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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: #871  Posted: Wed Jul 30, 2014 2:30 pm Post subject: |
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| amitagg wrote: | August Monthly Levels [ a volatile expiry can change these ]
Levels for August 14
Above 7905 will be breakout zone for targets of 7960,8025, 8083
Below 7845 will trade lower to 7775, 7710, 7660 where it should find support and move up.
Above 7760 targets are 7807, 7845 - BUY above 7760 only
Final support will be around 7630 - Sell below 7630 only
Below 7615 it will trade down to 7595, 7550, 7488
Below 7480 (may be 7430) it will breakdown.
above buy sell are 21-28 days trades....
Regards |
buys or sells give clarity if sustaining 2 days after price trigger.....trade trigger should be based on lower tfs price sustenance......
another day where i could read intra day price move and timely exit the shorts...at breakeven.....waiting for protfitable trade  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #872 Posted: Fri Aug 01, 2014 9:55 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | August Monthly Levels [ a volatile expiry can change these ]
Levels for August 14
Above 7905 will be breakout zone for targets of 7960,8025, 8083
Below 7845 will trade lower to 7775, 7710, 7660 where it should find support and move up.
Above 7760 targets are 7807, 7845 - BUY above 7760 only
Final support will be around 7630 - Sell below 7630 only
Below 7615 it will trade down to 7595, 7550, 7488
Below 7480 (may be 7430) it will breakdown.
above buy sell are 21-28 days trades....
Regards |
buys or sells give clarity if sustaining 2 days after price trigger.....trade trigger should be based on lower tfs price sustenance......
another day where i could read intra day price move and timely exit the shorts...at breakeven.....waiting for protfitable trade |
markets again at level of 7670 posted few months back.....the power.....
"have gone short in large quantities for 40 pointer trade".....markets can climb to 7695 spot.....but shall find difficult to sustain above 7715 spot......
targetting 7635 spot minimum..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #873 Posted: Fri Aug 01, 2014 1:53 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | August Monthly Levels [ a volatile expiry can change these ]
Levels for August 14
Above 7905 will be breakout zone for targets of 7960,8025, 8083
Below 7845 will trade lower to 7775, 7710, 7660 where it should find support and move up.
Above 7760 targets are 7807, 7845 - BUY above 7760 only
Final support will be around 7630 - Sell below 7630 only
Below 7615 it will trade down to 7595, 7550, 7488
Below 7480 (may be 7430) it will breakdown.
above buy sell are 21-28 days trades....
Regards |
buys or sells give clarity if sustaining 2 days after price trigger.....trade trigger should be based on lower tfs price sustenance......
another day where i could read intra day price move and timely exit the shorts...at breakeven.....waiting for protfitable trade |
markets again at level of 7670 posted few months back.....the power.....
"have gone short in large quantities for 40 pointer trade".....markets can climb to 7695 spot.....but shall find difficult to sustain above 7715 spot......
targetting 7635 spot minimum..... |
again intra day prediction perfect....but not the profit...same evens.....market has given stop at 7705 spot.....[preferably 7725 for all out longs....reverse]....
should head to 7620/ 7593 in a day or two...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #874 Posted: Fri Aug 01, 2014 2:34 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | August Monthly Levels [ a volatile expiry can change these ]
Levels for August 14
Above 7905 will be breakout zone for targets of 7960,8025, 8083
Below 7845 will trade lower to 7775, 7710, 7660 where it should find support and move up.
Above 7760 targets are 7807, 7845 - BUY above 7760 only
Final support will be around 7630 - Sell below 7630 only
Below 7615 it will trade down to 7595, 7550, 7488
Below 7480 (may be 7430) it will breakdown.
above buy sell are 21-28 days trades....
Regards |
buys or sells give clarity if sustaining 2 days after price trigger.....trade trigger should be based on lower tfs price sustenance......
another day where i could read intra day price move and timely exit the shorts...at breakeven.....waiting for protfitable trade |
markets again at level of 7670 posted few months back.....the power.....
"have gone short in large quantities for 40 pointer trade".....markets can climb to 7695 spot.....but shall find difficult to sustain above 7715 spot......
targetting 7635 spot minimum..... |
again intra day prediction perfect....but not the profit...same evens.....market has given stop at 7705 spot.....[preferably 7725 for all out longs....reverse]....
should head to 7620/ 7593 in a day or two...... |
learning the hard way....  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #875 Posted: Fri Aug 01, 2014 2:39 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | August Monthly Levels [ a volatile expiry can change these ]
Levels for August 14
Above 7905 will be breakout zone for targets of 7960,8025, 8083
Below 7845 will trade lower to 7775, 7710, 7660 where it should find support and move up.
Above 7760 targets are 7807, 7845 - BUY above 7760 only
Final support will be around 7630 - Sell below 7630 only
Below 7615 it will trade down to 7595, 7550, 7488
Below 7480 (may be 7430) it will breakdown.
above buy sell are 21-28 days trades....
Regards |
buys or sells give clarity if sustaining 2 days after price trigger.....trade trigger should be based on lower tfs price sustenance......
another day where i could read intra day price move and timely exit the shorts...at breakeven.....waiting for protfitable trade |
markets again at level of 7670 posted few months back.....the power.....
