01/07/2015, WEDNESDAY

Was a type 1 trend day. Big boys were on a shopping spree. Market was not in the control of day traders. Set ups that work well on other days are of no use on these kind of days.

1) Longed at CPB. Got 12 points.

2) Longed at TRAP.Got 4 points.

 

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. 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.

11/06/2015, THURSDAY

Could not capture any big moves.

1) Shorted TRAP. Target not met. Got just 7 points. 

2) Shorted BRN BPB. 2.21 candle indicated bulls getting trapped. Kept the short order at SWING LOW, XX97.70 and wanted to pre pone the entry after waiting for another candle to see whether bulls fight back.  Didn’t get a better entry. Got 11 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. 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.

29/04/2015, WEDNESDAY

1)Shorted IRL/RN BPB. Got 8 points.

 2)Skipped the Long, as IRL and PDC were closely located. But this  up move went well.

 3) Shorted BRN BOF Got 8  points.

4) Went Long just below PDH, hoping that PDH will be broken, as price has been accepted above BRN. Paid the price for indiscipline. Gave 12 points.

5) Shorted @ TRAP. This went well. Got 33 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.

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.

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.

18/09/14

Gap down followed by a strong rejection at PDL.

1) Waited for a clear swing low before attempting anti gap trade and missed the most important move of the day. Only those who could jump in on seeing the strong rejection followed by  inside bars could have taken this trade.

2) There was a TRAP just in front of the second BRN. Did not take it as the space with BRN was less. Did not take the BPB of BRN too, as already Nifty hs travelled 140 points.

So no trades for the day. 

20/03/2014, Thursday

1)  Gapped down below PDL.  Entered direct BO below IRL on seeing LH. Price had gone down below IRL, just a moment before the order could be placed.   So missed a trade, which would have given some minimum profit.

2) BOF/BOF:

BOF of RL occurred. So should have expected IRH to get broken. Instead, shorted on seeing a nice pinbar, which very much looked like a BOF. Paid with SL.

3) BOF/BO/BOF:

Price consolidated just below IRH for more than an hour. Order accumulation above IRH pushed the price in a jiffy to PDL. Lack of buying above PDL resulted in BOF. Shorted at the breach of swing low below IRL and made a small profit.

Should have trusted the strength of BOF of PDL and shorted at the breach of first swing low after BOF(above IRH) and  gained more profit.

4) BOF/FTC: Ignored this trade rightly. Move originating from a BOF was stopped by a FTC setup. Due to want of trapped traders, there was no order flow in the reversal direction. Hence price moved in a tight range for an hour.

5) TRAP: BOF of MSP was a good signal. But swing low was formed only below IRL. As the space with DL was very less, skipped this trade. It was the signal of the day. Could see the strength of  TRAP setup today.  Missed 20 points.

Scoresheet.

Right trade: 1

Wrong trade:1

Missed trade: 1

Delayed entry: 1   

Net Result: No loss No gain