31/12/2014, WEDNESDAY

1) Longed @ BPB PDH. Got 8 points.

Did not take any trade after that, as I felt volume was  less.

Learnt many lessons in 2014 the hard way. Hope that the lessons will pay good dividends in the coming years.

WISHING EVERYONE A VERY VERY HAPPY, PROSPEROUS AND PROFITABLE NEW YEAR.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

30/12/2014, TUESDAY

1) Skipped BOF BRN as consecutive LHs were formed from yesterday.

2) Skipped LOL BOF of BRN PDL, as I suspected that the momentum is just not there. It took more than 30 minutes to come above PDL.

So no trades for today also.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

29/12/2014,MONDAY

First 2 candles caused 50+ points up move. Could not catch this move.

1) BOF of RL was the only signal, I could recognise. Skippetd it, wanted PDH, located nearby to be strongly tested.

So no trades for the day.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

26/12/2014, FRIDAY

1) Hesitated and missed BOF of BRN  Short.
. 
2) Longed at TST LOD Got 19 points.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

24/12/2014, WEDNESDAY

Did not trade today.

23/12/2014,TUESDAY

Did not trade today. In hindsight, feel that it was difficult to short @ PDH BOF, as two key levels were closely located below namely then LOD, lower extreme of the last impulse of the previous day. Beyond these 2 levels, price did not pause to let anybody join the party.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

22/12/2014, MONDAY

Was in a narrow range for a long time.

1) Skipped BOF @ LOD as RN was too close. Beyond RN, another key level HOD was also there.

2) Longed above PDH on seeing the consolidation just below for more than 30 minutes. Got 47 points.

That was the only trade of the day.

Disclaimer: I am not a Research Analyst, registered with SEBI. My methods will certainly result in severe losses. So please do not follow me. I maintain this blog  for my own learning purpose. I do not give any kind of Trading advice to anyone.

19/12/2014,FRIDAY

Opened with a big WT outside Gap up.

Market remained choppy after the strong burst in the first few minutes.

1) Could not Long above RH , as it remained a very strong resistance throughout the day.

2) Did not short BOF RH, as HL were formed after previous tests.

No trades for the day.

Disclaimer: I am not a Research Analyst, registered with SEBI. My methods will certainly result in severe losses. So please do not follow me. I maintain this blog  for my own learning purpose. I do not give any kind of Trading advice to anyone.

18/12/2014, THURSDAY

Opened with CT outside gap.

1) Longed @ BOF PDH, after the price came inside IR. Was trailing at the low of LSB. Price moved up after stopping me out. Could get just 2 points. Trailing the Longs must improve.

That was the only trade.

Disclaimer: I am not a Research Analyst, registered with SEBI. My methods will certainly result in severe losses. So please do not follow me. I maintain this blog  for learning purpose. I do not give any kind of Trading advice to anyone.

17/12/2014,WEDNESDAY

1) Did not trade in the first few minutes and missed BPB PDL Short.

2) Could not find any reliable signal thereafter. Downtrend was showing signs of exhaustion and could not spot any clear imbalance between supply and demand.

No trades for today as well.

Disclaimer: I am not a Research Analyst, registered with SEBI. My methods will certainly result in severe losses. So please do not follow me. I maintain this blog  for learning purpose. I do not give any kind of Trading advice to anyone.

16/12/2014,TUESDAY

Opened with WT outside GAP down.

1) BPB BRN was the first signal. Did not take it, as the trade is directed against a strong Day TF FZ. Further did not expect the price to fall down further after the big gap down. Missed a good trade.

2)  Wanted to short   above RN after the price failed to break out. But price fell down quickly without letting me join the party.

The Market was under the control of big boys and not day traders.

So no trades for the day. 


Disclaimer: I am not a Research Analyst, registered with SEBI. My methods will certainly result in severe losses. So please do not follow me. I maintain this blog  for learning purpose. I do not give any kind of Trading advice to anyone.

15/12/2014,MONDAY

Opened with WT outside gap down.

1) Shorted BOF PDL. Got 8 points.

2) It looked like a TRAP below PDL towards EOD. Longed above the swing high. Gave 10 points.Must be careful in interpreting TRAP.

12/12/2014,FRIDAY

Could not understand the price action today. Was expecting an up move due to the exit of Shorts. But the opposite happened.

No trades for the day.

10/12/2014,WEDNESDAY

1) First signal was BPB PDL Short. Skipped it, as that level was the flip zone of higher TF.

2) Did not long @ BOF PDL, as it was CT. Further too many levels were above.

