tag:blogger.com,1999:blog-4412702578891452272024-03-13T14:42:51.343+05:30Nifty NirvanaTrading Nifty Derivatives, Naked.
Price Action Trading,
Nifty Price Action Trading
Nifty Price ActionSMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger1011125tag:blogger.com,1999:blog-441270257889145227.post-68795523708823337762015-08-20T15:34:00.001+05:302015-08-20T15:34:35.421+05:30On Sabbatical<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
Dear all.<br />
<br />
I have taken up an assignment to manually back test and fine tune a trading method.The work came through an NRI reader of the blog. I will be able to get some good exposure working for an overseas trading firm. The remuneration is also good that this will upgrade my status from Below Poverty Line trader.<br />
I expect the work to last for at least three months.Till then there will not be any updates. Will be back blogging as soon as possible. Thank you very much for supporting me all these years.<br />
<br />
Take Care and Trade well. </div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com49tag:blogger.com,1999:blog-441270257889145227.post-80728009409575883342015-08-13T19:39:00.003+05:302015-08-13T19:39:51.448+05:3013082015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Very difficult to day trade today. After 12.30 it was too choppy and market took all the stops from day traders.Morning up move was difficult to capture and normally I would have waited for a second leg up.NS BRN did not support.I will try a TST on second test of BRN which stalled at NS BRN. Will end as a scratch. ( Ignore the first arrow down. Forgot up arrow at BRN)A short at the range high would have yielded good profit but short below DO will end as a scratch. Difficult to capture up move. Short into the fluid also shaken outbefore reaching the target </div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com3tag:blogger.com,1999:blog-441270257889145227.post-64306145258731683772015-08-12T19:44:00.001+05:302015-08-12T19:44:25.437+05:3012082015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty gaped down below PDL . Gave a BPB short signal. Considering Trend gap and a gap of more than 50 points I would have skipped it. Up move from BRN was too quick and without a retest. I will miss that also. Then there were three TST opportunities which moved well. BOF of BRN was not attractive. Sell at the flip also difficult to take and I would have taken short on the break of BRN<br />
<br /></div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com9tag:blogger.com,1999:blog-441270257889145227.post-22168332510054570312015-08-11T18:54:00.001+05:302015-08-11T18:55:21.489+05:3011082015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
I am busy with some other work and will not be trading for few days. I will try to post charts with hindsight analysis if I get time in the evening. Today I could see only two opportunities. A TST short at range high. I may not short BPB due to NS RN. I would have taken the last long. It did not move well</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com17tag:blogger.com,1999:blog-441270257889145227.post-39489893263931355492015-08-05T15:52:00.000+05:302015-08-05T15:52:04.213+05:3005082015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty moved above PDH after open and stayed within a tight range all the day. tried a short on BOF of Range high. Scratched.</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com22tag:blogger.com,1999:blog-441270257889145227.post-71933703011691790182015-08-04T15:35:00.003+05:302015-08-04T15:35:53.018+05:3004082015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Announcement day. Waited till the market stabilized. Short on BOF of PDL/PDC/DO. Shaken out of the trade. Could not get the second leg down. Expected a retest of the bottom and missed the up move. Only one trade </div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com11tag:blogger.com,1999:blog-441270257889145227.post-90876739926998917412015-08-03T16:47:00.000+05:302015-08-03T16:47:11.643+05:3003082015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty traded within the previous day closing range most of the day. Attempted a long which was a stop out. Missed the breakdown due to this. Did not attempt any other trade</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com8tag:blogger.com,1999:blog-441270257889145227.post-5383230728314307992015-07-31T16:02:00.001+05:302015-07-31T16:02:08.079+05:3031072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty tried to move up above PDH/BRN and got rejected. But was not able to move below DO and IRL. Long on break of BRN. Stalled at NS BRN for a while and moved up. Exit around 8560. Type 1 trend day<br />
