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.

Wednesday 30 April 2014

Intraday Trades - 30.04.2014

Intraday: Mkt zoomed in the morning. Stayed out as no reliable signal.
1) Long on the BPB above RH, as Close was also outside BB. ended with my SL
2) Short on the break of PDH. Closed it too early at the Range on BRN.
No further trade.. although there were few BPB signals, but R:R wasn't good for me.. Didn't make much of a 100 pt fall..

Tuesday 29 April 2014

Intraday Trades - 29.04.2014

Intraday: Mkt made a fast downmove just after opening. No reliable signal to enter. Waited at sidelines. price made a Hammer on LBB in ranging mkt. Waited to enter long after such a downmove. I was expecting TRAP at  RH. Price broke RH & stayed there for a while.
1) Long on the Break of RH. Closed at a Tag on UBB at PDL.
2) Short on the break of MSP, as the bias was negative. Trade didn't work as expected instead triggered as a TRAP eating my SL.
3) A Short on the BOF of BRN & PDL. Closed at RL. Quick 15 pts in options.

Monday 28 April 2014

Intraday Trades - 28.04.2014

Intraday: A Ranging market..
1) Long on the BOF of BRN. Clsoed with SL, when it didn't reach PDC.
2) Long on the break out of PDC. Closed at Break even. I was expecting to act it fast upwards.
3) Short on BOF of PDC. Closed at Tag on LBB.

Lets be Financially Free !!

What is Financial Freedom : 
- To have Millions in your account ? 
- To Earn handsomely .. every month ?
- To have n number of Real Estate - plots ,flats ?
- Luxurious Cars, Big home ?

Will you be free not to earn after all these ? I believe -NO.

It will only create more Greed, more Fear like in Trading. 

For me,  To Earn enough Passive Income to live the Lifestyle, I Desire is my Financial Freedom. We need PASSIVE Income model (Money making money) for us to be financially free.

Suppose, i need 100,000 Rs every month to live my desired life, so i must have inflow of 100,000 in my account every month without my involvement..

Trading is a tool to earn INCOME to grow your Financial Freedom Account. One can't earn from Trading, if he doesn't get hard money Out of the market. Market is designed to make you feel more greedy & keep earning Soft Profit & when required, it takes Hard money loss from you. So, generally, one ends up in Loss even after Good Winning percentage. Trading must pay you each & every month. 
But for what, How it can be achieved? - Rent, Stocks, Dividends, FD, PF, PPF, Royality & so on .....
Don't get me Wrong. Trading is indeed inevitable for me, as it has huge Profit potential. But as my main motive is to be Financially Free, so i am removing all my Profits every month from my trading account till My Golden Goose starts hatching its Golden eggs...

Starting this month from 2 lots again...

Friday 25 April 2014

Intraday Trades - 25.04.2014

Intraday: Today open = High almost. A clear Bearish bias.
1) Short on break of 5 min candle. Ended with my SL as mkt become ranging.
2) A Long on Hammer on LBB. waited too much to get out at a Tag on UBB.
3) A very good short on a Hammer on UBB & PDL. Couldn't take due to my crappy net connection. Should have booked at second push to BRN.

Wednesday 23 April 2014

Intraday Trades - 23.04.2014

Intraday: An Expiry day, was not planning to take any trade, but deviated from my plan & took 2 trades.
1) Short on the BOF of PDH. My bad judgement caused my SL.
2) Long on the same taking it as a BPB. My SL was below hammer formed, which was taken in few candles.
There was a BOF of RH & BRN, but No further trade..

Tuesday 22 April 2014

Intraday Trades - 22.04.2014

Intraday: A totally Ranging market. Took 4 trades & all in options-
1) Long on BOF of PDC & the break of Day's open after Pullback. I expected it to hit PDH, but got out with 5 pts when mkt refused to go beyond today's high.
2) Short on the break of Big green breakout candle taking it as a BOF. ended with my SL. Nifty formed a Barbered wire at Day's OPen (so omited that line for clarity).
3) A Long on the Tag of LBB near PDC. Ended with my SL.
4) Again a Long on the BOF of PDC. This was seeming to go beyond PDH, but a Doji as a Tag on UBB warned me. Managed to get out with 12 pts.
No further trade..

Monday 21 April 2014

Intraday Trades - 21.04.2014

Intraday: Mkt Opened Gap up. My charts are slightly different as they are May NF charts.
1) Long on the BOF of Range low. moved SL along with pivots & ended with 3 pt SL. Didn't attempt another BOF as mkt was ranging in a short span.
2) Again a Long on the breakout as it was big consolidation. Closed at a Tag on UBB with 17 pts after the break of hammer.