3) Shorted BOF BRN. Gave 7 points

4) Skipped FTC short above BRN, as I expected RH just above BRN to act as FZ. Space was less below the FZ.

5) Longed @ BPB BRN. Exited on seeing the pinbar @ HOD. Got 6 points.

6) Shorted FTC above BRN trusting the exit of Longs. Exited at the first sign of resistance. Got 15 points.






4)

9/12/2014,TUESDAY

Opened with Gap down.

1) Did not short IRL BPB, as it was a higher TF support.

2) With hesitation(due to LH after every testing at IRL)   longed @ IRL after 2 attempts to breach it failed. Gave 4.5 points.

3) Pattern failiure was a strong signal, tempting me to short below RN. Suspected a BW around RN as I expected the higher TF support to hold. Was wrong. Missed a good move.Lesson learnt.

4) Did not take BPB BRN, as it was already 2.30 PM.

5/12/2014,FRIDAY

It was a Barbed wire around BRN throughout the day.

Went Long @ BOF IRL. Had to trail closely, as the chart was showing LH. It was a TOUCH TRADE. Got 8 points. That was the only trade of the day

3/12/2014,WEDNESDAY

First few candles showed strong rejection. PDL supported well.

1) Went Long @ BOF PDL. Got 8 points.

2) Went Long @ BPB PDC. Got 3 points  only. It was a premature exit. Should trail only at LSB henceforth.

3) Skipped BOF PDC, as I expected some consolidation after 2 momentum moves.

4)Shorted below the lowest swing low after the price came out of the channel. Scratched exactly at the entry price. Got 0 points.

It was yet another choppy day.

2/12/2014,TUESDAY

RBI announcement day.

1) Skipped the strong LOL Bof short, as I wanted the market to settle after the announcement.

2) Took RL BOF Long. Could get only 3.5 points.

No more trades for the day

1/12/2014

  1) Went Long @ BOF PDC. Stopped out. Gave 8 points.

  2) Shorted @ PDC after price failed to move up on the 3rd attempt. Got 12 points.

  3) Missed BOF PDC Short as I expected the then LOD to hold. But it turned out to be the best signal             of  the  day.

  4) Missed BOF BRN, as the signal came too late.

  Choppiness was the order of the day.

28/11/2014,FRIDAY

Big outside Gap up with trend.

1) Went long on seeing PP set up. Did not move well.  Gave 1 point.

2) Thought of going short towards EOD. T hen decided against it.

Price was moving in a channel for a major part of the day.

27/11/2014, FRIDAY

As MT4 switched to the next month, had to use another chart. Being expiry day, decided to look out for trades only near 8450 and 8500.

1) Big tail, indicating LOD BOF was too hard to resist. But  LHLL set up inhibited me from taking this trade.

2) Took BOF of the then HOD and closely trailed. Got 13.5 points.   Even a small delay in exiting  would have resulted in giving away the profit.

26/11/2014,WEDNESDAY

Did not trade today, as I had some other work till Noon.

In the hindsight, there were 2 good signals,  BOF PDC and BPB PDC.

25/11/2014,TUESDAY

First candle showed strong rejection. Second candle has breached the lower extreme of the last impulse of yesterday.

1) Shorted below the second candle low. Got 14.5 points.

2) Missed BPB of BRN Short. Thought that there maybe just another 10 points movement, as Nifty has already moved 38 points.  Missed 20 points trade.

3) Price consolidated for more than 3 hours and showed no signs of going up. Skipped BPB of RL/then LOD as RN was close.

4) Did not take LOD BOF as RN was too close. Further, past bitter memories of CT trades acted as a strong deterrent against taking this trade. 

Looks like big boys in action, with expiry just 2 days away.


 

24/11/2014,MONDAY

Outside Gap opening with trend. Was expecting a Range bound day.

1) Went Long @ BOF PDH. Entered before the price settled inside IR, trusting the BOF and the location. But momentum was missing. Exited at breakeven. 0 points.

2) Did not go Long, when the price returned to IR, as there was no space.

3) BO @ HOD failed. Was not interested in shorting this BOF, as trade will be directed into 2 flip zones in a narrow range.Hence stopped trading at 3.00 PM.

Was a choppy NR day.

21/11/2014, FRIDAY

Opened without Gap and suddenly spiked up. Could not capture this move.

1) Took a low probability FTC Short, trusting the exit of Longs. Scratched at Break even.

2)There was a TRAP signal,  followed by PP set up below BRN. Was not comfortable trading in to an all time high BRN in the closing session of Friday. Hence skipped Long above BRN.

