Break from Trading & Blogging !!!

I am taking a 15 days BREAK from Trading and Blogging as well.

Reason : 

After analyzing trades in 2017, what i realized is.. when ever i try to scale up.. emotions creeping in & i am unable to play freely the way i have traded earlier with ease. Also i didnt handle congested narrow range days well.

Over all i am satisfied with gains, but need to achieve better consistency and systematic way to identify signals, give weightage according to quality of setup and then managing trade well.

Going to experiment some Trend Following Intraday strategies using Amibroker & come up with a system that suits my psychology and style during this period.

DP Method had played key role in turning me as profitable trader... its time to move ahead & become a Systematic Trader now.. Aim is to eliminate emotions and trade system like a GAME.

Nifty : 29 - Dec - 2017 (-13)

Nifty : 28 - Dec - 2017 (-7)

Nifty : 27 - Dec - 2017 (+26)

Nifty & TATA Steel : 26 - Dec - 2017 (0)

HardLuck in nifty trade is compensated by TATASTEEL

Nifty : 22 - Dec - 2017 (+12)

Nifty : 21 - Dec - 2017 (-9)

Nifty : 20 - Dec - 2017 (-10)

Nifty : 19 - Dec - 2017 (+30)

Good example of FLUID trade

Nifty : 15 - Dec - 2017 (No Trades)

Attempted to trade 2 signals as marked.. both not triggered.

Nifty : 14 - Dec - 2017 (-12)

SL just touched & NF reversed; HardLuck

Nifty : 13 - Dec - 2017 (+49)

Nifty : 12 - Dec - 2017 (-6)

Nifty : 08 - Dec - 2017 (-1)

TIP to Part Time Traders : Writing your thoughts on Chart + using UpStox mobile app for alerts on price where you wanted to act has reduced my screen time back to 30 minutes per day.. You can also try this.

Nifty : 07 - Dec - 2017 (0)

Nifty : 06 - Dec - 2017 (0)

Nifty : 05 - Dec - 2017 (+12)

04 - Dec - 201 (No Trades)

Nifty : 01 - Dec - 2017 (+13)

Nifty : 30 - Nov - 2017 (No Trades)

Why to Pay more attention to BOF of PDH / PDL Levels ?

Here is text book example.

Nifty : 29 - Nov - 2017 (-17)

Nifty :28 - Nov - 2017 (+34)

Nifty & Hind Petro : 27 - Nov - 2017 (-12)

Nifty : 24 - Nov - 2017 (+22)

Nifty : 23 - Nov - 2017 (-5)

Nifty : 22 - Nov - 2017 (+28)

Nifty : 21 - Nov - 2017 (0)

Nifty : 20 - Nov - 2017 (0)

Nifty & Sunpharma : 17 - Nov - 2017 (0)

Nifty & JSWSteel : 16 - Nov - 2017 (+23)

Nifty : 15 - Nov - 2017 (-6)

Nifty & TCS : 14 - Nov - 2017 (-11)

Nice Long Setup in Crude

Nifty & Voltas : 13 - Nov - 2017 (-2)

High Probability Trade Signal Examples

                                                                        Examaple 1 : 

ITC in down trend
Ranged during yesterday closing time
Opened near to PDL; followed by nice pin bar with long tail indicating bullish pressure
Professional Entry is above Pin Bar with Stop below DL; easy to scratch if DH not crossed
Another good entry is above BO bar high

Example 2

Good long entry after yesterday's momentum getting extended

                                                                         
                                                                            Example 3

Entries with weak pull backs give nice RR than entry below swing points ... confirmation is just Psychological .. with practice and experience we can make this!

                                                                             Example 4

We can trade momentum moves after news as well; with this kind of setup's trade become high probability winning candidates... if risk is not in limit.. one can trade in CASH as well

                                                                               Example 5

Fluid always high probable; specially when rejection seen at powerful levels like PDH and PDL

Professional Entry Vs Retailer Entry

Nifty & HeroHonda : 10 - Nov - 2017 (0)