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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: #1246  Posted: Sat Nov 08, 2014 8:34 am Post subject: |
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| Rahulsharmaat wrote: | thanks to all
have become busy in my organic farming now, so i would like to skip from here, now on.....
take care all dears |
Ok ........ Organic farming means " growing money!!!!!" ?????  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1247 Posted: Sat Nov 08, 2014 4:42 pm Post subject: |
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Shall long around 4893-4900-4905 without ado on hourly sustenance or sideways action above4890/ 4900 .......till 4930 and 4980.
Short trade is out as per system currently ie for Monday.
( since it is 5th wave down from 5200........ And may be only (1) of such 5 done till 4700 followed by abc triangle retrace going up- ONE possibility) .... I should be open to expect much lower levels.)
Step ups may not trigger after all.
Have not planned bottom retrace longs which is possible only after seeing intra day price action on Monday. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1248 Posted: Thu Nov 13, 2014 4:15 pm Post subject: |
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| amitagg wrote: | Shall long around 4893-4900-4905 without ado on hourly sustenance or sideways action above4890/ 4900 .......till 4930 and 4980.
Short trade is out as per system currently ie for Monday.
( since it is 5th wave down from 5200........ And may be only (1) of such 5 done till 4700 followed by abc triangle retrace going up- ONE possibility) .... I should be open to expect much lower levels.)
Step ups may not trigger after all.
Have not planned bottom retrace longs which is possible only after seeing intra day price action on Monday. |
crude in mindst of giving good gap up or down.....after few days.......and preparing for next week or so......only whipsawing this week without direction based on data etc...........
long only above 4795.......except intra day trades which can follow other methods.........
4580.....will be all out long level (for me).....if hits........in gap down(s)
weakness as per chart pattern......but near monthly lows......
as mentioned few weeks back....4600-5300 was "monthly support" area.....and it is likely to break by a 100 or so points before the rise to come........all news discounted (with 200 points falls and rises to trap).....so to say....only positive news not discounted.....
system neither in buy or sell (for positional)......
waiting is best....to pull the trigger....either way OR both ways. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1249 Posted: Thu Nov 13, 2014 4:20 pm Post subject: |
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| amitagg wrote: | i have buy bids at 4878, 4835 and 4798.........may not trigger......strength only above 5013 sustaining and bullish only above 5070 levels.......
cmp 4935 a while back.
waiting since expect this as "preparation" for a more volatile move in "both directions".......with first one likely to turn out as false.....!!!!! (intuitiave personal thinking not based on TA)
So the volatile move happened just after closing yesterday ..... 78.2 ..... Equi 4800-4825 levels....... Key supports are at 4750 and 4650.
Trading strategy to be decided by seeing follow on price action. 73-75 is real. Nov 27 key event follow which bounce ( unexpected) shall come. |
as posted on 5th nov....analysis is same.... |
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amitagg
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| Post: #1250 Posted: Thu Nov 13, 2014 4:24 pm Post subject: |
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further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1251 Posted: Thu Nov 13, 2014 6:07 pm Post subject: |
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| amitagg wrote: | further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
Done the sell side till 4698/4705 from 4723 
SAR on higher qtny so exited
But bearish for today as per charts and system....... But not as per possible " trap" ....... No longs for today. Except after data |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1252 Posted: Thu Nov 13, 2014 6:10 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
Done the sell side till 4698/4705 from 4723
SAR on higher qtny so exited
But bearish for today as per charts and system....... But not as per possible " trap" ....... No longs for today. Except after data |
Having given my profit and towards swing lows, I am out but aggressive traders May just see 4670 etc. down..... From cmp of 4704
Keep booking 20-25 points on shorts and renenter if want to closer to 4715-4720 with having to accept square off prior to data. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1253 Posted: Thu Nov 13, 2014 6:37 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
Done the sell side till 4698/4705 from 4723
SAR on higher qtny so exited
