Friday, January 31, 2014
AAPL - AMZN - SPX - DXY Update - 31 Jan 2014
$AAPL 502 - 504 sell call hit 1st target 496 Call Active for 494.50 - 472 - 458
Firm Bearish
$AMZN low 358 vs target 348 Multibagger sell target active @ 307
Bearish
Voww Voww - Exit Limits
$ES_F $SPX added More short positions yesterday @ 1790 , Holding 14 shorts , limits 3 lots @ 1746 - 3 lots @ 1738 - 4 @ 1720
Dollar Index Firm Bullish - Target 82.65
Now @ 81.26
CNX Nifty / NSE - 31 Jan 2014
Fresh Resistance & Best Short Level @ 6089 - 6126 target 5966 - 5920
Now @ 6087.50
Stops - abv 6156
Oil - DXY - USDJPY Update - 31 Jan 2014
Thursday, January 30, 2014
Gold - Silver Target Revised - 30 Jan 2014
Gold Target Revised - 1236 - 1212 - 1204 - 1168 , Place Limits Accordingly / QTY,
Silver Target revised 19.26 - 18.20 - 17.70
Wednesday, January 29, 2014
Coffee Bullish!!
$KC_F Monthly Trend is Bullish as Indicators have cleared resis channel + Doji formation on the weekly charts will Favor Bulls. Target 1.18 - 1.27
Bullish
CMP - 1.16
GOLD 05 FEB EXP - Call Reactivated for 2nd Trade
GOLD 05 FEB EXP
29626 is the Sell - 29696 stops - Momentum target 29526 - 29458 for scalpers - Risk Appetite Traders Target 29326 - 29236 - 29166 above 29745 its 29818 but still remains a sell targeting 28865
CMP - 29635
GOLD 05 APR EXP
Remains a Sell with Resistance @ 28818 - 29303 & has potential to test 27458 before the 30++ up move
CMP @ 28945
Crude Oil Monthly Bearish Trend Still Remains Intact!!
WTIC Sell Call Active for target 94.80 - 93.60 - 93
Now @ 97.21
GOLD - SILVER Update - 29 Jan 2014
Gold / Silver Trend Revised from BEARISH to FIRM BEARISH
GLD Resistance @ 1256.85 - 1263 downside capped @ 1247 - 1242 - 1235 - 1212 - 1204
LTP - 1254.40
SLV Resistance @ 19.92 downsides capped @ 19.26 - 19.02 - 18.20 - 17.70
LTP - 19.52
Tuesday, January 28, 2014
Crude Oil - Nymex / Comex - 28 Jan 2014
MCX Crude Oil is a Strong Sell above or b/w 6078 - 6092 Average If get 6122 Stops above 6152 target below 6022 - 5896 - 5878
International Nymex Oil is a sell @ 96.60 target 94.80 -93.60 - 93
Trend - Firm Bearish
Now @ 6060 / 96.10
Monday, January 27, 2014
$CL_F $QM_F $CL Target Hit @ 95.88 days low 95.74 next watch for 95
Crude Oil Best Sell level & Actual Resistance @ 96 - 96.62 target 95.20 - 95 - 94.80
Now @ 95.88
Sunday, January 26, 2014
There is no better Indicator than price Action - Right Way to Learn Price Action - Significance of our Trading Levels
The market has a language and many fail to interpret its language. In frustration, some say the market was random, or the market was impossible to beat. Some even resort to far flung theories such as believing that a powerful group of individuals is controlling the market. When traders do not understand price, market movements appear to be random. But they are not. There is an incredible degree of order. And when traders say that the market cannot be beaten, it is typically said in response to appease their own failure. Trading is not suited for everyone, just as being a Rocket Scientist is not for everyone....
Some traders defy the typical learning curve and excel from day one. That is an excellent gift (Inborn abilities) to have.. Unfortunately, for many, a rocky road is the price for learning this profession. Experience cannot be served on a hot platter. It must be earned.
