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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: #511  Posted: Tue Jan 28, 2014 9:32 am Post subject: |
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| amitagg wrote: | | inability to cross 6166 spot and move down below 6150 would be first shorting opportunity...if it comes by....resistances at 6174/6187....buy only above 6190... |
move below 6150 not now but after one hr |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #512 Posted: Tue Jan 28, 2014 11:05 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #513 Posted: Tue Jan 28, 2014 11:06 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #514 Posted: Tue Jan 28, 2014 11:08 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
those holding intra shorts should exit at 6080-6091 spot....since gap support......and bounce can be to 6115 again
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #515 Posted: Tue Jan 28, 2014 11:12 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
those holding intra shorts should exit at 6080-6091 spot....since gap support......and bounce can be to 6115 again
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
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exited short call at 21 sold yesterday at 50...... 
\overall proifit on 7 lots = (19)+(13*3)+(27*3)
note : 34 ema projection for end of today is 6115
34 ema projection for tomorrow is 6055....if market falls to 6030...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #516 Posted: Tue Jan 28, 2014 11:16 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
those holding intra shorts should exit at 6080-6091 spot....since gap support......and bounce can be to 6115 again
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
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every market every time bounces once from 'reasonable' support....it has done....it takes just 5-10 seconds......there is "never" a surety to such rises but "rise do come.........only speaking intra day minute.....
have traded contra with 90% success stocks falling Rs 200 on contra buy trades....but since nov 13 has left this trade strategy since risky.....also did that this time using options....more to come. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #517 Posted: Tue Jan 28, 2014 11:19 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
those holding intra shorts should exit at 6080-6091 spot....since gap support......and bounce can be to 6115 again
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
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every market every time bounces once from 'reasonable' support....it has done....it takes just 5-10 seconds......there is "never" a surety to such rises but "rise do come.........only speaking intra day minute.....
have traded contra with 90% success stocks falling Rs 200 on contra buy trades....but since nov 13 has left this trade strategy since risky.....also did that this time using options....more to come. |
bounce has happened to 6115 approx level from 6090....since 6116 is 34 ema projection....take take resistance.....no trades until rejection of price |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #518 Posted: Tue Jan 28, 2014 11:22 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | inability to cross 6166 spot and move down below 6150 would be first shorting opportunity...if it comes by....resistances at 6174/6187....buy only above 6190... |
move below 6150 not now but after one hr |
fall from 6166 level mentioned.....shorters can take poisitoon at 6130-6135...with stop at 6155 ..i am waiting for few more minutes |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #519 Posted: Tue Jan 28, 2014 11:29 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | inability to cross 6166 spot and move down below 6150 would be first shorting opportunity...if it comes by....resistances at 6174/6187....buy only above 6190... |
move below 6150 not now but after one hr |
fall from 6166 level mentioned.....shorters can take poisitoon at 6130-6135...with stop at 6155 ..i am waiting for few more minutes |
prices moved to 6144 [6142 is 66% retarace of fall]., below 6119 bearish....short at higher levels with tight stop...of 6160-6155
markets testing patience....6130 is 50% retrace....is flash to below 6100 to trap bears......move below 6119-6110 shall mean fall to 6030 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #520 Posted: Tue Jan 28, 2014 11:31 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | inability to cross 6166 spot and move down below 6150 would be first shorting opportunity...if it comes by....resistances at 6174/6187....buy only above 6190... |
move below 6150 not now but after one hr |
fall from 6166 level mentioned.....shorters can take poisitoon at 6130-6135...with stop at 6155 ..i am waiting for few more minutes |
prices moved to 6144 [6142 is 66% retarace of fall]., below 6119 bearish....short at higher levels with tight stop...of 6160-6155
markets testing patience....6130 is 50% retrace....is flash to below 6100 to trap bears......move below 6119-6110 shall mean fall to 6030 |
watch the volume spike at 6090 and just now....lets wait |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #521 Posted: Tue Jan 28, 2014 11:33 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | inability to cross 6166 spot and move down below 6150 would be first shorting opportunity...if it comes by....resistances at 6174/6187....buy only above 6190... |
move below 6150 not now but after one hr |
fall from 6166 level mentioned.....shorters can take poisitoon at 6130-6135...with stop at 6155 ..i am waiting for few more minutes |
prices moved to 6144 [6142 is 66% retarace of fall]., below 6119 bearish....short at higher levels with tight stop...of 6160-6155
markets testing patience....6130 is 50% retrace....is flash to below 6100 to trap bears......move below 6119-6110 shall mean fall to 6030 |
watch the volume spike at 6090 and just now....lets wait |
is it wave b of spike and action to unfold above 6144 still...thats the confusion day trader has...we work with limits but emotions dont allow us.....so we waited for short at 6130-6135 mentioned before it reached there though they could have profitted again....based on retrace projections/34ema projection.....one trade opportunity missed |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #522 Posted: Tue Jan 28, 2014 12:10 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 3 lots gone at 6150 average out of 4 trades today [ 1 squared]....also sold 6150 call against the NF buy for @50...stop 6110 |
exited Rs 13 profit after broekerage at 6265 [3 lots] holding "sold" call of 6150 |
placed buy bid for sell option at 29......Rs 20 profit again on 3 lots
[so 3 lots of yesterdays' trade = profit - 20+13=33
one lot = Rs 19]
options helped manage the trade..... |
those holding intra shorts should exit at 6080-6091 spot....since gap support......and bounce can be to 6115 again
what was most important to exit timely....so even contra trades profitted.....now would sell 6000 put if market goes to 6060 |
|
every market every time bounces once from 'reasonable' support....it has done....it takes just 5-10 seconds......there is "never" a surety to such rises but "rise do come.........only speaking intra day minute.....
have traded contra with 90% success stocks falling Rs 200 on contra buy trades....but since nov 13 has left this trade strategy since risky.....also did that this time using options....more to come. |
bounce has happened to 6115 approx level from 6090....since 6116 is 34 ema projection....take take resistance.....no trades until rejection of price |
dont trade no trades like current....
i) 34ema projected few hrs back at 6115
ii) yesterday given 6116 as price
iii) breaks give "triangle " formation as currently happening in intra day tick chart
iv) cannot predjuce which wave. if wave b of spike, then wave c to unfold above 6140
v) current price though "bearish" since below 6130...
vi) perfect opportunity to trap shorts....longs would have exited in panic.....
so if market breaks 6090-6100 on closing basis....then sell...or wait for moves from here on..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #523 Posted: Tue Jan 28, 2014 12:43 pm Post subject: |
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| have bt 3 lots at 6120 for target 6133-6141.....stop 6106...nr4 break on 15tf |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #524 Posted: Tue Jan 28, 2014 12:52 pm Post subject: |
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| booked at 6129 partialy and tsl to cost for 1/3 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #525 Posted: Tue Jan 28, 2014 1:02 pm Post subject: |
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| amitagg wrote: | | booked at 6129 partialy and tsl to cost for 1/3 |
so important was to exit at 6129....tslat cost + brokergae hit for 1/3..now no positions...only small profit...[trading multiple of qtyies mentioned in this thread] |
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