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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: #991  Posted: Mon Sep 22, 2014 9:58 pm Post subject: |
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and it did moved down to 39440 just a while back (my exit for intra day trade was timely) which represents 2:1 of professional shorters at supply level of 39680 (39800-39680=120*2=240 so 39680-240=39440) - still likely to target 39925-40000 approx.
| mikky wrote: | Great!!! 
Happy to know.... Enjoy
| amitagg wrote: | i have exited at 300 Rs profit (silver) entry was posted in your thread. (my trde was purely intra day as often based on supply demand)....39800 & 40000 are 2 resistances based on such pattern.....the resistance area started around yesterdays closing price which i used to exit. (i dont calculated profits or % profit, just trade basis intra levels)
thanks for instilling a trade initiation thought.
| mikky wrote: | Thanks Amit!!!
| amitagg wrote: | | mikky wrote: | Amit, do you track Silver as well... Can you please tell me outlook on Silver... Planning to go long on it @current levels.
Waiting for reply. |
Tracking is something else... Do but not wholesome for trading purposes
Trading only crude ( since get drilling down to specific levels)
Silver was wanting to but on Friday fall after it touched 39600 and rose to 40000. Saved
Since weekly or monthly don't recall 39300-39900 was demand levels
It is already broken today..... Never so sure.... Since people expected 15-16 usd also... Bad charts...... Money is made in bad times..... But for me trading is different if we have to eliminate discretion and focus only on technicals
Don't thing technicals wod suggest buying it unless of course have fallen a lot etc
Your trendline areas to support buying also not triggered as of now I guess
I can be definitively and mostly wrong since I can think of being right only on daily traded commodity like crude |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #992 Posted: Tue Sep 23, 2014 12:31 pm Post subject: |
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I am prefering not to trade crude today since having some issues deciphering the minor waves + Rohan method though in sell not giving intra day trigger still
...let price move from 5586 decisively over some time period the trigger may come [ 5550 levels were reached as mentioned below and 5626 on upside - i expected 5654 at least so would price move again above 5610 to touch higher levels]
[.....a trade long intra day would exist above 5603 to touch 5633 SL 5777 though for those interested....] - not covering all triggers so i may be skipping the trade
so the significant support area 5550-5600.......still 5525 can be touched and a 100-150 point rise follow
| amitagg wrote: | | amitagg wrote: | Crude resistance 5654-5680
Crude support 5555-5565-5577
Trend trade:( skipping intra day long side trade for posting purposes to avoid clutter)
Sell crude below 5597 target 5578(min)
Sell crude if hits 5642-5655 and falls back below 5630
(5618 and 5635 other minor resistances)
Stops for positional shorts if any 5815
Stops for intra day shorts 5668 ( if above 5609)- aggressive shorts to keep 5685 only as stop
Likely move to hit 5550-5570 areas ( high likelihood)
Then pullback to 5654 ( possible) or 5723 ( less likely but possible)
Breakdown below 5525 target 5490/5400/5300 ( final target)
Patterns currently diamond , symmetrical triangle
Bearish Wave v of 1 of (5) from 6500 in progress ( count to change only above 5815 sustaining) |
5578 hit low 5569
2-3 more opportunities to come later today . I would recommend booking profits unless one hr remaining below 5560. To resell at 5619-5635 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #993 Posted: Tue Sep 23, 2014 2:53 pm Post subject: |
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| amitagg wrote: | | 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....... |
as written on 1-9-14 : high was 8180 - |
today high NF was 8164.....still in "range " mode....no breakout [for shorters to worry]
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #994 Posted: Tue Sep 23, 2014 7:19 pm Post subject: |
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And see again .... Silver touched today 39930 ... Level given below 39925 and fell to 39459 again.....
| amitagg wrote: | and it did moved down to 39440 just a while back (my exit for intra day trade was timely) which represents 2:1 of professional shorters at supply level of 39680 (39800-39680=120*2=240 so 39680-240=39440) - still likely to target 39925-40000 approx.
| mikky wrote: | Great!!!
