Intraday Trades - 29.01.2016

Intraday: Mkt gave a breakout negating my Down Bias. Got out at very first candle close as its strength was quite evident. I Got my positionals out marked with Black & got ready with Up bias. The very first candle Engulfed 3 days.. Now for me, the market structure needs to be worked out again. Will be updating this weekend.

As mentioned by "Nirtos" in the last comments, the Flag pattern worked today..

Took one Long on BPB of PDC above MBB. Closed at pink line marked. Couldn't ride till end

A look at Medium Term View of NF

Just have a glance on the Zoomed out chart of NF - 5 min..

Long term trend is Down (and my long term is lesser than a Month!) & Medium Term Trend is UP. 

A range is forming from last 2 days with Lower highs..

Mkt at Long term DP. If this broken tomorrow.. I will be glad as i am still owning my positionals.. at average price of  7420 NF, SL at 7545, which should decrease tomorrow hopefully..

Intraday Trades - 27.01.2016

Intraday:  Good Ranging Day today. I feel, mkt should Test 7410-7400 NF tomorrow first for any good upmove.
1) Long on Taps on DP in trend direction.
2) Closed & Short on BOF of Old RH which was initiation of a fast move. Closed at Big hammer.
3) Again a Short on BOF marked with Pink line. Closed in the end.

Intraday Trades - 25.01.2016

Intraday:  As my Bias was already down, so was waiting for a Short Setup.
1) Short on Low of higher range. Closed at the pink line marked. No further trade

A Trade - Point to Ponder !!

Positionally: Either a Long or a Short is going to Happen.. I am in shorts and many people are in longs, who keep asking me, why not to take this Great looking Breakout.. what will happen Next ??
My Answer is - I Really Don't Know ! & Nobody knows..
I have taken my high probability trade which looked sweet to my eyes. .Will it hit my Tgt or my SL?? I really don't know & am least bothered about !
Not bothered - because i don't judge my results by a single trade, but a bunch of atleast 30 trades..

Lets see how Market unfolds..

Intraday Trades - 22.01.2016

Intraday: A Gap Up.. Took first longs as a BPB inline with the yesterday pattern. Closed on the pink line marked above PDH.

Took a Short as per Plan on NF 7420. A bad judgement as it was directly into DP -PDH. Sat till the end, so missed the Squeeze marked in Black.

Have some Positional Shorts also for Monday, lets see how market unfolds..

Interesting Gartley-- Can it Break 7220- 7000 ? or UP?

Today mkt behaved in sync with what was expected. An interesting pattern being developed in NF. Lets see if it will trigger tomorrow for lower targets .. a bigger fall ..Below  7000... Keep a Tab..
NF 7420 is the Key Level now..

Intraday Trades - 20.01.2016

Intraday: As stated yesterday, It broke down towards 7220. But Before touching the demand zone, it rallied up. This calls for a bigger Fall later on breaking 7220 towards..
No Use of DPs today..
1) Took a short at UBB as a small Squeeze. Closed at pink line marked.
2) Initiated a Long here as per plan yesterday. Closed at cost
3) Another short as per plan yesterday. Closed on pink marked candle.
Missed the unexpected upmove..

Intraday Trades - 19.01.2016

Intraday: An inside Gap up signalling that the bias can change to Up.  Didn't short, instead waited for Longs.
1) Took Longs above MBB and old RL. Closed on old MSP and shorted the same
2) SL hit in the shorts, as it was a weak DP
3) Again a short on PDH as a BOF. Closed in the end.
Mkt is making a short term bottom here. Tomorrow morning after a small Dip, i will be eager to go long and then Mkt will be good to short in tomorrow second half of session for a Tgt of 7220 NS.. Lets see how it Unfolds..

Intraday Trades - 18.01.2016

Intraday: Tough Market Today. Took 3 trades-
1) Long on BPB. waited a lot as i was expecting a Green day due to last rally. Stopped at Black line marked in next fall from PDL.
2) Long on BOF of DL. Closed at UBB
3) Short on Squeeze setup. Closed at 3.15 at margin bell ..

