Tuesday, April 30, 2013
Monday, April 29, 2013
#COPPER FUTURES - #NYMEX - #COMEX : TREND & STRATEGY FOR THE WEEK 29 APR 2013
Copper Futures - Jul 13 (HGN3) : Resistance & Break Out Pivot for the week @ 3.196 , If manages to Sustain above the Pivot - Prices Are likely to test 3.365
LTP - 3.197
Trend - 5hrs - Weekly Remains Bullish
STRATEGY
Buy between 3.196 - 3.165 for Tgt 3.365 , Stops below 3.065 , Downside Reversal Tgt is @ 2.974
Whtz up with #RCOM ? Will the previous week 9% Rally Continue ? or Is it Steamed out ? Are We Retracing the 120 Mark ?
TGT 105.7 - 109.4 - 120 , Violation of SL - Reversal TGT 78
LTP - 96
Sunday, April 28, 2013
#NIFTY FUT HEADING TOWARDS 6006 MARK ? TREND & TRADING STRATEGY FOR THE WEEK : 29 APR 2013
BEST BUY & SUPP @ 5842 ACTUAL RESIS & BEST SHORT LEVEL @ 5874 (CURRENT SUPP) A BREAK ABOVE 5906 TGT INTACT @ 5976 - 6006 HOWEVER A CRACK BELOW 5810 DOWNSIDE TGT IS @ 5740 - 5708
LTP - 5887
TREND : STRONG BULLISH
STRATEGY : BUY ON DIPS @ 5842 STOPS BELOW 5796 TGT 5975 - 6006
*IF STOPS R VIOLATED APPLY THE REVERSAL STRATEGY AS PER THE ABOVE LEVELS*
Here It Is >> The Month of May is nearing & Gradually Focus is Shifting Towards It - MultiBagger Trading Idea for the Month of May
So what is in the Month of May ? A Long pending Discussion without a logical answer has its share of Gossip doing rounds in the Past & Its Likely to survive in the future also..
Arguments : Few people think its a Myth , Few term it as Fiction , Few have the ability to distinguish & there are very few set of Traders who Makes Profits from all these Mess.
Different Opinions Makes Market - So lets not take it Hard or do a time cracking digg on the chapter rather lets focus and make some profit out of the wreck.
Trend Trader's have been Continuously identifying the May Trading Pattern Successfully from past 4 years and put forth the strategy for traders & Investors to seize the Opportunity & Make use of it.
In the previous year that is 2012 There were lot of Discussions & Arguments going on and we could hear in the Street by the Newbies , self proclaimed Guru's , contrary theorists arguing that 2 times in the past SELL IN MAY & GO AWAY strategy has been worked so this time people are aware of it & it wouldn't happen this time in 05 - 2012 ; But in vein markets did follow the go away set up - conspiracy theorists - techies - self proclaimed guru's were just Left as Mute Spectators from the Bear Party.
So what is in Store for MAY - 2013 ? Will the Sell Off Trigger or would it turn out to be a Terrible advice ?
Here Once again i would like to remind that
"The pendulum of emotion tends to
swing too far in one direction, but market mood always reverts to the
mean"
Obvious to Reality : When prices Needs to rise whatever the Fundamentals or Technicals are Markets take it as positive - Even the Negative news will be Snubbed by markets and takes it as positive & Vice Versa
The technical
condition of SP500 - the stock market does not support the excessive optimism of the bullish majority of stock investors and
traders. Fed and ECB plans to buy bonds in unlimited
quantities do not
guarantee that stock prices will continue to rise.
Typically, Each & Every Action is
followed by Equal & Opposite Reaction , and so a downside correction seems overdue In WORLD INDICES
Talking Commodities I would advice traders - Choosing
safety over risk still appears to be the most reasonable approach for
conservative traders and investors.Its better to STAY AWAY than sticking to excessive short positions as three- forth - 3/4th of the correction is already completed in commodities like gold - silver.
MultiBagger Trading Idea for month of May
Sell $SPX or S&P500 Between 1612 - 1642 for positional target 1512 - 1456 - 1392 with stops above 1677
#Sagittarius are the funniest people you'll ever meet as well as Successful traders are often the funniest and most imaginative people you will ever meet. They take joy in trading and are the first to laugh or relate a funny story. They take trading seriously, but they are always the first to laugh at themselves.Losing traders often take themselves quite seriously and seldom find humor in market analysis or the trading environment
Saturday, April 27, 2013
$AAPL Trading Outlook For the Week : 29 APR 2013 #Nasdaq #NQ100
$AAPL Technically gives Bullish Daily & Weekly Signals
– However Monthly trend still remains in Firm Bearish Trend eyeing 365 mark .
