One more Break!

Back On 9th May.

29 - 04 - 2016 (Nifty)

[09:24] Day trend DOWN; NF opened at PDL; unable to move further and broke structural support (picked from hour chart) 7869
[09:45] Waited for BOF of Structural Support signal; no PB happened, price zoomed above PDL and BRN ; now will wait for some range formation
[10:39] BOF of PDL long signal; avoiding as BRN just few points away and also expecting range move as yesterday was good trend day
[12:45] Removed BRN and PDL as DP's, price moved back and forth
[12:51] Drawn range 7933-7874; will look to short failed attempts to break RL
[14:42] Couple of TST to RL and reversal so far
[14:53] Price strongly rejected from 7869 couple of times, which is nothing about our SS which i ignored after range formation. However i observed good trade opportunities comes when SS coincide with range extremes, just like how our DP's work.
[15:12] Price broke into upper range with force, no time for fresh trade even if sell off happen from here. So, Done for Today


Net: 0

28 - 04 - 2016 (Nifty)

[09:39] Day trend UP, nearing psych level of 8000;IR 7965-90
[09:57] Wait for PA at 8000;
[10:21] Price unable to touch BRN, will attempt short  if next attempt fails
[11:06] Price broke DO/DL with no attempt to concurr BRN, now PDL decides the game
[11:12] Trade 1: BPB of PDL short at 7944 with initial SL 7955; FTA quite far away
[11:27] Moved SL to 7944; cost
[11:48] Price stalled at zone where it has zoomed earlier, can expect some PB and resume of down trend
[12:24] Moved SL to 7934, above PB high
[13:12] Moved SL to 7927, above recent swing high
[14:09] Moved SL to 7913, above recent swig high and TVP
[15:00] Moved SL to 7890; Nice trending day
[15:20] Moved SL to 7857; Just like that
[15:29] Exited with gain of 95 points

Net: +95

Small Break till 27th April

Visiting  German Consulate in Chennai for VISA Stamping.. Wish me Good Luck :)

22 - 04 - 2016 (Nifty)

[09:36] Day trend UP; Price opened near PDL'; IR (7902-7882)
[09:54] After breaking PDL, price pulled back till BRN; placed order as BPB of PDL short at 7882. Short covering above IRH/BRN, will look to attempt if BPB happen.
[10:06] Price jumped above BRN with no PB; will wait for range formation
[11:30] TVP (7912) for short term up move is protected
[12:45] Range formed 7939-7912; look to fade ranges, preferbly BOF of RL long
[13:42] BOF of RL long at 7914 with initial SL 7909 (limit order using 1 min chart)
[14:00] Price unable to cross swing high 7934, moved SL to 7918
[14:06] Exited with gain of 2 points
[14:36] Price moving back and forth b/w BRN and PDL after broke down from higher range
[14:50] Price rejected from earlier range quick, couldn't take short order
[15:00] No new trades expected. Done for today.

Net: +2

21 - 04 - 2016 (Nifty)

[09:33] Day trend UP; gap up;  IR (7984-66);
[10:15] Price unable to move upside, will wait for confirmed weakness below PDH
[10:30] Trade 1: BOB short of PDH short at 7954 with initial SL 7960 (limit order using 1 min chart). FTA 20 points away (PDC)
[10:36] Moved SL to 7952, as PDC broke
[11:00] Moved SL to 7947
[11:24] Exited with gain of 5 points
[12:03] Will look for PA at extremes of range PDH-LOD
[12:11] TVP (Trend violation point) for this down move is coinciding with PDH
[12:57] Trade 2: BOF of LOD/RL long at 7935 with initial SL 7926; will look to scratch if unable break 7945-50 zone
[13:08] Moved SL to 7930 as price struggling to cross RN (7950)
[13:22] Moved SL to 7935, cost & below PB low
[13:48] Moved SL to 7938, break even
[14:03] Exited with gain of 1 point
[14:40] Adjusted lower range boundary to day low
[14:50] BOF of RN short was good entry for short (13:45), i was managing long trade then & BPB of LOD short was too quick;  what a fall to miss..  bad luck!
[15:00] No more trades expected; Done for today

Net: +6

20 - 04 - 2016 (Nifty)

***
I have learned some concepts from Jagadeesh Chandra Kolli over last weekend, will be implementing them for better trade entry identification and ongoing market analysis hence forth.. Hopefully it leads for betterment over my weak areas in trading
****