Try to feel and touch the market because there is a lot of psychology involved behind the price action. You do not need to know the exact economic data behind. That is nonsensical information overflow. The reason that many traders have a difficult time understanding markets is because they cannot understand the underlying reason why markets move. If greater attention was placed on understanding price, more traders would be having success. I’m sure you have heard that there is no better indicator than price. This is what many traders are attempting to decipher but cannot. The real pulse of the market remains elusive to them. If we don’t know why, the markets will tie us up in knots and will seem like a mystery that can never be solved
What do most amateur traders use to address this problem?
They use technical indicators. Indicators do not stimulate critical thinking skills. You rely on something to give you the answer because you don’t know the answer yourself. Imagine a familiar scenario for a moment: three indicators tell you it is now good to be long, while one indicator tells you should not. Is this really having real insight on why markets move?
A successful trader’s mindset is very hard to put into words, hence I understand if this article appears abstract to you.
What I strongly want to encourage is self-study and critical thinking with regards to what you see in your printouts & on the screen... Chances are smashingly slim that you will make it after reading this, however, do not believe those that tell you that the odds are stacked against you. This is a myth. If you develop a consistent method, the odds are not against you.
Struggling traders always find excuses for why the market is bigger or stronger than me or you. The world is filled with those that say it cannot be done. An agenda to prove something to someone is always up their sleeve, so they can finally tell you, “I told you so.” Do not waste your precious time with these individuals.
Significance of our Trading Levels
I Recommend you to take physical printouts of Initiated different time frame Levels and study them well. Studying them on screen will not replace the pen and paper. Initially I would recommend to go with (1-4) Sessions in stocks and indexes and (1-4 week/Near term) for forex - Commodity markets trading around the clock. You will easily see the trends - Levels - Gaps I will be talking about here and following will bring you great success.
Copper Risk/Range Short Term & Trading Levels & Strategy - 26 Jan 2014
Copper Risk/Range
3.198 - 3.160 <<== 3.266 ==>> 3.486 - 3.524
Best Buy & Supp b/w 3.224 - 3.202 average if get 3.160 stops below, 3.098 above 3.320 positional targets 3.362 - 3.416 - 3.486 - 3.524
LTP - 3.266
Saturday, January 25, 2014
MCX Gold Multi bagger Call/Trading Strategy for Risk Appetite Traders - 25 Jan 2014
Buy 05 APR 2014 GLD @ 28258 - 28185 Half Size, Average if or when get 27458 for
Short term Multi Bagger target 38168 - 40262, Stops Below 27210
Violation of Stops -
Reverse Your Position for target 22530 - 20436
Buy On Dips for now.
Once Target 38168 - 40262 is achieved - Sell the Damn Gold For Target 22530 -
20436
Price Action
Once
the Actual Move kicks off - Gold Prices will move sharply and achieve targets
within 1-14 sessions, However After Upside targets Meet's, Those downside
targets 22 - 20 levels will be a Lazy
Pattern - It may Take 3 months or more…
MCX GOLD - 05 April 2014 Expiry - Risk/Range
MCX GOLD
27210 - 27458 -
28258 <<==28813==>>29303 - 31396 - 32442 - 33490
29303 ACTS AS CURRENT RESISTANCE
The above Levels holds good until prices meet both the ends
Friday, January 24, 2014
$GLD $XAUUSD Tape 1172 <<===>> 1272? Now @ 1266
MCX GOLD Though Spiked sharply & Print 29675 Day High But failed to Clear Our Short Term Resistance "29707".
Gold may fall Sharply till 28518 - 28086 - 27458 ahead - Now trading @ 28534
USDJPY Multi Bagger Call
Buy USDJPY B/w 102.30 - 101.45 Multibagger Target 106 - 107 - 111.70
Stops Below 100.60 Reversal @ 98.80
Now @ 102.35
Crude Oil Bearish Trend Intact!
CrudeOil is a sell @ 97.36 below 96.65 target @ 96.15 - 95.88
Monthly Bearish Trend Intact
Reversal Above 98.56
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