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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Posts: 4559
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Post: #796  Posted: Sat Jun 07, 2014 6:49 pm Post subject: |
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| saumya12 wrote: | How come 2 amitagg in IC 
Amit, any logic behind your level of 7930 |
Pivot monthly pointing to bull breakout above 7686 leading to 7890 to 7939.....
Even as per just trade levels, IN case of Range trade, the top level is coming to7586.....as per me this could have been 7457.....ie early signal of bull fervour......bull breakout as per just trade coming to 7693 above ONLY.
So sellers who want to be sellers can have a role only at 7670/7686 spot levels which can extent to 7703 as per gann etc.....
I did short the call seeing reversal at 7550 (closer to jt level of 7586 and even otherwise a pivot)and hence even as per me had the range trade for the month been in progress ....this is okay....only a close above 7586 negated this and hence emotionless exit should happen above 7600.......only point is 7670 -7700 is the"most heavy resistance"
But bull ( not bear) trade should happen at 7610 till 7670 levels....close stop 7583.... |
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amitagg
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Joined: 01 Oct 2013
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| Post: #797 Posted: Mon Jun 09, 2014 3:33 pm Post subject: |
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| amitagg wrote: | | saumya12 wrote: | How come 2 amitagg in IC
Amit, any logic behind your level of 7930 |
Pivot monthly pointing to bull breakout above 7686 leading to 7890 to 7939.....
Even as per just trade levels, IN case of Range trade, the top level is coming to7586.....as per me this could have been 7457.....ie early signal of bull fervour......bull breakout as per just trade coming to 7693 above ONLY.
So sellers who want to be sellers can have a role only at 7670/7686 spot levels which can extent to 7703 as per gann etc.....
I did short the call seeing reversal at 7550 (closer to jt level of 7586 and even otherwise a pivot)and hence even as per me had the range trade for the month been in progress ....this is okay....only a close above 7586 negated this and hence emotionless exit should happen above 7600.......only point is 7670 -7700 is the"most heavy resistance"
But bull ( not bear) trade should happen at 7610 till 7670 levels....close stop 7583.... |
exited at 107....market not bearish "at the moment"....tomorrow shall tell.....rcap etc holdinhg well signifying bullishness....though bearish intra day sideways action not ruled in next 2-3 days... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #798 Posted: Tue Jun 10, 2014 10:21 am Post subject: |
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| amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
this shold hold now.....for end of series.......in my view |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #799 Posted: Wed Jun 11, 2014 8:27 pm Post subject: |
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| amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
this shold hold now.....for end of series.......in my view |
Profit booking by professionals in professional way....... Only budget and very high announcements holding up the market..... Though 8300 shall be hit in next rally....market should move down after budget.....June expiry can still be at 7625/7642 or 7457..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #800 Posted: Fri Jun 13, 2014 11:14 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
this shold hold now.....for end of series.......in my view |
Profit booking by professionals in professional way....... Only budget and very high announcements holding up the market..... Though 8300 shall be hit in next rally....market should move down after budget.....June expiry can still be at 7625/7642 or 7457..... |
see the tug of war at 7670.....now since 4 days market same level,it can break up also...sustaining above 7690 NF required for breakout....7620 NF stop loss for longs since other stops can be hit before market breaking up....for short term till Budget |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #801 Posted: Fri Jun 13, 2014 12:15 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
this shold hold now.....for end of series.......in my view |
Profit booking by professionals in professional way....... Only budget and very high announcements holding up the market..... Though 8300 shall be hit in next rally....market should move down after budget.....June expiry can still be at 7625/7642 or 7457..... |
see the tug of war at 7670.....now since 4 days market same level,it can break up also...sustaining above 7690 NF required for breakout....7620 NF stop loss for longs since other stops can be hit before market breaking up....for short term till Budget |
as expected all Sls would have been hit for longs even 7633....7620 holding.....market distinclty bearish but still not ruling out possibility of break above 7700 due to budget whipsaws..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #802 Posted: Sat Jun 14, 2014 1:44 pm Post subject: |
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| amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
was magic.....but very deceptive for the retails like me......
now ABC correction to unflow....7420/7497 then 7620 or 7660 ...expiry at 7624 as mentioned earlier [or otherwise 7435 dont expect]......then back to 7370.......
bulls will buy only on bear psychology at 7260/ 7360......not before....thats my take for next few months.... then target 900+ points from the low formed...so 8300/8450... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #803 Posted: Mon Jun 16, 2014 6:17 pm Post subject: |
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Hemant
Did the rcap stock gave two whipsaws and stop losses prior to the final break of 601........ Though the levels were near precise
Amit |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #804 Posted: Tue Jun 17, 2014 11:45 am Post subject: |
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if there is any delay in move up, it shows selling pressure.....
