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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: #1111  Posted: Fri Oct 24, 2014 9:39 am Post subject: |
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Crude : Bought one lot at 4995 yesterday since longs were always profitable except Wednesday. unless it breaks past 82 downtrend continues...... Even if it does not sure what can happen.
Shorted dec at 8100 nf 2 lots .... |
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amitagg
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Joined: 01 Oct 2013
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| Post: #1112 Posted: Fri Oct 24, 2014 9:49 am Post subject: |
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| amitagg wrote: | Crude : Bought one lot at 4995 yesterday since longs were always profitable except Wednesday. unless it breaks past 82 downtrend continues...... Even if it does not sure what can happen.
Shorted dec at 8100 nf 2 lots .... |
Let me add that I have profited in longs all way down from 5350-4925 even......400 points fall..... Not due to any personal preference
BUT BUT
Crude is in professional " monthly demand zone" at 4600-5300 and hence I started trading long expecting 5100 to be key level where bargain buyers would enter....... As can be seen from price action since ..... Crude is stagnant in 5000-5100 range.
I would love to go long at 4600-4800 levels if I see them .......again trading not positional positions even though a very good demand level from where it can rise to 5800-6300 also.....? Being trading positions exit if " managed extremely swiftly" can lead to profitable trades. |
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amitagg
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| Post: #1113 Posted: Sat Oct 25, 2014 6:47 pm Post subject: |
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Expect crude to find bottom at usd 73.75-75 nymex and around 4600 mcx ..... Which is most solid support from 33-147 levels........
So shall be a willing buyer ( ie shall look for more points profit than currently on positions) at around 4600-4800 levels .
EW allows early entries apart from the crowd. |
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amitagg
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| Post: #1114 Posted: Mon Oct 27, 2014 1:19 pm Post subject: |
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Have buy bids lower to 4910 to 4875 levels....... Cmp 4995 ..... Bullish only above 5060......... Can hit 4800 in a week if weakness persists ....
Fresh short entry for those who want to try is below 4935 only. ( I am not going short) |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #1115 Posted: Mon Oct 27, 2014 5:16 pm Post subject: |
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at 5200 i said u
5230--wont cross-- new low coming
then 5121 didnt cross
yesterday touched low of 4945
today again at same range |
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Rahulsharmaat
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| Post: #1116 Posted: Mon Oct 27, 2014 5:58 pm Post subject: |
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my work over
new low made below 4940 |
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amitagg
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| Post: #1117 Posted: Mon Oct 27, 2014 6:18 pm Post subject: |
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| Rahulsharmaat wrote: | my work over
new low made below 4940 |
Excellent! What's important is when it rose 275 points to 5200..... U said new low coming!!!!!! And shorted at top with precisely given SL level
That's why u need to post regularly for all.........and like nifty post some method also if available as guidepost ( as we have very good Rohans method in lead- aluminium thread) |
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amitagg
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Posts: 4559
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| Post: #1118 Posted: Mon Oct 27, 2014 8:47 pm Post subject: |
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| amitagg wrote: | Have buy bids lower to 4910 to 4875 levels....... Cmp 4995 ..... Bullish only above 5060......... Can hit 4800 in a week if weakness persists ....
Fresh short entry for those who want to try is below 4935 only. ( I am not going short) |
Again buys worked. See the levels for. In posted way down when cmp was 4970-5000 and low was 4898.
Cmp 4965........ Had taken earlier exit at 4935 for 30 pointer since system was in sell.
Longs have worked 100 percent of the time 
Now shall buy lower to 4875 only ...... Or tomorrow if system triggers buy.... Likely not |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1119 Posted: Tue Oct 28, 2014 12:54 pm Post subject: |
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Crude for today is bearish below 4935/4945.......may be it can target above 5000 to 5016 (or most 5060)......just "display bullishness" (not actually bullish) above 5000 only to fall below 4940 later today or tomorrow when new data comes in.....
.......following the fall after / before data tomorrow, it shall again "rise".........
Only profitting in longs even today already above pivot levels......
but now have placed a risky sell at 4940 levels......to target 4905/4875 [ it may not trigger also...).......just a volatility trade and not otherwise "trading bearish" but trading "only bullish".........
cmp 4980. |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1120 Posted: Tue Oct 28, 2014 5:01 pm Post subject: |
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| Crude bought at 4931,,, almost 100 points up,, |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1121 Posted: Tue Oct 28, 2014 5:07 pm Post subject: |
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Inverted HS neck line 5000,,, can see 5100,, sl 4969
Need to touch 5040, n back to 5020 or so,, n if cross 5040 again
2 nd IHS.......Neck line 5040,,,,, can see 5160..80 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1122 Posted: Tue Oct 28, 2014 5:49 pm Post subject: |
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| Rahulsharmaat wrote: | Inverted HS neck line 5000,,, can see 5100,, sl 4969
Need to touch 5040, n back to 5020 or so,, n if cross 5040 again
2 nd IHS.......Neck line 5040,,,,, can see 5160..80 |
Yes thanks a lot for posting
we are trading totally opposite but BOTH profiting ( that is the unique and unexplainable nature of market) though profitting in different dimensions with you taking the cream of the moves....... 
Yesterday when u bought at 4931 I exited my longs at 4900-4905 around 4935
Today when it went long at 4983 and I sold my longs at 5010/5013 levels...... As mentioned in morning post..... The first side of move UP is underway ..... Still believe some negative surprise can come and kill the up move anywhere at 5060-5100.
My aim is to get daily " mean" profit and missing the larger moves....... Also since I was running opposite to trend due to my demand - supply trading moves, I have had to book my longs much earlier always. I am still happy to maintain " consistency" of results and I am not focussing on the magnitude. I am at a lower stage of trading progession and happy to see how it unfolds. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1123 Posted: Tue Oct 28, 2014 5:57 pm Post subject: |
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| Longs booked at 5025,, will letter on,, |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1124 Posted: Tue Oct 28, 2014 6:01 pm Post subject: |
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| Short at 5020 now with sl above 5042 |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1125 Posted: Tue Oct 28, 2014 6:05 pm Post subject: |
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| Sl now above day high,, fun if break 4979 |
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