Tuesday, February 23, 2016
23 - 02 - 2016 (Nifty)
- Opened just above PDL, sliding down
- Not a clear BPB short, but will attempt short below BRN as price strongly rejected from PDL
- Trade 1: BPB short of BRN at 7193 with initial SL 7205
- Moved SL to 7190
- Expecting nice free fall below RN, as LHS of chart shows J
- Moved SL to 7157
- Moved SL to 7134
- Exited with gain of 57 points
Net: +57
Monday, February 22, 2016
22 - 02 - 2016 (Nifty)
- IR formed just below PDH
- BPB long of PDH, but SL 15 points. Avoiding it. Will see if BOF PDH comes
- Trade 1: BPB short of PDH at 7222 with initial SL 7232; FTA DL just 7 point away. Ready to scratch
- Moved SL to 7225; above PB high after nice pin bar at LOD
- Exited with loss of 5 points
- Looks like BW formation around PDH now; will avoid fiddling with middle, watch out DH/DL as range now
- 7207-15 is earlier resistance zone, acted as support today. Let’s see how it unfolds if another attempt to break LOD happen
- Whoever entered BPB of DH longs, must have their SL below PB low after BO candle; will attempt short there
- Trade 2: BOF of DH short at 7242 with initial SL 7252
- Moved SL to 7240
- Exited at cost
Net: -5
Friday, February 19, 2016
19 - 02 - 2016 (Crude)
- Range 2100 (also PDL) -2084
- 70 point free fall zone below RL; will wait for short opportunity
- BOF of RH short at 2096 with initial SL 2104; FTA just 13 points away; ready to scratch
- Moved SL to 2094 as RL touched
- Moved SL to 2089
- Moved SL to 2080
- Moved SL to 2052
- Moved SL to 2012 after BRN broken
- Exited with gain of 82 points
Net: +82
19 - 02 - 2016 (Nifty)
- Opened with in PDH and PDL; expecting range trades
- IR formed; BRN just above RH... will wait for PA at BRN or PDH
- Seeing overlapping candles ignoring BOF short of BRN, not worth of 14 points SL
- Missed BOF of DL long as well, as no TST (or) swing point happen; didn’t expect such a sharp fall
- Will wait for PA at PDH now
- Will see if sell happens at fag end
- Trade 1: BOF of PDH short at 7210 with initial SL 7221
- Exited with loss of 13 points
Net: -13
Thursday, February 18, 2016
18 - 02 - 2016 (Crude)
- Open above PDH and trading in range of 2150-2130 from morning
- Free fall zone below PDH; will wait for BOF of DH short (Or) PA at PDH
- No swing high formed after BOF of RH; avoiding for now
- Re aligned range to 2155 – 2126
- Trade 1: BPB long at 2161 with initial SL 2151
- Exited with loss of 12 points
Net: -12
18 - 02 -2016 (Nifty)
- Open above PDH; IR 7213 – 7175
- Left chart saying 7210-15 are recent swing highs
- Will attempt if BOF OF RH happens
- Missed short as range broken downside, with no BOF signal at RH
- Lower range formed now 7175-7138
- Looking for BOF of RH (lower range) Or PA at PDH
- Missed BOF of PDH long as no swing point formed
Net: 0
Wednesday, February 17, 2016
17 - 02 - 2016 (Crude)
- Opened with in yesterday’s impulse closing range
- IR broken downside;
- Trade 1: BOF of BRN short at 1994 with initial SL 2002; FTA PDL 30 points away
- Moved SL to 1992 as price seems stalled at PDL
- Exited at cost
- Drawn range formed below IR
- Trade 2: BPB long at RH of lower range; missed as hesitated and FTA is just 5 points away
- BOF of BRN long at 2003 with initial SL 1996
- Moved SL to 2005 as DH crossed
- Moved SL to 2028
- Exited with gain of 23 points
Net: +23
17 - 02 -2016 (Nifty)
- Trade 1: BPB of PDL short at 7038 with initial SL 7048; FTA BRN
- Moved SL to 7008
- Exited with gain of 28 points
- Hovering around BRN now... BW or channel in formation?
- Will wait for PA at PDL or DH now
- Not a convincing BOF at DH; stepping aside for now
- BRN acting as support; will see BOF long emerges here
- Transitioning from sell to neutral zone; long can be attempted above PDL
- Trade 2: BPB of PDL long at 7050 with initial SL 7041
- Moved SL to 7052 once DH crossed
- Moved SL to 7095
- Exited at 7120 with gain of 68 points
Net: +96
Tuesday, February 16, 2016
16 - 02 - 2016 (Nifty)
- BOF of BRN and PDH short at 7184 with initial SL 7195; FTA 7150
- Moved SL to 7168
- Exited with gain of 14 points
- Below RN 70 points free fall zone
- Nice BOF at LOD; but avoid long trade here
- 7150 offering good resistance 2 attempts failed so far
- Missed fall as looking for BOF signal at RN
- Gap filled
- Done for today; don’t expect short covering from PDL now
Net: +14
Monday, February 15, 2016
15 - 02 - 2016 (Crude)
- Opened with in yesterday closing range
- Will wait for PA at PDH
- Trade 1: Took BOF of PDH short at 2005 with initial SL 2014
- Stalled at BRN, no selling pressure found
- Moved SL to 2008
- Exited with loss of 5 points
- 2 attempts to sustain above PDH failed
- Looks like BW formation around BRN; will wait for reliable signal
- BPB short of BRN signal, but SL 14 points... also no good momentum seen so far... will avoid
- Drawn range 2014-1983
- Missed BPB long at PDH, as I was biased towards short opportunity here
- TST of day high and continuing higher lows
- Drawn channeled move
Net: - 5
Friday, February 12, 2016
12 - 02 - 2016 (Nifty)
- IR 7040-6989
- BPB short signal came at PDL, but SL is 15 points; Avoiding
- Back into IR; will wait for range formation and prefer buy signal at PDL. Let’s see
- BOF of BRN long signal, but no swing point formation.
