4850-4900 also...... Would double up (2nd) again.. Not giving this lucrative opportunity in any case
Seemless fall shall bring swift rise......... But when? .....
Did anyone short basis TA at 5100-5200-5275 levels? Didn't see happening
Did anyone long..... Or not sure.? Or convinced?
I heard of 4500-4600 .... Me only to go long now.....!!!!
Let's experience the free fall and bear grip......let's tame the bear

[mikky]

Amit,
Be careful man, I heard (could be rumour) Crude is going to touch 65-70$ and Precious metal going to touch life time high.
It could be rumour... telling you just for awareness.

[amitagg]

[amitagg]

Also to tell
Nov 27 - Saudi Arabia meeting
Today American petroleum institute shall come with numbers
Tomorrow again inventory data
Gulf is ready to hold 80 dollars
I mentioned shale gas as a challenge for crude in my earlier posts
Demand supply ( commercial) is bearish

Demand supply - technical analysis - crude in in "monthly demand " zone of 4700-5300 and for me shall remain so for next 4 months ......... Or move out higher.......!!!!!

[amitagg]

Please note: I have already mentioned that others may not be able to trade my levels. My margin in crude is hardly 1/5th of what I keep for nifty/ stock trading even when I double upsssssss. So by position sizing I have inbuilt cushion and also ( trading/ strategic) capacity to leverage. It is only "profits" ( not capital) which one can use for trading...... And converting supposed losses into winners time and again.

[amitagg]

After going down 120 points in Inr terms, it back to 82......cmp 5100. I posted in morning that I wanted it to remain at 80.4 -81 levels....likely touch of 84 possible before the next downturn OR or higher low

Does any one know who one can hedge or trade in international markets as we'll - ie crude.?????? Like we can theoretically trade Dow etc if I am not wrong but volumes don't support???? On Indian exchange

25000 USD remittance allowed as per RBI generally I guess.......for overseas exchange trades. .? - this option is second

Anyone knows how can trade crude - 24 hrs on Indian exchange ( 12 hrs sufficient just asking theoretically if for eg some night shift employees want to trade crude....)

Just asking theoretically to understand market dynamics

[mikky]

Crude bounced to $81.31, on weak Dollar index... brave call amit!!!
Going long on crude is not for faint heart...

[amitagg]

would be buying 5020-5030 region is if reaches there.........again small lots......i have traded long down from 5350 if u see......when it was 5350....i mentioned 120 points down.....it closed at 5243 that day.....then 5100 support.......mentioned earlier of 4950 extreme bear target.......its all trading that matters.....not always opinion

i lost on sell side one but have not so on my longs .....and want to remain in there to "may be" convert a small one to positional long......that is still tricky and i am be inclined just to go by my "chart reading" and square off the profits.........

if u see, i can capitalising on my profits only.......just wait and keep watching!!!!

just as Nifty has started falling (Sgx 140 down) and I was (near) first to mention of sell at 7950-8050 before market touched 8180......and profitted that position also......i can hold and profit this one too......

on the contrary i do not want to be caught on the wrong side at bottom.....even if it is not.....i have traded such method too too often......i keep buying lowee.....not higher if you see.....there is a "method" in it......i have done that for stocks also in over 200 Rs vertical falls.....etc.... catching the ear from reverse

[amitagg]

[amitagg]

Long averaged at 5005 cmp 4975

[amitagg]