I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Friday 14 February 2014

Intraday Trades - 14.02.2014

Intraday: Mkt gap up in the morning & was slow. Was expecting to stop at PDL & it stopped at BRN. waited to form a Range. A BOF happened at UBB with Close outside, then a TAG & finally an FTC of UBB.
1) Short on close below MBB and Day's Open. Closed at Hammer at PDL as 2nd attempt failed to go beyond PDL.
2) A fast reversal with Strong Bull candle after Pullback. Long when closed above MBB & then started again towards north. Closed in the end.

4 comments:

  1. Hi Sir,

    I am silent reader of your blog...and every day eagerly waiting for your post after trading....could you pls let me know..approximately...how may nifty points are gaining per month.

    Thanks,
    Raghu

    ReplyDelete
  2. Hi,

    My Target is average 20 pts a Day in NF or 10 pts a Day in Options (i trade options in 2nd half of the month till expiry). With Increasing Lot Size, one can Double the Principal Amount every month.
    I am making it consistently..

    Thanks,
    Deven Malhotra

    ReplyDelete
  3. To add -
    Don't go by Targets of another trader, specially if you are in the beginning of Trading career.
    The Results does not depend on the system, it depends on, how you trade that system. With same system, two traders will get different results. so focus should be on executing the system flawlessly with belief.
    Use the system with your own style and the way u r comfortable with..

    Thanks,
    Deven Malhotra

    ReplyDelete
  4. Hi Sir,

    Thanks for your information...

    This is not targeting another trader.....just to know the result of the strategies...

    Thanks,
    Raghu

    ReplyDelete