15/1/2015, THURSDAY

Opened with a very big CT Gap up.

1) Was getting sold out from DO, slowly and steadily. Marking the IRL was getting delayed. Finally consolidation bar was seen at BRN Spot, followed by BOF. Hesitated and missed this.

2) Price was resisted at  @ BRN for a long time. Took a stupid CT short trade in haste assuming that 3 attempts to BO had failed. Stopped out. Gave 11 points.
Must have waited for 3 candles after the formation of swing low to confirm that the swing low has been fully completed, for taking such CT trades. In this case, I had waited for just 1 candle after the formation of probable swing low. Price moved up nicely after filling my short.

3)Did not long @ BRN BPB, initially as I thought that the up move is getting exhausted.

4) Longed @ BPB BRN at XX29 after 3 attempts to go below BRN failed. Got 26 points. Exited as soon as I saw the pinbar above RN.


WISHING EVERYONE A VERY HAPPY PONGAL AND MAHASANKARANTHI

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.

13/01/2015, TUESDAY

Opened above PDH and got sold out, till getting supported just above MSP. Price didn't come above PDH, which means both all favorable longs and shorts can be taken.

1) Longed, hesitatingly @ TST LOD, despite of seeing LHLL. Gave 2 points.

2)Skipped  BOF LOD, as I thought that LHLL formation will resist the upmove. Was wrong.

3) When price fell below PDH, was looking for a PB to short. But price fell too quickly. Should have placed a direct BO Short.

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.

12/1/2015, MONDAY

First candle broke MSP and RN Spot, but price found a solid support there.Soon price went inside the range of the previous day.

1) Did not long, after price settled above BRN, as PDC was too close.

2) Several attempts to push the price above BRN failed. Thought of placing a direct BO order below BRN. Hesitated and didn't do it.  Eventually price broke BRN strongly.
Shorted BPB BRN just above LOD. It was a low probability trade as space was very less. Closely trailed and scratched with 5.5 points.

3) Did not place a direct BO order beyond PDH as BRN Spot was too close. Further RN has acted as a very strong resistance in the recent past.

Very difficult to trade when BRN is in the middle of the Range of  the day.

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.

09/01/2015, FRIDAY

Did not trade today, as there was no power in my neighborhood.

Opening with a WT outside gap up, market turned volatile, in the second half. Infosys results had anything to do with volatility?



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.

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.

07/01/2015,WEDNESDAY

Today's price action can be termed as a big BW around  PDL/RN  throughout the day. Price was moving between 8170 and 8130 for a  major part of the day, barring the overshoots @ DO in the top and at the bottom at noon.

1) Skipped PDL BPB Short @ DO, as the price remained above PDL for a little longer time.

2) Shorted BPB PDL on the next attempt below BRN Spot, after price could not move above the upper extreme of the last impulse. Scratched. Got 5.5.points.

3) Expected choppiness, as price tried to move above PDL after the fall. Placed a Long order after  something like TRAP was seen.Actually the price had reached the Range extreme and I compared this Range extreme with a swing low inside the Range and mistook it as TRAP. Cancelled the order in time.

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.

06/01/2015, TUESDAY

Bears' day out!

1) Hesitatingly took CT BOF Long @ LOD. Got only 2 points. As the orders were not getting executed due to connectivity issues, was nervous till exiting this trade.

2) Shorted after the price failed to settle beyond RN after 3 attempts. Got 40 points. Should have got more points with better trailing. This is an area, which needs improvement.



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.

05/01/2015,MONDAY

Was expecting a Range bound day, as the previous day was a big move day.

1) Skipped BPB PDH Long, as the rejection at this level at DO was very strong.

2) Shorted BOF PDH, but this  order was not filled.

3) 2 fluid moves followed, but could not ride them as RN and BRN Spot were in the middle.

So no trades for the day.

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.

02/01/2015,FRIDAY

@ DO, it looked like BPB PDH. Was waiting for PB to go Long. But price touched BRN traveling  45 points in no time.

1) Skipped BPB BRN Long, as I expected consolidation before further movement. Was wrong. Another slow and steady 50 points up move unfolded.

2) RN acted as RH. Skipped BPB above RN, as BRN Spot was too .Soon, 90+ up move was over. Could not find the right place for entry .

3) Skipped the short, as price started falling, probably due to exit of longs in profit. Already burnt my fingers, on a few occasions taking CT trades on a strong Trend day.

So no trades for the day. Must check how others have traded today.

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.

1/1/2015, THURSDAY

Did not trade today, as I was busy with some personal work.

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.