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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: #181  Posted: Thu Sep 26, 2013 2:50 pm Post subject: |
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| shorted BHEL at 145 Oct futures....discount to Sep [148] increased today....stop 153 target 137 |
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #182 Posted: Fri Sep 27, 2013 9:53 am Post subject: |
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| Jubfood for intraday short trade. ? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #183 Posted: Sun Sep 29, 2013 4:18 am Post subject: |
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As anticipated on 25th: 5909 was touch to crack. [5917 is approx. 33% of 6142-5811]
"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."
Now markets shall fall to [b]5745 as first minimum target [/b][1.618 of 5909-5811]....may be clear 50 points from Monday opening levels...
selling can be as in Rita Pandit's thread. - selling is "easy" in 3th leg of first downtrend confirmed..and markets would trade below 5864 NS all day |
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voyager
White Belt
Joined: 05 Sep 2011
Posts: 63
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| Post: #184 Posted: Sun Sep 29, 2013 10:22 am Post subject: |
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Hello Sir,
I am a new beb in TA, I am using 8ema,34ema on15tf rsi-5, some times i am not able to get momentum indicator for buy/sell signal. can other momentum indicator will be helpful & the ema i am using is whether correct or needs to be modified for day trading, time frame also. Guidence requested.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #185 Posted: Sun Sep 29, 2013 8:35 pm Post subject: |
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| U can use any moving average system and stick to it....this seems fine....i don't trade on moving average system [considering the "noise" around it] but elsewhere in Icharts threads there are "various" moving average systems for perusal. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #186 Posted: Mon Sep 30, 2013 1:06 am Post subject: |
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| also higher Tf can be used to avoid whipsaws...also combine the analysis with Stochastics etc. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #187 Posted: Mon Sep 30, 2013 1:13 am Post subject: |
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ITC - immediate short candidate now....at 347-350...stop 355 first target 341 ..then 335 ....downtrend shall though confirm when price moves below 345
[EW resistance, RSI making lower low compared to previous left shoulder, CCI, other indicators starting entering inter-mediate area....candle uncertain but reflecting top....at previous resistance...]
i shall be shorting on opening |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #188 Posted: Mon Sep 30, 2013 9:44 am Post subject: |
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bhel book profits...rs 8.
itc hold short future at 348 & 351 ...stop 355 |
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anilraj
White Belt
Joined: 30 Aug 2013
Posts: 24
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| Post: #189 Posted: Mon Sep 30, 2013 9:47 am Post subject: |
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| Amit ji, Very good call on BHEL. Please keep posting your trades and views. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #190 Posted: Mon Sep 30, 2013 10:39 am Post subject: |
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| book 5 rs profit in ITC at 343.5 and TSl to cost for balance if any. next target 337 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #191 Posted: Mon Sep 30, 2013 1:05 pm Post subject: |
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ITC trail Sl to 446 for 2 profit min ...try to close position today.
Prakash...see intra chart today...u will be surprised to see shorting opportunities in this as happened earlier today as per your favourite author.... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #192 Posted: Mon Sep 30, 2013 1:11 pm Post subject: |
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| amitagg wrote: | | Prakash...see intra chart today...u will be surprised to see shorting opportunities in this as happened earlier today as per your favourite author.... |
Amit: You are great, some of us talk the talk, you are actually implementing what u have read in AB.
Now that you have mentioned it, yes ITC has given a nice shorting opportunity today which can be grabbed by following AB's guidelines
Cheers, Prakash Holla |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #193 Posted: Mon Sep 30, 2013 1:38 pm Post subject: |
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i have now exited ITC at 339 Spot..though pattern is still not good...
also as mentioned ....5745 has just been touched....intra shorts should be CLOSED |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #194 Posted: Tue Oct 01, 2013 10:54 am Post subject: |
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5745 is offering good support....
bought yes bank futures for intraa-day / ST at 292 target 297, stop 287... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #195 Posted: Tue Oct 01, 2013 11:11 am Post subject: |
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| have squared off at cost price of 330 the short 5800 call put...due to event |
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