3)  Price came inside BRN after 3.00 PM. Had skipped this as well, as it came too late.

HINDSIGHT ANALYSIS

Mistake of the day.

1) Should have marked the extreme of corrective wave as Range extreme. When Range is marked correctly thus, there is no TRAP. Instead TST/FTC signal can be seen which permits early entry.

20/11/2014,THURSDAY

Price moved within the last impulse of  yesterday for sometime, before breaking PDL.

1) Shorted BPB PDL. Did not go well. Gave 7 points.

2) After seeing TRAP below PDL, went Long. Expected the price to test BRN due to the exit of trapped bears. But that did not happen. Gave 6 points.

3) Did not take BPB BRN towards EOD, as this signal came bit late. Further PDC and HOD were sitting above.

19/11/2014,WEDNESDAY

Opened without gap.

1) Did not short IRL BPB as I wanted to wait till any one of  the extremes of the last impulse of yesterday to be breached.

2) Skipped BOF PDL, as the extreme of PDL has not been sufficiently penetrated. Further there was hardly 9 points space with RN.

3) Even after the extreme of PDL was broken, decided not to take BOF PDL, as  the order flow suggested that bears are absorbing all the buying and panic selling may start soon.

4) Shorted BPB PDL, though BRN Spot was close, trusting the strength of the move,below the then LOD. It was also a Pattern failure. Got 30 points.

5) Did not go for BOF or BPB at BRN, as  I had seen many trades at BRN failing towards the EOD, after a good move.

18/11/2014, TUESDAY

Expected  a Range bound day, as there was a big move yesterday.

1) Did not go Long above PDH, as I expected some consolidation before making new all time high.

2) Took only one trade.Went Long @ BOF  of LODL/TST of the RL of the last impulse of (MSP) yesterday, above RN. Did not move well. Scratched with 2.5 points.

No more trades

17/11/2014, MONDAY

Inside gap down opening just above BRN.

1) Did not short below IRL, as RN Spot was too close.

2) Low momentum move took the price upto BRN. Thought of going for a direct BO above BRN, but bitter memories of the past restrained me.

3) Could not enter subsequently, as PDC and PDH were closely located.

4) Did not feel comfortable trading into all time high. Hence skipped BPB PDH as well.

So no trades for the day.

 

14/11/2014,FRIDAY

Opened just above the upper extreme of the last impulse. Was expecting a Range bound day, as yesterday was a big move day.

1) Looked like absorption at BRN. Shorted below BRN. Gave 7 points.  It turned out to be BW around BRN.

No other good signals. Was not a good week.

13/11/2014,THURSDAY

Opened at the RH of the last impulse.

1) Could not capture the sudden vertical fall.

2) As PDL was above the consolidation, decided to take Long, only if  TRAP appears. In the recent past, whenever PDL was above the consolidation after vertical fall, price action had been choppy. Did not get TRAP and hence avoided Longs.


3) Took FTC  Long at LOD towards the end of  day half heartedly. Gave 9 points.

12/11/2014

Opened just above PDH.

1) Thought of going direct BO above IRH. Old bitter memories restrained me. Went Long on PDH BPB, though BRN Spot was too close. It looked like Type 1 trend day and was trailing at a safe distance. On seeing a big red candle, waited for one more candle. As price did not seem to move up, moved the TSL to the candle low to save 3 points. Price moved up after I had exited. Out  of my desire to save 3 points, missed 10 points. Net result - gave away 2.5 points.

2) There was a FTC Short opportunity. Skipped it as BRN Spot was too close. Further I was expecting up trend to resume after some choppy price action.

3) Lack of focus resulted in taking a stupid CT Long trade. Stopped  out. Gave 10 points.

4) Towards the end of the day, took another Long, as it looked like CPB. But it flattered to deceive. Scratched. 6 points.

Learnt a few lessons, the hard way

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11/11/2014

Opened exactly at the upper extreme of the last impulse of yesterday. First 3 candles indicated that bulls and bears are evenly matched. Lack of clear imbalance resulted in BW around BRN.

1) It looked like the buying getting absorbed above BRN. Waited for the upper Range extreme to be penetrated strongly to consider shorts. But price fell down without giving me a chance to enter.

2) Could not short BPB PDC, as RN Spot was too close.

3) Did not short below RN Spot too, as the lower extreme of the last impulse of yesterday, which is also a FZ was closely located.

4) PDC acted as a strong  Resistance. PDC BOF short could not be taken as price was moving in a channel.

5) Did not take BPB Long above PDC, as space with BRN was less. Further BPB would have been triggered only after 3.00 PM.

