31 - 03 - 2016 (Nifty)

1. Day trend is UP and Price opened near PDH (7747)
2. DO is protected, IR (7755-36) formed
3. Will wait for range formation and look to buy RL
4. Above IR, (7777-59) is the tight range formed
5. Will wait for some cool off, being expiry we can expect sharp down moves as TRAP
6. Potential Trade: BOF of RL long at 7763 with initial SL 7553
7. Cancelled the order as price get into IR now; 
8. Price made swings into both ranges; will look at extremes only now
9. Did TST to DH and reversed swiftly
10. Just watch expiry game now; no trades

Net: 0

30 - 03 - 2016 (Nifty)

1. Day trend sideways; 50 points Gapup
2. Opened near PDH, into resistance range and sustaining
3. IR (7670-57) formed, PDH in middle
4. As price moving from neutral to buy zone, BPB of PDH is preferable trade.. but today PDH is sandwiched into IR
5. Good short covering may come above DH, will look to attempt BPB long
6. Missed long as no PB fallowed
7. Trading in narrow range of 7685-75 after BO from 7670-52 range
8. Was looking for some PB and BOF of RL signal.. never came; price moved above BRN now
9. Hardly seen the screen for 10 minutes today, my price alert never popped :)
10. Done for today.

Net: 0

29 - 03 - 2016 (Nifty)

1. Day trend is sideways
2. PDL acted as good resistance zone earlier, look for long opportunity
3. IR (7643-19) formed within yesterday closing range
4. Will wait for range formation; skipping BPB long of IRH signal
5. Potential Trade : BPB of PDL short at 7597 with initial SL 7614 (Or) BOF of PDL long at 7620 (above high of BO candle) with initial SL 7606 // long at 7617 with initial SL 7607
6. Trade 1 (11:33): BOF of PDL long at 7617 with initial SL 7607
7. Moved SL to 7611
8. Moved SL to 7619
9. Moved SL to 7630
10. Exited with gain of 11 points
11. Will wait for PA at PDC now
12. Long tail rejection pin bar at PDC
13. Couldn't place order at right time, missed it.
14. No chasing now, tired of more screen time today
15. Done for the day.

Net: +11

28 - 03 - 2016 (Nifty)

1. IR (7729-09) formed with in yesterday closing range 
2. Preferable trade BOF of RL short or BOF of RH short
3. Broke IRL and stalled below it; will wait for price to react at BRN
4. Potential Trade: BOF of BRN long after swing high formation with initial sl 7696; FTA 7718
5. DB at 7696; this level may hold
6. Trade 1(11:30) : BOF of BRN long at 7704 with initial SL 7696; FTA 7718
7. Exited with loss of 10 points
8. BRN lost its relivance now; removed as DP, looking for price to reach PDL
9. So far traded in 2 ranges 7729-09 & 7709-7689, both 20 points
10. Potential Trade: BOF of PDL long at 7683/after swing high formation with initial SL 7676 
11. Oops, nifty broke downside with no PB to PDL, didn't even think about BPB short opportunity 
12. Done for today

Net: -10

23 - 03 - 2016 (Nifty)

1. IR (7721 - 7692) formed with in yesterday closing range & price in neutral zone, so preferable trading extremes
2. After BOF of BRN, price stalled for more than 30 minutes by now, BOF of LOD attracts more longs i believe.
3. Potential Trade: BOF of RL long at 7697 with initial SL 7688; FTA DH is 24 points away
4. No swing point and NF broke as BPB
5. Ignoring BPB short signal as i was not comfortable the way price flowing below range
6. Trade 1 (11:48) : BOF of RL long at 7697 with initial SL 7688; FTA DH is 24 points away
7. Exited with loss of 11 points
8. Extended the range 7721-7679
9. Missed BOF entry at RH/DH, as i was waiting for at least one candle closed above RH
10. Done for today

Net: -11

22 - 03 - 2016 (Nifty)

1. IR (7700 - 7683) formed below closing range
2. Preferable trade BOF of RL as price in b/w PDH and PDL
3. Broke BRN/IRH and gave complex pull back and reversed till PDH
4. Will be trading extremes of range; removed BRN as DP
5. Potential Trades: BOF of LOD long (or) BOF of PDH short (or) BPB of PDH long
6. Finally broke LOD
7. Waiting for swing high formation to exercise long position as BOF of LOD
8. Not triggered; NF broke day low again
9. Sharp rally; missed as i couldn't find proper setup to catch
10. Expecting no sharp moves now. Done for the day
11. Hope tomorrow some good move happen, being last day of week!

