Break Time

13 - 08 - 2014

Market Commentary:

1. DO below PDC & with in closing range
2. IRH -- 7745 & IRL -- 7730
3. Waited for price action around PDH, but NF zoomed above this level.. missed upmove.
4. Did Not attempt BPB of PDH  as i was away
5. Took BOF of PDH/PDC at 7648 with initial SL 7656.. .LOL  protection
6. Trail SL hit at 7752
7. Two ranges in Play so far.. IRL -- PDH & PDH-- HOD
8. Waiting for price action above PDH or LOD now
9. Entered BOF of PDH short again
10. Exited short above IRL
11. Done for today

Trade1: (11:05 candle)

Short at 7748, as BOF of PDH/PDC/RN.. with initial SL 7756

Moved SL to 7752.. when NF back into IR

Trail SL hit; exited trade with loss of 6 points

Trade2: (12:44 candle)

Shorted at 7748, as BOF of PDH again.. with initial SL 7756

Moved SL to 7732, above IRL

Trail SL hit; exited trade with gain of 14 points


Points earned :  +8

12 - 08 - 2014

Market Commentary:

1. Gap up of 40 points.. IR 7690 - 7671
2. Waiting for price action around IRH.. BPB/BOF
3. BOF happened at IRL.. missed to buy here as i was away
4. Looking to Attempt direct BO below LOD .. Those who bought BOF of IRL may have Stops below s LOD.. also fresh short order may get placed.. FTA is 7650
5. BO of LOD trade didn't move as expected, exited .
6. Will wait for price action at PDH or HOD now
7. Attempted BOF of IRL long.. momentum above day high only
8. Another BOF .. i wait for  swing low to be formed.. will short  below swing low, if failed to stay above IRH again
9. Swing low is at 7684.. SL 8 points,, avoiding short, if swing low  broke now
10. Will see how price react at 7700
11. NF zoomed above 7700.. stalled near 7720.. NS 7700
12. Price settling in zone of  7700-7720.
13. Done for today

Trade1: (12:08 candle)

Short at 7666, as BO of LOD.. with initial SL 7674

Exited trade at 7672, as BO didn't move as expected

Trade2: (13:02 candle)

Long at 7674, as BOF of IRL.. with initial SL 7669

Moved SL to 7674, below pull back low

Moved SL to 7680, below  low of IRH BO candle

Trail SL hit; exited trade with gain of 4 points


Points earned :  -4

11 - 08 - 2014

Market Commentary:

1. 45 points CT gapup; IR 7641 - 7630
2. Broke down below IRL
3. Lower range formed 7630 - 7616
4. BOF of IRL long can be attempted as PP into higher range (IR) with small SL.. if not comfortable with BO, BPB can be looked for.
5. Entered BOF short.. FTA LOD..
6. Will scratch if not sustain below 7622
7. Back into IR.. will look for PP long or BPB long above IRH.. CM is short, good short cover may come above HOD. FTA is 7650 which is low made on last thursday.
8. Will trade next signal at IRH or PDH..  no trade in b/w
9. Finally NF broke LOD.. back into range immediately.
10. Attempted BOF long

Trade1: (11:17 candle)

Short at 7626 as BOF of IRL, with initial SL 7632

Moved SL to cost, as no momentum

Trail SL hit; exited trade with loss of 2 points

Trade2: (15:02 candle)

Long at 7622 as BOF of LOD, with initial SL 7614

Moved SL to 7624, break even.. after green candle into IR

Moved SL to 7638, below IRH

Exited trade at 7645, with gain of 21 points

Points earned :  +19

08 - 08 - 2014

Market Commentary:

1. Gap down of 50 points.. IR 7602-7582
2. Shorted BOF of IRH/BRN.. exited at cost later
3. Another BOF or IRH/BRN short.. momentum below LOD
4. Exited when back into IRL.. no much momentum on down side
5. Will look for long above BRN if PP kind of develops
6. Did Not attempt any other trades, as i was away.

