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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: #166 Posted: Tue Sep 24, 2013 11:46 am Post subject: |
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SAR trades....Nifty shall go lower... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #167 Posted: Tue Sep 24, 2013 12:02 pm Post subject: |
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Mr PK, your al brooks formation..failure to clear 5950 NF approx on intra day 2nd attemp means TWO legs down...one over at 5908 NF and second MAY MAY come down to 5870...etc |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #168 Posted: Tue Sep 24, 2013 12:35 pm Post subject: |
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exited HCL 50% at 1079 holding balance TSL cost...possible stop can be hit since the stock is very uncertain |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #169 Posted: Tue Sep 24, 2013 12:36 pm Post subject: |
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2 legs did come down...that it 5908 broke and we got 5880..now not sure |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #170 Posted: Tue Sep 24, 2013 12:41 pm Post subject: |
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r cap stop loss hit....have entered RISkY Sar trade at 348 with stop at 351.5 .....target 338 [or 343 for part]
since 350-351 resistance is crucial...and it is not crossing that....but if Nifty goes up then again Sl shall be hit....experimenting...shall not dabble unless clear formation !!! |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #171 Posted: Tue Sep 24, 2013 12:47 pm Post subject: |
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Amit: I am Prakash. Enjoying your thread. You are seriously getting very good at your trades and posting them. Keep it up.
Also keep posting your predictions as per Al Brooks.
I feel option writers are playing around between 5960 and 5890 and eating the premium. See CE5900 and PE5900 both nicely down today a short while ago!
Prakash Holla |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #172 Posted: Tue Sep 24, 2013 1:00 pm Post subject: |
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Guys, I feel ANY strategy needs to be tempered by studying vix. since vix is high, it is likely that SLs on either side will be hit but vix is falling and hence genaral trend may now be up as long as vix falls. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #173 Posted: Wed Sep 25, 2013 1:36 pm Post subject: |
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Rcap target 338 [ i booked out at 343.5] and Jindal Steel 343 met.....HCL tech i exited yesterday..anyone holding book all profit.....
BHEL today gave wonderful pattern today....spike and channel....and met target 138 + inspite of down day...
i shall focus more now on such patterns ...... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #174 Posted: Wed Sep 25, 2013 1:39 pm Post subject: |
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sold one lot of Rel Infra 412 Oct |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #175 Posted: Wed Sep 25, 2013 3:53 pm Post subject: |
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NIFTY shorts (if any) can be covered at 5910 levels if staying above that for 60 mins.
Intra-day shorts can be initiated on FIRST move to 5910 levels if it goes there.......since it is I) Today's "High"...market may hold that level and retrace once from there II) it is final 'reverse fibonacci' target...others were 5867 & 5877.
positional shorts taken at higher levels can hold until 5975 is crossed [50% retracement of move from 6142-5811] |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #176 Posted: Thu Sep 26, 2013 11:03 am Post subject: |
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since markets not broken support, can book small profit in RelInfra at 408...also Sesa Goa [Anil, as expected] has been up above now above 190.....i did not trade though yesterday considering down market. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #177 Posted: Thu Sep 26, 2013 11:19 am Post subject: |
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not trading now but triangle breakout above 192 shall give target of 192+(192-175)=206....Sesa Goa...lets wait |
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anilraj White Belt
Joined: 30 Aug 2013 Posts: 24
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Post: #178 Posted: Thu Sep 26, 2013 1:19 pm Post subject: |
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[quote="amitagg"]since markets not broken support, can book small profit in RelInfra at 408...also Sesa Goa [Anil, as expected] has been up above now above 190.....
Yes please. Amit ji you were correct regarding Sesa goa. It was mistake on my in reading the charts. I got trappend in purchasing option and paying for it. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #179 Posted: Thu Sep 26, 2013 1:23 pm Post subject: |
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vinay28 wrote: | amitagg wrote: | go for long till 185-186 rather |
ya, one possibility is target 192, SL 176. |
looks like target is met. |
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anilraj White Belt
Joined: 30 Aug 2013 Posts: 24
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Post: #180 Posted: Thu Sep 26, 2013 1:29 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | amitagg wrote: | go for long till 185-186 rather |
ya, one possibility is target 192, SL 176. |
looks like target is met. |
Very correct, Sir. |
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