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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: #886  Posted: Mon Aug 04, 2014 4:16 pm Post subject: |
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| amitagg wrote: | 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......... |
response in this thread is always welcome...since i am only concerned with technicals not people. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #887 Posted: Mon Aug 04, 2014 6:01 pm Post subject: |
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| amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings)  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #888 Posted: Mon Aug 04, 2014 8:00 pm Post subject: |
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So all crude ones ...pls see
squared both lots at cost 6016......the SL was not hit.....system worked....and respected 2 candle 30tfs [trade 1 is a zero grosser]
have squared since it is hovering around 6015...as per system long shall trigger above 30tf 2 closings one after another above 6015....if it happens tomorrow.
System worked both sides perfectly.
| amitagg wrote: | | amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #889 Posted: Mon Aug 04, 2014 8:02 pm Post subject: |
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And today was "exact example" of why i posted in another thread that i expected a move up that day.......but was not taken correctly.
| amitagg wrote: | So all crude ones ...pls see
squared both lots at cost 6016......the SL was not hit.....system worked....and respected 2 candle 30tfs [trade 1 is a zero grosser]
have squared since it is hovering around 6015...as per system long shall trigger above 30tf 2 closings one after another above 6015....if it happens tomorrow.
System worked both sides perfectly. Lets see how it fares....I am a "new" trader.
| amitagg wrote: | | amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #890 Posted: Mon Aug 04, 2014 9:27 pm Post subject: |
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markets will halt at 7718/7729/7745/7760 multiple resistances and cannot say which will hold......so till 7760 NS [and not earlier] it is only bull retrace in "bear countrend" to major bull market........advisable to take 30 point filter rather than focus too much on 7718/7727....
shorting 7700-7750 has high risk reward....it is still going against monthly pivot trading system which i was pointing even earlier suggested "buy" at above 7696 NS......and the system is good and tested.
markets closing above 7720 tomorrow or intra day going beyond 7760 NS for 30 mins would assume 7930 shall be hit....which is not my prognosis.....hence waiting for bear trigger to initiate position short....that is shorting when fall happens rather than on rise..... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #891 Posted: Mon Aug 04, 2014 10:04 pm Post subject: |
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since it has moved down to 5983....and exit was proper!!!!!
Trading decisions today and effect:
1. bought - okay since dramatic move follows just after the trigger [box ticked]
2. saw trade confirmation was not there after hr - asked to sqr 1 lot [box ticked]
3. SL level "accurately" though of [box ticked]
4. When price moved to cost, squared off [since buy trigger was missing] [box ticked]
5. one error could be to have squared off both lots if trade confirmation was missing and take nominal loss. [box not ticked]
| amitagg wrote: | And today was "exact example" of why i posted in another thread that i expected a move up that day.......but was not taken correctly.
| amitagg wrote: | So all crude ones ...pls see
squared both lots at cost 6016......the SL was not hit.....system worked....and respected 2 candle 30tfs [trade 1 is a zero grosser]
have squared since it is hovering around 6015...as per system long shall trigger above 30tf 2 closings one after another above 6015....if it happens tomorrow.
System worked both sides perfectly. Lets see how it fares....I am a "new" trader.
| amitagg wrote: | | amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #892 Posted: Mon Aug 04, 2014 11:29 pm Post subject: |
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bought again at near closing 6018 - 2 lots in anticipation of up opening....trade confirmation pending.
Stop 5990 [ again risky more so since taken at end of day]
....target exit at gap opening if near 6038 (1 lot)..balance TSl to cost....2nd at 6055
| amitagg wrote: | since it has moved down to 5983....and exit was proper!!!!!
Trading decisions today and effect:
1. bought - okay since dramatic move follows just after the trigger [box ticked]
2. saw trade confirmation was not there after hr - asked to sqr 1 lot [box ticked]
3. SL level "accurately" though of [box ticked]
4. When price moved to cost, squared off [since buy trigger was missing] [box ticked]
5. one error could be to have squared off both lots if trade confirmation was missing and take nominal loss. [box not ticked]
| amitagg wrote: | And today was "exact example" of why i posted in another thread that i expected a move up that day.......but was not taken correctly.
| amitagg wrote: | So all crude ones ...pls see
squared both lots at cost 6016......the SL was not hit.....system worked....and respected 2 candle 30tfs [trade 1 is a zero grosser]
have squared since it is hovering around 6015...as per system long shall trigger above 30tf 2 closings one after another above 6015....if it happens tomorrow.
