13062014

Nifty opened near PDC. Traded within IR created by the first two candles for a long time. PDC and NS RN were within the range. Finally a BOF of  PDH gave a short signal. Waited for the price to escape out of the congestion. Short below RN. TP at BRN. Another short on break of BRN. This one was a TRAP pattern and BPB of BRN/PDH. TP when price failed to go below RN 7550. Expected a short covering long trade at the end. This did not happen

Awesome People

12062014

Nifty opened within previous day range. BOF of PDC and PDL gave a long signal. Hesitated to enter above IRH as RN and NS RN on top of it. Rest of the day it was a Barbed wire around RN. Attempted a PP long above range high which failed. BOF of range high short moved to IRH but I exited when second attempt at RN failed.Last trade BOF of RN/IRH moved to the range high as expected. PDC line is drawn from the last candle of previous day.If you closely observe the chop, you can see patterns.

11062014

Nifty opened within previous day range. Went long on the break of PDH. TP at BRN. Nifty again moved up above BRN and almost touched NS BRN. Short on BOF of BRN. Target was PDH. But it touched IRL and RN where I exited. I was looking to go long after the selling climax. But nifty fell suddenly below RN. Tried a long on BOF of RN/IRL above MC. Stopped out. Shorted below the then LOD as it was a TRAP. TP when second push down failed around NS BRN 7600 area.Market is going to correct it seems. Selling is evident on every rise. But daily chart is still in rally mode. Today also Nifty made HH and HL

10062014

Nifty opened above PDC and sold. Went short on BPB of PDL. TP at BRN. Entered long after the selling climax at BRN. Nifty tested the patience and finally went up. TP when it failed to go above PDL which was my target. Went long on the BO of PDL. TP at RN. Tried a short on BPB of PDL and stopped out. Price started making a Barbed Wire around PDL. Stayed out. Missed the  final BO up move of Range high as I hesitated due to PDC and RN above it. Good example of WoW pattern discussed a few days ago

09062014

Nifty gaped up above PDH. First  MC acted as IR. Avoided long above IRH as RN/NS RN were very close. Went long on break of NS RN. trade did not move scratched. Short on BOF of range high. TP at IRH/Range Low.Long on BOF of range low on break of RN. TP when price rejected from HOD. Attempted a BPB of HOD long. Stopped out.