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.

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.

09/10/14

CT outside Gap up. Could not capture the initial up move.

1)Could not short BPB of NR, as RN was too close.

2)Expected RL of  NR to act as flip zone and push the price down towards LOD. But price was consolidating just below FZ. Looked like TST pattern failure or TRAP. Went Long above the swing high.  Got  27  points. 

3)Shorted BOF of BRN. Gave -6.5 points.

4) Thought that it was another pattern failure (BOF) or TRAP. It also looked like complex BO pull back in making.  Placed a buy order above HOD. But BRN resisted, rising doubts of a BW. So cancelled the order.

11/08/2014

Gap   -  CT outside up . Initial Movement – down  Similar situation was seen on 23/07/2014.

1)Narrow  IR  was formed.  Was not sure what must be the bias as  Gap and initial movement were in the opposite direction. So decided to take strong BOF trades only, initially, as BO and BPB are not wise options in such a scenario.(went for a direct BO long and got stopped out on 23/07/2014)

Hence skipped BPB of IRL, though price didn’t retrace back into the Range after BO. Another reason was the presence of  BRN, just  7 points away, (from the entry swing low) followed by PDH,BRN and PDC.

2) There was a BOF at LOD only after 3.00 PM, the best signal of the day. Could not take it due to want of margins.

So, no trades for the day.