02 - 09 - 2015

*** Just paper trades to test my sync with markets ***

 

Market Commentary & Trade Log:

1. Daily in decline mode and NF in big trading range
2. NF opened at RN (7850) and sold off
3. Couldn’t capture sharp fall, as I waited for IR formation (There is good BPB short at 2^nd candle, with 8 point risk)
4. BOF of BRN happened, it is long tail pin bar... not comfortable, will wait for better trade setup
5. Trade 1: BOF of DO/RN short at 7844 with initial SL 7852
6. Moved SL to 7833 (above high of small range), once swing low broken
7. Moved SL to 7807, above PB high made after BRN BD candle
8. Exited with gain of 35 points
9. Will wait for range formation above BRN for further trade clues
10. Range is forming above BRN, but in vertical fashion J … I have no clue how to trade channels... will avoid as these seems vertical BW’s to me... not my cup of tea (if at all tradable)!
11. Trade 2: BOF of BRN long at 7805 with initial SL 7796
12. Trade 3: SAR’ed seeing price not accepting into morning range with initial SL 7804
13. Not confident on Short here took chance expecting many longs will have SL at this level (7797 is low of many candles)
14. It worked; went to PDL smooth
15. Moved SL to 7783; above PB high... as NF getting rejecting below PDL
16. Broken PDL as well, fluid exists below PDL... sharp fall possible
17. Moved SL 7763; high made before PDL BD
18. Exited at 7740 with gain of 54 points
19. Done for today 

Points earned:  + 78

01 - 09 - 2015

*** Just paper trades to test my sync with markets ***

 

Market Commentary & Trade Log:

1. NF opened below PDL, TST to BRN and moving up
2. Will wait for range to form or PA at BRN
3. Rapid rejection from BRN as BOF, couldn’t find an entry as no TST/PB till BRN happened after BOFBRN broken finally;
4. will see if BOF long or BPB short
5. Didn’t get PB after BO, missed entry to short
6. Hesitated to take BPB short after TST, as risk is 14 points. Let’s if second chance provided
7. Expected some range formation here and missed BPB short entry
8. Trade 1: BPB short at 7794 with initial SL 7802 (just taking chance as risk is with in limit)
9. Sharply reversing from RN, moved SL to 7779
10. Exited with gain of 13 points
11. Done for today  

Points earned:  +13

 

PS: I guess 3M charts would have given clear signal and entry with minimal risk as I see 5M chart gave lagging signal today & trades coming with SL not in my limit.

28 - 08 - 2015

*** Just paper trades to test my sync with markets ***

 

Market Commentary & Trade Log:

1. 100 point gap up
2. NF trading way above PDH & huge gap up sustaining
3. Will wait for range formation and look to buy lows
4. Look for BOF short at BRN (8100), if 2^nd attempt fails by rapid rejection... only if SL can be below 10 points
5. PP/BPB long above BRN or BOF short below BRN... let’s see PA after breaking BRN in next attempt.
6. Red zone drawn 8110-8100
7. Trade 1: BOF of BRN/DH short at 8095 with initial SL 8103
8. Sharp fall; moved SL to 8059 (morning RL)
9. Drawn green zone; 8000-7094 (nothing but BRN-PDH)
10. Will look for SAR trade as BOF of PDH/BRN... if risk favors
11. Sharp surge from green zone; on 5M chart it was TST of BRN, missed to book profit/reversed to longs
12. Moved SL to 8037, high made before TST to BRN
13. Moved SL to 8010, once BRN and PDH broken
14. Look for SAR trade as BOF of PDH/BRN, short covering at fag end?
15. Trade 2: SAR’ed at 8007 with initial SL 7998
16. Exited with loss of 11 points
17. Done for the day 

Points earned:  +70

27 - 08 - 2015

*** Just paper trades to test my sync with markets ***

Market Commentary & Trade Log:

