Nifty : 21 - Jun - 2018 (+11)

Today i traded in BNF as price action is good.
Also started documenting pre market view and market commentary in Microsoft one note, instead of note pad.. trying to keep things better organized.

Nifty : 05 - Feb - 2018 (-9)

Market Commentary:

PreMarket View :

9:37 AM - 100 point gap down; price refused to go down further.. IR formed (10657-10606)

BOF if IRH short would be with the trend if comes.

10:09 AM - Price sustained above IRH, HH-HL pattern visible now. Now how price behaves at PDH/PDC is important.. If that also taken out bias will change. Any strong rejection, will attempt short.

10:44 AM - Placed alert for price at 10697,, will look out for short as BOF of DH/BRN if comes

12:30 PM - AD Ratio increasing; NF unable to go down after minor rejection at 10700 last time.. Now attempting to concur the same. If sustained this time BPB of BRN is good attempt.. PDC/PDH is 35 point away

12:50 PM - Trade 1 : BPB of BRN long at 10710 with Initial SL 10694, FTA PDC/PDL 25 point away. Took with half of quantity.

1:15 PM - Exited with loss of 9 point

1:45 PM - Hesitated in shorting below 10694 after a TRAP; Closing the day,, i dont expect another better trade signal for today

Points Earned : -9

03 - Jul - 2017 (+17)

Market Commentary

9:34 AM: Counter trend gap up after attempting reversal pattern on Friday, but upper long tail bar formed at open and after PB. prices not moving quickly above swing high. will wait for consolidation and range formation

9:39 AM: IR (9555-39) formed above PDH and closing range… bias is bullish as of now

9:58 AM: Price gave TST and gave BO above IRH, both signal I was not ready to take. BPB and BOF signals were easy to take as they come with confirmation.

10:46 AM: Seems day going to be Type 1 trend day, unfortunately couldn’t take an early entry.

12:00 PM: Waited for TST to BRN before placing order, price moved with no PB

13:40 PM: Looking for BOF of MSP/BRN long signal, but price seems to be sustaining below

14:10 PM: Trade 1 – BOF of MSP/BRJN long at 9605 with Initial SL 9696, FTA DH 20 points away (This is good example for TRAP pattern)

14:18 PM: Moved SL to 9598

14:27 PM: Moved SL to 9605, near to cost

14:50 PM: Moved SL to 9607, to cost.

15:22 PM: Auto squared off at 9624

Points earned: +17