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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: #901  Posted: Tue Aug 05, 2014 1:44 pm Post subject: |
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| amitagg wrote: | markets interestingly poised....shorters should book profits...and reenter 7655 below NS.....[current NS 7670 - my value  for weeks months....!!!!!!] |
so the monthly pivot system is still difficult to understand - see the waves which confused "everybody"....
1st prognosis - market is positional short with stop 7810? / 7845
2nd - did not enter positional short since was intra day buy and fear gripped
3rd. - revised buy level to 7700..... changed to buy from sell??? cannot say why
4th...market obliged moved up and down back
5th.....both high and low Sls were hit....
6th....markets back to my number 7670
7th. ...now above pivot monthly and confusing....
anyone entering positional shorts!!! |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #902 Posted: Tue Aug 05, 2014 2:10 pm Post subject: |
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precise "intra day tape reading" at exact point.....
| amitagg wrote: | | amitagg wrote: | | markets interestingly poised....shorters should book profits...and reenter 7655 below NS.....[current NS 7670 - my value for weeks months....!!!!!!] |
so the monthly pivot system is still difficult to understand - see the waves which confused "everybody"....
1st prognosis - market is positional short with stop 7810? / 7845
2nd - did not enter positional short since was intra day buy and fear gripped
3rd. - revised buy level to 7700..... changed to buy from sell??? cannot say why
4th...market obliged moved up and down back
5th.....both high and low Sls were hit....
6th....markets back to my number 7670
7th. ...now above pivot monthly and confusing....
anyone entering positional shorts!!! |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #903 Posted: Tue Aug 05, 2014 2:20 pm Post subject: |
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remain long for some points and good bye....
| amitagg wrote: | precise "intra day tape reading" at exact point.....
| amitagg wrote: | | amitagg wrote: | | markets interestingly poised....shorters should book profits...and reenter 7655 below NS.....[current NS 7670 - my value for weeks months....!!!!!!] |
so the monthly pivot system is still difficult to understand - see the waves which confused "everybody"....
1st prognosis - market is positional short with stop 7810? / 7845
2nd - did not enter positional short since was intra day buy and fear gripped
3rd. - revised buy level to 7700..... changed to buy from sell??? cannot say why
4th...market obliged moved up and down back
5th.....both high and low Sls were hit....
6th....markets back to my number 7670
7th. ...now above pivot monthly and confusing....
anyone entering positional shorts!!! |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #904 Posted: Wed Aug 06, 2014 3:31 pm Post subject: |
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| amitagg wrote: | 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..... |
7670 |
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amitagg
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| Post: #905 Posted: Wed Aug 06, 2014 7:36 pm Post subject: |
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Irresistable and back with normal state of mind ( apologies to everyone !!!! And shall follow protocols)
Crude long at 6020 sustaining...... ( 2 lots) Target end of day value ( one lot) balance to trail
Stop loss is wide below 5950 : only risky traders attempt
Reason for long: only today after much basing for few days have held above 6015-6020 for more than 2 hrs..... INR support added |
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734
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| Post: #906 Posted: Wed Aug 06, 2014 7:42 pm Post subject: |
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| It's good to know that we are not going to miss your commentary...with lot of insights. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #907 Posted: Wed Aug 06, 2014 9:28 pm Post subject: |
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| amitagg wrote: | Irresistable and back with normal state of mind ( apologies to everyone !!!! And shall follow protocols)
Crude long at 6020 sustaining...... ( 2 lots) Target end of day value ( one lot) balance to trail
Stop loss is wide below 5950 : only risky traders attempt
Reason for long: only today after much basing for few days have held above 6015-6020 for more than 2 hrs..... INR support added |
looking at 30tf actual chart.....there has been "no 2 closings above one another and prior to swing high at 6020 on 30tf".....hence was not a buy.....now 5992....closing the position.
in past 3-4 trades, this buy trigger was not confirmed and prices didnt move therefore...next time would take a confirmation trade even if missed the favourable price.
there was a double bottom in place....but the 30tf trigger is proving more important for trade. |
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amitagg
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Posts: 4559
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| Post: #908 Posted: Wed Aug 06, 2014 9:33 pm Post subject: |
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| rk_a2003 wrote: | | It's good to know that we are not going to miss your commentary...with lot of insights. |
Thanks for the encouragement.
