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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Joined: 01 Oct 2013
Posts: 4559
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Post: #1081  Posted: Fri Oct 17, 2014 5:25 pm Post subject: |
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| System has triggered long after some time/ days and I have done that @ 5135. Now it is not my price reading decision point and so I cannot help navigate the trade. Just shall sit till some reverse happens tomorrow or day after |
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amitagg
Black Belt
Joined: 01 Oct 2013
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| Post: #1082 Posted: Fri Oct 17, 2014 8:00 pm Post subject: |
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| amitagg wrote: | | System has triggered long after some time/ days and I have done that @ 5135. Now it is not my price reading decision point and so I cannot help navigate the trade. Just shall sit till some reverse happens tomorrow or day after |
i think market is consolidating above 5070-5100 and average closing of 5114 for past 2 days....and can rise from here on.........CMP 5110. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1083 Posted: Fri Oct 17, 2014 8:38 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | System has triggered long after some time/ days and I have done that @ 5135. Now it is not my price reading decision point and so I cannot help navigate the trade. Just shall sit till some reverse happens tomorrow or day after |
i think market is consolidating above 5070-5100 and average closing of 5114 for past 2 days....and can rise from here on.........CMP 5110. |
so reached 5147 after this post....was away....and have booked for some profit todays trades.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1084 Posted: Fri Oct 17, 2014 10:11 pm Post subject: |
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Crude again followed intra day ew very well c of 100 from 5147 touched near 5047 and since a retraced 61.8 percent from the low to 5147 .. The fall to 5047 retraced 33 -38 percent to 5083 while back...... Taken long at 5055 and booked 22points again for 2 lots.
Also on larger C was getting formed at 5147.....
SL if so,embody is position ally long is 4970.
If holds 5030 level can scale to above 5147 easily ....... No trade unless system/ ew supports. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1085 Posted: Fri Oct 17, 2014 10:17 pm Post subject: |
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[quote="amitagg"]Crude again followed intra day ew very well c of 100 from 5147 touched near 5047 and since a retraced 61.8 percent from the low to 5147 .. The fall to 5047 retraced 33 -38 percent to 5083 while back...... Taken long at 5055 and booked 22points again for 2 lots.
Also on larger C was getting formed at 5147.....
SL if so,embody is position ally long is 4970.
If holds 5030 level can scale to above 5147 easily ....... No trade unless system/ ew supports.[/quote
It was again nice and different day today with 6-7 times turned over and could enter long that 6-7 th time at 5055 instead of first long at 5130-5150 levels.....kept booking profits and reentering slightly lower each time and the spike to 5147 helped exit at cost on first -second longs with other 5 combinations at lower levels giving 15-20 pointers each time.!!!!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1086 Posted: Mon Oct 20, 2014 8:30 pm Post subject: |
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I expect triangle leg to go up from cmp 4990 back to 5035-5055
Risky buy stop 4960.......and change of method and no averaging . |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1087 Posted: Mon Oct 20, 2014 9:23 pm Post subject: |
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| amitagg wrote: | I expect triangle leg to go up from cmp 4990 back to 5035-5055
Risky buy stop 4960.......and change of method and no averaging . |
Booked at 5923. Up 33 points |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1088 Posted: Mon Oct 20, 2014 9:34 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | I expect triangle leg to go up from cmp 4990 back to 5035-5055
Risky buy stop 4960.......and change of method and no averaging . |
Booked at 5023. Up 33 points |
Analysis also right cmp 5047 hit..... |
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amitagg
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Posts: 4559
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| Post: #1089 Posted: Tue Oct 21, 2014 11:39 am Post subject: |
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Bought at 5047 now 2 lots....stop 4960......target 5135 (shall log out earlier)
[ since for so so many days there has been NO loss day in respect of closed positions, just feeling this might turn out to be one1!!!!......so posting.... and have to trade anyways...or may be not... but have already done....just a shuffle in mind.... lets see] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1090 Posted: Tue Oct 21, 2014 1:38 pm Post subject: |
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| amitagg wrote: | Bought at 5047 now 2 lots....stop 4960......target 5135 (shall log out earlier)
[ since for so so many days there has been NO loss day in respect of closed positions, just feeling this might turn out to be one1!!!!......so posting.... and have to trade anyways...or may be not... but have already done....just a shuffle in mind.... lets see] |
Booked 30 points again  |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1091 Posted: Tue Oct 21, 2014 2:03 pm Post subject: |
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crude from 5223-- went to 4995 yesterday
need to break n close below this---
some bounce will be thee |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1092 Posted: Tue Oct 21, 2014 2:07 pm Post subject: |
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| Rahulsharmaat wrote: | crude from 5223-- went to 4995 yesterday
need to break n close below this---
some bounce will be thee |
Thank you Rahul
If u see my posts below for positional longs ( I don't have any or want to) I had mentioned 4970 as stop loss which was not hit yesterday also....
As per my view, it can hit 5135 or even 5276 and then MAY ( IF and but) break below 4970/4925..........
Real selling can be below 4970 only ( I would think then whether to sell or not after seeing he EW formations in he interim) |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1093 Posted: Tue Oct 21, 2014 2:26 pm Post subject: |
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above 5121--- can see again 5225--n more
inverted H&S in making--- need to break neckline |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1094 Posted: Tue Oct 21, 2014 3:20 pm Post subject: |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1095 Posted: Tue Oct 21, 2014 8:00 pm Post subject: |
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| Rahulsharmaat wrote: | above 5121--- can see again 5225--n more
inverted H&S in making--- need to break neckline |
Perfect .... Touched 5118... And went back to 5070 ( I traded 10-20 pointers 2 longs on the way!!!!... Pre bids ..... Didn't need watching price action  |
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