But bearish for today as per charts and system....... But not as per possible " trap" ....... No longs for today. Except after data |
Having given my profit and towards swing lows, I am out but aggressive traders May just see 4670 etc. down..... From cmp of 4704
Keep booking 20-25 points on shorts and renenter if want to closer to 4715-4720 with having to accept square off prior to data. |
Remember the words for shorters : " trap" if data is positive ..... Till then eek out what is possible |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1254 Posted: Thu Nov 13, 2014 8:51 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
Done the sell side till 4698/4705 from 4723
SAR on higher qtny so exited
But bearish for today as per charts and system....... But not as per possible " trap" ....... No longs for today. Except after data |
Having given my profit and towards swing lows, I am out but aggressive traders May just see 4670 etc. down..... From cmp of 4704
Keep booking 20-25 points on shorts and renenter if want to closer to 4715-4720 with having to accept square off prior to data. |
Remember the words for shorters : " trap" if data is positive ..... Till then eek out what is possible |
incidentally I made small profit in longs at 4660...... now exited....would renter long above 4705 (it can be earlier once I do more analysis and price move till upto data)........75 also nearly hit......my first target was 81....it broke.....next was 73.75-75......some more downside may be...... final 70-71......not 65....... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1255 Posted: Thu Nov 13, 2014 8:54 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | further to 2 posts below, do not short crude intra day if above 4720.....only hourly sustenance below 4921-4928 can be bearish again only for intra day.
SAR trade (both sides) is possible with 4721/28-4731/35 as pivot........for 25 points |
Done the sell side till 4698/4705 from 4723
SAR on higher qtny so exited
But bearish for today as per charts and system....... But not as per possible " trap" ....... No longs for today. Except after data |
Having given my profit and towards swing lows, I am out but aggressive traders May just see 4670 etc. down..... From cmp of 4704
Keep booking 20-25 points on shorts and renenter if want to closer to 4715-4720 with having to accept square off prior to data. |
Remember the words for shorters : " trap" if data is positive ..... Till then eek out what is possible |
incidentally I made small profit in longs at 4660...... now exited....would renter long above 4705 (it can be earlier once I do more analysis and price move till upto data)........75 also nearly hit......my first target was 81....it broke.....next was 73.75-75......some more downside may be...... final 70-71......not 65....... |
and yes since I am posting actual trades mostly in this thread........I have "buy" bids at 4635......& 4580...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1256 Posted: Thu Nov 13, 2014 10:01 pm Post subject: |
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| my zone.....bought 4640....shall add to 4580..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1257 Posted: Thu Nov 13, 2014 10:10 pm Post subject: |
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| amitagg wrote: | | my zone.....bought 4640....shall add to 4580..... |
added close at 4635....also to add at 4580/4610.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1258 Posted: Thu Nov 13, 2014 10:13 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | my zone.....bought 4640....shall add to 4580..... |
added close at 4635....also to add at 4580/4610.... |
4665 can be touched today to give 25 points....... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1259 Posted: Thu Nov 13, 2014 10:18 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | my zone.....bought 4640....shall add to 4580..... |
added close at 4635....also to add at 4580/4610.... |
4665 can be touched today to give 25 points....... |
one possibility is close at these levels cmp 4640 ....or bit lower.....and gap down to 4560......wherein one would need to double up....since bargain buying shall come in..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1260 Posted: Thu Nov 13, 2014 11:08 pm Post subject: |
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have added at 4630 also.....
I have been mentioning since a month back....that bottom may be in place before the nov 27 meet....which shall give a stupendous rally or a last gap down.......
these levels are (somewhat) safe levels to buy......4366 and 4600 and 4560 have been mentioned earlier..........
systems in sell mode.....
but "gann+elliott+falling wedge intra + monthly support very bottom" target to 4630 is important support......so expect 30-50 points up from here........OR fall to 4580-4590 and rise back to 4650-4665......
opposite disclaimer: the break of triangle down has come with heavy volumes so this may get only a pullback rally to 4700 levels. |
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