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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
amitagg
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Joined: 01 Oct 2013
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Post: #931  Posted: Wed Aug 27, 2014 2:41 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | I am getting the "feeling" from reading the intra - day price that market can hit 7900 NS shortly.....lets see....i may be unintentially biased |
i do not expect great upward thrust today....only sideays action or down few (or many  ) points from opening...... |
bank nifty shall provide upthrust if it happens.......7953 NS ...one can go SAR long......7930 is great support area for me...... |
7930 support held well as do 7950 resistance +- 5 points.....narrow range as seen in morning......doubt upthrust today.....only gap up can and well happen tomorrow....closing my short 15tf.........no longs here....shall even out the ratio of strangle on move above 7950 |
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amitagg
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| Post: #932 Posted: Wed Aug 27, 2014 3:26 pm Post subject: |
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| 7800 put and 8000 call @ 160 cost + (10 for 15tf loss+reserve for welgro/shankar loss if happens) - let the market hit 8125-8160 or 7670-7740 for square off ....."evened out position now" |
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amitagg
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| Post: #933 Posted: Wed Aug 27, 2014 3:30 pm Post subject: |
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| amitagg wrote: | | 7800 put and 8000 call @ 160 cost + (10 for 15tf loss+reserve for welgro/shankar loss if happens) - let the market hit 8125-8160 or 7670-7740 for square off ....."evened out position now" |
now since 8000 call is nearer and at higher price....want market to move and hit 8030-8100 in gap up....
technicals support otherwise though for me....but as mentioned to Dynamite post, "one big gap up" is still pending......to cut the shorts and start the bear trigger...........
again banking on "volatility" move in next 2 weeks otherwise position would start incuring losses.......that itself shall do whichever the direction |
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amitagg
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Joined: 01 Oct 2013
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| Post: #934 Posted: Mon Sep 01, 2014 12:06 pm Post subject: |
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have 'tilted' and squared at 130 levels [position current at breakeven] ......puts holding......trying to shift to Oct puts.....
for those tracking 8000 call Sep, it has stiff resitance at 152-155 levels....followed by 185.
for me, 8030 was one pattern target.....8100 was another.....i have booked out of calls despite 'bullish -sideways" fervour (not prices) to remain fir next 3-4 days.....
expect below 7800 in Oct , 7500 in Nov and 7300 by Dec.....14 (it can be earlier i cannot predict but targetting 7300 by Dec 14)
this is a positional view remaining unchanged despite market going up to 8200-8300 even if it does.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #935 Posted: Mon Sep 01, 2014 12:26 pm Post subject: |
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| personally expect market top out at 8030 (touched) - 8061-8089 (possible likely levels)........though even till 8170 is would remain in "range" mode for this month....... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #936 Posted: Mon Sep 01, 2014 12:42 pm Post subject: |
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| amitagg wrote: | | personally expect market top out at 8030 (touched) - 8061-8089 (possible likely levels)........though even till 8170 is would remain in "range" mode for this month....... |
tehnically market bullish "intra day" above 8013 and shall i.e likely (or can) target 8037 - 8060 NS today.....
stop for longs can be 7983 NS.....(and confirmation at 7963...below that "bearish" and NOT buy on dips for me) |
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amitagg
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Posts: 4559
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| Post: #937 Posted: Mon Sep 01, 2014 3:10 pm Post subject: |
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147 now....be careful... as expected intra day was bullish.....
| amitagg wrote: | have 'tilted' and squared at 130 levels [position current at breakeven] ......puts holding......trying to shift to Oct puts.....
for those tracking 8000 call Sep, it has stiff resitance at 152-155 levels....followed by 185.
for me, 8030 was one pattern target.....8100 was another.....i have booked out of calls despite 'bullish -sideways" fervour (not prices) to remain fir next 3-4 days.....
