Tuesday, February 23, 2016

Short Break



Will be back on 29th Feb.

23 - 02 - 2016 (Nifty)



  1. Opened just above PDL, sliding down
  2. Not a clear BPB short, but will attempt short below BRN as price strongly rejected from PDL
  3. Trade 1: BPB short of BRN at 7193 with initial SL 7205
  4. Moved SL to 7190
  5. Expecting nice free fall below RN, as LHS of chart shows J
  6. Moved SL to 7157
  7. Moved SL to 7134
  8. Exited with gain of 57 points



Net: +57

Monday, February 22, 2016

22 - 02 - 2016 (Nifty)




  1. IR formed just below PDH
  2. BPB long of PDH, but SL 15 points. Avoiding it. Will see if BOF PDH comes
  3. Trade 1: BPB short of PDH at 7222 with initial SL 7232; FTA DL just 7 point away. Ready to scratch
  4. Moved SL to 7225; above PB high after nice pin bar at LOD
  5. Exited with loss of 5 points
  6. Looks like BW formation around PDH now; will avoid fiddling with middle, watch out DH/DL as range now
  7. 7207-15 is earlier resistance zone, acted as support today. Let’s see how it unfolds if another attempt to break LOD happen
  8. Whoever entered BPB of DH longs, must have their SL below PB low after BO candle; will attempt short there
  9. Trade 2: BOF of DH short at 7242 with initial SL 7252
  10. Moved SL to 7240
  11. Exited at cost



Net: -5

Friday, February 19, 2016

19 - 02 - 2016 (Crude)



  1. Range 2100 (also PDL) -2084
  2. 70 point free fall zone below RL; will wait for short opportunity
  3. BOF of RH short at 2096 with initial SL 2104; FTA just 13 points away; ready to scratch
  4. Moved SL to 2094 as RL touched
  5. Moved SL to 2089
  6. Moved SL to 2080
  7. Moved SL to 2052
  8. Moved SL to 2012 after BRN broken
  9. Exited with gain of 82 points

Net: +82

19 - 02 - 2016 (Nifty)




  1. Opened with in PDH and PDL; expecting range trades
  2. IR formed; BRN just above RH... will wait for PA at BRN or PDH
  3. Seeing overlapping candles ignoring BOF short of BRN, not worth of 14 points SL
  4. Missed BOF of DL long as well, as no TST (or) swing point happen; didn’t expect such a sharp fall
  5. Will wait for PA at PDH now
  6. Will see if sell happens at fag end
  7. Trade 1: BOF of PDH short at 7210 with initial SL 7221
  8. Exited with loss of 13 points



Net: -13

Thursday, February 18, 2016

18 - 02 - 2016 (Crude)




  1. Open above PDH and trading in range of 2150-2130 from morning
  2. Free fall zone below PDH; will wait for BOF of DH short (Or) PA at PDH
  3. No swing high formed after BOF of RH; avoiding for now
  4. Re aligned range to 2155 – 2126
  5. Trade 1: BPB long at 2161 with initial SL 2151
  6. Exited with loss of 12 points
Net: -12


18 - 02 -2016 (Nifty)




  1. Open above PDH; IR 7213 – 7175
  2. Left chart saying 7210-15 are recent swing highs
  3. Will attempt if BOF OF RH happens
  4. Missed short as range broken downside, with no BOF signal at RH
  5. Lower range formed now 7175-7138
  6. Looking for BOF of RH (lower range) Or PA at PDH
  7. Missed BOF of PDH long as no swing point formed



Net: 0

Wednesday, February 17, 2016

17 - 02 - 2016 (Crude)




  1. Opened with in yesterday’s impulse closing range
  2. IR broken downside;
  3. Trade 1: BOF of BRN short at 1994 with initial SL 2002; FTA PDL 30 points away
  4. Moved SL to 1992 as price seems stalled at PDL
  5. Exited at cost
  6. Drawn range formed below IR
  7. Trade 2: BPB long at RH of lower range; missed as hesitated and FTA is just 5 points away
  8. BOF of BRN long at 2003 with initial SL 1996
  9. Moved SL to 2005 as DH crossed
  10. Moved SL to 2028
  11. Exited with gain of 23 points

Net: +23

17 - 02 -2016 (Nifty)