[09:20] Day trend UP; Trend gapup and pulled back till PDH
[09:25] Trade 1: BOF of PDH long at 7931 with initial SL 7926; (Limit order using 1 min chart)
[09:35] Moved SL to 7934
[09:45] Moved SL to 7942, price struggling above DH
[10:15] Exited with gain of 9 points
[10:30] Looks like bulls exhausted and giving up; price strongly approaching PDH; will look for short signal
[11:00] After BO of PDH, price stalled for some time and gave BPB signal, swing low formed 13 points away.. hesitated and let the trade go away
[11:15] Price hit structural support/BRN with strength but failed to sustain below; look for BOF long opportunity
[11:22] Trade 2: BOF of BRN long at 7903 with initial SL 7897; FTA is 7914, will scratch if not sustain above
[11:42] Down trend is loosing strength as projections are getting weaker and depths are strong; TVP is 7914
[11:55] Moved SL to 7910 as price closed above TVP
[12:03] Exited with gain of 5 points
[12:31] Bulls approaching PDH with strength; will look for long if breakout sustain
[12:42] Price reversed by giving TST to PDH; below 7912 more weakness
[13:00] Price moves back to BRN again, TST and reversed; difficult to make trading decisions
[13:20] Will look for breakout above PDH for by signal
[13:27] Trade 3: BPB of PDH long at 7933 with initial SL 7925; FTA 20 points away
[14:00] Moved SL to 7930
[14:18] Exited with loss of 5 points
[14:40] PDH looses relevance as price moving back and forth
[14:42] Done for today as no more trades expected.

Net: +9

18 - 04 - 2016 (Nifty)

[09:30] DO near BRN, failed to sustain and fall till RN; wait for range formation
[10:44] Price getting accepted above PDH
[11:04] NF stalled around PDH; will avoid BOF signal. BW in formation?
[12:50] Missed to initiate long trade as BOF of RL, as i was away from screen
[15:05] Looking for BOF of BRN signal; but price just made TST and ran away. Done.

Net: 0 

13 - 04 - 2016 (Crude)

[10:24] DO with in yesterday closing range; price trading below PDC and DO; IR (2765-75), 1st candle acting as MC
[11:00] Price took support at DO but unable to move up
[11:15] Trade 1: BPB of DO/IRL short at 2761 with initial SL 2769
[11:30] Moved SL to 2766 as no selling pressure seen
[11:45] Moved SL to 2763, cost
[12:13] Moved SL to 2757, as price attempting to break RN
[13:10] Exited with gain of 2 points
[14:45] Break till 5 PM
[17:15] Back in action; price slowly inching towards DP/DH. will see PA there.
[18:10] Quick rejection from DH zone
[18:54] Trade 2: BOF of DH short at 2772 with initial SL 2783; FTA 15 points away.
[19:14] Moved SL to 2776 as swing low is protected
[19:22] Moved SL to 2768 as swing low broke
[19:36] Exited with gain of 2 points
[20:10] News volatility going on
[20:14] After news, price resisted at PDH, touched DL and moving towards PDH again
[20:30] With my little bit of experience in trading crude, this instrument produce major moves after news announcement. Doesn't suit my personality so far. Done for today.

Net: +4

13 - 04 - 2016 (Nifty)

[09:24] Trend gap up of 60 points; price trading above DO; will wait for range formation and look for buy signal.
[10:00] Potential trade; BPB of RN long
[10:30] Trade 1: BPB of RN long at 7858 with initial SL 7846
[10:42] Moved SL to 7555, no much momentum seen
[11:00] Exited with gain of 1 point
[11:20] Hesitated to take BOF long signal as just exited long
[14:45] No more trades expected; So done for Today.

Net: +1

12 - 04 - 2016 (Crude)

[17:00] Day trend Up; Small gap up; After BOF of PDC broke PDH & looks like BPB short signal may come
[17:36] BW formation; better to wait for proper signal
[19:09] After unstructured moves, took support at morning range high and back to PDH now. Better to trade extremes
[19:18] BOF of DH short at 2713 with initial SL 2722; BRN and PDH near, ready to scratch
[19:27] Moved SL to 2715, as price stalled at PDH
[19:35] Moved SL to 2710; cost
[20:02] Exited with gain of 1 point; Done.

