Trading with PT style

[findvikas]

Ahemm...ahemmm
SPX futures trading below 1105 and most likely will close below 1105 today. Bhalu bhains kha gaya aaj... we wont be able to breach 5181 without any major positive news from outside... inside we dont have anything left and now even 5100 will fight back big time. we must touch 4750 or below once before we try 5150 again.

S&P is testing 1105 if broken you can see a spurt upward and Diwali on monday and same with DOW.

S&P futures ended at 1108.10 and thats quite bullish above 1105 we will see rally next week 110% sure now.I mean look bears have tried lot of times and the market goes towards supports and theres a lotta buying which comes in.

Case in point:

Nifty 5080 spurted upwards multiple times.
S&P 1090 again spurted back up.
Ftse,CAC show me any index which saw a break of any key support.

Nifty has closed this week 3% up now if thats a bearish indicator I`ll take that and say thank you.We were one of the few indexes which didn`t rally on Friday.Now next week will be Bear beating time.

If you have any doubts Ask Savant Garde Sir or look at the pivots which have turned extremely bullish.

We had much worse chart patterns in March09 and look what happened.

Die Hard Bhaalu:rofl::rofl::rofl:

I have put on an Iron Condor myself.But its really risky.

 

[aditya14]

Ahemm...ahemmm
SPX futures trading below 1105 and most likely will close below 1105 today. Bhalu bhains kha gaya aaj... we wont be able to breach 5181 without any major positive news from outside... inside we dont have anything left and now even 5100 will fight back big time. we must touch 4750 or below once before we try 5150 again.

Yup i agree with you.Today morning itself market gave up steam and it was inevitable what happened today.

But 5050 held and we may just see sideways market just like last year.I remember i actually bought a lotta puts last december and that too OTM puts and it was my worst month of my 13 months of trading.

On the other hand now i have studied options a lot and rarely make mistakes like the one above.

Glad i took the hit in morning and got out of BankNifty varna aaj ka din gaya tha.

How did you guys fared today, ?
i wasn`t feeling that well and down with fever still went to office

 

[aditya14]

Bhaisaab Vikas futures wo bhi before market ki baat kar rahe the aap.

Parso u were telling me before market futures are for fooling people aaj usi ki duhaii.Anyways expect a sideways market till January.Tere puts kal bumper opening nahi denge S&P has not once gone down under.

Btw aaj itna bullish tujhe dekha toh market hi gir gayi ye kaise????..... i just read thru the last 10 pages.

Kal ka bhi bata de bhai uska ulta laga dunga

 

[findvikas]

wait brother... wait.. I am trading SPX today and the day is not over yet. we will talk tomorrow

 

[findvikas]

Bhaisaab Vikas futures wo bhi before market ki baat kar rahe the aap.

Parso u were telling me before market futures are for fooling people aaj usi ki duhaii.Anyways expect a sideways market till January.Tere puts kal bumper opening nahi denge S&P has not once gone down under.

Btw aaj itna bullish tujhe dekha toh market hi gir gayi ye kaise????..... i just read thru the last 10 pages.

Kal ka bhi bata de bhai uska ulta laga dunga

BTW... I was not giving any duhaaii I was just talking your language as you were talking about Future above 1105, HDFC up 2% ICICI up 2% weekly close up 3&... so I was just telling you same way I never trust US futures.. they are just to influence UK opening and Asia closing.

 

[aditya14]

wait brother... wait.. I am trading SPX today and the day is not over yet. we will talk tomorrow

Well which broker u use for overseas trade?

I would advise you to get out of ur shorts in S&P 1110.5 ke upar kuch kuch bahut kuch hoga.

 

[findvikas]

Well which broker u use for overseas trade?

I would advise you to get out of ur shorts in S&P 1110.5 ke upar kuch kuch bahut kuch hoga.

Its not my account but one of my friend's. He has account with eTrade

 

[findvikas]

All puts in gains there as well... my AMD call & MSFT put couple trade paying welll

AMD up 8% in SPOT... wootttt...
MSFT down 0.85% in SPOT... he will be really happy even with just 1 lot of both ... I am done closing all

 

[findvikas]

ohhh man how could it do that a close below 1104

 

[aditya14]

Bernanke i just had a feeling this guy was gonna drown it. But fear not 1100 held 1090 is quite strong support below.