Support for the week seen @ 402 – 408.25 , Resistance
is @ 422 , A break above 423 we shall
see prices testing 429.20 – 435 levels , Violation of the Support 400 will
confirm near time bottom @ 368 - 358
LTP - 417.2
Strategy : Sell on Rises above 422 - 435 with stops above 448.6 for Tgt 400 - 365
Friday, April 26, 2013
Thursday, April 25, 2013
Follow The Tape !
SILVER likely 2 test the Resistance @ 24.45 - Now trading @ 24.02,
Profit booking will push prices towards 23 Mark from $24.45
$WTIC - INTRADAY - POSITIONAL CALL : 25 APR 2013
BUY $WTIC @ 91 ABOVE 91.65 ITS A FIRE BALL TOWARDS TGT 92.48 - 93.03
STOPS BELOW 89.80
LTP - 91.45
Wednesday, April 24, 2013
Tuesday, April 23, 2013
$AUDUSD Current Resis @ 1.0274 - a break above 1.0280 prices are Likely to test 1.0342 - 1.0362 ; a crack below 1.0242 downside tgt is @ 1.0188 - 1.0168
BUY THE #AUDUSD PAIR @ 1.0262 WITH STRICT STOPS @ 1.0232 FOR TGT 1.0342 - 1.0362 , VIOLATION OF STOPS REVERSE YOUR TRADE ACCORDINGLY FOR DOWNSIDE TGT 1.0188 - 1.0168
LTP - 1.0266
Monday, April 22, 2013
Friday, April 19, 2013
Thursday, April 18, 2013
SPDR Gold Trust (GLD) What Next ? $120.45 ?
The $51.3 billion gold fund saw record trading volume during Monday’s 9% plunge.
Investors have pulled over $10 billion from SPDR Gold Shares (NYSEArca: GLD) and more selling in bullion-backed ETFs could put additional pressure on the precious metal’s price, Wall Street analysts say.
After the dramatic sell-off in #GLD the question for both traders and investors is what to do now.
First off, SPDR Gold Shares (NYSEArca: GLD) and other bullion-backed ETFs need to find a a bottom and it appears that the low has not yet been reached
#SPDR Gold Trust (#GLD) Has printed the low 132.33 - While Resistance & Best short level for the Next wave Sell Off is capped @ 140 , however 146.50 if get would be an Ideal Sell - As the Trend is Strong Bearish - Taking sell positions 140 would not be a Risk - for downside Target 120.60 - #CallTheBottom ?
Wednesday, April 17, 2013
Tuesday, April 16, 2013
$EURUSD UPDATE : 16 APR 2013
$EURUSD MADE A LOW OF 1.3021 VS THE GIVEN TGT 1.2988 & BOUNCED SHARPLY - CLEARING THE WEEKLY RESIS 1.3118 & BREAK OUT PIVOT 1.3145
FROM HERE ON THE PAIR IS HEADING TOWARDS SHORT TERM RESIS & BEST SHORT LEVEL 1.3344 UNTIL THE SUPP HOLDS GOOD @ 1.3130
RISK APPETITE TRADERS CAN BUY THE PAIR @ OR IF GET 1.3130 KEEPING STRICT STOPS @ 1.3065 FOR TGT 1.3344 , OTHER TRADER'S CAN WAIT FOR 1.3344 & TAKE SELL POSITIONS AS OVERALL TREND IN THE SHORT TERM (1-3MONTHS) LOOKS STRONG BEARISH
LTP - 1.3190
Monday, April 15, 2013
SPX 500 Futures Jun 13 Update : 15 APR 2013
$SPX TRADING BELOW THE WEEKLY BEST BUY 1562 - TAKE LONG POSITIONS @ 1552- 1556 FOR TGT 1612 - 1642 , STOPS BELOW 1512
LTP - 1558
LTP - 1558
Gold Brief : What next ? $1000 or $2352 ?