expect below 7800 in Oct , 7500 in Nov and 7300 by Dec.....14 (it can be earlier i cannot predict but targetting 7300 by Dec 14)
this is a positional view remaining unchanged despite market going up to 8200-8300 even if it does.... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #938 Posted: Mon Sep 01, 2014 3:27 pm Post subject: |
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8100 is 900+7200 [mentioned few days back by me]
8089/ 8100 is also monthly & weekly pivot resistance
8070 is also 6357-4530=1800*1.618+5116 = (mentioned as target by Rita few days back) [ 8030 was one EW pattern target ]
8125 - "first" mentioned by Icharts
8100 now mentioned by Turtle also |
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amitagg
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Posts: 4559
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| Post: #939 Posted: Tue Sep 02, 2014 1:24 pm Post subject: |
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| amitagg wrote: | 8100 is 900+7200 [mentioned few days back by me]
8089/ 8100 is also monthly & weekly pivot resistance
8070 is also 6357-4530=1800*1.618+5116 = (mentioned as target by Rita few days back) [ 8030 was one EW pattern target ]
8125 - "first" mentioned by Icharts
8100 now mentioned by Turtle also |
since close to 8100....i have started shorting in small qtny
NF Sep 8103-8123-8143........also added Oct + Nov 8000 puts
[ i mentioned few posts back that despite marking touching 8171-8357 etc...typical high targets in THIS move].....i shall maintain my "reversal" or "bearish view" ....cannot time it....so taking distant positions.....] |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #940 Posted: Tue Sep 02, 2014 1:52 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | 8100 is 900+7200 [mentioned few days back by me]
8089/ 8100 is also monthly & weekly pivot resistance
8070 is also 6357-4530=1800*1.618+5116 = (mentioned as target by Rita few days back) [ 8030 was one EW pattern target ]
8125 - "first" mentioned by Icharts
8100 now mentioned by Turtle also |
since close to 8100....i have started shorting in small qtny
NF Sep 8103-8123-8143........also added Oct + Nov 8000 puts
[ i mentioned few posts back that despite marking touching 8171-8357 etc...typical high targets in THIS move].....i shall maintain my "reversal" or "bearish view" ....cannot time it....so taking distant positions.....] |
market makers know that tired shorters would exit tomorrow when market is at 8125-8150.......or today?......the exit is very important to trigger the slide....hoping against hope.....price action is "long" man!!!!....i have "time" at hand and with me. |
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amitagg
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Posts: 4559
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| Post: #941 Posted: Wed Sep 03, 2014 11:23 am Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 8100 is 900+7200 [mentioned few days back by me]
8089/ 8100 is also monthly & weekly pivot resistance
8070 is also 6357-4530=1800*1.618+5116 = (mentioned as target by Rita few days back) [ 8030 was one EW pattern target ]
8125 - "first" mentioned by Icharts
8100 now mentioned by Turtle also |
since close to 8100....i have started shorting in small qtny
NF Sep 8103-8123-8143........also added Oct + Nov 8000 puts
[ i mentioned few posts back that despite marking touching 8171-8357 etc...typical high targets in THIS move].....i shall maintain my "reversal" or "bearish view" ....cannot time it....so taking distant positions.....] |
market makers know that tired shorters would exit tomorrow when market is at 8125-8150.......or today?......the exit is very important to trigger the slide....hoping against hope.....price action is "long" man!!!!....i have "time" at hand and with me. |
>>>>>>>>>>>>>>>>>>>>>>>>>
sold November futures @ 8225....(50%) ......(in lieu of Sep)
selling 25% at 8275 & 25% at 8325 [over the next 2-3 days till the trend is "likely" up only)
(8216 NS is 360 degree Gaan level and should seeing "price action" be tested after 8171)
- likely 40-50 points up move with one large bull candle pending [ basis price action, but playing for "bearish" longer term EW technical analysis till December 14]
target NF 7900 / 7800 / 7500.......stop NF 8525 [obviously small qtny traded] - all trades are risky [subject to SL being in place], all trades should have conviction
again Dollar index rising to 83, INR at supports, this cannot be the trend - longs to be sucked out of equities for some time !!!!!
trend can be followed ideally with previous days low at stop - that would have been great....but practically it is difficult to "get on " a trend which (supposedly is late).
waiting to add Nov put @ 8000 at 8170-8216 level
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> |
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amitagg
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Posts: 4559
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| Post: #942 Posted: Fri Sep 05, 2014 1:02 pm Post subject: |
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this phase is make or break for markets with election, government, ECB, FED, etc. all over......and 8050 key level..if markets sustains below that for 2 weeks, red all over...........100-200 snap rallies can surely be seen .....if 8050 holds , suprise markets can touch 8350 also
i do not expect that IF 7960 is broken, markets would work back to above 8250......would expect sideways action / reasonably bearish action then, with top 8142 (current) respected within band of 100 points on monthly timeframe........for next 6-8 months.....
| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | 8100 is 900+7200 [mentioned few days back by me]
8089/ 8100 is also monthly & weekly pivot resistance
8070 is also 6357-4530=1800*1.618+5116 = (mentioned as target by Rita few days back) [ 8030 was one EW pattern target ]
8125 - "first" mentioned by Icharts
8100 now mentioned by Turtle also |
since close to 8100....i have started shorting in small qtny
NF Sep 8103-8123-8143........also added Oct + Nov 8000 puts
[ i mentioned few posts back that despite marking touching 8171-8357 etc...typical high targets in THIS move].....i shall maintain my "reversal" or "bearish view" ....cannot time it....so taking distant positions.....] |
market makers know that tired shorters would exit tomorrow when market is at 8125-8150.......or today?......the exit is very important to trigger the slide....hoping against hope.....price action is "long" man!!!!....i have "time" at hand and with me. |
>>>>>>>>>>>>>>>>>>>>>>>>>
sold November futures @ 8225....(50%) ......(in lieu of Sep)
selling 25% at 8275 & 25% at 8325 [over the next 2-3 days till the trend is "likely" up only)
(8216 NS is 360 degree Gaan level and should seeing "price action" be tested after 8171)
- likely 40-50 points up move with one large bull candle pending [ basis price action, but playing for "bearish" longer term EW technical analysis till December 14]
target NF 7900 / 7800 / 7500.......stop NF 8525 [obviously small qtny traded] - all trades are risky [subject to SL being in place], all trades should have conviction
again Dollar index rising to 83, INR at supports, this cannot be the trend - longs to be sucked out of equities for some time !!!!!
trend can be followed ideally with previous days low at stop - that would have been great....but practically it is difficult to "get on " a trend which (supposedly is late).
waiting to add Nov put @ 8000 at 8170-8216 level
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #943 Posted: Fri Sep 05, 2014 1:28 pm Post subject: |
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In the meantime for crude followers, crude is forming "triangle" typical in 4th wave so expect 5th wave down to 5525 first target.......5940 has to be stop since ABC reaction "may" be unfolding as well to the 3rd wave down from 6500 levels..........
[buy above 5780 for daily trades target 5805, 5830] - stop 5735
[sell below 5715 for daily trades targets 5694, 5667] - stop 5760
(45 point stop, 25,50 target- since sideways corrective move currently)
ST 8,2 on 30tf to be seen also as per Rohan's method........currently intertwinded with price.....also price action near falling trendline from 6500 levels.............
stop placement critical (for daily trades)....... greater ATR stop should preferably be taken once trades settles in over longer period...qtny keep minimal to average if required
Note: Professional "Demand supply" levels keep getting created as price moves on so trade adjustments are required manually |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #944 Posted: Fri Sep 05, 2014 2:35 pm Post subject: |
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| amitagg wrote: | In the meantime for crude followers, crude is forming "triangle" typical in 4th wave so expect 5th wave down to 5525 first target.......5940 has to be stop since ABC reaction "may" be unfolding as well to the 3rd wave down from 6500 levels..........
[buy above 5780 for daily trades target 5805, 5830] - stop 5735
[sell below 5715 for daily trades targets 5694, 5667] - stop 5760
(45 point stop, 25,50 target- since sideways corrective move currently)
ST 8,2 on 30tf to be seen also as per Rohan's method........currently intertwinded with price.....also price action near falling trendline from 6500 levels.............
stop placement critical (for daily trades)....... greater ATR stop should preferably be taken once trades settles in over longer period...qtny keep minimal to average if required
Note: Professional "Demand supply" levels keep getting created as price moves on so trade adjustments are required manually |
for crude followers, 5760 CMP, is long area also......that is "exit shorts" if any......... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #945 Posted: Fri Sep 05, 2014 6:31 pm Post subject: |
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| amitagg wrote: | In the meantime for crude followers, crude is forming "triangle" typical in 4th wave so expect 5th wave down to 5525 first target.......5940 has to be stop since ABC reaction "may" be unfolding as well to the 3rd wave down from 6500 levels..........
[buy above 5780 for daily trades target 5805, 5830] - stop 5735
[sell below 5715 for daily trades targets 5694, 5667] - stop 5760
(45 point stop, 25,50 target- since sideways corrective move currently)
ST 8,2 on 30tf to be seen also as per Rohan's method........currently intertwinded with price.....also price action near falling trendline from 6500 levels.............
stop placement critical (for daily trades)....... greater ATR stop should preferably be taken once trades settles in over longer period...qtny keep minimal to average if required
Note: Professional "Demand supply" levels keep getting created as price moves on so trade adjustments are required manually |
First target met- 5694 ( current 5686) 
Also note that high was 5762.... Just 2 points above level mentioned in mid session below when CMP was 5760
Always balance should be protected on TSL basis ( since sideways move)
However sideways move is also ripening ( 12-14 days) and more volatile move down can ensue( this has to be traded basis Rohans method) |
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