30/1/15, FRIDAY

Could not trade in the first hour, as Net connectivity was an issue. Aggressive traders would have shorted BOF PDH.

1) Wanted to short below MSP. Hesitated as already 60+ move had been completed. It moved well. 100 points move is commom these days and must change my views accordingly.

2) Was waiting for the eventual fall. Where and when were the billion dollar questions.Hesitatingly shorted after 3 attempts  to move above BRN failed. As it was lunch time, had some doubts, whether the volume will be sufficient to trigger further fall. Stopped out. Gave 8 points.

3) Volumes returned after 1.30 Noon and the unavoidable fall happened after the last ditch effort by bulls failed. Waited for PB and got it after a major part of move was over. Sorted LOD BPB and got 10 points.

Results of PSU Banks seem to have triggered this fall.

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.

29/01/2015,THURSDAY

Bias was bearish, initially.

1) Skipped PDL BPB @ DO, as I didn't want to direct the trade at RN on expiry day.

2) Skipped PDL BOF Long also, as it was CT.

3) Shorted BOF of IRH. Got 7 points.

4) Again shorted LOL BOF of BRN/PDC, after the price settled inside IR. Didn't move well. Gave 2 points.

Stopped trading at 1.30 Noon, as Expiry volatility may unfold at any time.PDL acted as a very strong support and it got stronger and stronger during the course of the day, resulting in HLs.


Full day chart for reference:

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.

28/01/2015, JANUARY

Bias was bearinsh in the first hour, as the price opened and remained below PDC.

1) Wanted to short BOF PDC. As the rejection was not strong enough to go for a blind short, waited for a clear swing low. Entry swing low was available only in the middle of the range with less space with LOD. Hence could not take it.

2) Was not prepared to change bias to bullish, when price broke out PDC. It was a pattern failure, and should have longed above the then HOD.Missed a good trade.

3) Skipped PDH BPB, as I was not comfortable trading into all time high.

4) Longed @ BOF LOD/BRN confluence. Stopped out. Gave 7 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.

27/01/2015,TUESDAY

Opening at PDH, Nifty faced strong selling pressure.

1) Placed a direct BO order above PDH on seeing the price consolidate just below that level for more than 30 minutes. But it turned out to be Absorption and my order was not filled.

2) Was having some issues with RT Charts. Decided to sort this out before taking any more trades. Hence could not take anyone  of  the 3 signals, namely TST LOD/BPB PDH/BPB BRN. 

So no trades for the day.

SPECIAL THANKS TO LAKSHMI NAGARAJAN(http://rajudptrades.blogspot.in/), who has been helping me big time over the last few days to help me set up datafeed from Nest to Amibroker.

Hopefully from tomorrow onwards, I can enjoy the luxury of  Amibroker charts.
 
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.

23/01/2015,FRIDAY

Opened with outside Gap up, which has become a routine nowadays.

1) Could not find any established Range extreme to initiate trades. No fixed DPs were also there. Price did not revisit LOD/HOD.  So very difficult to initiate any trade.

2) Thought of shorting below RN. Decided against it on seeing the congestion of candles below RN.

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.

22/01/2015,THURSDAY

Another Gap up. Was not interested in taking upRBPB Longs. Was looking for TST/BOF @ RL.

1)Longed @ TST/RL. Gave 2 points.

2) Longed @ BOF/RL. Gave 6 points.

Was  a choppy 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.

21/01/2015,WEDNESDAY

Did not trade today, as there are some problems with  MT4. Futures chart was replaced by Spot chart, duen to reasons unknown.

Was not comfortable with Zerodha charts.

20/1/2015, TUESDAY

Again outside gap. Except the initial few minutes, volume was not too high.

1) Longed @ BPB of RH. Got only 4 points.

2) Was looking for TST/BOF signal  @ RL. Didn't get it.

3) Thought that the Resistance at the then HOD was too strong. But volumes increased significantly after 1.30 Noon. Skipped BPB Long above RN, as the trade is directed into all time high level. What a move, it was.

Have to learn a lot more.

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.

19/01/2015,MONDAY

Opened with Gap up.

1) Skipped IRH BPB Long, as the momentum was missing.

2) Longed @ BOF of IRL. Stopped out. Gave 9 points.

3) Skipped BOF PDH Long, as I didn't expect the price to move up. This choppy move reached the target.

4) Was looking for BOF at the extremes, as the Range was very narrow. Didn't get it.
 
It was a choppy 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.
 

15/1/2015, THURSDAY

Opened with a very big CT Gap up.

1) Was getting sold out from DO, slowly and steadily. Marking the IRL was getting delayed. Finally consolidation bar was seen at BRN Spot, followed by BOF. Hesitated and missed this.