Chinese had missed buying #GLD in the last bull run from 1175 to 1800 -
1924 as they were waiting for a technical level 1065 - Chinese have a
lesson learnt in the past so they wont be taking any chance waiting for
technicals 1180 or whatsoever as per the $1000 hype in the market doing
rounds now - Chinese will stack their gold reserve between the levels
1226 - 1300 for target 2352
What about the demand and supply factor ? Italy has dumped it's gold reserve - the impact ?
What about the demand and supply factor ? Italy has dumped it's gold reserve - the impact ?
Will be balanced by Chinese buying - simple
How confident about Chinese buying ?
Dr.Copper Smells a recession rat after the weak Chinese data - there are growing indications that china will officially come out with its recession call in the days ahead..
How confident about Chinese buying ?
Dr.Copper Smells a recession rat after the weak Chinese data - there are growing indications that china will officially come out with its recession call in the days ahead..
Sunday, April 14, 2013
#FTSE/MIB (ITALY 40) & #EURO STOXX50 (Futures 13 ) TREND - LEVELS & TRADING STRATEGY FOR THE WEEK AHEAD : 15 APR 2013
#FTSE/MIB (ITALY 40)
BEST BUY & SUPP @ 15238 ACTUAL RESIS & BEST SHORT LEVEL @ 15432 (current supp) A BREAK ABOVE 15626 UPSIDE TGT IS @ 16063 - 16256 , HOWEVER A CRACK
BELOW 15044 DOWNSIDE TGT IS @ 14608 - 14415
LTP - 15513
DAILY TREND : FIRM BEARISH
WEEKLY & MONTHLY TREND : FIRM BULLISH
STRATEGY : EARLY WEEK SELL @ 15515 - 15626 FOR TGT 15432 - 15238 ; AGAIN TAKE LONG POSITIONS @ 15238 - 15045 FOR UPSIDE TGT INTACT @ 16060 - 16256
#EURO STOXX50
BEST
BUY & SUPP @ 2558 ACTUAL RESIS & BEST SHORT LEVEL @ 2582.50 A
BREAK ABOVE 2607 UPSIDE TGT IS @ 2660 - 2684 , HOWEVER A CRACK BELOW 2532
DOWNSIDE TGT IS @ 2480 - 2456
LTP - 2592.50
DAILY TREND : BEARISH
STRATEGY : SELL FX @ 2592 - 2607 FOR TGT 2582 - 2558 , STOPS ABVE 2626
Saturday, April 13, 2013
Stunned with $S&P500 Recent Rally ? Well V had seen it all coming - #S &P 1600 mark - alert initiated in February $SPX
Friday, February 22, 2013
This weeks article - what's ahead for S&P ?
This weeks article - what's ahead for S&P ?
What signals are The inverse pattern of crude oil and copper against
gold silver indicating ? Are we still in a BULL market ? Is s&p
poised for a major breakout towards 1600 - 1800 or it's 1200 ? Is it the
bottom and then bounce ? Or is it a top first and then correct ? Read
more @ trendtradersonline.com on Saturday.
What Next for the $SPX 500 ? Rally to Continue Or is it running out of Steam ? Trading Strategy for the Week Ahead : 15 APR 2013
BEST BUY & SUPP FOR THE WEEK IS @ 1562 ACTUAL RESIS & BEST SHORT LEVEL @ 1574 (CURRENT SUPP) A BREAK ABOVE 1586 UPSIDE TGT IS @ 1612 - 1642 , HOWEVER A CRACK BELOW 1550 DOWNSIDE TGT IS @ 1524 - 1512
TREND
Daily trend looks
bearish - towards tgt 1574 - 1562
Weekly trend - firm
bullish - rally expected for tgt 1612 - 1642
Monthly trend
signals no more room left for upside time being - So lets call it sell @ 1642
for tgt 1546 - 1516 & 1488 - 1456
STRATEGY
AS DAILY TREND INDICATES BEARISH WE EXPECT PRICES TO TEST 1574 - 1562 IN THE EARLY WEEK , CONSOLIDATE , TAKE SUPP @ 1562 LEVELS & SHARP RALLY TOWARDS 1612 - 1642 LATELY AS WEEKLY TREND HAS POTENTIAL FOR UPSIDE SWING , FOLLOWED BY MONTHLY TREND - SIGNALS - MOMENTUM IS RUNNING OUT OF STEAM & TECHNICAL CORRECTION IS NECESSARY WHERE 1642 #CallTheTop - AND PRICES WILL PUSH LOWER TOWARDS 1516 - 1488 - 1456