<br /></div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com14tag:blogger.com,1999:blog-441270257889145227.post-60685555275410970522015-07-30T15:38:00.005+05:302015-07-30T15:38:59.580+05:3030072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty gaped up above PDH and BRN. Long on BPB of BRN. Exited a BO above RN failed. Missed the down move. My order did not get filled. On expiry day play option strikes. Expiry days are very quite unlike earlier. I wonder why.</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com19tag:blogger.com,1999:blog-441270257889145227.post-51464382612909449382015-07-29T15:48:00.003+05:302015-07-29T15:48:35.975+05:3029072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Could not trade last two days.Market traded within the previous day closing range the whole day. Tried two BOF trades. BOF of IRL and IRH. Both were scratch trades.Tomorrow expiry day. </div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com7tag:blogger.com,1999:blog-441270257889145227.post-59952041046191336882015-07-24T15:41:00.001+05:302015-07-24T15:42:06.953+05:3024072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty gaped down below PDL and traded in a range for a long time. A short at IRH did not move for a long time . Scratched.Traded in a lower range after the break down. PP below RN gave 20 points</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com6tag:blogger.com,1999:blog-441270257889145227.post-61177343802223531352015-07-23T15:48:00.003+05:302015-07-23T15:49:43.129+05:3023072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty moved up and failed to move above PDH on open. IR formed. Shorted IRL as it was making lower highs inside IR and twice failed to move above PDC and RN. Bounce from BRN was quick and gave back some points waiting for another test. Another short on TST of PDC and BOF of IRL. Shorted below the MC.Covered on BOF of BRN.Price fell again and gave a BOF signal. Long covered at MC break at IRL again. Missed the quick fall</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com15tag:blogger.com,1999:blog-441270257889145227.post-16775495318095728552015-07-22T15:43:00.001+05:302015-07-22T15:43:16.711+05:3022072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty gaped down below PDL. Outside trend gap. Stalled at NS BRN area and reversed. Thought RN-PDC confluence will stop the move. Could enter late at the pull back. Excellent momentum and fluid gave confidence. Exited at the end of fluid. TRAP pattern gave a signal to long again. TP near RN. Expected a break down at the fag end. It did not happen</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com6tag:blogger.com,1999:blog-441270257889145227.post-48101962282233600102015-07-21T15:52:00.000+05:302015-07-21T15:52:00.519+05:3021072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty opened within previous day closing range and tried to move above PDH. Rejection was too fast and I could not capture. Hit BRN and climbed back to the range. Did not attempt long. Short at PDH. Covered when rejected at Range low. Tried a long which failed. A PP short gave good points. TP at RN</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com17tag:blogger.com,1999:blog-441270257889145227.post-67248170641523570332015-07-20T19:15:00.004+05:302015-07-20T19:15:36.615+05:3020072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty opened near PDC and sold . Broke PDL and bounced from BRN. Short on break of BRN as BPB. Adjusted stop too soon and shaken out of trade. Stopped out. Another short on BOF of BRN again. Covered when bounced from LOD. Long above range high. Covered when price bounced from PDC<br /><br /></div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com3tag:blogger.com,1999:blog-441270257889145227.post-79101217957886675712015-07-14T15:58:00.001+05:302015-07-14T15:58:29.072+05:3014072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty opened near PDC and moved down. expected a range move after yesterday evening quick up move. Price reversed testing RN. Waited for a retest and missed the long. Long on BOF of LOD. Exited earlier on consolidation. Short on BOF of RN/HOD. Moved well.Covered at the end of fluid at range low. No other trades</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com17tag:blogger.com,1999:blog-441270257889145227.post-2351065059560726812015-07-13T21:09:00.001+05:302015-07-13T21:09:17.442+05:30Lot Size<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
Lot size of Derivatives will be increased wef from Nov 2015 contracts. Lot size of NF could be 60, I think.<a href="http://www.sebi.gov.in/cms/sebi_data/attachdocs/1436782665000.pdf" target="_blank"><span style="color: blue;">Link</span></a> to SEBI circular.</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com7tag:blogger.com,1999:blog-441270257889145227.post-9729779552888485622015-07-13T15:42:00.002+05:302015-07-13T15:42:43.200+05:3013072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVErEXcLgnPQ31r0AWWgJpYtrOfIX0jTHK-4I-DkMKiUsNoGcV96ClQs1WuSs8LwgIJhRktOXS9XRxOmAoeqe1I_K3FTfQH6e3W2fHTpH2InsyNOf9nJe9VxvR0xUhmobz_SohN0QzXmLD/s1600/20150713.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiVErEXcLgnPQ31r0AWWgJpYtrOfIX0jTHK-4I-DkMKiUsNoGcV96ClQs1WuSs8LwgIJhRktOXS9XRxOmAoeqe1I_K3FTfQH6e3W2fHTpH2InsyNOf9nJe9VxvR0xUhmobz_SohN0QzXmLD/s800/20150713.png" /></a></div>
