A Blog for Nifty Trading, Positional and Intraday Trades.
My Strategy = DP → BB → OI
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.
Intraday: Only one trade found with good RR.
1) BOF of IRL till PDH. Closed at the break of Pivot low.
Will be updating my posts this week by 9:00 pm due to some personal work..
Intraday: Not a good day before Diwali Holidays. A Big Gap up gave a hint that mkt will consolidate. I was planning to Short at BPB of BRN, as it was Outside Trend Gap which generally fills, but with strength of move, assumed to make a barbered wire on BRN.
1) Long on BOF of IRL. Waited too long & got stopped out at red line. (mkt cacme 2 pt lower than breakout candle, not appearing in metatrader).
No Further Trade.. Wish You all a Very Happy Diwali..
Intraday: A Great Volatile day. Mkt Moved up & closed above PDH. Gave a small PB.
1) Long on BPB at blue line, a risky one with SL below recent candle. Closed with 6 pts at Red line,
2) Short on BOF of IRL & break of Big Green candle. Closed at a PB on red line.
3) Long on rejections of IRL, BRN, PDC. These were layer on layer DPs. This was catched well. Closed at red line marked.
No further trades as mkt was choppy & mistake could be made after few good trades.
Intraday: A Big Gap up. There was no follow up, so planned to short.
1) Short on BOF of IRH. Closed at red line.
2) Again Short on BPB. Closed at BRN.
3) Long on BOF of BRN. Closed at my SL.
4) Again a Long thinking it as a good rejection. 3rd time gave my SL.
Intraday: Didn't Trade Yesterday (a good day to miss) & finally traded today without BB. Took a decision to use BB in Positionals only.
1) long on BOF of PDL. Closed at BRN.
2) Long on BPB of BRN. SL gone
3) Reversed & Short on BOF of BRN. SL hit in a TRAP.
4) Finally gone Long at TRAP. Closed at Day's Flip.
Too tough to remove an Old Habit !! But, Change is only Permanent in this World !!
Intraday: A Gap Down opening which stalled there. waited for a Range.
1) Long on BPB of Daily chart flip/ IRH. Closed when 2nd attempt to move up failed (marked with red line).
2) Another long on BPB of PDL. was not very confident, but kept trailing & finally got out in the end marked with red line.
Intraday: A Big Gap down.
1) Long on BOF of BRN. Closed at my SL below BRN
2) Short on BOF of PDL with big Candle. Again unfortunate to get my SL hit with 1 pt. It was too tight. Next time, will take care.
Intraday: A Gap Up. Trend up with upper ranges & yesterday's range. Tried a risky trade today- After a Gap up, price get pushed up immediately from IRL. It even didn't halt a little on MBB & was taking support at it. No single close below MBB. Expecting IRH to break, RR was good.
1) Long on BO of small range. Closed at BRN.
Intraday: A Ranging Day.
1) Short on Strong BOF of BRN. Closed at PDL with my SL.
2) Short on BOF of BRN once again. Closed at IRL
3) Long on BOF of IRL. Closed at PDL.
No further trade. Although last was a good BOF, but avoided due to ranging mkt & a little time.
Intraday: Nifty Gap Down with down bias.
1) Tried a Short on BOF of RH. My bad as stopped out at IRH itself. Too tight SL.
All the move moved without me.