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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #1261  Posted: Thu Nov 13, 2014 11:35 pm Post subject: |
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| amitagg wrote: | 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. |
booked few at 20 points @ 4653.....first intra day "line" resistance...and waiting to add at 4590 and 4570 tomorrow or next few days...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1262 Posted: Fri Nov 14, 2014 2:10 pm Post subject: |
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| Averaged "added".......to 4560...cmp 4540.........only one gap down pending if it has to happen..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1263 Posted: Fri Nov 14, 2014 2:26 pm Post subject: |
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| amitagg wrote: | | Averaged "added".......to 4560...cmp 4540.........only one gap down pending if it has to happen..... |
triangle pattern target breakdown done .....of 200 points....and also at low of monthtly weekly daily levels currently....
bargain buying area for sure.......
only thing pending is ONE break to smash the "longs" [edited] who don't have appetite or patience......to 4366....equi 70-71 USD followed by vertical pullback to 75 levels....... or a rise from here....
I expect 4600 to be touched today.......cmp 4540/5
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1264 Posted: Fri Nov 14, 2014 4:01 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Averaged "added".......to 4560...cmp 4540.........only one gap down pending if it has to happen..... |
triangle pattern target breakdown done .....of 200 points....and also at low of monthtly weekly daily levels currently....
bargain buying area for sure.......
only thing pending is ONE break to smash the "longs" [edited] who don't have appetite or patience......to 4366....equi 70-71 USD followed by vertical pullback to 75 levels....... or a rise from here....
I expect 4600 to be touched today.......cmp 4540/5
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back and seeing 4600....  RUPeeeeeeeeeeeeess......!!!!!
(holding few...and shall take positional call to add later.....)
only long given money!!!!!.....so so strange........ |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1265 Posted: Fri Nov 14, 2014 6:46 pm Post subject: |
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Having posted the crude trades and all intra day ( boring since without charts) commentary for so many weeks, I would now like to temper down the posts.
Not sure anyone was following or was assisted in understanding the psychology and trading method and relevant TA decision points aiding to trade the commodity. Not sure I could explain enough.
This month also resulted in few learnings for me and I take that forward since I am going to trade only this one!!!! ( with some impulsive Nifty trading and occasional purely supply demand based stock future trades).
Regards |
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sandeep100
White Belt
Joined: 20 Jan 2013
Posts: 10
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| Post: #1266 Posted: Fri Nov 14, 2014 8:32 pm Post subject: |
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| excellent chart reading & EW analysis. Your posts are valuable. Please keep sharing. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1267 Posted: Mon Nov 17, 2014 9:19 pm Post subject: |
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i have no right to post here...
But i was right that crude will see big pain--- it hit 4540 n low
No shorts left in hand now..
reshorts from 4880--- all booked |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1268 Posted: Tue Nov 18, 2014 9:23 am Post subject: |
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| Rahulsharmaat wrote: | i have no right to post here...
But i was right that crude will see big pain--- it hit 4540 n low
No shorts left in hand now..
reshorts from 4880--- all booked |
anybody has right to post in this thread and add wrt to topic post analysis, TA, chart etc................and only if too too many novice postings are there in respect of not queries but TA, then we can see.......
good excellent stuff....let Nov 27 play out.....then we shall come out as "traders"..... |
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Rahulsharmaat
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Joined: 04 Nov 2009
Posts: 2766
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| Post: #1269 Posted: Tue Nov 18, 2014 9:28 am Post subject: |
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thanks..
regarding chart and TA,,,
people are here who post like,, cow , dow,, bhow,,rifty, shifty,,,and just numbers without anything... are read well.
So i dont think there is any indivisual restriction on anyone to just post with charts and TA... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1270 Posted: Tue Nov 18, 2014 6:42 pm Post subject: |
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| Rahulsharmaat wrote: | thanks..
regarding chart and TA,,,
people are here who post like,, cow , dow,, bhow,,rifty, shifty,,,and just numbers without anything... are read well.
So i dont think there is any indivisual restriction on anyone to just post with charts and TA... |
Correct . That's ways I added" commas" in my post.
I like you have been posting without charts ( but I try to add some explanation to my trades!!!!!!!) not out of judgement but randomly and comfort.
Crude is either forming ending diagonal ( if someone can check and revert) or it shall still slide below 4600/4500 since 5 waves downtrend in last leg is absent. That's why I am still not going comfortably long ..... ( which I was doing since 5300..... Just a mental makeup). Also 4600 was monthly support level ( not weekly or daily) prices should hold for some more time.
... A higher high on swing is required to trap some early longs.....and take it down to form the 5 down waves in that leg to end the downtrend from 6500.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1271 Posted: Tue Nov 18, 2014 8:33 pm Post subject: |
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| amitagg wrote: | | Rahulsharmaat wrote: | thanks..
regarding chart and TA,,,
people are here who post like,, cow , dow,, bhow,,rifty, shifty,,,and just numbers without anything... are read well.
So i dont think there is any indivisual restriction on anyone to just post with charts and TA... |
Correct . That's ways I added" commas" in my post.
I like you have been posting without charts ( but I try to add some explanation to my trades!!!!!!!) not out of judgement but randomly and comfort.
Crude is either forming ending diagonal ( if someone can check and revert) or it shall still slide below 4600/4500 since 5 waves downtrend in last leg is absent. That's why I am still not going comfortably long ..... ( which I was doing since 5300..... Just a mental makeup). Also 4600 was monthly support level ( not weekly or daily) prices should hold for some more time.
... A higher high on swing is required to trap some early longs.....and take it down to form the 5 down waves in that leg to end the downtrend from 6500.....
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as first thought of, happened. cmp 4615......only trade today was on long side for few points. scalping light.
remember now shorts can be squeezed.....and it can go sideways...and not fall more...cmp 4615 |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1272 Posted: Tue Nov 18, 2014 10:47 pm Post subject: |
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its pain pain n pain in crude
i shorted again 4710----
soon new low will come |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1273 Posted: Tue Nov 18, 2014 10:58 pm Post subject: |
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| Rahulsharmaat wrote: | its pain pain n pain in crude
i shorted again 4710----
soon new low will come |
NOW I am very skeptical of that (seeing today's price action)......lets see.........u are always right.....and let me see if I can profit despite the opposite price action as have done over past month or so repeatedlyyyyy....
gone long 2 lots at 4625 (DEC) now (equi 4600 Nov). ............(again back to old longing game!!!!)
(I have been mentioning bottom at 70-72 and 4360 region......) and.....only that is pending......but I would again take the risk........and trade one side.) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1274 Posted: Tue Nov 18, 2014 11:40 pm Post subject: |
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Long term EW/ [pattern] AB=CD retrace is done at 4600........
Shorter period that that......C 161.8% leg will complete at 4300-4360.........
chose which one.....and go long!!!!!
Daily ATR is above 120.....so 2 days action itself can make retail "exit" both long and short....before the run.
either ways 4th of 1-5 or pullback from 100% before 161.8% down is touched is required.....even if 100% AB=CD is not final.........so past few days upward thrust is not sufficient "from time perspective" to evidence start of downtrend still.......
cmp nov 4610. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #1275 Posted: Wed Nov 19, 2014 10:09 am Post subject: |
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yes around 72--- we will see a fast n furious upside---
else babaji ka thullu hoga,
kab 60--50 aa jaye |
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