2/2/2015,MONDAY

Bias was bearish @ DO.

1) First candle showed strong rejection. Price couldn't stay above PDL. Second candle indicated that buyers are also strong at that level. Took a chance and shorted below the first candle. Stopped out. Gave 10 points.  Should have waited for PB, once I started doubting. Lesson learnt.

2)BOF @ IRH was a strong signal. Skipped it as the space with PDL was hardly 10 points. Further too much of congestion was around PDL.

3) Strong momentum move launched the price above BRN. Waited for TST @ RL to long. But it was broken down.

So no more trades. Very difficult to judge the price movements. 

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. 

09/09/2014

No gap . Initial movement – Down.

1) Did not short BPB of IRL, as there was a strong flip zone around 8163.(Yesterday, this zone acted as a very strong resistance, before being breached after many attempts)  

2)Price consolidated in a narrow range below IR for a long time. Shorted BOF of this Range high. Expected it to move well below the then LOD. Didn’t.     Got 5 points.

3) Did not take the next BOF at the same spot, as there was too much of congestion in the middle of the Range.

Could not find any other clear signals. It was an NR day. BO  tomorrow?

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.