2) Price was resisted at  @ BRN for a long time. Took a stupid CT short trade in haste assuming that 3 attempts to BO had failed. Stopped out. Gave 11 points.
Must have waited for 3 candles after the formation of swing low to confirm that the swing low has been fully completed, for taking such CT trades. In this case, I had waited for just 1 candle after the formation of probable swing low. Price moved up nicely after filling my short.

3)Did not long @ BRN BPB, initially as I thought that the up move is getting exhausted.

4) Longed @ BPB BRN at XX29 after 3 attempts to go below BRN failed. Got 26 points. Exited as soon as I saw the pinbar above RN.


WISHING EVERYONE A VERY HAPPY PONGAL AND MAHASANKARANTHI

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.

13/01/2015, TUESDAY

Opened above PDH and got sold out, till getting supported just above MSP. Price didn't come above PDH, which means both all favorable longs and shorts can be taken.

1) Longed, hesitatingly @ TST LOD, despite of seeing LHLL. Gave 2 points.

2)Skipped  BOF LOD, as I thought that LHLL formation will resist the upmove. Was wrong.

3) When price fell below PDH, was looking for a PB to short. But price fell too quickly. Should have placed a direct BO Short.

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.

12/1/2015, MONDAY

First candle broke MSP and RN Spot, but price found a solid support there.Soon price went inside the range of the previous day.

1) Did not long, after price settled above BRN, as PDC was too close.

2) Several attempts to push the price above BRN failed. Thought of placing a direct BO order below BRN. Hesitated and didn't do it.  Eventually price broke BRN strongly.
Shorted BPB BRN just above LOD. It was a low probability trade as space was very less. Closely trailed and scratched with 5.5 points.

3) Did not place a direct BO order beyond PDH as BRN Spot was too close. Further RN has acted as a very strong resistance in the recent past.

Very difficult to trade when BRN is in the middle of the Range of  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.

09/01/2015, FRIDAY

Did not trade today, as there was no power in my neighborhood.

Opening with a WT outside gap up, market turned volatile, in the second half. Infosys results had anything to do with volatility?



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.

08/01/2015, THURSDAY

Opened with CT outside Gap up.

1) Was looking for an opportunity to Long. Missed BOF BRN Long, as momentum was less.

2) Continuous HL was pointing to the impending BO of IRH.  Strong BO ensured that I could make the BPB entry only beyond RN. My SL was 2 points below RN. After retracing more than 20 points and stopping me out, price continued its journey. Bad luck. Gave 6 points.

That was the only trade.

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.

07/01/2015,WEDNESDAY

Today's price action can be termed as a big BW around  PDL/RN  throughout the day. Price was moving between 8170 and 8130 for a  major part of the day, barring the overshoots @ DO in the top and at the bottom at noon.

1) Skipped PDL BPB Short @ DO, as the price remained above PDL for a little longer time.

2) Shorted BPB PDL on the next attempt below BRN Spot, after price could not move above the upper extreme of the last impulse. Scratched. Got 5.5.points.

3) Expected choppiness, as price tried to move above PDL after the fall. Placed a Long order after  something like TRAP was seen.Actually the price had reached the Range extreme and I compared this Range extreme with a swing low inside the Range and mistook it as TRAP. Cancelled the order in time.

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.

06/01/2015, TUESDAY

Bears' day out!

1) Hesitatingly took CT BOF Long @ LOD. Got only 2 points. As the orders were not getting executed due to connectivity issues, was nervous till exiting this trade.

2) Shorted after the price failed to settle beyond RN after 3 attempts. Got 40 points. Should have got more points with better trailing. This is an area, which needs improvement.



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.

05/01/2015,MONDAY

Was expecting a Range bound day, as the previous day was a big move day.

1) Skipped BPB PDH Long, as the rejection at this level at DO was very strong.

2) Shorted BOF PDH, but this  order was not filled.

3) 2 fluid moves followed, but could not ride them as RN and BRN Spot were in the middle.

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.

02/01/2015,FRIDAY

@ DO, it looked like BPB PDH. Was waiting for PB to go Long. But price touched BRN traveling  45 points in no time.

1) Skipped BPB BRN Long, as I expected consolidation before further movement. Was wrong. Another slow and steady 50 points up move unfolded.

2) RN acted as RH. Skipped BPB above RN, as BRN Spot was too .Soon, 90+ up move was over. Could not find the right place for entry .

3) Skipped the short, as price started falling, probably due to exit of longs in profit. Already burnt my fingers, on a few occasions taking CT trades on a strong Trend day.

So no trades for the day. Must check how others have traded today.

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.

1/1/2015, THURSDAY

Did not trade today, as I was busy with some personal work.

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.