Net: 0

21 - 03 - 2016 (Crude)

1. Opened chart at 5PM
2. Crude traded in range 2700-28 most of time till now, below PDL
3. Attempted to cross PDL, took support at RH
4. 2nd Attempt too failed
5. Potential Trade : BPB of PDL long 
6. Trade 1 (16:00): BPB of PDL long at 2750 with initial SL 2743
7. Moved SL to 2748
8. Moved SL to 2764, below PDC
9. Exited with gain of 12 points
10. Swiftly reversing from Neutral to zone to sell zone now
11. Expecting some consolidation after good 50 points fall; Ignoring BPB short signal at PDL
12. Break till 9:30 PM

Net: +12

21 - 03 - 2016 (Nifty)

1. Market bias bullish & IR formed above PDH.
2. First candle acting as MC (7639-24)
3. Will wait for range formation; wont be trading MC
4. 7653-24 is range so far
5. NF stalled at 7667 earlier high and pulled back to RN
6. Potential Trade: BOF of MSP (7543) long above RN
7. Trade 1(13:03) : BOF of MSP long at 7553 with initial SL 7542
8. Exited with loss of 13 points
9. Finally NF broke resistance zone; if failed to sustain good fall may happen
10. Potential Trade: BOF of DH short at 7562 with initial SL 7572 (Or) BPB of DH long at 7572 with initial SL 7562
11. Trade 2(14:18) : BPB of DH long at 7572 with initial SL 7562 FTA 40 points away
12. Moved SL to 7570
13. Moved SL to 7586
14. Exited with gain of 38 points

Net: +25

Daily Trading Plan

Today i have gone through ST and URD hand books to brush up my understanding as i see i was unable to pull trigger some times in last week and missed few good setup as hesitated at entry points.

Came with small document which i can use as reference point daily, Sharing as blog spot to take right cues if useful for your style of trading DP's.


Daily Trading Plan

1. Plot DP’s such as BRN,PDH,PDC,PDL,RN & Proven Resistance/Support levels from daily chart
2. Develop market bias by answering below Q’s 

·          What is day’s trend; Up/Down?

·          Price opens in/out side of yesterday range?

·          Price gapped trend or counter trend?

·          Price trading above/below of DO/PDC?

·          IR formed above/below yesterday closing range

Read this before initiating trade:

1. FTA should be at least 15 points away, to allow scratching
2. Check if trapped traders create good order flow; Don't miss BOF of prominent levels
3. Don't risk more than 10 points per trade
4. Define exit levels before processing entry itself, you may get into TRAP right!
5. Never miss Fluids.
6. Check if critical mass (day traders booking profits/market counter gap down below PDL and reverse etc.) provides order flow to your trade.
7. Attempt counter trend FTC trade only if you think price exhausted (near to higher t/f level)
8. Don’t trade BOF while SAC pattern running/developing.
9. Don’t miss PP trade, if BOF exits at other extreme

Managing Trade:

1.     Hide SL behind DP, Swing High/Low, Flip’s and Pivots

2.     Move SL to cost and look to scratch if price reverse from FTA

3.     Do SAR trades only in case of TRAP entries (Or) You had one profitable trade already

4.     STOP trading for the day, once 2 SL triggered in a row

5.     Maximum trades per day, Four.

18 - 03 - 2016 (Crude)

1. Open above PDH and traded in 20 point range for 5 hours
2. Trade 1 (3:06 PM) : BOF of PDH long at 2672 with initial SL 2661
3. Moved SL to 2684 once BRN crossed
4. Moved SL to 2695
5. Moved SL to 2713
6. Exited with gain of 39 points

Net: +39

18 - 03 - 2016 (Nifty)

1. Open at RN and with in yesterday range
2. IR 7559-28
3. Trade 1 (10:06) : BOF of RN long at 7560 with initial SL 7548
4. Moved SL to 7557, seeing no much momentum upside
5. Exited at cost
6. Now will wait for signal at extremes 
7. Potential Trades: BPB short of RN at 7541 with initial SL 7555 (Or) BOF of RN long at 7560 with initial SL 7548
8. Suspecting BW around RN, avoiding long signal
9. Drawn today's range 7578-32
10. Lunch break; back after 2 PM
11. Oh, nifty made one more round trip in last hour
12. 7587 offered good resistance yesterday, nifty exactly resisted there and reversed (before noon)
13. Will see if one more failed attempt happen around DH to BRN 
14. Placed limit sell order at 7579 with initial SL 7588
15. Cancelled the order; no more new trades after 3 PM
16. Done for today
17. Marked potential trades, though i took 1st one only.