Happy to know.... Enjoy
| amitagg wrote: | i have exited at 300 Rs profit (silver) entry was posted in your thread. (my trde was purely intra day as often based on supply demand)....39800 & 40000 are 2 resistances based on such pattern.....the resistance area started around yesterdays closing price which i used to exit. (i dont calculated profits or % profit, just trade basis intra levels)
thanks for instilling a trade initiation thought.
| mikky wrote: | Thanks Amit!!!
| amitagg wrote: | | mikky wrote: | Amit, do you track Silver as well... Can you please tell me outlook on Silver... Planning to go long on it @current levels.
Waiting for reply. |
Tracking is something else... Do but not wholesome for trading purposes
Trading only crude ( since get drilling down to specific levels)
Silver was wanting to but on Friday fall after it touched 39600 and rose to 40000. Saved
Since weekly or monthly don't recall 39300-39900 was demand levels
It is already broken today..... Never so sure.... Since people expected 15-16 usd also... Bad charts...... Money is made in bad times..... But for me trading is different if we have to eliminate discretion and focus only on technicals
Don't thing technicals wod suggest buying it unless of course have fallen a lot etc
Your trendline areas to support buying also not triggered as of now I guess
I can be definitively and mostly wrong since I can think of being right only on daily traded commodity like crude |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #995 Posted: Wed Sep 24, 2014 2:18 pm Post subject: |
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as per Neo Wave, we may be seeing a faster retrace of a rising leg and hence possible start of correction.......
bulls will defend 7915 stubbornly  ....but would have to gave way sooner or later [ by not by much] ........
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #996 Posted: Thu Sep 25, 2014 2:29 pm Post subject: |
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| amitagg wrote: | as per Neo Wave, we may be seeing a faster retrace of a rising leg and hence possible start of correction.......
bulls will defend 7915 stubbornly ....but would have to gave way sooner or later [ by not by much] ........ |
7670 coming (saying in abstract terms) ...!!!!!......shall miss target this time also ....
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #997 Posted: Fri Sep 26, 2014 8:07 am Post subject: |
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Spot on
| amitagg wrote: | as per Neo Wave, we may be seeing a faster retrace of a rising leg and hence possible start of correction.......
bulls will defend 7915 stubbornly ....but would have to gave way sooner or later [ by not by much] ........ |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #998 Posted: Fri Sep 26, 2014 9:48 am Post subject: |
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NF EOD chart EW count from swing trading perceptive.
Regds,
S
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #999 Posted: Fri Sep 26, 2014 3:16 pm Post subject: |
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| Thanks Sherbaaz....
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1000 Posted: Mon Sep 29, 2014 11:14 pm Post subject: |
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CMP 5847
- wave from 5510 in ABC ? [ A starting 5510 and C starting 5555] over at 5910 (1.618 of A)
- but is it ABC or fresh 5 wave impulse from 5510 since 4th wave top at 5815-5835 taken out
- bullish in monthly weekly and daily timeframes
- tomorrow if likely hit 5880-5992-5907 and completion of 5th wave minor of C OR 3 from 5510 (hence a reaction from this zone SL 5930)
- inabibility to break and hourly sustain above HIGHER of todays HIGH or tomorrows opening candle 1 hr would mean sideways reaction on downside , however
- posting since interesting times for EW wave count in respect of crude
- Q : is is impulse from 5510 or ABC or WXY correction in 4th wave from 6500?????
- see also that AB are in 3-3 formation and ongoing C is 5 wave.....???//
- have broken above diamond/ triangles etc.
