31012014

Nifty gaped up due to premium component. Found support at BRN. Did not long above the IR as BRN of NS was above it. FTC at range high was a short.TP at BRN as price refused to go below BRN.Entered a long on BOF of BRN. HOD was the target. But price reversed earlier. Scratched.This high established as a range high. Shorted the BOF of range high.. TP on LOL BOF of BRN/LOD.Did not enter long here. A 20 point range the entire day.

30012014

Expiry day .Nifty gaped down below PDL. IR formed. Skipped the short below IRL as RN was just below. BOF of RN was a signal to go long . Avoided. Trend was down and need to crack MSP,IRL and IRH to go up. A TRAP at MSP. Thought of going short below the Higher low made after the BOF of RN.Went short only below the then LOD. Covered around 3 PM at a small profit. Could have gone long above RN and made cool 20 points. Hesitated and missed it.

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30-01-2014

29012014

Nifty gaped up within previous day range and attempted to break above PDH. BOF of PDH gave a short signal. I went short below DO. I was expecting a quick 10 point move to RN. But it took more than 90 minutes to travel 10 points. TP at RN. Nifty traded in a range for a while and broke down. Went long on the LOL BOF of PDC/RN. Trade did not move . Scratched. Went short on BOF of RN. Entered earlier as I suspected a bounce from PDC to form a Barbed wire. TP above the pin bar high.

28012014

Announcement day. Did not trade till the dust settled after the announcement. There were two opportunities BOF of IRH and BOF of BRN. These trades were very profitable if somebody took it. I stand out during announcements. The only trade I took was the BOF of IRL/PDL. The trade did not move.Scratched this one Then there was a TRAP . But the trade did not trigger.

27012014

Today I was not trading live. On hind sight analysis I find only one opportunity . The second BPB of IRL to the down side to TP at RN. This can also be considered as a TRAP pattern.There were two patterns earlier. BPB of IRL. was not advisable as price failed to break the swing low on the first move down after BPB. The counter trend long was also weak . There was no rapid rejection. Price stayed more than 45 minutes below IRL before breaking to the upside