Tuesday, July 4, 2017

04 - Jul - 2017 (-14)


Market Commentary

9:34 PM: Price opened near PDC, attempted PDH…gave BPB of PDC signal, ignored as I am expecting some range formation or consolidation before any decisive move. we have seen good trend day yesterday.

9:38 AM: IR (9638-17) formed with in PDH/PRL, coinciding with closing range. bullish bias above PDH/IRH.

9:50 AM: Trade 1 – BPB of PDH / IRH long at 9638 with Initial SL 9628, FTA RN 12 points away. Will attempt as the signal is coming with trend and above PDH

10:00 AM: Moved SL to 9632, as PDH acted as support/flip during PB. To continue bullish bias, this level should hold

10:13 AM: Exited with loss of 8 points

10:25 AM: BOF of PDH short signal, ignored as price may be forming BW and I just had a hot. Need to take a break

11:30 AM: 9618-9600 is 2nd range formed, below morning range 9643-18. Will look for good signals at lower range extreme now.

12:45 PM: Missed BOF of BRN signal as I was away from desk

14:12 PM: 3rd attempt to break PDH seems to be failing, as 2 upper tails formed

14:20 PM: Trade 2 – BOF of PDH short at 9631 with Initial SL 9637, FTA swing low 9620 is 10 points away, will look to scratch if doesn’t work

14:40 PM: Moved SL to 9635, price refusing to go away from PDH

14:42 PM: Exited with loss of 6 points

14:45 PM: Done for today, as 2 SL hit.


Points earned:  -14
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6 comments:

  1. AnonymousJuly 4, 2017 at 11:35 PM

    This comment has been removed by a blog administrator.

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  2. AnonymousJuly 4, 2017 at 11:36 PM

    Too good, with discipline.keep it up. I appreciate your efforts,but finding myself hooking to screen a bit difficult.

    At the same time, once in trade, i am glued to screen a d ge erally exit before time. Also i am unable to limit to pure dp's, but look for some indicator simultaneously. I need to learn a lot from you
    Shai

    ReplyDelete
    Replies
    1. Only NiftyJuly 5, 2017 at 12:05 AM

      Shai,

      I am sure you must be having a blue print of daily trading plan... Take a print out of it, evaluate possible trades while price moving per your plan..once into the trade, focus on managing with limited risk..reward anyway market only can control.

      Delete
  3. UnknownJuly 5, 2017 at 7:25 PM

    Which software u r using for real time data, I don't know much about this, plz guide if possible

    ReplyDelete
    Replies
    1. Only NiftyJuly 5, 2017 at 10:57 PM

      Raghav,

      I have account with Zerodha. I use their web version, Kite. Google the name Zerodha, you will get to know details.

      Delete
  4. UnknownJuly 6, 2017 at 5:01 PM

    Thanks for information

    ReplyDelete

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