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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: #946  Posted: Fri Sep 05, 2014 8:06 pm Post subject: |
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| amitagg wrote: | | 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) |
TSL balance 5688 or book second lot at 5675-5680 now |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #947 Posted: Fri Sep 05, 2014 9:08 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | 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) |
TSL balance 5688 or book second lot at 5675-5680 now |
Second target hit 5668......CMP 5634
Crude gives gaps and down... Daily trade method .... No positions |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #948 Posted: Fri Sep 05, 2014 9:20 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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) |
TSL balance 5688 or book second lot at 5675-5680 now |
Second target hit 5668......CMP 5634
Crude gives gaps and down... Daily trade method .... No positions |
Power of EW - triangle and 4h wave signalled down break.
Still whether a free fall to 5525 now or sideways again and recapturing 5660 and up..... Need not estimate or predict..... Rohans method is there to guide us tomorrow.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #949 Posted: Mon Sep 08, 2014 12:29 pm Post subject: |
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Nifty novshort positions holding.....since expect sideways move from 8150-8350- back on monthly time frame with prices retesting 8050-8150 in next 2-3 months and may be move lower.
As per current price move , based on EW ( 5th wave pending from last 8-9 days moves) .... Gann target 8235-8350.... Plus monthly pivot target 8350..... Plus last bull run pattern post election last time....
Market can rise to 8250 then fall to 8150 then rise straight to 8350 then fall to 8150.... Then generate a little sideways move and then fall to 7850 and then " may be" likely 7500 and below.
This can take 3-5 months also..... So fresh shorts should be avoided at all cost.... It is possible that move down will start from a gap down as well and till that happens wait.
Also note that as per neo wave till the most recent upmove on minor charts are retrace in lesser time, which has not happened from February 14, markets to be considered up only
Some systems in buy mode only.... Fresh longs can be added strictly but emotionally be prepared for a day on uncertain severe fall..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #950 Posted: Mon Sep 08, 2014 8:23 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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) |
TSL balance 5688 or book second lot at 5675-5680 now |
Second target hit 5668......CMP 5634
Crude gives gaps and down... Daily trade method .... No positions |
Power of EW - triangle and 4h wave signalled down break.
Still whether a free fall to 5525 now or sideways again and recapturing 5660 and up..... Need not estimate or predict..... Rohans method is there to guide us tomorrow.... |
Crude near 5525....immediate Projected levels are 5490/5400...... Nymex current 92 odd would hit 86/87......
Rohans method gave intra day profits today as well.
Tomorrow shorts should NOT be carried...... Today low 5550
~~~~~~~~~~~~~~~~#~~~~~~~~}~~~~~~}}}}}##
Tomorrow trade ( against method) - but based on observation
Buy at close today (risky) or open at tomorrow if same level or gap down.......30 points profit target.... Stop 5480 ( no trade if moves above 5585 before close)
Resistance very short term 5610/5640...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #951 Posted: Wed Sep 10, 2014 9:07 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | 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) |
TSL balance 5688 or book second lot at 5675-5680 now |
Second target hit 5668......CMP 5634
Crude gives gaps and down... Daily trade method .... No positions |
Power of EW - triangle and 4h wave signalled down break.
Still whether a free fall to 5525 now or sideways again and recapturing 5660 and up..... Need not estimate or predict..... Rohans method is there to guide us tomorrow.... |
Crude near 5525....immediate Projected levels are 5490/5400...... Nymex current 92 odd would hit 86/87......
Rohans method gave intra day profits today as well.
Tomorrow shorts should NOT be carried...... Today low 5550
~~~~~~~~~~~~~~~~#~~~~~~~~}~~~~~~}}}}}##
Tomorrow trade ( against method) - but based on observation
Buy at close today (risky) or open at tomorrow if same level or gap down.......30 points profit target.... Stop 5480 ( no trade if moves above 5585 before close)
Resistance very short term 5610/5640...... |
So a timely no short post of few days back...... See nymex target of 87 .... Today made low 91 cracking 92 support....
5th wave of 5th of 3rd from 6500 to target 5450-5492  confusing all....keep short if short (with SL 5780) positional (SL 5725) swing(SL 5692) short term and 5662 very short term!!!!!!!!!!! |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #952 Posted: Wed Sep 10, 2014 9:24 pm Post subject: |
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| Clarification - maintain short if below 5580 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #953 Posted: Thu Sep 11, 2014 5:22 pm Post subject: |
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| amitagg wrote: | | Clarification - maintain short if below 5580 |
Entered short after break of 30 tf swing low today at 5575and booked at 5545
the earliest level
Nearing already posted level of 5492-5400
Be careful shorts still.... Since 5tf of 5tf of 3rd and longest wave since 6500 about to end..........  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #954 Posted: Thu Sep 11, 2014 7:23 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | Clarification - maintain short if below 5580 |
Entered short after break of 30 tf swing low today at 5575and booked at 5545
the earliest level
Nearing already posted level of 5492-5400
Be careful shorts still.... Since 5tf of 5tf of 3rd and longest wave since 6500 about to end.......... |
See the low was around 5530 and just now 5575... Up to cost level..... So correct intra day profit booking ....
Now waiting for next trigger |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #955 Posted: Thu Sep 11, 2014 8:03 pm Post subject: |
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Bought crude 5588 just now... After retrace from 5618 levels a while back..... Stop 5540.....".risky trade" and confirmation if remains above 5570 by close......
Usd INR shall support.....
( so both short and long trade taken today) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #956 Posted: Thu Sep 11, 2014 8:07 pm Post subject: |
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| amitagg wrote: | Bought crude 5588 just now... After retrace from 5618 levels a while back..... Stop 5540.....".risky trade" and confirmation if remains above 5570 by close......
Usd INR shall support.....
( so both short and long trade taken today) |
And yes SL should be given before target when initiating trade  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #957 Posted: Thu Sep 11, 2014 8:22 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Bought crude 5588 just now... After retrace from 5618 levels a while back..... Stop 5540.....".risky trade" and confirmation if remains above 5570 by close......
Usd INR shall support.....
( so both short and long trade taken today) |
And yes SL should be given before target when initiating trade |
SL at cost now 5606.......i trade intra day and often book 20-30-40 points.......though ATR is 95......
but holding this time...... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #958 Posted: Thu Sep 11, 2014 8:25 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Bought crude 5588 just now... After retrace from 5618 levels a while back..... Stop 5540.....".risky trade" and confirmation if remains above 5570 by close......
Usd INR shall support.....
( so both short and long trade taken today) |
And yes SL should be given before target when initiating trade |
SL at cost now 5606.......i trade intra day and often book 20-30-40 points.......though ATR is 95......
but holding this time...... |
and yes, there is reason for TSL to cost from 5540 ...since bullish "only" above 5618.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #959 Posted: Thu Sep 11, 2014 8:59 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | amitagg wrote: | | amitagg wrote: | Bought crude 5588 just now... After retrace from 5618 levels a while back..... Stop 5540.....".risky trade" and confirmation if remains above 5570 by close......
Usd INR shall support.....
( so both short and long trade taken today) |
And yes SL should be given before target when initiating trade |
SL at cost now 5606.......i trade intra day and often book 20-30-40 points.......though ATR is 95......
but holding this time...... |
and yes, there is reason for TSL to cost from 5540 ...since bullish "only" above 5618.... |
book at 5620.....shall reenter after next trigger.....
60 points today |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #960 Posted: Thu Sep 11, 2014 9:40 pm Post subject: |
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| again proper profit booking....crude down from 5620 to 5590 now.....would be willing to re enter long after next trigger.........and also short!!!!! |
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