Showing posts with label First day of New contract. Show all posts
Showing posts with label First day of New contract. Show all posts

Friday, March 27, 2015

27/03/2015, FRIDAY




1) Shorted IRL BPB on seeing a nice pinbar at IRL. G0t  7 points.

2) Missed the big fall. Shorted at BRN, as price retraced. Expected the price to test LOD. It turned out to be a rare V shaped recovery. Got 4 points. 

3) Shorted just above RL.  Trailed tightly and exited, when the second attempt to move down failed. Got 1 point. It morphed into BOF and price moved up.

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.
 

Friday, June 27, 2014

27/06/2014, FRIDAY

Didn't trade today. Had to attend to my Business. In the hindsight, it was a good day to miss. Could observe a few interesting things.

1) It is always better to use the Spot chart on the first day of a new series.

2) Range extremes and Major swing high/low in the closing session of the previous day MUST be regarded as FTA in the opening session.  Entries can  be  considered only beyond these levels in the opening session. After the opening session, levels of closing session of previous day can be ignored.

Friday, February 28, 2014

28/02/14, FRIDAY




First day of a new contract.  Marked PDH.PDL and PDC after adjusting the premium. That was the first mistake, as all the markings were wrong.Should have taken the March -14 chart and marked the PDH, PDL and PDC as they are.(as Rajeshji had done)  
Secondly,  was looking only for short in the afternoon, as I expected the swing traders to exit their positions, as today is Friday. Was unaware that yesterday being the expiry day, all the swing traders would have exited yesterday. Took the FTC short and paid with SL.
Market was very very choppy throughout the day. Rules must be framed for the first day of a new contract.