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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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Post: #1126  Posted: Tue Oct 28, 2014 6:35 pm Post subject: |
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| Crude short of 5020 now 4982,, gain 38 points |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1127 Posted: Tue Oct 28, 2014 7:04 pm Post subject: |
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| Crude short of 5020,, now 4970,, safe traders book 50 points,, rest tsl now at 5002 |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1128 Posted: Tue Oct 28, 2014 7:34 pm Post subject: |
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If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1129 Posted: Tue Oct 28, 2014 8:00 pm Post subject: |
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| Rahulsharmaat wrote: | If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
Ok thanks |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1130 Posted: Tue Oct 28, 2014 8:26 pm Post subject: |
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| hope u enjoyed short at day high |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1131 Posted: Tue Oct 28, 2014 8:33 pm Post subject: |
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| Rahulsharmaat wrote: | | hope u enjoyed short at day high |
No mixed ur post but did make few points below 4980 short........now poised interestingly .... Buy above 5010 and sell below 4973....
Cmp 5003 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1132 Posted: Tue Oct 28, 2014 8:39 pm Post subject: |
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| Rahulsharmaat wrote: | If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
Yes as mentioned in morning itself, I too expect fall rather than rise ....... IE bottom yet to be made......
As per EW the waves not showing an impulse rise for me |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1133 Posted: Tue Oct 28, 2014 8:44 pm Post subject: |
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| amitagg wrote: | | Rahulsharmaat wrote: | If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
Yes as mentioned in morning itself, I too expect fall rather than rise ....... IE bottom yet to be made......
As per EW the waves not showing an impulse rise for me |
Even as per w-x-y corrective it can rise IF ( EDITED AND ADDED) above 5015 to above 5060..... Within this " corrective ( rise)" of the fall happening...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1134 Posted: Tue Oct 28, 2014 8:49 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Rahulsharmaat wrote: | If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
Yes as mentioned in morning itself, I too expect fall rather than rise ....... IE bottom yet to be made......
As per EW the waves not showing an impulse rise for me |
Even as per w-x-y corrective it can rise IF ( EDITED AND ADDED) above 5015 to above 5060..... Within this " corrective ( rise)" of the fall happening...... |
So shorted now at 4991 ( correct level was to be 4985) any how ... With stop at 5115........ Let's see how the short fare and IF can do as well as my previous longs |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1135 Posted: Tue Oct 28, 2014 10:51 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Rahulsharmaat wrote: | If today.high is protected,, new low will.come
crude 4960 now, almost day low,,, |
Yes as mentioned in morning itself, I too expect fall rather than rise ....... IE bottom yet to be made......
As per EW the waves not showing an impulse rise for me |
Even as per w-x-y corrective it can rise IF ( EDITED AND ADDED) above 5015 to above 5060..... Within this " corrective ( rise)" of the fall happening...... |
So shorted now at 4991 ( correct level was to be 4985) any how ... With stop at 5115........ Let's see how the short fare and IF can do as well as my previous longs |
Have squared at 4980 since don't want to carry overnight...;, likely opening at same closing levels tomorrow..... And sideways moves till evening tomorrow |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1136 Posted: Tue Oct 28, 2014 11:20 pm Post subject: |
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As per EW crude sketching " bearish" short term
- symmetrical triangle
- double combination of flat and triangle in corrective formation
- likely x abc corrective rises
- still to break trendline upper decisively
- likely 4th wave impulse fall ongoing in minor counts instead of 1 or 3 from low of 4898
All pointing lower levels to come...... ( from trading perspective corrective rises can continue and hence trading will have to consider various other facets, data, price line and system ) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1137 Posted: Wed Oct 29, 2014 10:19 am Post subject: |
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On the contrary gapped up to above yesterday's high...... Timely exit yesterday again.....
Now watching price action for few hrs. No trigger yet |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1138 Posted: Wed Oct 29, 2014 3:22 pm Post subject: |
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Appears that a fall shall come from near high or little above high......NF...... As per pattern study, it is not suggesting break to above 8300. And fall back to 7800-7900 very likely.......,
May be a gap up big one is waiting for trapping the late Bulls....... So wait for shorts.
Short can be initiated even if there is a big gap down due to event news etc.
It's likely sideways at best on monthly so don't mind selling the tops ....... |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1139 Posted: Wed Oct 29, 2014 6:49 pm Post subject: |
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Crude bought above yesterday high of 5027,, now 5085..
Almost 50 points,, safe traders book
rest tsl at cost at 5027 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1140 Posted: Wed Oct 29, 2014 7:55 pm Post subject: |
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[quote="Rahulsharmaat"]Crude bought above yesterday high of 5027,, now 5085..
Almost 50 points,, safe traders book
rest tsl at cost at 5027[/quote |
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