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, 31 January 2014

Intraday Trades - 31.01.2014

Intraday: Totally Ranging market. Too many levels, so removed BRN line. Took a single trade-
1) A Short on the Tag on UBB with Reverse Hammer in ranging market. 12 pts.

Thursday, 30 January 2014

Intraday Trades - 30.01.2014

Positional: Positional shorts activated below weekly pivot.
Intraday: Expiry day - for me, A Day to relax. Only watched the market today. I found 1 opportunity, which didn't take. A BOF of day's open with small hammer/ inside candle gave a clue to go down. Another hammer before mid BB with a follow up candle was my signal.

Wednesday, 29 January 2014

Intraday Trades - 29.01.2014

Intraday: Mkt was slow all the day drifting downward except in the last. Looking now, it seems Mkt was simple today- Short on mid BB. Took a single Trade.
1) Short on the BOF & 2nd close below mid BB in ranging BB. Spent a lot time for just 14 pts.
No reliable signal & mkt moved too fast in 2nd half so remained out of last move.

Tuesday, 28 January 2014

Intraday Trades - 28.01.2014

Intraday: No Trades...
Mkt Open & zoomed to BRN 6200. Stopped there till 11AM when RBI announcement came & mkt moved down to 6125 around. Was out till 12, then started finding any opportunity. No reliable signal found. One Signal arrived marked with Pink Arrow - Shooting Star on mid BB. Didn't take it.

Monday, 27 January 2014

Intraday Trades - 27.01.2014

Intraday: Mkt gap down & i started looking for shorts at UBB or at higher level
1) Took a Short, when Price close below LBB with break of Day's Open. Gave my SL.
2) Again a Short on a small Hammer on UBB. Mid BB almost flat to +ve. It was a risky trade. Near miss to my Sl & gave 20 pts. Closed at 6200, but mkt kept moving down till the end.

Friday, 24 January 2014

Intraday Trades - 24.01.2014

Intraday: Mkt was expected to Gap down with global clues. The 1st candle shows a good positive sign to recover the gap, but within few minutes, mkt lost its momentum & started towards South. I was waiting for it to enter..
1) Short on the break of Day's low with momentum. Booked on the same candle, which broke 6300.
2) Another short on a Hammer on UBB in a range. Price broke today's low, but with no fast momentum. I was expecting till 6250, but Closed this with 20 pts.

Thursday, 23 January 2014

Intraday Trades - 23.01.2014

Intraday: Mkt was moving in 20 pt range from the morning. Like 21.01.2014, it touched 3rd time to same DP. I was waiting for candle close, whether to go short or Long.
1) Long on the break of high of candle closed above DP & UBB. Waited with mid BB showing Bullish bias, but stopped out in TRAP pattern at mid BB & market moved without me.