Intraday Trades - 15.01.2016

Intraday: Nifty formed a good range today. It was in a squeeze with longer term downtrend. Tried 2 trades today.
1) BOF of PDC. Closed at RL
2) TRAP of PDC. its was also the initiator of Taps on DP. Closed in the end.
I hope mkt is ready for my 7220 NS..

Intraday Trades - 14.01.2016

Intraday: A Big gap Down. As mentioned in yesterday post, Nifty didn't go below 7500.. The Gap down lead to price in Old range. There was an opportunity to go long on DL within the range, which i avoided as it seemed counter trend.
1) Long on BPB of RL marked with pink line.
2) Closed the longs on PDH & Short as a strong BOF. Closed when price didn't entered lower range and got rejected on RL.
Overall, mkt is in a Big Range. downmove was convincing today but still its above lower range. Today's DL (tomorrows PDL) break down in 5 min will make me enter into shorts tomorrow. Its more of a Taps on DP pattern in bigger timeframe for atleast 7220 NS..

Intraday trades - 13.01.2016

Intraday: A Great volatile day. Closed the Longs taken yesterday on second attempt failure.
1) Short at break of Pivot and close below MBB. It was a LOL above which price didn't break.
2) Could have gone long, but avoided due to a fast fall. Was expecting another push down.

Overall, Mkt has given a good BOF in Longer TF as didn't sustain in lower ranges and came back to Upper Range !
Some crazy things going on in OI side, so still feel like 7500 will hold for few more days may be till this Monday session, then we have our journey towards 7220 NS !

Intraday Trades - 12.01.2016

Intraday:  Nifty made Open = High Today but in upper Range..
1) Took a Long at TST. Scratched
2) A Short on BPB which was closed at Old RL
3) Another Short at RL + MBB closing at PDL
4) Long on BOF of PDL partial of which i have taken as positional.
A Squeeze pattern formed but avoided to short..

Intraday Trades - 11.01.2016

Intraday: A Big Gap down with bias. Planned to take only shorts till gap is filled. Two attempts. First Short was stopped, second gave some points.
Missed the up breakout as was waiting for a Squeeze trigger as marked with 3rd arrow.

Squeeze Examples - 2

I have collected few more Squeeze examples deliberately of different types, to help understand better..

Few are already triggered, few are going to trigger..

1) BPCL: Squeeze triggered once, then one single Red candle touched both UBB + LBB..  What to DO?? Keep Mulling over it..

2) Apollo: Too good Downtrend, Will we get an opportunity at (2) ?

3) Amaraja: Is it going to Trigger? can i bet my House  on it :)

4) Kaveri : Is anticipation going to be correct or a Breakout upwards from old Supports..??

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5) Jubiliant: Just think if we are late to enter or shall we enter on this Red candle high?

6) LIC Housing: Its already triggered? Anybody caught.. Another Pattern - Taps on DP in process.. will it breakout.. think about it..

Intraday Trades - 08.01.2016

Intraday: A Perfect range day. A Gap up against the bias which was negative, Left the Longs (though a good setup formed at DL marked with rectangle but avoided as it wasn't a high probability trade) and focused on Shorts, 2 opportunities identified-
1) Short on BOF of DH with a Tag. Closed at cost.
2) Another short on BOF of DH. No COBB signalling no Strength . Finally 20 pts taken completing my daily target.

Intraday Trades - 07.01.2016

Positional: Buying Views fully negated with a big gap down and i was stopped out today, lets see where the mkt wants to bottomed out. No prediction, just will follow the trend.

Intraday: New Year is being quite good for intraday players. All Trending Days !! A big Gap Down followed by selling only. No sign of Buying anywhere. No use of PDH, PDL & Old DPs also..
1) First Short at MBB and DP TST
2) Another short at Squeeze pattern. Didn't get much & closed EOD.

Squeeze Examples -1

One Chart posted by one of the readers - Danish.. LT & other one is example purposefully taken by me..Maruti..