<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty opened above PDH and failed to move up. Went short on BOF of PDH. PDC was close and gave support for a long time. I held as the risk was just 5 points finally it broke down. But supported at yesterdays last impulse low. I suspected a range within last impulse of the previous day. Long on BOF range low above PDC. Never expected a move like this. Then it was a channel upmove. tried a short and stopped out<br />
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SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com12tag:blogger.com,1999:blog-441270257889145227.post-28259917025628732252015-07-09T16:10:00.000+05:302015-07-09T16:10:01.978+05:3009072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
I was out of sync with the market. In hindsight analysis, most of the time price was within range low and DO.It was a 20 point range. I did not notice DO till the end. Attempted 5 trades. Nothing worked. All ended as stop out and scratches.<br />
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SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com23tag:blogger.com,1999:blog-441270257889145227.post-4314579445233491512015-07-08T15:33:00.001+05:302015-07-08T15:33:10.070+05:3008072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty gaped down and refused to go beyond first candle. IR formed. Short on BOF of IRH/RN. Trade moved well. Covered when second attempt at 8370 failed. It fell another 20 points and got supported at 8350. Skipped the first BOF. Second one moved well . Covered on rejection from IRL area after second leg. Short on BOF of BRN failed and bounced from MSP. Stopped out. </div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com11tag:blogger.com,1999:blog-441270257889145227.post-7742546457332114812015-07-07T15:43:00.003+05:302015-07-07T15:44:55.379+05:3007072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
As expected a consolidation day. Went short on BOF of PDH. Expected a range within the last impulse. But Nifty refused to move down. Scratched. Could not long on BOF of range low. Short on BOF of PDH/RN. Trade moved well. TP at BRN. No other trades.<br />
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SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com11tag:blogger.com,1999:blog-441270257889145227.post-70611854667297491632015-07-06T15:35:00.003+05:302015-07-06T15:37:21.106+05:3006072015<div dir="ltr" style="text-align: left;" trbidi="on">
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Nifty gaped down and failed to move beyond the open. Missed many long opportunities during the day. But could get two good trades. BOF of PDL short and a PP above IRH long. Stopped out on a short trade at PDH. Missed BOF of IRH,Later BOF of BRN, A TRAP and the BPB of PDH. Nifty is not bothered about Greece it seems. <br />
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SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com3tag:blogger.com,1999:blog-441270257889145227.post-7421422668178995632015-07-03T19:31:00.002+05:302015-07-03T19:31:57.515+05:3003072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty opened a little below PDL and bounced back. Long on BPB of PDC. Closed when price failed to move above BRN 8500. Went short on the breakdown of PDH. Price bounced from earlier swing low and scratched it. BOF of range low moved well but only after stopping me out.</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com5tag:blogger.com,1999:blog-441270257889145227.post-60111526045542855872015-07-02T15:28:00.003+05:302015-07-02T15:28:45.766+05:3002072015<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty traded within the previous day last impulse. Price action within the range was too choppy. The move up and down were like channels. Attempted three trades. Two longs and one short. Nothing worked.</div>
SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com8tag:blogger.com,1999:blog-441270257889145227.post-85142104933005005852015-06-30T16:05:00.000+05:302015-06-30T16:07:23.642+05:3030062015<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
<span style="color: red;"><i>This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis</i></span> <br />
Nifty opened within previous day rage and moved up above PDH. Got rejected at RN. Then it was a BW around PDH. Attempted two longs and a short . Both the BOF trades at the bottom of the range worked well. A mid level short ended as a scratch<br />
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SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.com12