Net: 0

17 - 03 - 2016 (Crude)

1. 50+ gap up and 20 points range
2. Preferable trade BOF of BRN (RL as well) as it is buy zone
3. BO after 3 hour of small range failed to move further
4. Potential Trade: BOF of DH/RH short at 2617 with initial SL 2624 FTA BRN.. ready to scratch
5. Not triggered and price moved up ad BPB signal; No chasing, let price show next trigger
6. Another upper range formed now; 2642-2622
7. Break till 5 PM now
8. Trade 1: BOF of BRN long at 2605 with initial SL 2595
9. Moved SL TO 2598
10. Moved SL TO 2603
11. Moved SL to 2619 once DH crossed
12. Moved SL to 2635 while crude stalling at RN
13. Exited witg gain of 33 points
14. Done for today

Net :  +33

17 - 03 - 2016 (Nifty)

1. 50+ gap up; and multiple pin bars at open near to BRN
2. 7593 is earlier high; NF exactly stalled over here
3. Will wait for BOF of BRN signal for any shorts; no confidence to short as FTC over BRN
4. Marked range 7587-53 in buy zone; preferable trade BOF of RL or RN
5. PP long may be developing, but 7593 and BRN are hurdle, very close. Ignoring this setup
6. BPB of RH long at 7594 (Or) BOF of RH short after swing low formation ???
7. Long entry not triggered & waiting for swing low formation to place limit order for short
8. Swing low is 16 points away from RH.. not worthy risk in this grinding market i feel;
9. Will wait for PA at LOD/RN/PDH; Look out for BOF signal to go long
10. Potential trade BOF of RN long at 7556 with initial SL 7546
11. Price invalidated above signal, reaching PDH now
12. TST and stalling around PDH now;
13. Trade 1: BOF of PDH long at 7539 with initial SL 7532
14. Scracthed with loss of 3 points

Net :  -3

16 - 03 - 2016

1. Opened with in yesterday closing range; closer to PDL
2. Pin bars below PDL indicating reluctance to go down; long opportunity above pin bar if BOF happens
3. Will look for PA in next attempt to concur PDL; long or short as BOF of PDL?
4. BOF of RN signal; i do ignore as NF in sell zone
5. NF trading in channel again, as yesterday.. Difficult to trade unless someone get into short at PDL
6. Calling it a day; got some work. Nothing much happening with nifty.

15 - 03 - 2016

1. Open above PDL and broke
2. Swing low formed at 7518; if short triggered SL is 14 points, FTA 18 points & not convinced about price stalling near to PDL for 1 hour
3. Skipping this trade entry
4. Nice pin bar and TST to BRN signals BOF of BRN long; but as NF in sell zone, doubted about entry & skipped this signal as well
5. Had i entered 1st short signal, i would have exited at cost by now; No regrets of missing now.. TEE HEE
6. Those who entered shorts around PDL must have SL in zone of 7528-7533; but i won't take BO trade unless it is PP signal; lets see PA once PDL reached
7. 7505 is MSP or PB high made after BOF of BRN (TST to LOD); good position to trade long above MSP, though it doesn't look like text book BOF pattern, i feel i can trade this.
8. Oops.. broeken down side;
9. Now i understood why bulls n bears fighting like this; it's JNSAR time. Probably tomorrow we may see some good directional move
10. No more trades expected in this chopped session; Done for today

Net :  0

14 - 03 - 2016

1. IR (7593-55)  formed above PDH (7544); will look for buy opportunity
2. Trade 1 (12:21 pm) : BOF of PDH long at  7552 initial sl 7541; FTA 7570, 20 points away.. Ready to scratch
3. Exited with loss of 13 points
4. Suspecting BW around PDH; will ignore BOF of PDH (if comes)
5. 2nd Range developed (7556-7534), PDH being in middle;
6. Expecting some directional signal after 2:30 only.. General observation
7. Nifty traded most part in 7540-60 from 11:45am;
8. BOF of long signal, but it's already 3PM
9. Hesitated and missed BOF of LOD long;
10. Done for today

