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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Post: #1276  Posted: Wed Nov 19, 2014 1:52 pm Post subject: |
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Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
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amitagg
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| Post: #1277 Posted: Wed Nov 19, 2014 3:05 pm Post subject: |
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| amitagg wrote: | Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
Sel level was not triggered... Exited longs at 4640 dec with 15 points.
To re enter again basis 4630 break etc not
Important reversal today if 4570 nov holds..... And we move above 4680 |
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amitagg
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Posts: 4559
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| Post: #1278 Posted: Wed Nov 19, 2014 7:03 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
Sel level was not triggered... Exited longs at 4640 dec with 15 points.
To re enter again basis 4630 break etc not
Important reversal today if 4570 nov holds..... And we move above 4680 |
so I mentioned first yesterday amongst all odds that low may not be broken....lets see if uptrend starts [ only price action will tell/ confirm).......EW gives advance intimation............
crude inventory today....I am watching one key level in MCX Dec to break and hold on upside to enter larger longs.....
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amitagg
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Posts: 4559
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| Post: #1279 Posted: Wed Nov 19, 2014 9:24 pm Post subject: |
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| amitagg wrote: | | 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 |
cmp 4615.....despite whipsawing action.....and shorts of morning would have been squeezed a bit...as mentioned yesterday ........ |
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amitagg
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Posts: 4559
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| Post: #1280 Posted: Thu Nov 20, 2014 11:20 pm Post subject: |
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[quote="amitagg"] | amitagg wrote: | | amitagg wrote: | Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
Sel level was not triggered... Exited longs at 4640 dec with 15 points.
To re enter again basis 4630 break etc not
Important reversal today if 4570 nov holds..... And we move above 4680 |
so I mentioned first yesterday amongst all odds that low may not be broken....lets see if uptrend starts [ only price action will tell/ confirm).......EW gives advance intimation............
crude inventory today....I am watching one key level in MCX Dec to break and hold on upside to enter larger longs.....
[/quote
See above post
We have moved above 4680 and I have bought at 4690 for target 4750
Buying at end of day is risky since many a time follow through does not come
So would double up if it falls to 4610......
4710/ 4723 is all important level it shall go higher ...... And then give a " bullish retrace" |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1281 Posted: Fri Nov 21, 2014 10:53 am Post subject: |
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[quote="amitagg"] | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
Sel level was not triggered... Exited longs at 4640 dec with 15 points.
To re enter again basis 4630 break etc not
Important reversal today if 4570 nov holds..... And we move above 4680 |
so I mentioned first yesterday amongst all odds that low may not be broken....lets see if uptrend starts [ only price action will tell/ confirm).......EW gives advance intimation............
crude inventory today....I am watching one key level in MCX Dec to break and hold on upside to enter larger longs.....
[/quote
See above post
We have moved above 4680 and I have bought at 4690 for target 4750
Buying at end of day is risky since many a time follow through does not come
So would double up if it falls to 4610......
4710/ 4723 is all important level it shall go higher ...... And then give a " bullish retrace" |
50 points booked.....early...  - what I liked is also the early prediction of low of 4523 being respected on a day which gave 50-80 point fall......all thru EW..cmp 4743 hit high 4753 |
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Rahulsharmaat
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Joined: 04 Nov 2009
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| Post: #1282 Posted: Fri Nov 21, 2014 11:07 pm Post subject: |
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jitna upar jaaye---
utna-- pian will come |
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amitagg
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Posts: 4559
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| Post: #1283 Posted: Sat Nov 22, 2014 4:12 am Post subject: |
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Wonderful longs ( and shorts) yesterday ( busy day away from chart watching and trading only price levels) at 4705 booked 4723 for 18 points , it rallied to 4818
Tried 2 shorts at 4760 and 4794...... Scratched 4760 ..... And for other at 4793 added to 4813 and booked at 4780 -4793 for 25 points for latter. ( 4815-4840 was gap bottom in nymex I guess) had sell bids at 4827/4840 which did not trigger
Entered longs at 4743 till 4723 ....exited timely at 4749.....expected closing at these levels to forma doji but it went down
Had still buy bid at next support down to 4696 which triggered therefore...... It rallied 25-30 points I guess. Could not book since was away.
Now ( 4.00am) seeing it at 76.6 equi 40-50 points up.
As trader I use discretion I managing quantitites and comfortable that way.
Positional short only below 4660 safe otherwise to wait. |
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amitagg
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Posts: 4559
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| Post: #1284 Posted: Sun Nov 23, 2014 12:05 am Post subject: |
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for my recollection later : posted in Nifty thread.
