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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: #556  Posted: Fri Jan 31, 2014 2:38 pm Post subject: |
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| how setting perfect to trap longs...sell below 6108 nf
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #557 Posted: Fri Jan 31, 2014 2:44 pm Post subject: |
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| amitagg wrote: | | how setting perfect to trap longs...sell below 6108 nf |
or below 6113.5 with stop at 6125
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #558 Posted: Fri Jan 31, 2014 2:50 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | how setting perfect to trap longs...sell below 6108 nf |
or below 6113.5 with stop at 6125 |
the most perfect reading sometimes happens...2-3 minutes before fall. 
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #559 Posted: Fri Jan 31, 2014 2:52 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | how setting perfect to trap longs...sell below 6108 nf |
or below 6113.5 with stop at 6125 |
the most perfect reading sometimes happens...2-3 minutes before fall. |
wow...just when indicator turned "green"......thanks fellow ichartians
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #560 Posted: Fri Jan 31, 2014 3:00 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | how setting perfect to trap longs...sell below 6108 nf |
or below 6113.5 with stop at 6125 |
the most perfect reading sometimes happens...2-3 minutes before fall. |
wow...just when indicator turned "green"......thanks fellow ichartians |
Congratulations amitagg for the Green Belt
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #561 Posted: Fri Jan 31, 2014 3:06 pm Post subject: |
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| since people expect move down, todays movement is classic to kill the shorters.....intra day profit booking which i do pays off in days like this ....and not on many others....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #562 Posted: Fri Jan 31, 2014 3:09 pm Post subject: |
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| amitagg wrote: | | since people expect move down, todays movement is classic to kill the shorters.....intra day profit booking which i do pays off in days like this ....and not on many others.... |
buy above 6118 and sell below 6101....after watching no bids...and no trade on session end
full retrace and move above 6118 would mean 6135/6149 shall be hit this time.....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #563 Posted: Fri Jan 31, 2014 3:29 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | since people expect move down, todays movement is classic to kill the shorters.....intra day profit booking which i do pays off in days like this ....and not on many others.... |
buy above 6118 and sell below 6101....after watching no bids...and no trade on session end
full retrace and move above 6118 would mean 6135/6149 shall be hit this time..... |
monday should be a relatively easy picking day...lets see....downside breakout failure happens above 6120 [futures value] and a buy or a...failure of breakpout failure below 6078 [spot] and a sell....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #564 Posted: Fri Feb 07, 2014 7:13 pm Post subject: |
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charts attached....
NS bullish above 6035...to test 6097 Spot
Rcap bullish above spot 320 [to buy sustaining above 324]...to test 329-331 [long term support at 310-313]
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #565 Posted: Sun Feb 09, 2014 5:37 pm Post subject: |
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following the nifty charts below, posting reliance chart [to further to butterfly wolve wave thread posts]
also see "trend reversal catching" thread and how EW< Time cycle< channel break and diverging RSI and MACD fits into BuY Reliance Chart...and support at 800 level...and multiple testing of 807 level
buy reliance "till 824-829" with stop at 807....for 2/3 days
or buy at any level till 760 for target 900 for few weeks/ months
if we are unable to make money in this one, ..........!!!!
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #566 Posted: Mon Feb 10, 2014 10:30 am Post subject: |
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| amitagg wrote: | following the nifty charts below, posting reliance chart [to further to butterfly wolve wave thread posts]
also see "trend reversal catching" thread and how EW< Time cycle< channel break and diverging RSI and MACD fits into BuY Reliance Chart...and support at 800 level...and multiple testing of 807 level
buy reliance "till 824-829" with stop at 807....for 2/3 days
or buy at any level till 760 for target 900 for few weeks/ months
if we are unable to make money in this one, ..........!!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #567 Posted: Mon Feb 10, 2014 10:49 am Post subject: |
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| short sellers be very careful if NF above 6058.....buy above 6078 for intra day with stop at 6067 for target 6092/6102
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #568 Posted: Mon Feb 10, 2014 10:54 am Post subject: |
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| amitagg wrote: | charts attached....
NS bullish above 6035...to test 6097 Spot
Rcap bullish above spot 320 [to buy sustaining above 324]...to test 329-331 [long term support at 310-313] |
also a success with Reliance
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #569 Posted: Tue Feb 11, 2014 1:29 pm Post subject: |
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sold reliance 800 put @ 11+
| amitagg wrote: | | amitagg wrote: | following the nifty charts below, posting reliance chart [to further to butterfly wolve wave thread posts]
also see "trend reversal catching" thread and how EW< Time cycle< channel break and diverging RSI and MACD fits into BuY Reliance Chart...and support at 800 level...and multiple testing of 807 level
buy reliance "till 824-829" with stop at 807....for 2/3 days
or buy at any level till 760 for target 900 for few weeks/ months
if we are unable to make money in this one, ..........!!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #570 Posted: Tue Feb 11, 2014 1:42 pm Post subject: |
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| amitagg wrote: | sold reliance 800 put @ 11.5+ [net Rs 10 shall be received after or once sqared off]
while the day pattern is not good....but expecting NS / reliance to not go below 6000/800 is Feb and close much lower....also "time wise" reliance "may" have completed downtrend. hence "the sale of put" with time hedge for short feb series.
[there can be gap up or down in a day or two since intra day market moves would be volatile]...till now....6065/6047/6035 support holding so 6130 is open.....
| amitagg wrote: | | amitagg wrote: | following the nifty charts below, posting reliance chart [to further to butterfly wolve wave thread posts]
also see "trend reversal catching" thread and how EW< Time cycle< channel break and diverging RSI and MACD fits into BuY Reliance Chart...and support at 800 level...and multiple testing of 807 level
buy reliance "till 824-829" with stop at 807....for 2/3 days
or buy at any level till 760 for target 900 for few weeks/ months
if we are unable to make money in this one, ..........!!!! |
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