- Sudden short covering it seems, missed long here. Let’s see PA at PDL now
- Broke PDL and did complex PB till RN... not convinced enough to go long
- PDL as it acting as mid-point now; 7000 on watch list now
- Trade 1: BOF of BRN short at 6989 with initial SL 7002
- Reversed from FTA (PDL), but will take risk
- Exited with loss of 15 points
- Monday china market Open... Flood gates open till 6300??
- Lets see, Done for the day;
Net: -15
Thursday, February 11, 2016
11 - 02 - 2016 (Crude)
- Open below PDL
- Range 1863-40
- BPB short of RL signal came, but SL is 12 points. Ignore this case as not comfortable
- Will wait for PA at RH or PDL; which may offer good BOF with trapped traders
- Will attempt BOF of RL as risk is only 6 points
- Trade 1: Shorted at 1837 wbrokeith initial SL 1844
- Moved SL to 1833 as LOD broke
- Moved SL to 1827, above PB high after LOD
- Exited with gain of 8 points
- BOF of PDL; but no swing point to initiate trade
- Missed sharp fall
- BOF of LOD signal, but sharp fall expecting range formation
- Oops.. retracing swift fall
- Done for the day
Wednesday, February 10, 2016
10 - 02 - 2016 (Nifty)
- Full gap down of 60 points
- IR 7293-65
- 7250 is earlier low, let’s see if it offer some support
- Two ranges formed so far; IR 7293-65 & 7265-31
- Will look to sell RH as NF in sell zone; No longs unless sharp BOF at LOD happen
- PP long above RN seems good trade
- Trade 1: Long at 7255 with initial SL 7248
- TST to RH and reversing; will take risk of holding this trade as risk is in my acceptable limit
- Moved SL to 7255
- Exited with loss of 2 points
- Even if I stick to original plan of selling RH, there is no swing point formed to initiate short after BOF of RH... hence no regrets J
- Avoiding BOF of RH short, as FTA is just 7 points away and SL 8 points away
- Not comfortable trading this small range; break till PDL/LOD comes into picture
- 7250 acting as flip so far the day
- Trade 2: BOF of LOD long at 7239 (above high of BO candle) with initial SL 7227;
- FTA 7250 away 11 points, would scratch is failed to stay above RN
- Moved SL to 7248
- Moved SL to 7258; below low made before broking range
- Exited with gain of 17 points
- Done for the day, no more trades after 3:00
Net Gain: +15
Tuesday, February 9, 2016
09 - 02 - 2016
- Gap down of 70 points, in line with trend
- Trading in IR 7341-7305
- Look to sell RH as nifty trading in sell zone
- Not taking any short as of now, as nifty fell 200 points with no meaningful PB
- Realigned range as 7341-7300
- Will attempt long only after good BOF at BRN (generates good order flow as critical mass is down)
- Trade 1: BOF of PDH short at 7334 with initial SL 7344
- Exited with loss of 12 points
- TST to DH & fall into range
- Done for today
Net: -12
Monday, February 8, 2016
08 - 02 - 2016
- NF opened with in yesterday closing range
- IR formed (7510 – 7488) with in PDH and PDL; expects a range move
- Also IR coincide with yesterday range play
- Removed BRN as DP as it loose relevance now (seems BW formation)
- Potential trade; BOF of IRH... Or let’s see how price reacts at PDH
- Settled into new range above IRH, will see if BOF of Higher RL gives a long opportunity
- BOF happens, now I will wait for PB to give a TST
- TRAP short may come
- Trade 1: BPB short at 7504 with initial SL 7514
- Exited trade with loss of 12 points; couldn’t spot channel move beforehand
- BOF short at PDH signal; but won’t take now as just had a losing trade. Also sudden volatility scaring me
- BPB short at LOD signal; below 7470, 40 points free fall may come
- Trade 2: BPB short at LOD at 7478 with initial SL 7488
- Moved SL to cost price 7481
- Moved SL to 7466
- Moved SL to 7453 as PDL touched
- Moved SL to 7438; PB high after PDL broke
- Moved SL to 7430; as BRN touched
- Moved SL to 7415; low made before BRN broke
- Moved SL to 7402;
- Exited at 7382 with gain of 94 points
Net Gain: +82
Friday, February 5, 2016
05 - 02 - 2016
- NF opened near PDC
- In middle of PDH and PDL; Will wait for range formation
- Not sustaining into yesterday range is sign of bullish strength
- Long can be attempted with SL below PDC, after a TST
- Zoomed above PDH, no chance to buy
- Attempts to concur BRN failed, it is just touch n go
- Will wait for clear BOF signal, as I am trading short in buy zone
- Looks like price transitioning from Buy to neutral zone
- Let’s see if BPB short of PDH signal comes
- No follow-up selling as of now; 2 pin bars; will wait for clear signal now
- Accepting above PDH now
- Will wait for a swing high, followed by TST to PDH to attempt safe long (only if SL won’t go beyond 10 points)
- No TST to PDH, but order executed in PB
- Trade 1 : Long at 7483 with initial SL below PDH 7471
- Moved SL to 7483 cost price; struggling to cross BRN
- Exited at Cost
- Break; Wait for price action at PDH again
- Not a convincing BOF signal; Choose not to jump in
- BOF of HOD signal
- Chopping in and out of small range
- Done for today
Net Gain: 0 points
PS: Started 2nd
Innings with 2 lots J
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