Net: +1

12 - 04 - 2016 (Nifty)

[09:34] Day trend Up; NF trading above DO and PDC; Broke PDH just now
[10:08] After trend move  yesterday, expecting range move today; also PA so far confirms the same. will wait for range formation
[11:45] Price unable to crack DH for 2nd time; but will not attempt trade with this signal. Probably a strong rejection appear in form of long tail upside.
[12:07] Set price alert for 7704 level; will be back once price hit this level, expecting safe long entry near DO or BOF of PDH
[13:48] Trade 1: BOF of DO long at 7696 with initial SL 7684
[14:02] Moved SL to 7690 as NF moved till PDH
[14:16] Moved SL to 7695 as PDH broke
[14:21] Moved SL to 7705, below low of BO candle
[14:29] Above 7735, bullet train starts?
[14:37] Moved SL to 7714 as DH crossed
[14:55] Moved SL to 7720, 2nd attempt to concur DH
[15:20] Exited at 7735 with gain of 37 points; Done for today.

Net: +37

11 - 04 - 2016 (Nifty)

[09:39] Day Trend down; Small gap up near to PDH and sell off into PDC; IR (7596-73) formed; look for short around PDH/PDC
[09:51] BPB short of PDC at 7578 with initial SL at 7585
[10:00] Moved SL to 7575, while price negotiating with PDL
[10:45] Exited with gain of 1 point
[11:27] Will wait for PA at PDH/PDL/PDC
[12:51] Missed BPB of PDL short signal as price quickly fall after BO, couldn't punch order.
[13:30] Sudden spike of 65 points; don't know why :O; whoever caught BOF of PDL long must be on cloud 9 already.
[13:34] Was expecting quite range bound day, as tomorrow Infy declaring results & some Fed meet tonight; Surprise rally left me clueless now. Missed bullet Train!
[14:24] Will look to attempt a short if BOF signal comes at RN/DH
[15:10] So, some unexpected news from FED (meet itself unplanned one)? Rate Hike/Cut or $ Devaluation (That must be shocker).. anyways how does it matters to us!
[15:20] Done for Today.

Net: +1

08 - 04 - 2016 (Nifty)

[09:21] Day trend Down; DO near PDL and moved above; will look for proper BOF signal to go long
[09:54] IR (7573-52) formed; Drawn PDL to 7555 as NF took support there
[10:39] BPB of IRH long signal; but i ignore the setup as price doesn't seem like reversing strong.. BOF of PDL would have been good attempt for long.
[12:06] Placed BPB of IRH short (coincide with 7550 NS) at 7569 with initial SL 7578
[12:18] Cancelled order as set up is negated with 2 green candles above IRH now
[12:30] Discarded IR, now watch out extremes only
[13:36] Prediction: NF broke RH/DH, resist/BOF of BRN, signalling short. Lets see
[15:00] 3 PM bell rang; i am completely into online shopping.. poor nifty forgot to move. Done for today.

Net: 0

07 - 04 - 2016 (Nifty)

[09:30] Day trend Down; IR (7627-08) formed just above PDL; prefer sell opportunity at PDL
[09:51] Broke PDL strongly with no PB so far
[10:54] Pulled back till PDL; will wait for another failure attempt to sell
[11:23] Potential Trade : BOF of PDL short at 7594 with initial SL 7613; look to scratch if sharp fall doesn't produce
[11:39] Price has different plan; negated short signal and moved to DO/DH now
[11:51] Price struggling to sustain above DH (coincide with NS 7600)
[11:54] Trade 1: BOF of DH/NS BRN short at 7620 with initial SL 7528; PDL 10 points away, ready to scratch
[12:15] Moved SL to 7623 seeing price reversing from PDL
[12:30] Moved SL to 7618, cost. and price negotiating with PDL again
[12:33] Moved SL to 7614, above high of PDL Break down candle
[12:45] Moved SL to 7605
[12:51] Exited with gain of 13 points
[13:00] Removed BRN and PDL as DP's
[15:00] Boring day; Done for today

Net: +13

06 - 04 - 2016 (Nifty)

[09:33] Day trend down; Price open with in yesterday closing range and sustained above PDL