Thursday 17 April 2014

Intraday Trades - 17.04.2014

Intraday: I was expecting a bounce but not that much..
1) Long on the BOF of Range Low & a Tag on LBB. Closed at my SL.
2) Again a Long on Tag. Closed at around 6755, when mkt formed a range.
3) A long on pullback with a Tag & pivot break. Closed in the range before BRN near 6785.. I should have sit till the end.

Wednesday 16 April 2014

Intraday Trades - 16.04.2014

Intraday: Was having Bearish bias today due to upcoming holidays. Mkt opened below PDC & i was expecting a BOF from there, but a sharp upmove came with no signal to enter.
1) Long on the Pullback to PDC with rising MBB. Closed at the Tag on UBB.
2) Short on BOF of Day's High. Closed when price formed a range at PDC.
3) Again a Short on break of PDC as continuation of earlier BOF. Closed in the second green candle forming a range.
4) Another probable short on BOF of range high, which i didn't take as it was already 3.

Tuesday 15 April 2014

Intraday Trades - 15.04.2014

Intraday: Was having Bullish bias today due to Infy results. But market crashed from the morning. Didn't get any reliable signal & was left out from the entire big move..
1) Entered Short on the Hammer on UBB. Closed at Tag on LBB.
2) Entered Long on double Doji break of LBB. SL hit.
3) Another Long with a strong Bullish candle as BOF of range low & Tag on LBB. Closed when a Tag formed at PDL.
Was a BOF short in the last, but didn't trade due to time constraint.

Friday 11 April 2014

Intraday Trades - 11.04.2014

Intraday: US 250 pts down. A negative bias. Took shorts only & got chopped beautifully-
1) Short on the break of Initial Range with Close OBB. No Follow up. SL hit.
2) Another Short on Hammer on UBB. Mkt moved fast up jumping my SL. cancelled the order & waited patiently. Got out at Breakeven.
3) Another short on BOF of BRN. I was expecting a lot this time, but again closed at my SL..

Thursday 10 April 2014

Intraday trades - 10.04.2014

Intraday: A very choppy day. I was having positive bias today & gave my SL in all 3 trades-
1) Long on the BOF of Initial Range. Came out at Breakeven, when it came back below MBB.
2) Again a long at 2nd Pullback as MBB was up. Thought it as a TRAP pattern. SL hit in Big Red candle
3) The last long on BOF with a Hammer on PDH, SL hit at a fast Red candle.
Moved down fast in the end to day's Low but No further trade..

Wednesday 9 April 2014

Intraday Trades - 09.04.2014

Intraday: After Open, Mkt moved down. Didn't find any suitable entry downside.
1) Long on the break of MSP & Close above MBB. Good entry, but too Bad Exit. Exited at Day Open without any signal with few points and lost the entire upmove..

Monday 7 April 2014

Intraday Trades - 07.04.2014

Intraday: A good day with both type of trades. Took 2 trades
1) A Short on BPB of PDL.  No Signal to close till a Hammer.
2) A Long on BOF of BRN. Closed it shortly with few pts.

Friday 4 April 2014

Intraday Trades - 04.04.2014

Intraday: As per me, Mkt is in correction mode, so will either consolidate or will go down for 2-3 days. Daily TF MSP is too low to be broken. A Pivot needs to be made here. Was Bearish Today, but mkt didn't give any oppportunty in the morning & stopped at PDL.
1) Long on BOF & FTC after a Consolidation. Closed with sharp Red candle.
2) Took a Risky short as BOF as price was immediately rejected from PDH. Got out with few points in consolidation with few points.
3) Another Short on retest of range low. It was already 3:00, so covered with 1st bullish candle at PDL with no profit.

Thursday 3 April 2014

Intraday Trades - 03.04.2014

Intraday: A sharp down move started the Day. Kept looking to enter, but no reliable signal found.
1) Short on the break of PDL after a Pullback. It didn't move as expected. Closed at no loss.
2) Long on the BOF of PDL after a close above MBB. Was trapped & ended with my SL.
3) Again a Long on BOF of Day's low. It started good but ended Bad with my SL.
No further trade..  a Good day with Bad trades..

Wednesday 2 April 2014

Intraday Trades - 02.04.2014

Intraday: My Internet was not working yesterday, so didn't trade. Today, as the PDH was still intact from 2 days, I was having Bearish bias.
1) Took a Short on the pullback as Tag of UBB & PDH. it followed with a Close outside BB, so waited for further move. Stopped out at my SL.
2) Again a Short at FTC & Pivot break of PDH. Closed with 5 pts.
3) A good test of PDC with 2 Tags on LBB made me enter Long. A tag made me dubious, but price didn't take my Sl & i closed in the session's end.