  1. Trade 1: BPB of PDL short at 7038 with initial SL 7048; FTA BRN
  2. Moved SL to 7008
  3. Exited with gain of 28 points
  4. Hovering around BRN now... BW or channel in formation?
  5. Will wait for PA at PDL or DH now
  6. Not a convincing BOF at DH; stepping aside for now
  7. BRN acting as support; will see BOF long emerges here
  8. Transitioning from sell to neutral zone; long can be attempted above PDL
  9. Trade 2: BPB of PDL long at 7050 with initial SL 7041
  10. Moved SL to 7052 once DH crossed
  11. Moved SL to 7095
  12. Exited at 7120 with gain of 68 points



Net: +96

Tuesday, February 16, 2016

16 - 02 - 2016 (Nifty)





  1. BOF of BRN and PDH short at 7184 with initial SL 7195; FTA 7150
  2. Moved SL to 7168
  3. Exited with gain of 14 points
  4. Below RN 70 points free fall zone
  5. Nice BOF at LOD; but avoid long trade here
  6. 7150 offering good resistance 2 attempts failed so far
  7. Missed fall as looking for BOF signal at RN
  8. Gap filled
  9. Done for today; don’t expect short covering from PDL now



Net: +14

Monday, February 15, 2016

15 - 02 - 2016 (Crude)




  1. Opened with in yesterday closing range
  2. Will wait for PA at PDH
  3. Trade 1: Took BOF of PDH short at 2005 with initial SL 2014
  4. Stalled at BRN, no selling pressure found
  5. Moved SL to 2008
  6. Exited with loss of 5 points
  7. 2 attempts to sustain above PDH failed
  8. Looks like BW formation around BRN; will wait for reliable signal
  9. BPB short of BRN signal, but SL 14 points... also no good momentum seen so far... will avoid
  10. Drawn range 2014-1983
  11. Missed BPB long at PDH, as I was biased towards short opportunity here
  12. TST of day high and continuing higher lows
  13. Drawn channeled move


  

Net: - 5

15 - 02 - 2016 (Nifty)




  1. Full Gap up, let’s see if sustains
  2. Scaled high with no PB at BRN
  3. Will see if TRAP long emerges
  4. Missed long at RN
  5. Done for today



Net: 0

Friday, February 12, 2016

12 - 02 - 2016 (Nifty)



  1. IR 7040-6989
  2. BPB short signal came at PDL, but SL is 15 points; Avoiding
  3. Back into IR; will wait for range formation and prefer buy signal at PDL. Let’s see
  4. BOF of BRN long signal, but no swing point formation.
  5. Sudden short covering it seems, missed long here. Let’s see PA at PDL now
  6. Broke PDL and did complex PB till RN... not convinced enough to go long
  7. PDL as it acting as mid-point now; 7000 on watch list now
  8. Trade 1: BOF of BRN short at 6989 with initial SL 7002
  9. Reversed from FTA (PDL), but will take risk
  10. Exited with loss of 15 points
  11. Monday china market Open... Flood gates open till 6300??
  12. Lets see, Done for the day;



Net: -15 

Thursday, February 11, 2016

11 - 02 - 2016 (Crude)




  1. Open below PDL
  2. Range 1863-40
  3. BPB short of RL signal came, but SL is 12 points. Ignore this case as not comfortable
  4. Will wait for PA at RH or PDL; which may offer good BOF with trapped traders
  5. Will attempt BOF of RL as risk is only 6 points
  6. Trade 1: Shorted at 1837 wbrokeith initial SL 1844
  7. Moved SL to 1833 as LOD broke
  8. Moved SL to 1827, above PB high after LOD 
  9. Exited with gain of 8 points
  10. BOF of PDL; but no swing point to initiate trade
  11. Missed sharp fall
  12. BOF of LOD signal, but sharp fall expecting range formation
  13. Oops.. retracing swift fall
  14. Done for the day 


11 - 02 - 2016 (Nifty)




  1. BPB short at 7190 with initial SL 7202
  2. Moved SL to 7190; PB high
  3. Moved SL to 7177
  4. Moved SL to 7164
  5. Moved SL to 7109
  6. Moved SL to 7052; just for sake of it :)
  7. Moved SL to 7002
  8. Exited with gain of 186 points

Net: +186

Wednesday, February 10, 2016

10 - 02 - 2016 (Crude)




<< 1st time trying my hand in crude, aim is to observe how crude respond to our method>>

  1. Plotted PDH, PDL, BRN and Earlier low in Day time frame in crude feb chart
  2. Range 1958-37; let’s see PA at extremes
  3. Reversed after TST to RL/LOD
  4. Swiftly reversed from PDL, couldn’t plan entry for BOF long


