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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: #526  Posted: Tue Jan 28, 2014 6:45 pm Post subject: |
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| Today was a fast trading day with multiple decision points predicted accurately.....6165 sell, 6150 break sell, 6090 support shorts cover, rise to 6115 and shorts suggested at 6135, move down to 6115, buying at 6120 (based on NR4 15tf break and wave c to unfold ..projecting 6133/6141), squaring at 6130, move down to 6117 then rise to 6140+...feels like only gann and fibos work (with some MAs 89 for ticks if in scalp mode and 34 for 15tf good guiding post)...also 50 percent level can be tricky and better to work with 61.8/66 percent level...was a day of reading the minor moves ...did not take some signals and moved away around 2pm...but refreshing |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #527 Posted: Wed Jan 29, 2014 1:15 pm Post subject: |
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| 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #528 Posted: Wed Jan 29, 2014 1:23 pm Post subject: |
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| amitagg wrote: | | 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
i believe all longs should exit at this point and not live in hope...until 7175-6190 breached.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #529 Posted: Wed Jan 29, 2014 1:25 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
i believe all longs should exit at this point and not live in hope...until 7175-6190 breached.... |
believe 6130 shall to touched before any upmove..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #530 Posted: Wed Jan 29, 2014 1:30 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
i believe all longs should exit at this point and not live in hope...until 7175-6190 breached.... |
believe 6130 shall to touched before any upmove..... |
all spike of 10-15 points shall be sold into "today".....better to trade with 'down' trend today |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #531 Posted: Wed Jan 29, 2014 1:32 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
i believe all longs should exit at this point and not live in hope...until 7175-6190 breached.... |
believe 6130 shall to touched before any upmove..... |
all spike of 10-15 points shall be sold into "today".....better to trade with 'down' trend today |
slowing slowing prices going down is for me not a sign of accumulation.....'intra day' |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #532 Posted: Wed Jan 29, 2014 2:19 pm Post subject: |
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| if markets show sudden spike up at end of day...that shall be opportunity to buy call options expecting gap up tomorrow....this has happended on previous occasions also...... |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #533 Posted: Wed Jan 29, 2014 2:26 pm Post subject: |
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Amit,
I do agree with your trade...but only point of concern is market gets oversold and nifty dint made new low....market dint even break 6135 or 6120...so short trade shd get cautious...
Though i trade this set up on 30m TF...
Regards,
Andre |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #534 Posted: Wed Jan 29, 2014 2:59 pm Post subject: |
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 - 2 times trade success
1- sell at 6157 buy at 6143
2- stop loss less bid at 6140 when market at 6153...booked at 6123 near all
as said 6130 touched
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 15tf 34ema around 6147....it a bullish rejection and hence a short trade getting triggred below 6140...pls confirm |
i believe all longs should exit at this point and not live in hope...until 7175-6190 breached.... |
believe 6130 shall to touched before any upmove..... |
all spike of 10-15 points shall be sold into "today".....better to trade with 'down' trend today |
slowing slowing prices going down is for me not a sign of accumulation.....'intra day' |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #535 Posted: Wed Jan 29, 2014 3:03 pm Post subject: |
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| booked balance at 6115 and now no positions since event ahead...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #536 Posted: Wed Jan 29, 2014 3:08 pm Post subject: |
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| amitagg wrote: | | booked balance at 6115 and now no positions since event ahead...... |
mean point is 6115.....markets may close around here...and not go down further after touching 6303 etc. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #537 Posted: Wed Jan 29, 2014 3:15 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | booked balance at 6115 and now no positions since event ahead...... |
mean point is 6115.....markets may close around here...and not go down further after touching 6303 etc. |
exactly as happening ..at least first move...market now 6123 each minor move happending as predicted for last 3 days 
i always refer to "first " move....which i see coming...then anythign can happen |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #538 Posted: Thu Jan 30, 2014 9:50 am Post subject: |
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| bought nf at 6160 and rinfra at 360 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #539 Posted: Thu Jan 30, 2014 9:55 am Post subject: |
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| amitagg wrote: | | bought nf at 6160 and rinfra at 360 |
sold r infra at 362.25 and bt more nf at 6053 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #540 Posted: Thu Jan 30, 2014 9:58 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | bought nf at 6160 and rinfra at 360 |
sold r infra at 362.25 and bt more nf at 6053 |
nf can fall 10-15 points from here |
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