So, no trades for the day

10-11-2014

Opened without gap.

1) Did  not take BPB of PDH/BRN,  as the zone above BRN has been acting as a strong resistance for some time.

2) It was a good BOF of BRN/PDH/PDC.  There were too many levels, namely PDH/PDC/DO/lower extreme of the last impulse of the previous day. Could not fine the right place for entry in this 60 point vertical fall.

3) Initially was not interested in  taking BOF of the  LOD, as momentum was low.But nice engulfing candles projecting below the consolidation influenced me to go Long. Stopped out. Gave 9 points. But it was just an over shoot and price was in no mood to go down.

4) Again went Long at the same location. This time, it moved well. Got 22 points.

5)  It looked like a TRAP below PDH. It morphed into FTC set up. Did not take it, as it was nearing 3.00 PM.

7/11/14

Opened without gap.

1) Price fell down. Did not take BOF PDL long, as the penetration was less.

2) Shorted BPB PDL. Made a premature exit. Got only 8 points. Should have got at least 13 points more with better trailing.

3) Shorted BOF PDL. Stopped out. -8 points. In the hindsight, after checking Daveji's trades, could understand that the problem was in Range marking. I assumed that since PDL was too close, it could be taken up as the Range high. Had I marked the Range high below PDL,(as per the below chart) I would have waited for the price to come inside the Range before taking the trade. Thanks Daveji.

5/11/2014

Opened just below PDH with inside gap up.

1) Went Long on BPB of PDH. Expected price to at least BRN. Not to be. Stopped out. -8 points.

2) What followed was Absorption just below BRN. Took FTC short at the breach of consolidation low. Got 10 points.

3) Hesitatingly shorted BOF PDH, hoping that tomorrow being holiday, longs will be exiting. Stopped out. -6 points.Should have followed the good old rule of trading only at Range extremes, in case of NR days.

4) Did not short BOF BRN as it was already 2.55 PM. 

3/11/2014,MONDAY

WT outside gap up opening and got sold off. Expected a Range bound day, as the last trading day was a big move day.

1) Did not short IRL BPB, as PDH,PDC, RN and BRN spot were closely located.

2) Took PDH BOF Long after price had come inside IR. Had to exit exactly at the entry price. 0 points. Price didn't even test DO/HOD and this indicated that bears are in control for the time being.

3) Did not take the second PDH BOF, as the Range extreme was not broken.

4) There was a BOF at RH towards the EOD. There was a small consolidation bar on the way and expected the price to pause. But price fell down too quickly without letting me enter. 

No other trades.

31/10/2014

Opened with WT outside gap up.

1) Missed the Long above IRH, due to hesitation in taking the trade after WT outside gap up.

2) Did the mistake of the day, when shorted BOF BRN in haste. After 70+ up move, price will pause and consolidate, if at all it reverses.  Could not recognise this on time and got stopped out. -9 points.

3) Shorted BOF of RH. Got 7 points.

4) Again shorted BOF of RH hoping that critical mass will exit at week end. Stopped out.-7 points

MONTHILY REVIEW OF OCTOBER SERIES

Total No. of   Trades  -  12

Wins                          -   4                Wins %     -     33.3                    Wins points   -                       54.5

Tuition fee                  -    8               Tuition fee%   -    66.7               Tuition fee  points    -              64.5


                                                                                                                     Net                           10 PTS

30/10/2014,THURSDAY

MT4 charts switched to November series. So, had to use Bazar Trend chart.

1) BRN BPB was the first and the best signal of the day. Was not confident about entering at BRN on expiry day.Decided to sit on the sidelines and observe.

2) No other clear signals.

No trades for the day.

29/10/2014, WEDNESDAY

Outside Gap up opening.

1) First few minutes witnessed consolidation just above IRL. Placed a Direct BO Short order below IRL. But soon cancelled after the selling was bought into.

2) Did not take IRH BOF(or DO BOF), as there was no space.

So no trades for today as well. With expiry around, can't understand what's going on. Tomorrow, there may be some strong moves? 

28/10/2014,TUESDAY

Opened above the high of the last impulse of  yesterday.

1) Did not go Long above IRH, as it (IRH)  may not be clear to many traders.

2) Delayed taking IRL BOF Long, as I wanted a swing high for entry at/beyond the flip zone. Momentum was missing and hence skipped this trade even after getting the swing high beyond the flip zone.

No other  clear signals and hence no trades for today.

Was a choppy day.

27/10/2014, MONDAY

Opened with Gap up above PDH and found stiff resistance @ RN,8050.  IR was formed  above PDH..