2 shorting zones - NF 7586/7602 and 7618/7628.............
dont necessarily expect 7620 to be touched
move down to 7430 should be there.....
| amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
was magic.....but very deceptive for the retails like me......
now ABC correction to unflow....7420/7497 then 7620 or 7660 ...expiry at 7624 as mentioned earlier [or otherwise 7435 dont expect]......then back to 7370.......
bulls will buy only on bear psychology at 7260/ 7360......not before....thats my take for next few months.... then target 900+ points from the low formed...so 8300/8450... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #805 Posted: Tue Jun 17, 2014 1:46 pm Post subject: |
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| the intra day movement is suggesting bullishness for me tomorroww.....that however is not the current view of most brokerage houses.......avoid whipsaws......better to trade in small quantities until clear trend emerges, budget..... overall market would test 7370/7430.....though may rise to kill intra day shorts..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #806 Posted: Tue Jun 17, 2014 10:14 pm Post subject: |
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| amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
was magic.....but very deceptive for the retails like me......
now ABC correction to unflow....7420/7497 then 7620 or 7660 ...expiry at 7624 as mentioned earlier [or otherwise 7435 dont expect]......then back to 7370.......
bulls will buy only on bear psychology at 7260/ 7360......not before....thats my take for next few months.... then target 900+ points from the low formed...so 8300/8450... |
Don't expect 7700 even if crossed to be sustained for a couple of days. I spite of bear worries or knee jerk bull reaction to current days rally.... Expiry at 7635/7670.....as mentioned above not possible |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #807 Posted: Wed Jun 18, 2014 10:52 am Post subject: |
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| amitagg wrote: | | the intra day movement is suggesting bullishness for me tomorroww.....that however is not the current view of most brokerage houses.......avoid whipsaws......better to trade in small quantities until clear trend emerges, budget..... overall market would test 7370/7430.....though may rise to kill intra day shorts..... |
just as i was sensing the upmove based on intra day chart reading just before it began....'tomorrow' came yesterday
and i am still not convinced about bullbreak even if it happens....step aside....or believe me longs shall also be trapped....in index....stock selection and trade is different.....
7670 again resting....market may move in 7400-7800 band for few weeks / months....and longs at 7700-7750 are risky .....and longs at 7360-7470 are profitable..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #808 Posted: Wed Jun 18, 2014 12:47 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | the intra day movement is suggesting bullishness for me tomorroww.....that however is not the current view of most brokerage houses.......avoid whipsaws......better to trade in small quantities until clear trend emerges, budget..... overall market would test 7370/7430.....though may rise to kill intra day shorts..... |
just as i was sensing the upmove based on intra day chart reading just before it began....'tomorrow' came yesterday
and i am still not convinced about bullbreak even if it happens....step aside....or believe me longs shall also be trapped....in index....stock selection and trade is different.....
7670 again resting....market may move in 7400-7800 band for few weeks / months....and longs at 7700-7750 are risky .....and longs at 7360-7470 are profitable..... |
Again my level of 7670 not crossed....decisive high.....now look sideways to down....... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #809 Posted: Wed Jun 18, 2014 1:01 pm Post subject: |
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| amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
was magic.....but very deceptive for the retails like me......
now ABC correction to unflow....7420/7497 then 7620 or 7660 ...expiry at 7624 as mentioned earlier [or otherwise 7435 dont expect]......then back to 7370.......
bulls will buy only on bear psychology at 7260/ 7360......not before....thats my take for next few months.... then target 900+ points from the low formed...so 8300/8450... |
Was magic and predicted before market touched 7670 for first time......even abc formation was right.....c in progress to culminate at 7370 etc...today's fall also from 7671 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #810 Posted: Wed Jun 18, 2014 2:46 pm Post subject: |
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Now after this volatle action and multiple tests succeeding....7670 loses its sanctity...once it gives above daily close ....then doors open to 7870/7930.....
| amitagg wrote: | | amitagg wrote: | | amitagg76 wrote: | Expecting 7670 as resistance due to
-5116*1.5
- 7223/7260+400 (50 percent of last expiry)
- top of post Election Day values
- alternation of contraction and expansion theory
- euphoria ( shorts already squeezed at 7360 and 7450)
- Fibonacci target 5700+ 1.618*(6300-5100)
We shall see the magic of these......weak hands shall buy the stops above 7650......not the professionals...... |
was magic.....but very deceptive for the retails like me......
now ABC correction to unflow....7420/7497 then 7620 or 7660 ...expiry at 7624 as mentioned earlier [or otherwise 7435 dont expect]......then back to 7370.......
bulls will buy only on bear psychology at 7260/ 7360......not before....thats my take for next few months.... then target 900+ points from the low formed...so 8300/8450... |
Was magic and predicted before market touched 7670 for first time......even abc formation was right.....c in progress to culminate at 7370 etc...today's fall also from 7671 |
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