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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Post: #1141  Posted: Thu Oct 30, 2014 8:45 am Post subject: |
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Would like to buy and hold around 5018-5025 levels
AB=CD complete at 5095 if it is abc corrective then longs are risky....... It may not make higher high before falling below 4995..........
If is is C wave corrective rise, then a higher high beyond 5095 to 5150-5180 can result ........
If it is start of bull impulse, then SL can only be 4955-4960 levels........
If it is triangle abcde corrective 4th wave in progress wrt to fall from 5885, then it shall be sideways to 4940-5200.......
Likely that C or 4th is not complete and shall compete above 5100......
Bull clear run only above 5355.... Sustaining. |
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amitagg
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| Post: #1142 Posted: Thu Oct 30, 2014 11:13 am Post subject: |
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| amitagg wrote: | 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 ....... |
Shorts can be initiate from here on.......as mentioned above earlier, monthly top ranges......... |
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amitagg
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| Post: #1143 Posted: Thu Oct 30, 2014 5:34 pm Post subject: |
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| amitagg wrote: | Would like to buy and hold around 5018-5025 levels
AB=CD complete at 5095 if it is abc corrective then longs are risky....... It may not make higher high before falling below 4995..........
If is is C wave corrective rise, then a higher high beyond 5095 to 5150-5180 can result ........
If it is start of bull impulse, then SL can only be 4955-4960 levels........
If it is triangle abcde corrective 4th wave in progress wrt to fall from 5885, then it shall be sideways to 4940-5200.......
Likely that C or 4th is not complete and shall compete above 5100......
Bull clear run only above 5355.... Sustaining. |
Buys have triggered
As we need to change trading strategies for specific market moves, having hit a higher high and broken downtrendline
Now if may make higher low above 80, so it can fall to 4960-4980 also. While as per one method the early Bulls like us may be trapped by e smarter players buy a quick move below 4900..... And then up again.
As per another method, the 4960 level should not be broken ( to capture 60 pointer SL range from 4900-4960) |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #1144 Posted: Thu Oct 30, 2014 5:56 pm Post subject: |
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Buy above 5027,, went to 5095,
short created below 5039,,,with sl 5061 |
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amitagg
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| Post: #1145 Posted: Thu Oct 30, 2014 6:29 pm Post subject: |
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| Rahulsharmaat wrote: | Buy above 5027,, went to 5095,
short created below 5039,,,with sl 5061 |
Any open trades .... Or triggers .....
I exited my some today's longs for daily 25 points cmp 5044 . And shall add again lower to 5000 levels or wait to see break above 5090 to book balance around 5110/5125/5150..... |
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amitagg
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Posts: 4559
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| Post: #1146 Posted: Thu Oct 30, 2014 7:04 pm Post subject: |
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| amitagg wrote: | | Rahulsharmaat wrote: | Buy above 5027,, went to 5095,
short created below 5039,,,with sl 5061 |
Any open trades .... Or triggers .....
I exited my some today's longs for daily 25 points cmp 5044 . And shall add again lower to 5000 levels or wait to see break above 5090 to book balance around 5110/5125/5150..... |
Bought back those lots lower again  to 5020.....
Will add at at till 4965 very small gradual |
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amitagg
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| Post: #1147 Posted: Thu Oct 30, 2014 7:14 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Rahulsharmaat wrote: | Buy above 5027,, went to 5095,
short created below 5039,,,with sl 5061 |
Any open trades .... Or triggers .....
I exited my some today's longs for daily 25 points cmp 5044 . And shall add again lower to 5000 levels or wait to see break above 5090 to book balance around 5110/5125/5150..... |
Bought back those lots lower again to 5020.....
Will add at at till 4965 very small gradual |
Bought 5000 |
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amitagg
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Posts: 4559
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| Post: #1148 Posted: Thu Oct 30, 2014 7:26 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | Rahulsharmaat wrote: | Buy above 5027,, went to 5095,
short created below 5039,,,with sl 5061 |
Any open trades .... Or triggers .....
I exited my some today's longs for daily 25 points cmp 5044 . And shall add again lower to 5000 levels or wait to see break above 5090 to book balance around 5110/5125/5150..... |
Bought back those lots lower again to 5020.....
Will add at at till 4965 very small gradual |
Bought 5000 |
2 stage long done at 5015-5025 and 4990-5000 levels with one pending at 4965-4978 levels...... Then a wait and watch game |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #1149 Posted: Thu Oct 30, 2014 7:26 pm Post subject: |
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short of 5039--- made 4992
hold |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1150 Posted: Thu Oct 30, 2014 7:30 pm Post subject: |
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| safe traders book 50 point gain at 4990 |
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amitagg
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| Post: #1151 Posted: Thu Oct 30, 2014 7:55 pm Post subject: |
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| Rahulsharmaat wrote: | | safe traders book 50 point gain at 4990 |
Just too good and with the trend always  |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1152 Posted: Thu Oct 30, 2014 8:03 pm Post subject: |
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| again short at 5020--sl 5047 |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1153 Posted: Thu Oct 30, 2014 8:07 pm Post subject: |
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| amitagg wrote: | Good to see chart and view contributions also for commodities in icharts
To take long term crude counts, crude is giving an abc x abc combo
Hence I draw the trend line not as per convention by joining 3 points BUT
What the ew 0-2 or 2-4 are over the long term
Looking at that for me crude is completing is longer term correction and is forming final c of the quote above
Could not get to draw in actual chart but only observed ....
Like nifty formed a "C" low at 5116 for all EW time frames which shall not be broken in our lives.......
Crude May form at in 70-81 region.( not remembering precise levels)..... Actual log chart long term 2000 or 1980 odd if someone has pls post ... We shall all see that and mutually analyse
For me it is I'm very lower ranges
( this is for chart study since trading is altogether different ball game)
Long term Log chart is required to see timing of the bottom after drawing a Chanel from at low 2-4 or 0-2 point
Then we can break he waves as per our interpretation and analyse |
This was written many weeks back ..... Crude still fighting 81 as now..... To know whether 75 shall come or this is final c wave......
Likely 75 levels possible in fast moves...... So that there are no longs left ....
Since move curent appears 4th of 5th of either C from 5885 "or abcx abc C from 6500 "or final 4th of 5 of 5 impulse from 6500 |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #1154 Posted: Thu Oct 30, 2014 8:17 pm Post subject: |
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Sl trail to 5022--
long above 5032 |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1155 Posted: Thu Oct 30, 2014 8:36 pm Post subject: |
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crude Babaji
jai jai siya raam
new day low now |
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