- 5920-5940- 5975 would be likely topping for the month in case of bull surge
- SL for longs is 5770 for short term
- possible to sell gap up tomorrow or buy gap down to 5790-5810 region.......if gap happens
- inclined to sell only around 5890 and not 5810 or 5840
| amitagg wrote: | | amitagg wrote: | Crude resistance 5654-5680
Crude support 5555-5565-5577
Trend trade:( skipping intra day long side trade for posting purposes to avoid clutter)
Sell crude below 5597 target 5578(min)
Sell crude if hits 5642-5655 and falls back below 5630
(5618 and 5635 other minor resistances)
Stops for positional shorts if any 5815
Stops for intra day shorts 5668 ( if above 5609)- aggressive shorts to keep 5685 only as stop
Likely move to hit 5550-5570 areas ( high likelihood)
Then pullback to 5654 ( possible) or 5723 ( less likely but possible)
Breakdown below 5525 target 5490/5400/5300 ( final target)
Patterns currently diamond , symmetrical triangle
Bearish Wave v of 1 of (5) from 6500 in progress ( count to change only above 5815 sustaining) |
5578 hit low 5569
2-3 more opportunities to come later today . I would recommend booking profits unless one hr remaining below 5560. To resell at 5619-5635 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1001 Posted: Tue Sep 30, 2014 9:59 pm Post subject: |
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see the massive 200+ point down move......CMP 5670.... break above 5815 thus turned to be false breakout........ it was always expected this upwave to be 4th wave .....ABC formed with near 1.618 for C leg till 5885 today......
expect gap up open tomorrow - very short term 'risky' long trade after 200 point fall.........target 5710/5717
break below 5620 would be a trigger for fresh shorts agressively.....
(5655-5665 shall offer good support)....sideways move between 5650-5720 followed by testing 5620......
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1002 Posted: Wed Oct 01, 2014 7:35 pm Post subject: |
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| amitagg wrote: | see the massive 200+ point down move......CMP 5670.... break above 5815 thus turned to be false breakout........ it was always expected this upwave to be 4th wave .....ABC formed with near 1.618 for C leg till 5885 today......
expect gap up open tomorrow - very short term 'risky' long trade after 200 point fall.........target 5710/5717
break below 5620 would be a trigger for fresh shorts agressively.....
(5655-5665 shall offer good support)....sideways move between 5650-5720 followed by testing 5620...... |
can book profits at 5700 before data in half hr...... since holidays, it can fall to 5640 or rise to 5735 today......better to exit positions
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1003 Posted: Thu Oct 02, 2014 3:31 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | see the massive 200+ point down move......CMP 5670.... break above 5815 thus turned to be false breakout........ it was always expected this upwave to be 4th wave .....ABC formed with near 1.618 for C leg till 5885 today......
expect gap up open tomorrow - very short term 'risky' long trade after 200 point fall.........target 5710/5717
break below 5620 would be a trigger for fresh shorts agressively.....
(5655-5665 shall offer good support)....sideways move between 5650-5720 followed by testing 5620...... |
can book profits at 5700 before data in half hr...... since holidays, it can fall to 5640 or rise to 5735 today......better to exit positions |
So it fall to 5680 "immediately" after this post from 5700..... Rose to 5755 ( mentioned 5735 above) after inventory data and closed 5677
Gap down opening tomorrow evening at 5550-5580-5600 levels
Nymex 88-6 .....in early analysis 87 levels were expected
Inr cushioning fall
Could not actually trade ( different from trade than preach) the 5th wave down from 5885 since as been posting of late.....expected 4 th to end below 5816 and it " whipsawed" to 5885
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1004 Posted: Fri Oct 03, 2014 10:24 pm Post subject: |
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Min target for this wave from 5775 is 5522... Hence shorted at 5583 now...... Could not short the breakdown from low of today few hrs back due to dussehra celeb.
Will short another at 5630-5640 levels if rises there......
Target 5460/5390
Going by the view posted few days back that below 5620 another shorting opportunities shall arise
Also broken diamond formation and retrace in faster time suggesting bear leg in progress .... Final 5 th from 5885
Only in case of c wave failure would it stall above 5525 otherwise has has to go down..... As per ew
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #1005 Posted: Fri Oct 03, 2014 11:07 pm Post subject: |
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| Book profit at 5560 sold at 5583 hr or so back....
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