On Sabbatical

Dear all.

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.
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.

Take Care and Trade well.  

13082015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis  
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

12082015

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

11082015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
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

05082015

Nifty moved above PDH after open and stayed within a tight range all the day. tried a short on BOF of Range high. Scratched.

04082015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis  
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

03082015

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