10 - 02 - 2016 (Nifty)



  1. Full gap down of 60 points
  2. IR 7293-65
  3. 7250 is earlier low, let’s see if it offer some support
  4. Two ranges formed so far; IR 7293-65 & 7265-31
  5. Will look to sell RH as NF in sell zone; No longs unless sharp BOF at LOD happen
  6. PP long above RN seems good trade
  7. Trade 1: Long at 7255 with initial SL 7248
  8. TST to RH and reversing; will take risk of holding this trade as risk is in my acceptable limit
  9. Moved SL to 7255
  10. Exited with loss of 2 points
  11. 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
  12. Avoiding BOF of RH short, as FTA is just 7 points away and SL 8 points away
  13. Not comfortable trading this small range; break till PDL/LOD comes into picture
  14. 7250 acting as flip so far the day
  15. Trade 2: BOF of LOD long at 7239 (above high of BO candle) with initial SL 7227;
  16. FTA 7250 away 11 points, would scratch is failed to stay above RN
  17. Moved SL to 7248
  18. Moved SL to 7258; below low made before broking range
  19. Exited with gain of 17 points
  20. Done for the day, no more trades after 3:00



Net Gain: +15

Tuesday, February 9, 2016

09 - 02 - 2016






  1. Gap down of 70 points, in line with trend
  2. Trading in IR 7341-7305
  3. Look to sell RH as nifty trading in sell zone
  4. Not taking any short as of now, as nifty fell 200 points with no meaningful PB
  5. Realigned range as 7341-7300
  6. Will attempt long only after good BOF at BRN (generates good order flow as critical mass is down)
  7. Trade 1: BOF of PDH short at 7334 with initial SL 7344
  8. Exited with loss of 12 points
  9. TST to DH & fall into range
  10. Done for today



Net: -12

Monday, February 8, 2016

08 - 02 - 2016




  1. NF opened with in yesterday closing range
  2. IR formed (7510 – 7488) with in PDH and PDL; expects a range move
  3. Also IR coincide with yesterday range play
  4. Removed BRN as DP as it loose relevance now (seems BW formation)
  5. Potential trade; BOF of IRH... Or let’s see how price reacts at PDH
  6. Settled into new range above IRH, will see if BOF of Higher RL gives a long opportunity
  7. BOF happens, now I will wait for PB to give a TST
  8. TRAP short may come
  9. Trade 1: BPB short at 7504 with initial SL 7514
  10. Exited trade with loss of 12 points; couldn’t spot channel move beforehand
  11. BOF short at PDH signal; but won’t take now as just had a losing trade. Also sudden volatility scaring me
  12. BPB short at LOD signal; below 7470, 40 points free fall may come
  13. Trade 2: BPB short at LOD at 7478 with initial SL 7488
  14. Moved SL to cost price 7481
  15. Moved SL to 7466
  16. Moved SL to 7453 as PDL touched
  17. Moved SL to 7438; PB high after PDL broke
  18. Moved SL to 7430; as BRN touched
  19. Moved SL to 7415; low made before BRN broke
  20. Moved SL to 7402;
  21. Exited at 7382 with gain of 94 points



Net Gain: +82

Friday, February 5, 2016

05 - 02 - 2016



  1. NF opened near PDC
  2. In middle of PDH and PDL; Will wait for range formation
  3. Not sustaining into yesterday range is sign of bullish strength
  4. Long can be attempted with SL below PDC, after a TST
  5. Zoomed above PDH, no chance to buy
  6. Attempts to concur BRN failed, it is just touch n go
  7. Will wait for clear BOF signal, as I am trading short in buy zone
  8. Looks like price transitioning from Buy to neutral zone
  9. Let’s see if BPB short of PDH signal comes
  10. No follow-up selling as of now; 2 pin bars; will wait for clear signal now
  11. Accepting above PDH now
  12. Will wait for a swing high, followed by TST to PDH to attempt safe long (only if SL won’t go beyond 10 points)
  13. No TST to PDH, but order executed in PB
  14. Trade 1 : Long at 7483 with initial SL below PDH 7471
  15. Moved SL to 7483 cost price; struggling to cross BRN
  16. Exited at Cost
  17. Break; Wait for price action at PDH again
  18. Not a convincing BOF signal; Choose not to jump in
  19. BOF of HOD signal
  20. Chopping in and out of small range
  21. Done for today



Net Gain: 0 points

PS: Started 2nd Innings with 2 lots J