"have gone short in large quantities for 40 pointer trade".....markets can climb to 7695 spot.....but shall find difficult to sustain above 7715 spot......
targetting 7635 spot minimum..... |
again intra day prediction perfect....but not the profit...same evens.....market has given stop at 7705 spot.....[preferably 7725 for all out longs....reverse]....
should head to 7620/ 7593 in a day or two...... |
learning the hard way.... |
both up and down near done...7721 instead of 7715 and 7635 NS....now wait before expecting a break down....let the breakdown happen ...then another oppourunity to short shall arise....
roaring bull market taking pause for a month or two.... if if.....any 2 closes above 7720 NS would catapult it to 7930 without notice....... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #876 Posted: Fri Aug 01, 2014 2:57 pm Post subject: |
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sustaining below 7630 would be bearish for monthly......buy only above 7695 NS....
above 7590-7600 sustaining it can be whipsaw for bears.....but seems unlikely......
this is price action not necessarily today........
i am watching whether 7590 held otherwise shall short 7590 also...if trades below........
"7572 is next key support".......from where 50-60 point bounce shall come |
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manass
White Belt
Joined: 21 Sep 2009
Posts: 172
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| Post: #877 Posted: Sun Aug 03, 2014 10:21 pm Post subject: |
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| amitagg wrote: | sustaining below 7630 would be bearish for monthly......buy only above 7695 NS....
above 7590-7600 sustaining it can be whipsaw for bears.....but seems unlikely......
this is price action not necessarily today........
i am watching whether 7590 held otherwise shall short 7590 also...if trades below........
"7572 is next key support".......from where 50-60 point bounce shall come |
looks good
Can you pl share your logic
rgds |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #878 Posted: Mon Aug 04, 2014 1:08 pm Post subject: |
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Crude bought just now 1.07 pm at 6016 - 2 lots......risky intra day trade
[trade buy cnfirmation shall come only with price sustaining above 6016 after one hr.]
stop can be low of the day on 30th time frame if broken on second candle after the low.
again not in front of system. remain long is above 15 points filter from 30tf 64 ema......otherwise book as per appetite or take the SL hit.
i would notice in late evening only and square off the trade. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #879 Posted: Mon Aug 04, 2014 1:17 pm Post subject: |
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| amitagg wrote: | Crude bought just now 1.07 pm at 6016 - 2 lots......risky intra day trade
[trade buy cnfirmation shall come only with price sustaining above 6016 after one hr.]
stop can be low of the day on 30th time frame if broken on second candle after the low.
again not in front of system. remain long is above 15 points filter from 30tf 64 ema......otherwise book as per appetite or take the SL hit.
i would notice in late evening only and square off the trade. |
if there was a gap up today....and prices have moved above only...then stop shall be base of gap and again based on 30tf 2 candle confirmation. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #880 Posted: Mon Aug 04, 2014 1:26 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Crude bought just now 1.07 pm at 6016 - 2 lots......risky intra day trade
[trade buy cnfirmation shall come only with price sustaining above 6016 after one hr.]
stop can be low of the day on 30th time frame if broken on second candle after the low.
again not in front of system. remain long is above 15 points filter from 30tf 64 ema......otherwise book as per appetite or take the SL hit.
i would notice in late evening only and square off the trade. |
if there was a gap up today....and prices have moved above only...then stop shall be base of gap and again based on 30tf 2 candle confirmation. |
Placed 1 lot sqr off at 6065 .... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #881 Posted: Mon Aug 04, 2014 2:55 pm Post subject: |
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Bought 7650 put @ 92...target SL after tomorrow [ better to post when entered rather than when in a trade]......
it shall become '0' if spot closes above 7720 tomorrow...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #882 Posted: Mon Aug 04, 2014 2:58 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Crude bought just now 1.07 pm at 6016 - 2 lots......risky intra day trade
[trade buy cnfirmation shall come only with price sustaining above 6016 after one hr.]
stop can be low of the day on 30th time frame if broken on second candle after the low.
again not in front of system. remain long is above 15 points filter from 30tf 64 ema......otherwise book as per appetite or take the SL hit.
i would notice in late evening only and square off the trade. |
if there was a gap up today....and prices have moved above only...then stop shall be base of gap and again based on 30tf 2 candle confirmation. |
Placed 1 lot sqr off at 6065 .... |
revised to 6055....holding 2 lots
[trade confirmation has not come yet and for risk averse either 1 lot can be exited at near cost now 6012] |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #883 Posted: Mon Aug 04, 2014 3:13 pm Post subject: |
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Markets for me can be "bullish" only above 7761 NS sustaining ...it can "still" hit 7716 NS (to 7761 in extreme case] and retrace if 4th leg of downtrend is underway a smentioned by Dynamite/ Rita.
Above 7760 ...bear projection shall go...and market to move above 7840 easily.
Trailing SL levels for initiating shorts with levels moving up......
is anyone adding shorts [positional] already |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #884 Posted: Mon Aug 04, 2014 3:33 pm Post subject: |
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| amitagg wrote: | Bought 7650 put @ 92...target SL after tomorrow [ better to post when entered rather than when in a trade]......
it shall become '0' if spot closes above 7720 tomorrow...... |
doubled and averaged 85....[shall use as hedge if market sustains above 7760]
7717/7729 can be hit on spot tomorrow.......the lower low formation intact so long as 7710 -7730 levels are hit but protected.
still not entering positional shorts....anybody doing...."pls guide"...otherwise later will come back and say "had" bought and now price is 7600, 7550 etc....bla bla bla. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #885 Posted: Mon Aug 04, 2014 4:14 pm Post subject: |
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I still do not understand if anyone understands & trades the "monthly pivot system".........if yes, pls "one follower" come forward and guide if today "positional (monthly) shorts" were taken........nobody has the guts and only a pencil !!!!
i was repeatedly asking if the 'monthly pivot' system would give a 'buy' above spot 7695.....not so i guess as i am told....then why not add and "disclose" positional shorts......... |
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