LTP - 1582.45
Thursday, April 11, 2013
#Orange Juice Near term Trend - levels & Trading Strategy : 11 APR 2013
BEST BUY & SUPP @ 139 ACTUAL RESIS & BEST SHORT LEVEL @ 143.80 - A BREAK ABOVE 148.60 UPSIDE TGT IS @ 159 - 164 HOWEVER A CRACK BELOW 134 DOWNSIDE TGT IS @ 123.60
LTP - 146.45
5 hrs - bearish
Daily - neutral with
bearish streak
Weekly - bearish
with bullish streak
Monthly - Strong
bullish
STRATEGY : BUY @ 139 IF GET FOR TGT 159 - RISK APPETITE TRADERS CAN ADD LONG POSITIONS @ 143.8 & ADD MORE IF GET 139 STOPS @ 134 TGT 159
London Cocoa (LCCK3) - London Coffee (LRCK3) - #SHORT TERM - #MULTIBAGGER - #TRADING LEVELS
#SHORT TERM - #MULTIBAGGER - TRADING LEVELS : 1 - 3 Months Time Frame
#London Cocoa (#LCCK3)
BEST BUY & SUPP @ 1412 - ACTUAL RESIS & BEST SHORT LEVEL 1445.15 (CURRENT SUPP) - A BREAK ABOVE 1478.5 UPSIDE TGT IS @ 1552.80 - 1586.15 HOWEVER A CRACK BELOW 1376 DOWNSIDE TGT IS @ 1304.15 - 1272
LTP - 1480
TREND - DAILY - FIRM BEARISH
WEEKLY - FIRM BULLISH
STRATEGY : SELL @ 1480 FOR TGT 1446 KEEPING APPROPRIATE STOPS - LATER ADD LONG POSITIONS @ 1446 & AVERAGE IF GET 1412 FOR TGT 1552 - 1586
#London #Coffee (#LRCK3)
BEST BUY & SUPP @ 2025 - ACTUAL RESIS & BEST SHORT LEVEL 2098 - A BREAK ABOVE 2172 UPSIDE TGT IS @ 2334 - 2406 HOWEVER A CRACK BELOW 1952 - DOWNSIDE TGT IS @ 1878 - 1788 - 1716
LTP -1986
TREND & STRATEGY : DAILY LOOKS A MILD BULLISH STREAK -CAN BE ON BUY SIDE FOR TGT 2026 - 2098 - WEEKLY REMAINING BEARISH - THE EARLY GAINS WILL NOT BE LIKELY TO HOLD SETTING A PACE FOR 1952 - A CRACK >> 1878
Wednesday, April 10, 2013
Tuesday, April 9, 2013
SELL $WTIC @ 94.35 & AVERAGE IF GET 95.35 FOR TGT 91.02 STOPS @ 96 , VIOLATION OF STOPS UPSIDE REVERSAL TGT IS @ 99.52 - 100.82 , LTP - 94.28
DAILY TREND : BULLISH
WEEKLY TREND REMAINS FIRM BEARISH
$NYMEX - $COMEX $GOLD Prints 1590
LTP - 1587
Monday, April 8, 2013
$AUDUSD UPDATE : 08 APR 2013
The Oz Pair has potential to test 1.0440 - which acts as a strong resistance & weekly best short level for positional target 1.0292 - 1.0258 ; however if the pair manages to clear 1.0488 then we may witness Sharp rally till 1.0554 - 1.0588
LTP - 1.0418
5hrs trend remains :FIRM BULLISH
Trade : Buy the pair if get 1.0395 tgt 1.0440 , stops below - 1.0346
Saturday, April 6, 2013
ART OF TAPE READING : What is Tape Reading?
What is Tape Reading?
This question may be best answered by first deciding what it is not.
This question may be best answered by first deciding what it is not.
- Tape Reading is not merely looking at the tape to determine how prices are running.
- It is not reading the news and then buying or selling "if the stock acts right."
- It is not trading on tips, opinions, or information.
- It is not buying "because they look strong," or selling "because they look weak."
- It is not trading on chart indications or by other mechanical methods.
- It is not "buying on dips and selling on peaks."
- Nor is it any of the hundred other foolish things practiced by the millions of people without method, planning or strategy.
This
just one of them ; there are plenty of other stuffs out there on the
Street....This is why they call it , Analyzing &Trading is
''Journey of a Life time."