..................
also 6340-2250=4090+4538=8628
Gann from 8380 is 8563 & 8746 and middle is around 8650......
(gann full circle is coming at 8792 from 4532 region.....)
euphoria building......
shekar mentioned 8700 based on his EW
Nov shorts to be trampled.
8600-8800 is the halt and eyeing are big players greedy shorts......
don't fall how much it can fall, since markets have taken projections away, but difficult to visualize the rise beyond.....
depends on time horizon for trading etc......
on most occasions Jan is the peak......
so would Dec / Jan / Feb only will precipitate the fall???
(dow mimicking has a year or two to wait since we are much behind)
as Rahul says for crude, higher it goes, severe it shall fall!!!!
(above figures can be wrong, just quick mental exercise done)
capture the 200SMA, time it hits it |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1285 Posted: Sun Nov 23, 2014 10:22 am Post subject: |
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[quote="amitagg"] | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Infra day sell shall trigger below 4570 (nov) sustaining for half hour or so......... To target 4553/4524/4500.?!' ( new low)
Cmp 4575 nov ( 4608 dec) |
Sel level was not triggered... Exited longs at 4640 dec with 15 points.
To re enter again basis 4630 break etc not
Important reversal today if 4570 nov holds..... And we move above 4680 |
so I mentioned first yesterday amongst all odds that low may not be broken....lets see if uptrend starts [ only price action will tell/ confirm).......EW gives advance intimation............
crude inventory today....I am watching one key level in MCX Dec to break and hold on upside to enter larger longs.....
[/quote
See above post
We have moved above 4680 and I have bought at 4690 for target 4750
Buying at end of day is risky since many a time follow through does not come
So would double up if it falls to 4610......
4710/ 4723 is all important level it shall go higher ...... And then give a " bullish retrace" |
50 points booked.....early... - what I liked is also the early prediction of low of 4523 being respected on a day which gave 50-80 point fall......all thru EW..cmp 4743 hit high 4753 |
Exactly happened moved above 4753 and more importantly respected 4680 level .... Low was 4687...... So 4680 was more important level than 4710-4723 [/i] |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1286 Posted: Mon Nov 24, 2014 6:01 pm Post subject: |
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| amitagg wrote: | Wonderful longs ( and shorts) yesterday ( busy day away from chart watching and trading only price levels) at 4705 booked 4723 for 18 points , it rallied to 4818
Tried 2 shorts at 4760 and 4794...... Scratched 4760 ..... And for other at 4793 added to 4813 and booked at 4780 -4793 for 25 points for latter. ( 4815-4840 was gap bottom in nymex I guess) had sell bids at 4827/4840 which did not trigger
Entered longs at 4743 till 4723 ....exited timely at 4749.....expected closing at these levels to forma doji but it went down
Had still buy bid at next support down to 4696 which triggered therefore...... It rallied 25-30 points I guess. Could not book since was away.
Now ( 4.00am) seeing it at 76.6 equi 40-50 points up.
As trader I use discretion I managing quantitites and comfortable that way.
Positional short only below 4660 safe otherwise to wait. |
Booked 60 points in morning today
Only range bound till wednesday |
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amitagg
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Posts: 4559
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| Post: #1287 Posted: Tue Nov 25, 2014 6:24 pm Post subject: |
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| Waiting |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #1288 Posted: Tue Nov 25, 2014 10:56 pm Post subject: |
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could not ride the downtrend from 4753 to 4625.......
expect gap down opening........
short entry level was 4660/4680 which shall now act as resistance.
I don't have any positions.....and shall trade tomorrow only.
expect pullback from 4570 region for intra day...........despite negative news even if it comes.......
(weeks before mentioned 4366 as final support)
robust positions can be built / traded only post Thursday this week |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1289 Posted: Tue Nov 25, 2014 11:20 pm Post subject: |
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| amitagg wrote: |
could not ride the downtrend from 4753 to 4625.......
expect gap down opening........
short entry level was 4660/4680 which shall now act as resistance.
I don't have any positions.....and shall trade tomorrow only.
expect pullback from 4570 region for intra day...........despite negative news even if it comes.......
(weeks before mentioned 4366 as final support)
robust positions can be built / traded only post Thursday this week |
so it spiked up 50 points in 10 mins after the post but did not clear 4680.....interesting but could not be traded.
lets wait more.....it should help.
I am trying to decipher the pattern EW formation which is at conclusive stage...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1290 Posted: Wed Nov 26, 2014 1:58 pm Post subject: |
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Buying bids at 4570 approx. levels for intra day........ (contra trade)...cmp 4600
(all data poor and crude can test lower levels below ......4500) |
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