System worked both sides perfectly. Lets see how it fares....I am a "new" trader.
| amitagg wrote: | | amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #893 Posted: Mon Aug 04, 2014 11:36 pm Post subject: |
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wow ....what a coincidence....!!! ... when 2 evil minds meet......
| amitagg wrote: | bought again at near closing 6018 - 2 lots in anticipation of up opening....trade confirmation pending.
Stop 5990 [ again risky more so since taken at end of day]
....target exit at gap opening if near 6038 (1 lot)..balance TSl to cost....2nd at 6055
| amitagg wrote: | since it has moved down to 5983....and exit was proper!!!!!
Trading decisions today and effect:
1. bought - okay since dramatic move follows just after the trigger [box ticked]
2. saw trade confirmation was not there after hr - asked to sqr 1 lot [box ticked]
3. SL level "accurately" though of [box ticked]
4. When price moved to cost, squared off [since buy trigger was missing] [box ticked]
5. one error could be to have squared off both lots if trade confirmation was missing and take nominal loss. [box not ticked]
| amitagg wrote: | And today was "exact example" of why i posted in another thread that i expected a move up that day.......but was not taken correctly.
| amitagg wrote: | So all crude ones ...pls see
squared both lots at cost 6016......the SL was not hit.....system worked....and respected 2 candle 30tfs [trade 1 is a zero grosser]
have squared since it is hovering around 6015...as per system long shall trigger above 30tf 2 closings one after another above 6015....if it happens tomorrow.
System worked both sides perfectly. Lets see how it fares....I am a "new" trader.
| amitagg wrote: | | amitagg wrote: | | 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] |
SL hit for 2nd lot at 5960 possible ....if breaks first candle low below gap base
Note: the entry turned out to be top since 2 closings 30tf were absent. There was no error in system in trade 1 ( only in trade execution) ( for those who are looking at system not my results if they are closely connected to market..... My time goes in ichart postings) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #894 Posted: Tue Aug 05, 2014 8:18 am Post subject: |
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Intra day sell level 7691 NF......or 7743 (agressive) or 7773 (intra day only conservative).....
no buy today .....except for 20 pointer with upfront profit booking market order
there is a "harmonic" in progess targetting 127% at 7780..."early shorts" be careful. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #895 Posted: Tue Aug 05, 2014 9:07 am Post subject: |
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| amitagg wrote: | Intra day sell level 7691 NF......or 7743 (agressive) or 7773 (intra day only conservative).....
no buy today .....except for 20 pointer with upfront profit booking market order
there is a "harmonic" in progess targetting 127% at 7780..."early shorts" be careful. |
7693 ( equi7727 approx) is weekly and monthly buy point.... Market would rather give immediate 20 points above this....( but basis trading preference conservatively would not attempt longs today) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #896 Posted: Tue Aug 05, 2014 12:06 pm Post subject: |
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| amitagg wrote: | | 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. |
have exited the put at 70....cost was 85 (20% gone)..... shall reinitate below 7685 NS..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #897 Posted: Tue Aug 05, 2014 12:17 pm Post subject: |
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| reversed allll ... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #898 Posted: Tue Aug 05, 2014 12:18 pm Post subject: |
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| amitagg wrote: | | reversed allll ... |
now shall hold....good trade hgopefullu....acted fast.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #899 Posted: Tue Aug 05, 2014 12:49 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | reversed allll ... |
now shall hold....good trade hgopefullu....acted fast.... |
now got "time" to post....shorted at 7710 NF for 7730 long with was my level of NS 7693 spot.... 7710 was low lower bounaries of day
captured all losses including puts...holding partial unrealised gains and holding part stock only.
market weak clearly and likely to give way later today or tomorrow... once 7650 goes..already below weekly and monthly levels.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #900 Posted: Tue Aug 05, 2014 1:36 pm Post subject: |
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| markets interestingly poised....shorters should book profits...and reenter 7655 below NS.....[current NS 7670 - my value for weeks months....!!!!!!] |
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