**One can Master the Art &Skill Of Tape Reading Only if u have a Passion For it ! Questioning & Reasoning Every thing that comes across the way in your Journey ...**
**One can Master the Art &Skill Of Tape Reading Only if u have a Passion For it ! Questioning & Reasoning Every thing that comes across the way in your Journey ...**
Friday, April 5, 2013
$WTIC UPDATE - 05 APR 2013
AS PER NEAR TERM TREND & LEVELS INITIATED ON 25 MAR 2013 - BEST BUY & SUPP IS @ 91 - HOWEVER INTRA DAY RESIS IS @ 92.54 - 93 , TRADERS CAN SELL OIL @ 92.54 & ON RISES TILL 93 FOR TGT "91"
LTP - 92.32
**TRADER'S ARE ADVISED TO CLOSE ALL SHORT POSITIONS @ 91 - 91.20**
Thursday, April 4, 2013
US Dollar Hong Kong Dollar Update : 4 APR 2013
Buy the $USDHKD pair @ 7.7595 for Positional Target of 7.7708 - 7.7744 , stops below - 7.7545 , violation of Stops Reversal downside TGT is @ 7.7446 - 7.7410
LTP - 7.7629
Wednesday, April 3, 2013
NYMEX - COMEX - SILVER - XAG USD - UPDATE : 03 APRIL 2013
ACTUAL RESIS & BEST SELL LEVEL @ 27.45 - 28 TGT 26.20 - 25.15 , STOPS ABVE - 28.80
LTP - 26.97
TREND - FIRM BEARISH
#NYMEX - #COMEX - GOLD - XAU USD - UPDATE : 03 APRIL 2013
BEST SELL LEVEL & ACTUAL RESIS @ 1572 - 1582 , DOWNSIDE TGT IS @ 1555 - 1540 - 1526.50 , STOPS ABVE 1596
TREND - FIRM BEARISH
LTP - 1565.8
Tuesday, April 2, 2013
#Trading Thoughts For the Day
Your
own life experiences shape how you think about trading.
If your first
experience with trading was a negative one, the odds are high that you
will not trade in that particular market again for a long time--and
maybe never. The psychological impact of loss and defeat can be much
greater and last much longer than the effects of physical pain. If you
were not defeated psychologically by a negative trading experience, then
the loss does not have such a negative and lasting impact.
$EURJPY UPDATE : 02 APRIL 2013
AS 5 HRS & DAILY TECHS ARE INDICATING A MOMENTUM UPWARD BIAS - ABOVE 120.18 THE PAIR HAS GOT POTENTIAL TO TEST 121.0 - 122.28 ; HOWEVER - WEEKLY REMAINS A FIRM BEARISH TREND - ALONG WITH MONTHLY TREND SUPPORTING THE DOWNSIDE - THE PAIR WILL BE TESTING 118.18 - 117.22 IN THE DAYS AHEAD - IF 119.28 IS VIOLATED THEN WE SHALL SEE PRICES TESTING 118 & 117.60 MARK SOONER THAN LATTER
LTP - 119.95
$EURUSD UPDATE : 02 APRIL 2013
$EURUSD - 5 HOURS TREND IS LOOKING FIRM BEARISH HOWEVER THE DAILY TREND SUGGESTS WE HAVE A STRONG BIAS UPWARD FOR TGT 1.2934 & AGAIN THE WEEKLY TREND INDICATES STRONG BEARISH
WE REMAIN FIRM WITH OUR BEARISH TREND IN NEAR TERM FOR TGT 1.2700 LEVELS & LOWER PRINT EXPECTED @ 1.2625 - HOWEVER AGRESSIVE SELL POSITIONS SHOULD BE BUILT @ 1.2934 & IF GET RISES - INTRA DAY SUPP WILL MAINTAIN @ 1.2805 - 1.2792 - 1.2934 IS VERY MUCH LIKELY -
LTP - 1.2838
WE REMAIN FIRM WITH OUR BEARISH TREND IN NEAR TERM FOR TGT 1.2700 LEVELS & LOWER PRINT EXPECTED @ 1.2625 - HOWEVER AGRESSIVE SELL POSITIONS SHOULD BE BUILT @ 1.2934 & IF GET RISES - INTRA DAY SUPP WILL MAINTAIN @ 1.2805 - 1.2792 - 1.2934 IS VERY MUCH LIKELY -
LTP - 1.2838
Monday, April 1, 2013
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