Trade1: (9:53 candle)

Short at 7597, as BOF of IRH/BRN.. with initial SL 7602

Moved SL to 7585, as no momentum to break IRL

Trail SL hit; exited trade at cost

Trade2: (11:17 candle)

Short at 7598, as BOF of IRH/BRN.. with initial SL 7602

Moved SL to 7596, break even.. as LOD supporting again

Moved SL to 7591, above high made before breaking IRL

Moved SL to 7583, above IRL

Trail SL hit; exited trade with gain of 13 points

Points earned : +13

07 - 08 - 2014

Market Commentary:

1. DO below PDC and closing range.
2. IR : 7687 - 7670
3. Initial bias looks down.. will wait for range to form.. look for selling range high
4. Will wait for price to reach PDC/BRN.. yesterday closing range high is 7710
5. NF hovering around PDC/BRN now.. pivot low made at 7695.. BPB short can be attempted below this level.. if price did not sustain above 7710.
6. Recent day low’s are in zone of 7645-55.. possibility of  bounce there.
7. Exited short on trail SL
8. There is BOF of LOD buy opportunity, avoided it. will see if BPB long comes above PDL/PDC.
9. After 2 hours of narrow range.. NF broke above PDL
10. Went long above BRN as BPB
11. Strong rejection from PDH
12. Exited on trail SL.. done for today.

Trade1: (10:32 candle)

Short at 7694, as BOF of BRN.. below pivot, with initial SL 7702

Moved SL to 7688, high made before breaking PDL

Moved SL to 7681, high of LOD BO candle

Moved SL to 7675, as 2nd push below LOD failed

Trail SL hit; exited trade with gain of 17 points

Trade2: (13:56 candle)

Long at 7706, as BPB of BRN.. with initial SL 7698

Moved SL to 7708, break even

Moved SL to 7713, below complex pull back low

Trail SL hit; exited trade with gain of 5 points.

Points earned : +22

06 - 08 - 2014

Market Commentary:

DO below PDC/closing range

IR -- 7752 - 7733

2 attempts to break IRH failed.. fluid below IRL

IRL BPB short below LOD (or) BOF long if IRL supported again

BOF happened at IRH as well.. BO of HOD/LOD can be attempted i guess.. not sure about order flow, as fluid below LOD.. short can be attempted with small risk.. CM is long.. stops may be below LOD

Attempted BO of HOD with SL 7748.. BOF at 7748 with SL 7752.. both failed.

Will stay away,  unless low-risk trade emerges

Short below LOD with small SL .. BOF at IRH couple of times.. PP short below LOD.. weak positional longs may have stops below LOD.. low risk trade can be attempted

Short triggered below LOD.. no big fluid move as expected.. trailed SL to breakeven.. hit.

Couple of attempts to break lower range are failed

Hesitated to take BOF of IRL long.. NF jumped

Back into lower range.. fluid below LOD

Shorted below LOD, into fluid.. exited on complex pull back

Trade1: (11:35  candle)

Long at 7756, as BO of HOD.. with initial SL 7648

SL hit; exited trade with loss of 10 points

Trade2: (candle)

Short at 7748, as BOF of IRH.. with initial SL 7752

SL hit; exited trade with loss of 6 points

Trade3: (12:14 candle)

Short at 7730, as BO of LOD.. with initial SL 7735

Moved SL to 7728, break even

Trail SL hit; exited at cost

Trade4: (14:38 candle)

Shorted at 7714, as PP below LOD.. with initial SL 7718

Moved SL to 7702. seeing faster bounceback

Trail SL hit; exited trade with gain of 10 points

Points earned : -6

05 - 08 - 2014

DO above PDH/PDC.. initial bias down.. IR formed..waited for market to settle after RBI news.. huge moves around PDH.. did not attempt any, as i felt better to wait for BPB/BOF signals.. missed BPB long at PDH in afternoon as i couldn't place order on time. Sharp moves today!

Finally, No Trades Executed!

04 - 08 - 2014

CT gap up of 35 points.. IR formed.. waited for BPB short below IRL, but NF zoomed above IRH.. strong rejection at BRN.. avoided BPB short after seeing barbed wire formation around IRH.. planned to take BOF short at BRN, avoided later as it came near EOD.

No trades today.

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July Performance

01 - 08 - 2014

Gap down of 60 points.. IR formed (7700 - 7678).. attempted BO of IRH/BRN as PP.. NF fell sharply after TST of PDC/PDL..exited long at 7720. Took BPB short at BRN, nice fall… trailed till EOD.

Trade1: (10:44 candle)

Long at 7704, as BO of IRH/BRN.. with initial SL 7695

Moved SL to 7698, below BRN

Moved SL to 7720, low made before TST of PDL

Trail SL hit; exited trade with gain of 14 points

Trade2: (13:53 candle)

Short at 7693, as BPB of BRN.. with initial SL 7702

Moved SL to 7691, break even

Moved SL to 7686, above pull back high

Moved SL to 7778, above morning low

Moved SL to 7770, above next pull back high

Moved SL to 7760, above high if RN BO candle

Moved SL to 7752, above RN

Moved SL to 7635, when 2nd push seems failing

Exited at 7626, with gain of 65 points


Points earned : +79