There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Friday, November 21, 2014

21112014


Nifty opened near PDC. Shot up after a small pull back to NS BRN. Consolidated within a 10 point range. I was expecting a TRAP like pattern there. Did not attempt the BO which went to 8499.75. Missed a short there also. There was no reliable pattern. Finally went long on the TST of Range low and bagged  20 odd points. Did not attempt the BOF of BRN as it came very late

Thursday, November 20, 2014

20112014


Totally messed up the trades.Missed the BOF of PDC in the morning session. Then took three trades at the same DP, PDL and got stopped out in all. Finally Hesitated to take the PP and missed that one also. All the three trades were attempted within a Barbed Wire around PDL. Violated the rules and got chopped.

Wednesday, November 19, 2014

19112014


Nifty opened near PDC and fell. Tried a long on BOF of PDL. I was not confident with the trade as it did not break the extreme. Managed a scratch. Short on BPB of PDL moved well.Ignored the NS RN as it was a fluid below. TP at 8390 when price failed to move beyond the early extreme.There was an opportunity long on third test of LOD. Did not take it

Tuesday, November 18, 2014

18112014


Range day as expected. Nifty opened within previous day closing range and traded within it most of the day. There were too many levels inside the range. Attempted only one trade which ended up as a scratch. BPB of PDC and IRL

Monday, November 17, 2014

17112014


Nifty gaped down below PDC. IR formed. Price broke IRL and found support at PDL. There was a BOF at PDL. Avoided lond as it was a minor one and IRL was very near. Went long on BPB of IRL. Then it was just trailing till 8460. Both Nifty and NaMo were firing on all cylinders.

Friday, November 14, 2014

14112014


Nifty opened near PDC. IR formed. Avoided long above IRH as BRN was near. Price struggled a lot to move above BRN. A long trade above BRN, BPB failed. Stopped out below BRN. Then it was a BW around BRN. Finally went long on the BOF of range low. Trade moved well . But after stopping me out.