Showing posts with label CenturyDay;. Show all posts
Showing posts with label CenturyDay;. Show all posts
Tuesday, May 7, 2019
Tuesday, March 5, 2019
Nifty : 05 - Mar - 2019
Market Commentary
9:30 AM :
NF opened below PDL and quickly back into PDR
BOF of PDL happened, didn’t taken long when it broke IRH as FTA BRN very near.
Will wait for some consolidation or a re-test to PDL
9:48 AM:
Marked DH into chart.
Will look for long after price break DH, preferably entry above BRN
Else if, price PB’ed till PDL and reversing from there.. Long possible
Else if price got accepted below PDL, start looking for short
11:46 AM:
Took long above PDC and added more as BPB of PDH
No momentum happened after second position
Scratched newly added position and holding old position with SL near to cost now
Will look to add fresh once price break DH-10942 Zone strongly.
As of now, it looks like price forming BW around PDH
2:04 PM:
Moving SL below swing low’s forming as Nifty moving Up
Friday, August 3, 2018
Tuesday, July 17, 2018
BNF : 17 - July - 2018 (+127)
Today is good example of "Pyramiding Profits"
Traded in BNF as PA looks good to me compared to NF.
After yesterday's down move, there is no follow up at open time. BNF strongly moved upside at open, making bias neutral. Later it consolidated for nearly 4 hours and gave BO upside, turning bias to Up.
Took 8 lots as risk is 30 points. Why 8 lots?
Long triggered at 26890 as BPB of RH with Initial SL 26860
1% of capital = 10K.
Quantity to Trade = (Risk per trade / SL) ==> 10000/30 ==> 333 is quantity
333 / 40 (BNF lot size) ==> 8.
Hence took 8 lots of BNF
It moved well and gave BPB of PDH setup. here i added 8 more lots and average price came to 26937. Moved SL to 26947, immediately after adding more lots. Now either BNF reduce my profit by hit SL Or i will ride if short covering gonna happen. This is what i am calling PYRAMIDING PROFITS. One must do it when price read telling us chances of winning is more.
It moved well,, exited at 27086 with gain of 149 points.
Translating overall gain into nifty 10 lots,, it comes to 127 points.
Traded in BNF as PA looks good to me compared to NF.
After yesterday's down move, there is no follow up at open time. BNF strongly moved upside at open, making bias neutral. Later it consolidated for nearly 4 hours and gave BO upside, turning bias to Up.
Took 8 lots as risk is 30 points. Why 8 lots?
Long triggered at 26890 as BPB of RH with Initial SL 26860
1% of capital = 10K.
Quantity to Trade = (Risk per trade / SL) ==> 10000/30 ==> 333 is quantity
333 / 40 (BNF lot size) ==> 8.
Hence took 8 lots of BNF
It moved well and gave BPB of PDH setup. here i added 8 more lots and average price came to 26937. Moved SL to 26947, immediately after adding more lots. Now either BNF reduce my profit by hit SL Or i will ride if short covering gonna happen. This is what i am calling PYRAMIDING PROFITS. One must do it when price read telling us chances of winning is more.
It moved well,, exited at 27086 with gain of 149 points.
Translating overall gain into nifty 10 lots,, it comes to 127 points.
Friday, June 22, 2018
Friday, February 23, 2018
Nifty : 23 - Feb - 2018 (+100)
Doubled the No. of Points Earned, because i have added 10 lots more while Price breaking 3 Day High (also then DH).. Worked well. Closing the day as I may Over Trade out of Enthu!
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