1. Last 3 days NF majorly in range 7930-7775 (which is PDH/PDL as well)
2. Gap up of nearly 100 points
3. Will look for short entry if entry favors risk
4. IRH 7890-7861
5. Will look for BOF short at BRN, after breaking swing low for safer bet
6. Trade 1: BOF of BRN short at 7891 with initial SL 7903
7. Generally on expiry day, weaker ones gets exploited. This time bears should feel more pan… after big gap up, attempt made to concur BRN failed... expecting range formation without breaking BRN and range broken down side to mint option premiums.
8. Was proven wrong; exited with loss of 14 points
9. NF settling above BRN; will attempt long as BPB if risk favors
10. Trade 2: BPB of BRN long at 7905 with initial SL 7898
11. Moved SL to 7923, below low of PDH BO candle
12. Moved SL to 7938. Pull back low
13. Drawn red zone 7955-7960
14. BOF of DH short trade possibility, if no sharp move happen after crossing DH on 3^rd attempt
15. 2:30 Factor; let’s see if bears come back, generally we see furious reversal on expiry day after 2:30…premium games.
16. Trade 3: SAR’ed at 7948 with initial SL 7959 (above high of BD candle, after 3^rd attempt failed)
17. Profit in 2^nd trade, allows to take this risky trade, else No-No
18. NF just touched near to SL and went back, pure luck
19. Moved SL to 7952
20. Exited with gain of 2 points
21. Done for the day 

Points earned:  +29

26 - 08 - 2015

*** Just paper trades to test my sync with markets ***

Market Commentary & Trade Log:

1. NF gapped down 60 points... below yesterday closing range
2. Looks like BOF long possibility at BRN (8800), will wait for re-test to confirm safe bet
3. No PB, and sharp rally till PDH
4. Drawn red zone (7915-7900), will see price action at this zone... which is nothing but PDH and BRN
5. Biased on down side, will look for BOF short
6. Trade 1: BOF of BRN/PDH short at 7896 with initial SL 7917
7. No good fall happening, moved SL to 7903
8. Stalling near RN (7950), moved SL to 7894; Break Even.
9. Moved SL to 7870, as NF seems taking support at earlier swing low 7835
10. Exited with gain of 24 points
11. Drawn supper zone 7805 – 7791; will look for PA here or Red zone. No fiddle in middle
12. Fluid below BRN (7800), look for BPB short; preferably below DL
13. After BO candle of BRN (7800), TST if DL as well…price quickly reversed
14. Wait for swing high to be formed and a TST to BRD... to go BOF long above swing high (Or) BPB short below DL due to fluid existence.
15. No decisive up move after BOF
16. Broke down below DL, too late to take the trade
17. Done for the day.

Points earned:  +24

25 - 08 - 2015

*** Just paper trades to test my sync with markets ***

Market Commentary & Trade Log:

1. Market in high bearish mode; Look to sell at open if any weakness persists
2. NF opened above BRN (7900); red candle
3. Pull back happen, will try for BPB short
4. Trade 1 : BPB short at 7893 with initial SL 7906 (above high of BD candle)
5. Moved SL to 7895; break even once stalled at RN
6. BOF happened at BRN/PDC
7. Moved SL to 7869 (above pull back high)
8. Sharp down through BRN and PDL
9. Moved SL to 7775 (above PDL)
10. Stalled at BRN (7700)
11. Ignoring BRN level as cross bars happening (BW happening?)
12. Will look for BOF long at DL, as critical mass is short... any surprise rally comes from DL
13. Drawn support zone 7689-7707
14. Trade 2 : SAR’ed to long at 7708 with initial SL 7688 (below earlier DL/support zone)
15. Good up move through fluid
16. Moved SL to 7761 (below PDL BO candle)
17. Moved SL to 7785 (below BRN BO candle)
18. Stalled at BRN (7900)
19. Drawn resistance zone 7900-7916
20. Good possibility of SAR trade if BOF happen at BRN/Red zone
21. Moved SL to 7860 (below pin bar low) after couple of TST’s to BRN
22. Exited with gain of 150 points
23. One last trade possibility; BOF of BRN/Red zone.. if happen before 3:15
24. Done for today

  

Points earned:  +330

PS: This is too good to be true J Happy to see DP's respected even in these volatile session!