With respect & regards |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #909 Posted: Thu Aug 07, 2014 3:16 pm Post subject: |
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Intra day Price reading saved 2 ...40 point SL in 15tf system......total 80 points saved
only short calls gave some money.....
now no positions.
market again at 7670 NF
Please all note: 7666 is "most significant pivot"....which was foreseen "few months back" even when price did not hit it "first time".......read my earlier post.....
now its relvance shall be threatened over the next 2 weeks or so....and we may see......a 450 point move from this level. |
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amitagg
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Posts: 4559
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| Post: #910 Posted: Mon Aug 25, 2014 3:19 pm Post subject: |
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"If" markets break 7870 NS...it shall be significant reversal for few weeks/ months......expect sideways to down action next 3-4 days and no rallies......any rally "shall" be sold into.......easily.
NS > 8000 before expiry is out for me.
I can and can very well be "wrong"......
After 9 days of uptrend, its time to roll over in other direction...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #911 Posted: Mon Aug 25, 2014 6:39 pm Post subject: |
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| amitagg wrote: | "If" markets break 7870 NS...it shall be significant reversal for few weeks/ months......expect sideways to down action next 3-4 days and no rallies......any rally "shall" be sold into.......easily.
NS > 8000 before expiry is out for me.
I can and can very well be "wrong"......
After 9 days of uptrend, its time to roll over in other direction...... |
market NF can rise to 7930-7955 NF (Buffet method modified) + (typical reaction on break of minor violent bull move) ....where the short triggers accumulate and should be sold off......it there is a move back to 7970 and sustained by close.....it would mean sideways action for next 3-4 days followed by "possible bull move"..........
ie. markets closing below 7930 NS tomorrow would mean "bear move" starting........a sideways action for next few days without retrace to 7970 NF would also mean the same........
SSPS given sell
Rahul 15tf/ 30tf giving sell at 7885
50dma etc placed at 7880 +-10 points ,
so break of 7870 would "kill" the uptrend......even if it happens intra day.....with close near those levels...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #912 Posted: Mon Aug 25, 2014 7:23 pm Post subject: |
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If anyone has analysed various tfs for USD INR it is most interestingly poised at 60.56......holding 60.4 shall be extremely bullish.... (with Dollar Index supporting also)
for me......above 59.97 it shall be a bullish scenario and I expect Nifty to rally much further only on USD INR breaking 59.96 decisively...........
due to USD INR , Nifty is likely to exhaust its uptrend soon........for few weeks/ few months...... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #913 Posted: Tue Aug 26, 2014 1:04 pm Post subject: |
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NS likely to break 7870 level and reach 7740.......
INR & Vix shall support the fall......
gone long in Sep ATM puts... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #914 Posted: Tue Aug 26, 2014 1:17 pm Post subject: |
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| amitagg wrote: | NS likely to break 7870 level and reach 7740.......
INR & Vix shall support the fall......
gone long in Sep ATM puts... |
Taken a long strangle 7800 put / 8000 call @ 145 additionally - large quantity |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #915 Posted: Tue Aug 26, 2014 1:25 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | NS likely to break 7870 level and reach 7740.......
INR & Vix shall support the fall......
gone long in Sep ATM puts... |
Taken a long strangle 7800 put / 8000 call @ 145 additionally - large quantity |
Puts added to yesterday's buying
Also bought tata steel 500 put sep @7 expecting O or 482 .... Cmp 428 ( morning trade) ... There was professional supply zone at 430-433 |
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