Manish Damani

[MANISH_DAMANI]

I know crude has bounced but I have my own reasons to post sell. But when I am, going to post it already gone to 5140. But I have watch some studies based on which I have seen bear pressure in 4 hrs charts for 20 hours. Ya I agree my stoploss is very small because those who followed each and every trade there is 200 points + gain even my stoploss hits then also our net loss at trader is for yesterday is 11 points. And already we gained 200+points. IF 1-2 days stoploss hits I cant help it as I am not god. Those who are in buy front they are also correct for that time. But when I am giving positional then I use to see things like what is possibilty after the bounce. I told 5100 in 2 days. Means you have guds to hold for 2 days. Stoplos if I will not give then you tell me unprofessional.We are trading for profit and not for hitting stoplosses, though I am not denying their importance. But we also have to use some common sense. If it come 5100 or near to it then you guys understood. It is already 5127.

 

[MANISH_DAMANI]

DEAR MANIISH,

going through you thread,nice work,good analysis,keep it up

one thing about your last trade on crude

after your short call,when crude was trading at 5140,the avg price at that time was 5120,signals that there is more up side of crude

kindly go through following link,it makes thing clear

http://www.traderji.com/day-trading/49521-thoughts-day-swing-trading-49.html#post595540
thanks

Thanz sir for your advice and accept your views too but I have my own reason based on studies. Sir I use to trade based on nymex crude and my all decision are based on it charts. I just say buy - sell based on mcx because no choice as we are trading in mcx. But it is my strong beleif that we follow WTI crude tick by tick 90% time in day tim differnce is due to RS/$ and market timming differnce but rates comming are nymex crude rate *RS/$= MCX price. Hope you understand. If you know ichimoku kinko hyo system then you understan why I have given postional sell for 2 days. I agree stoploss I should give 5171 or above but I have seen total risk reward that how much we earned and afford. Even I am sure from my side but this is market and 100% every time being correct is not possible.I am telling sell on every rally due overbought in daily chart, bearish gartley pattern.Here we font have any trigger of extra-ordinary bounce. It is not above $ 94.70

 

[MANISH_DAMANI]

Did not get you :-(

I was wrong yesterday so I thought I should quit and nothing else.And have to learn again. Thanz :thumb:

 

[MANISH_DAMANI]

Copper 13 rs from 450. Made low of rs 437.

 

[trade1111]

Copper 13 rs from 450. Made low of rs 437.

So I noticed :clap::clap:good call :thumb::thumb::thumb:And crude is also falling .. :thumb::thumb:

Where can we short today???

 

[MANISH_DAMANI]

So I noticed :clap::clap:good call :thumb::thumb::thumb:And crude is also falling .. :thumb::thumb:

Where can we short today???

Just wait for right time wait for correct place.Use if get any bounce near $ 94.70-80 with stoploss of $95.15. In between if you sell then It might hit stoploss like yesterday. But my view is bearish for next 8-12 hrs. there could br small bounce in this 4 hrs candle of nymex after that 12 hrs is for fall again.:thumb: ANy bounce near 5150 could be used for sell $95.15 keep ur final exit.:thumb:

 

[sabhlok_r]

Just wait for right time wait for correct time.Use if get any bounce near $ 94.70-80 with stoploss of $95.15. In between if you sell then It might hit stoploss like yesterday. But my view is bearish for next 8-12 hrs. there could br small bounce in this 4 hrs candle of nymex after that 12 hrs is for fall again.:thumb: ANy bounce near 5150 could be used for sell $95.15 keep ur final exit.:thumb:

your positional view on NG....

 

[MANISH_DAMANI]

your positional view on NG....

NG-
PV-187.10
R1/2/3-189.60/192.5/195
S1/2/3-184.2/181.7/178.80.
Currently trading at 185.6.
Use support resistance keep rs 1 as SL below above them and trade accordingly. as I am not expert in even I am not tracking and trading in it. So not aware of it daily behavior. CMP 185.6. In Us market it seems weak any time good correction come but how much it impact MCX prices I dont know. Better use support resistance for buy and as given again I am not dealing in it so may be I am wrong. I know specially how to trade in crude, copper, silver specially. Other commo ok but not natural gas is in m pack.:thumb:

 

[MANISH_DAMANI]

crude near 5100 i.e. 5113 is day low.

 

[MANISH_DAMANI]

book profit id some body shorted and waited. Because this fall is due to rupee strength in nymex its near $ 94.76 but short is not recmmonded in day time if after 5 then it will be ok. $95.15 keep in mind .IF rs closes strong then more fall possible else not. So wait for right time to take appropriate decision.