24/06/2015,WEDNESDAY

1) Avoided CPB Long, as the PB went on too deep for too long.

2)Shorted after price failed to move up after 3 attempts. Was trapped in the chop. Gave 5 points.

Price started moving in a channel. Didn’t take any other trade, as price was chopping around, trapping longs and shorts.

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.

20/05/2014, TUESDAY

1) Gapped up, pulled back and soon IRH was broken. Price had an easy ride till being resisted just in froNt of RN. First candle had a long upper tail. ST clarified in his blog that candles 5,6,7 and 8 indicated that orders are resting near DO only. Except ST, most of others may not have taken this trade.

2) There was a good opportunity to short below PDH and there was a nice swing low too. Had gone out to take Breakfast and hence missed this trade.

3) Price was twice resisted at BRN and it looked like BOF. Yesterday's lessons warned me of the trading into the chop and rightly didn't take them.

4) BPB of BRN was a good signal with a clean swing high. Skipped it as it was already 2.35 PM.  Today is the day of fluidity. A good example of how price moves easily in fluid conditions like knife in butter.

So no trades for the day.

19/05/14,MONDAY

1) Gapped up and soon fell down. Went Long on LOL BOF of PDL/PDC. Exited in a hurry on seeing a huge pin bar with just 6.5 points.

2) Shorted BOF of BRN twice and got stopped out on both occasions.24 points lost.Was not aware that shorting into the chop. Up move from PDL to BRN was quite choppy and price moved in a channel, as it
neared BRN. An important lesson learnt.

BOF of BRN seems tricky. Better to avoid it for some time.

A bad day.

6/5/2014, TUESDAY

1) Gapped up and opened above RN. First 2 candles showed huge rejection at the top and they formed the IRH. BOF of IRH at 6th candle. Was not aware of this. Only after seeing ST's blog, could spot it.

2) Strong BOF of RL. Took this CT trade and exited with 2.5 points loss. Was not aware that, should not take CT trades when there is choppiness and too much of congestion, as price moves through a fluid smoothly where as price will struggle to cross such congestion. If at all you want to take CT trades, wait till price crosses the congestion zone and then enter. Got this precious knowledge from ST's answer to a Nifty Nirvana blog mate.

3) BOF of PDC was a good signal. Placed an entry order. But cancelled it as the time was 2.40 PM. Till 

I win consistently and boost up the available margin, can't take these orders.

07/04/2014, MONDAY

1) No Gaps. Initial move was in the upward direction. Didn’t go “Long”, as PDH was nearby. 

2) Price fell down without testing PDH.  Expected the price to be supported at PDC, which happened to be a strong confluence of BRN Spot and IRL. The confluence was easily broken. Didn’t ‘short’ here, as PDL was closely located.

3) Shorted the PB of PDL. Got 8 points. Should have got 10 more points. Trailing was not done as per the plan. This is an area, which needs to improve.

4) FTC at Day Low was followed by consolidation. Went Long above the highest swing pivot. Scratched when price fell below the entry candle low.  Gave away 3 points. Here should have waited till the swing pivot got broken and entered at PB. Had it been a MSP BOF, would have lost more.

5) Market was quite choppy thereafter. Didn’t take TRAP Long, as it was already 2.45 PM and the margin was not sufficient to trade after 3.00 PM