[10:12] IR (7645-14) formed above PDL

[10:33] Potential Trade: BPB of PDL short (or) BOF of PDL long
[11:42] Avoiding BOF of RH short signal as not convinced about price stalling at same zone, instead of quick rejection
[12:09] Price broke RH again, TST to RN and reversed into range again; placed short order as BOF of RH at 7637 with initial SL 7647
[12:12] Trade 1 : BOF  of RH short at 7637 with initial SL 7647; FTA 23 points away
[12:33] Moved SL to 7740; expecting 7738 acts as flip
[13:00] Exited with loss of 5 points
[13:34] Adjusted RH to RN
[13:54] Potential Trade : BPB short of PDL at 7609 with initial SL 7620
[14:03] Leaving pin bar, price reversed above PDL; look for BOF long opportunity above swing high
[14:12] Trade 2 : BOF of PDL long at 7620 with initial SL 7610
[14:15] Oops; SL hit immediately. Exited with loss of 12 points
[14:27] Bad luck, NF kissed my SL and ran away
[15:00] Done for today

Net: -17

05 - 04 - 2016 (Nifty)

• [9:15 AM] Day trend UP; DO near PDL, counter trend gap down of 50 points
• [9:33 AM] 1^st candle acting as MC (till 11 AM?)
• [10:00 AM] IR formed with in yesterday range and just above PDL (7755-41)
• [10:12 AM] Potential moves after RBI news: - Price may break till BRN (roughly around JNSAR 7676 NS) and reverse (Or) a break through DH followed by fall into PDL... Let’s see if my baseless predictions come true [:P]
• [10:39 AM] BPB of PDL short signal; but I prefer to wait for news and price complete its wild reaction (if any)
• [11:24 AM] After RBI news, price sharply fell down and reversed till RN... broke day low now
• [11:42 AM] BOF of BRN long signal; will let this signal go, as I don’t think short covering takes place here, may be some consolidation may happen
• [11:55 AM] Somewhere around 2013 I think, on RBI event day I switched JNSAR position 4 times in a day resulting 100 points loss and EOD nifty closed where it has opened… I was too frustrated at that time and took break of a month and later browsed internet and tried different systems and combinations… and that search took an end when I found Nifty Nirvana blog. Of course the problem is not with JNSAR (mechanical) or any System, it is we who has to know when your system works best and when it loose edge.
• [2:45] Price moved like trend day; was expecting some PB to at least BRN... Which never happened.
• [3:28] done for today 

 

Net: 0

04 - 04 - 2016 (Nifty)

1. Day trend sideways; DO near to PDH and attempted BRN in 1^st candle
2. IR (7785-68) formed above PDH; will look for long opportunity
3. BOF of DO signal; will wait for swing high formation
4. Price moving back and forth around PDH; will wait for proper setup
5. Price not sustaining in by zone; will look for sell opportunity as BOF of PDH
6. Tomorrow 11 AM RBI meet, don’t expect significant moves until the event
7. Trade1 (10:24): BOF of PDH short at 7768 with initial SL 7775
8. Moved SL to 7770 as N stalled at RN
9. Moved SL to 7766, cost
10. Moved SL to 7759
11. Exited with gain of 7 points
12. 2 ranges in play so far, IR and 7767-47 (1:15 PM)
13. Price broke lower range through DO and failed to sustain above PDH
14. Not comfortable with price patterns and waiting for some clear signal
15. Extended higher end of lower range to PDH now (2:30 PM)
16. PP long can be attempted above PDH, also BOF at other end giving a clue that long may work
17. Trade2 (2:48 PM): PP long at 7775 with initial SL 7768; 1^st hurdle is 7750 NS is points away... Ready to scratch if reversed sharp
18. Exited with gain of 12 points 

Net: +19

01 - 04 - 2016 (Nifty)

 

1. Counter trend gap down below PDL; will look to short BOF of RH’s
2. IR contain too much of overlapping candles, will wait for price to react at PDL
3. Trade 1 (10:24): BOF of PDL short at 7748 with initial SL 7763
4. Moved SL to 7755 as price pulled back to RN, resisted and reversing
5. Moved SL to 7743 as LOD seems to be holding
6. Exited with gain of 3 points
7. Missed BOF of RN short as I set price alert for PDL alone; bad luck it was good signal to attempt short
8. Looking for BOF of LOD long after swing high formation with initial SL 7718
9. Cancelled order as LOD broken
10. Another BOF of long signal; but not convinced about swing formation, SL is huge. Avoiding

 

Net: +3