Intraday Trades - 30.12.2015

Intraday: Year end ranging mkt. Nifty moved in-between PDH & PDL whole day. Two ranges working from last 3 days. Spotted 3 opportunities today.
(1)  BPB of RL, but refrained as there was no touch of UBB.
(2) Layer on Layer - PDH & DH. Was expecting a Test of DH & to short there. Missed the Trade of the day.
(3) Long on BOF of DL. scratched.
mkt Broke the PDL but still sustaining in Old Lower range. Tomorrow, going below old range is first sign of Bigger Trend Reversal.

Intraday Trades - 29.12.2015

Intraday: Mkt remained above Old range today.. Took 2 trades. one as TST & other as BOF of old Range.

Intraday trades - 28.12.2015

Intraday: As mentioned about Nifty sustaining in upper ranges on 23rd & 24th Dec, it moved upwards today. Three entries shown in chart-
(1) a BPB after COBB at PDH  (A Squeeze mentioned in 30 min chart shown in SS Series-3)
(2) a Tag on LBB in Squeeze
(3) another Tag on LBB in Squeeze. Overall a good day..

How to Locate Strong Setups -3 !!

(SS) Strong Setups Series - 3

Now you can know the bias of market -Up/ Down Sideways, what's next?

Next is my favourite Bollinger Bands.. We should use default settings of Bollinger Bands (20,2) as i am of the view, we should see what all people are looking at & infer with same information.

We are not gonna use any other kind of Support Resistance.. Lets keep the chart as cleaner as possible..

2nd Rule - Wait for BB Squeeze. but the challenge is to identify the squeeze. It looks like marked in below Nifty 15 min chart. Plz go through below questionnaire after the chart to get some clarification..

- What is the squeeze exactly ?? - When both of the Bollinger bands come nearer to each other and both BB are Flattish -neither Up or down (lesser than 20 degrees angle approx.. yeah yeah,, no need to measure with a protector, use naked eye). See the BB as marked above.

- How much nearer is nearer?? - Just have a look at the past candles & BB behaviour. From a bigger volatility, the mkt must have come to little volatility. Some people use ATR (14) for the purpose, but i like naked BB.

- When should we say the squeeze have started?? - When more than 5 candles formation is completed without touching any of the BB, we can say our desired Squeeze has started. Below Nifty 30 min chart has just formed one !!

- Shall we enter on break of Squeeze on touch or a Close outside BB (COBB) ?? - NOOOO, You will be Trapped !!

Will get back with few more examples & the Entry Pattern .. till then keep looking and analysing old Squeezes.. Its Fun to see how much it forms and how much time the mkt is in it especially in lower time frames...

Intraday Trades - 24.12.2015

Intraday: If you can recognize old ranges, Half the Job is done !! Just remember yesterday chart and think about the trades..
Mkt was ranging in last day range. Could manage with 2 good trades today which made the day!!

Intraday Trades - 23.12.2015

Intraday: Just have a look on the Range shifts.. Nifty is sustaining above the last Range - RH = 7855 NF and is forming a new Range with RL = 7855..
Lets see tomorrow, If  price enters in old range, we can see a bearish day else can be on Long side in upper ranges..

Due to X'mas holidays, Mkt is in tight range with less volumes. I will prefer to book within few points till 1st Jan'16

Intraday Trades - 22.12.2015

Positional: Sell signal still on, but Nifty seems to enter in a buying mode, so this decline should be used to buy tomorrow or day after for targets above 8000 NS.

Intraday: A Beautiful day with a beautiful "No Brainer Trade" at BB.. Just have a look at the below chart of Nifty Future - A Pattern similar to yesterday marked as (1) & (2). Here (1) is COBB followed by a Tag on UBB .. My favorite to trade at any strong DP..

Intraday Trades - 16.12.2015

Positional: Still Sell signal is ON..Just keep an eye on 7910-7820 NS Zone..

Intraday:  We trade Mkt as its always ranging without any bias. A Gap Up with a shorting opportunity (tho could have ended in SL) and another Short opportunity near Old RH. This went quite OK.

Intraday Trades - 15.12.2015

Positional: Mkt closed right into the old DPs which is a good short entry zone for lower targets of 7450 and more.. Token shorts initiated here.. Views still bearish till 7810 NS holds..

Intraday: A range formed at open. Two good entry opportunities today !!

Intraday Trades - 14.12.2015

Positional: Trend  is still down till 7810 NS is conquered.

Intraday: Beautiful Price action today which was too clear & is self-explanatory.. A good day to keep in records!

Some Good looking Midcaps on Day Timeframe

Looking for some Longs only this time as i am a Bullish on Nifty from last week till now.  Tuesday EOD will give final conclusion on Bull/bear..

Bhushan Steel -  A buy will be generated above PDH..



Educomp - Multi Top breakout is a BUY



India Hotel - Don't prefer hotel & airline stocks but this looks good Breakout. Entry can be done on a pullback near to 100 levels..



IDBI - A Breakout, now entry on BPB near 90 levels..



MPHASIS - This looks good for tomorrow entry at PDH. If somebody is intraday player, can enter better with some signal on 5 min chart..as PB seems complete..


BEML-  A range formed of Complex PB, Good entry signal above this range/ PDH as per risk appetite..

How to Locate Strong Setups -2 !!

(SS) Strong Setups Series - 2

Hey All, I am back after a long break !!  Hope everyone is doing great ..

Lets come back to Business ! Strong Setups-  For me, Price & Bollinger is all it requires to locate them. I am an intraday Nifty player, so will be fetching the charts of max 30 mins..  

1) Base of the Strong setups is to identify your Bias- Up or Down (yes No Sideways). We don't need any stupid thing to identify Trend.. If The Price is at the Right Upper edge of chart its Uptrend & if Price is at Right Lower edge, its Downtrend. Keep it Dirt simple !!

Lets see in below charts- One is Daily Chart & next is 15 min Nifty chart-

I am not gonna tell the answer, You are absolutely Right !! That's it, Is it too difficult to identify trend?  This gives us our 1st Rule- We will trade only in Trend direction for High probability strong setups, till our 1st Stop Loss gets hit, YES,  till our 1st Stop Loss gets Hit. Trading is Painful journey, Embrace.. 

(Though we will reduce this SL hitting chances considerably, but be prepared for all consequences)

This SL hitting really works, this helps in getting in each & every setup without any doubt, thereby increasing the effectiveness of system.

Trading is a probability game. If you will not take each & every trade, till you click the counter upto 30, you will eventually stuck in Bad trades & will loose the Best Ones  cursing ME :(

Now fetch some of the stock charts & check the trend thinking what should had been done today  trading them !