LT - 15 min of 5th Jan'16 :  Downtrend with squeeze formation. 1st Tag on LBB + DP. 2nd Touch on UBB + DP. Setup is Formed.
Entry on break of Green Candle Low marked with Pink Line .. SL above recent high :)



MARUTI Daily Chart:  One of the Biggest task in Trading is to ANTICIPATE the moves. if the anticipation is done right as per bias, half of the Job is done. A setup must be known to you beforehand like 5 ~ 10 candles before. Shortlist those charts & get ready for a Sniper entry..
Below is the chart of Maruti. A Good Setup is in formation. Bias is clearly UP. Squeeze has already started from (B). Now a tag should come at (1) and finally at (2). We will look to ride the Trend from (2) on high of a Red Candle.
This chart is till Yesterday. Maruti has given a big Red candle today on Daily chart. If it doesn't go to (1), simply move on to next chart.
If someone wants to go long at (B) position assuming (A) as tag of UBB + DP, that is also fine. Its a Good Setup, but not a Strong one as BB are not properly Flat.
Will Post Few more examples day by day with some Trade opportunities..

Intraday Trades - 06.01.2016

Positional: There is a good probability that Market Bias can turn positive from tomorrow. Its last chance of Bulls to show up here. I am in longs with SL below 7700 NS. If Nifty Sustained above 7725 this week, we can see a good move towards 8200 - 8800.

Intraday: A Strong Move down was rejected. entered Longs, but closed when 2nd push upwards failed.
Another Long on Taps on DP BO. Expected it to break PDH but it didn't happen. Closed it below DH & entered Shorts. Finally got something from the day.

Intraday Trades - 05.01.2016

Intraday: A Ranging Day as expected after a big Trend Day.  Took 5 trades. 3 good ones are as below:-
1) TST of DH. Expected it till PDL only.
2) Long on BOF of PDL as 1st signal was TST
3) Another Short on BOF of DH. Closed in the end (few lots out due to zerodha MIS problem at 2.50 pm)
Rest two were at mkt open- short & long which were quite OK.

Intraday Trades - 04.01.2016

Intraday: A Perfect Trending day in the start of Year ! Got Some, Left Some !

Moved a little up from PDL. A good Gap down & old RL above made me leave the trade.
-Shorted on Old RL. It moved smoothly. Covered at 2nd RL and took longs. Gave few points and missed the last BPB from that RL & MBB as it was already out of its max ATR.
All Old Supports clean bold- Mkt is in good Downtrend with no supports but only Resistances !!

How to Locate Strong Setups -4 !!

(SS) Strong Setups Series - 4

So now we have 2 things clear -
1) Bias
2) Squeeze formation

If not clear, plz re-read again and then move on to the Trigger- The Entry Pattern !

As we are looking for only strong setups, so we will get lesser opportunities with high strike rate ! so its worth waiting

Now when the squeeze is evident, Mark two DP zones (Support / Resistance) - One on the Pivot high before squeeze, another on the Pivot Low of Squeeze start.
For our entry, we should be looking for a candle formation on UBB or LBB touching this DP. If the Bias is Up, then look for a candle formation on UBB first then on LBB and Vice Versa. 
Any candlestick pattern you love - like Engulfing, Hammer, Doji... whatever the names are (and i am least bothered about it), it should have break of UBB with few points and then moved to LBB. 
The candle can be bigger or can be smaller.. It can be with high volume or low volume.. we seriously don't need these things, all we need is a breakout of UBB followed by breakout of LBB in a Squeeze with Up bias. Yupp, DP touch is a must !!
Let me give an example here with Nifty 15 min chart- In an Up Bias, 2 squeeze are formed..


(1) First touch to UBB + DP. we are waiting for LBB touch
(2) Second touch to LBB + DP. 
Now any RED Candle High break is our Entry with SL below it.
(3) First Touch to DP, but not BB so avoid
(4) First touch to UBB + DP, wait for LBB
(5) Second touch to LBB + DP. Any Red candle High break is our entry !!

Watch the Entry candles below marked with pink circles..


Just practice this, and will come up with Targets/ Money Management & few Situations to avoid...

Intraday Trades - 01.01.2016

Happy New Year to all .. 

Lets start this year with My Entry Article of Strong Setup Series.. will update this weekend :)

Intraday: Look at the Ranges from last few days ! Long, then short then long.. No Doubt !! though short doesn't make anything.