Net :  -13

11 - 03 - 2016

1. Open above BRN and sold off; stalled at 7475 now
2. As NF in neutral zone; will try to trade extremes, once range formed
3. Stalled at 7475 which acted as flip for most of yesterday’s move
4. BOF of 7475 can be traded(?).. will let this signal go away, i am not sure
5. Oops above signal turns good, anyways will wait for next PA at PDH or BRN
6. Those who entered direct BO of BRN (or) DO, where do they place SL??...  might be below 7526 (PB low).. but i can't trade this, as it is not a well established range as of now (to invite fresh shorts) or a prominent DP.. at max what would have happen.. only some profit booking..not worth to take a direct BO trade..will wait and see
7. After BO of BRN, range formed 7543-25 & broke below RL
8. Now BPB of RL signal, entry could be at 7517 with initial sl 7528 and FTA BRN 7500
9. Hesitated and missed this trade as well; Will look for next signal at BRN now
10. I would have taken above trade confidently, had it been BOF of RH as it comes with trapped traders
11. Trade 1 (11:39 candle): BPB of BRN short at 7495 with initial SL 7505; FTA 30 points away
12. Moved SL to 7493 (to cost) as 7475 broken
13. Expect one more attempt to concur 7475 will be made and fail, their by giving us next swing high or pb high to trial SL.. so that swing point what i am assuming now is mental sl
14. Yesterday after BOF of RN.. nifty rallied 50 points.. origin of good move & now a pin bar formed at same level.. let's see if NF do sudden reverse from here
15. Moved SL to 7484; above high made while attempt to broke 7475
16. Exited with gain of 9 points
17. BRN acted as midpoint so far today; will not jump on to trade, expect to consolidate for any next decisive move
18. Now reached the point where morning sell off happend; 7525.. tough PA today.. will sideline for PA at DH
19. Nifty formed Inverted U pattern so far & expected to shape into ‘Sign Wave’ pattern.. TEE HEE; i discovered a new pattern today ;)
20. Don't  expect a trade form now; Done for today

Net :  +9

10 - 03 - 2016

Market Commentary:

1. Open above PDH and sell off; 30 points red candle. Will act as MC?
2. Accepted below PDH; no PB to enter short; will wait for PA at BRN
3. Trade 1 (9:57 candle) : BPB short of BRN at 7494 with initial SL 7504; FTA is swing low which is 30 points away
4. Moved SL to 7490 (above 1st PB high after short entry)
5. 7467 is acting as resistance; which is yesterday's swing low
6. Will scratch the trade if sustaining above 7475 as NF not breaking RN and seems concurring 7467 (It's like i am keeping mental/soft SL, instead of physical.. let's see if this experiment turns good)
7. Moved soft SL from 7475 to 7450-55 zone (acting as flip now, time 12:38 PM) & placed physical SL at 7476
8. Yesterday after breaking 7450; nifty rallied almost 100 points.. so it is origin of significant move
9. A long can be attempted if if risk in favour; will wait for proper setup
10. Again resisted at 7467; Moved physical SL to 7468
11. Exited with gain of 24 points
12. Looks like replica of morning trade coming;
13. Trade 2 (2:12 PM candle) : BOF of BRN short at 7496 with initial SL 7505; not sure we call recent spike as free fall zone but will attempt and ready to scratch if proven wrong.
14. Moved SL to 7494, to cost (adjusted to brokerage)
15. Exited at cost
16. No more trades t BRN now & i don't expect any significant move now as NF in middle of prominent DP’s
17. Done for today

Net :  +24

03 - 03 - 2016

1. Once again gap up above BRN
2. Any PB/TST/BOF to PDH is good opportunity to long
3. Trade 1: BOF/TST of PDH long at 7380 with initial SL 7365 (15 points SL, but will attempt)
4. Moved SL to 7382 as HOD crossed
5. Moved SL to 7389
6. Moved SL to 7412
7. Exited at 7450 with gain of 68 points

Net: +68

PS: Another short break tomorrow; back on Monday.

02 - 03 - 2016 (Nifty)

Tell me if you manage to make any Trade ;)

01 - 03 - 2016 (Crude)

1. Opened near PDC
2. Trade 1: BPB of PDH long at 2335 with initial SL 2327 FTA 15 points away, ready to scratch
3. Moved SL to 2335 as reversing from RN
4. Exited with loss of 2 points
5. Back into morning range; will attempt short as BOF of PDH below swing point (if formed)
6. Trade 2: BOF of PDH short at 2322 with initial SL 2333, FTA just 10 points away, ready to scratch
7. SL escaped by just 1 point
8. Exited with loss of 13 points
9. BOF of DH short signal; but I do ignore as NF is in buy zone (above PDH) and I don't think longers offload positions here.. also BOF is not convincing as it traps BO traders.
10. Waited for long signal at PDH; not came.. PA bit confusing. 
11. Done for today 

Net : -15

01 - 03 - 2016 (Nifty)

1. Gap up and shooted above PDH
2. BPB long came, but ignored as SL is huge
3. Drawn range 7174-7141
4. LHS chart saying 7171-77 zone acted as flip & NF resisting at same place now, DH being upper range level
5. Will attempt if BOF DH signal comes with acceptable SL (max 10 points)
6. Swing log formed (after BO) is not broken & NF moving towards BRN
7. NF not sustaining above BRN, but I am clue less how to trade short over here!
8. Done for the day

Net: 0