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 !

How to Locate Strong Setups !!

(SS) Strong Setups Series - 1

A lot of People ask me -"How to locate a Trade setup !!"  I always tell them, setups are everywhere, which can be traded also, but one should wait for a Strong trade Setup! That is more important !

Now the question is still Open - Which setups are Strong?

--This can't be put in a single post, so will try to explain in a series of posts.. Kindly have patience & go through with me in this whole journey, you will find it interesting & profitable too ! It will be written taking into consideration of novice traders with basic knowledge. I will try to analyze the live market setups (positional with the system). Lets see how it unfolds --

Lets start from a different angle-  Traders.
Every Trader is different. Each trader is unique with Unique personality, monetary needs, different trade size, risk capacities, Psychology, Fear levels, satisfaction levels, indicators & so on.
Remember, every damn indicator can work & works, if followed properly. But, every indicator has certain conditions to work. One needs to master few of them only, not over analyzing & paralyzing their decisions.. Look at the chart below with most important & trusted indicators (current Daily Chart of Nifty) if we can conclude the decision-

1) Nifty above all moving averages & EMAs (important ones) - means  UP/ Sideways (in case 1 MA is above)
2) MACD yet to cut down - means UP
3) RSI coming down from overbought zone - DOWN
4) Stochastic clearly DOWN
5) Trendlines - UP
6) Patterns - Rising Wedge - DOWN,  a small inverse H&S - UP & with a target
7) Price action - Higher Highs, higher lows - UP

so which will work & constitute Strong Setup ?  get off the screen & Think for a while below things-
1) Can all indicators/ patterns tells truth?
2) Are indicators really important?
3) Do they Lag?
4) Do we need 1 / 2 or 5 indicators along with PA, trendline...?

----------------------------------------------------
I will come straight to the point -
1) Can all indicators/ patterns tells truth? - Yes, they need to get Interpreted properly. One should use indicators as per traders personality - Example - I  use & Love Bollinger Bands
2) Are indicators really important? - for Positional definitely need to see few & good tool for conformation in Intraday also
3) Do they Lag? - may or may not - like Bollingers & RSI - they don't lag as much as people says.
4) Do we need 1 / 2 or 5 indicators along with PA, trendline...? - One or at the max 2 are enough for use.
Remember, Indicators tell a lie, but they don't lie together!

Anybody can go ahead with any indicator/ without indicator, but i would like to continue this journey with Price action & Bollinger Bands !!

to be continued..

Nifty Positional View - 12.07.2015

Positional: So the downward Bias ended, but to me, this doesn't mean an Upward trend has started. To me, it seems the market has entered in a Range as marked an i am in shorts.
1) Breakout of Range high has failed.
2) Nifty couldn't give my desired close outside my favorite BB
3) Tho MBB is supporting, Weekly trend is counter.

so overall, below 8480 NS One should be in shorts or can add Short position on a bounce up coming on Monday/Tuesday & should Tgt near 8100 odd levels..  Change to Up only a close above 8480.

Nifty Positional View - 15.06.2015

Positional: Daily Chart shown below with a good Downward Bias-

Now, the possibility arising are -
1) Short on BPB of the Low around 7940. Tgt is way below at 7750. Move should be fast enough & COBB will give more confidence.
2) Let it take a breather till 8160 & short it there. MBB should act as resistance & should support our position.