1) Did not go for BOF or BPB of  IRL/PDH confluence, as momentum was very low. Further space was also less.

2) Did not take BOF BRN Long, as it came towards the end of the session. Further the penetration was hardly 2 points.

So no trades for the day.

22/10/2014

Out side Gap up. Was a BW around BRN throughout the day.

1) Shorted BOF of RH. Stopped out. -6.5 points. Took the trade too early. Was trying without any colour for up candle and down candles and this led to entry at a non existent swing low.

No more trades

21/10/2014

Inside  Gap up at the upper extreme of the closing range of  yesterday. Can be taken as BPB BRN.Low of first candle was not tested and it looked like a big up move on the way. But premium has reduced. Decided to enter Long after the formation of a clear swing high after BRN Spot was breached.When I got it, space was less with PDH. Missed the up move. Should have ignored BRN Spot and jumped in as  the up move has just started. It was a risk worth taking. Lesson learnt.

1) Did not take PDH BPB as zone around 7950 has been a strong Resistance.

2) Went for FTC short as the up move was showing signs of exhaustion. Got 27 points.

3) Went Long @ BOF of BRN.Did a silly mistake and made a premature exit. Got only 5.5 points.Realised my mistake and was trying to correct it, but my TSL was hit. A silly mistake and a fraction of a second delay resulted in not getting 28 points more.

4) Avoided FTC short above PDH, as the space was not there.

5) Avoided BOF of PDH, as it was against the exit direction of critical mass at the end of the day.

Placed the photos of kitten in my Blog. Seems to be a good omen!

20/10/14

Outside Gap up of 100+ pts.

1) After prolonged consolidation, price failed to break IRH/BRN Spot. Thought of shorting at the 3rd ( M shape) bottom. Hesitated and missed. That turned out to be the best signal of the day.

2) Did not short BPB of BRN, as addition in 7900 PE was too good to be ignored.

3) Looked like BW at BRN. Still the chances of an explosive up move, if  the trapped traders exited, made me take the risk and go Long. Stopped out. -9 points.

No more trades for the day.

17/10/2014

Inside Gap up opening.

1) Wanted to go Long at strong PDL/PDC BOF. Expected IRL to act as FZ after 20+ points move below. Hence wanted the price to settle inside IR to let me enter. Missed this good signal.

2) Took BPB BRN and got stopped out. -6.5 points.

3) Thought that the BOF will be pretty strong and took that too. Again stopped out.  -6.5 points.

It is a problem reading the price action on Fridays and other days before holidays. Needs to work on this.

16/10/2014

Opened with  INSIDE Gap down and soon shot up.

1)Shorted PDC/BRN BOF. Got 8.5 points.  First candle was OPEN LOW candle and hence was not sure where Range Low will be formed. Closely trailed and exited when price stalled near RN Spot. 

2) Price consolidated in a NR for a long time. There was a BOF @ RH followed by one at RL. Went Long above RH. Stopped out. -6 points. 

3) There was a strong BOF at PDL. Did not take it, as there were 2 strong FZs above. Was right.

4) TRAP above PDL resulted in PDL getting broken. Felt that PDL will hold. Further BRN Spot was close. Hence did not take this short. But this moved well. Shorts went off well today.

14/10/2014

Opened with Gap up above PDH and soon got sold out resulting in a vertical fall.

1) After the fall, price pulled back beyond BRN and it looked like BOF. Didn't take it as there was a strong chance of consolidation. But this move went off well forming a new LOD far beyond the earlier one.

2) PDC/BRN resisted the retracement. Shorted the second BOF   at BRN, though its extreme was inside as opposed to previous BOF. Looked like HNS and there must have been lot of orders  at the previous swing low. Did not move well. Got 1 point. It turned out to be BW.

3) BOF of PDH was pretty strong. Could not find the right place for entry.

No other trades

13/10/2014

New week opened with a WT outside Gap down.

1) Marking of IRH was wrong. Shorted BOF of IRH. Stopped out. -5.5 points.

2)Price moved above IRH. As it was a strong flip zone in Hour time frame, did not go Long here. But price moved up well. Completely misread the price action. As Daveji mentioned price has hit Day time frame flip zone and reversed.

3) Did not go Long at BPB BRN, as I wanted to see candle bodies on the BO side. When strong BO happened, it came too close to BRN SPOT, preventing Long.

4)Third attempt to break HOD/BRN Spot  failed and it looked like BOF.  Thought that there will be exit of critical mass here and shorted. Not to be. Got   5.5 points.