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

Tuesday, October 14, 2014

14102014



Nifty gaped up above PDH and sold. Entered short on break of IR. Entry was too late. Covered when it bounced from RN. Another short on BOF BRN/TST of PDC. Did not move beyond IRL. Covered on BOF of IRL. BOF of PDC/PDH gave a short signal and this trade also did not run as expected. Covered at 20 point profit

Monday, October 13, 2014

13102014


Nifty gaped down below PDL. First candle acted as IR. Long on BPB of IRH. Then it was just trailing. TP near 7910.

Friday, October 10, 2014

Connect the Dots




Three years ago, in the month of October, Steve Jobs lost his battle with pancreatic cancer at the age of 56.May his soul rest in peace. This man was brilliant and inspiring. His commencement speech to the graduates of Stanford University in 2005 was considered as one of the best (Watch)

He always spoke about connecting dots. Till recently I could not get what it is all about.Here is a famous quote from Steve

 “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while. That’s because they were able to connect experiences they’ve had and synthesize new things. And the reason they were able to do that was that they’ve had more experiences or they have thought more about their experiences than other people.”

Now I can relate this to my trading journey. I had spent thousands of hours searching the internet and hanging around in trading forums for a clue. This gave me a lot of ideas most of which were garbage. Finally I was able to eliminate a lot and retain a few which were useful.

Connecting all these things together and making an “Actionable” method took much more time. To be frank, I do not know when it happened. All I can say is one fine morning everything fell into place magically and price moves started making sense. Human brain is capable of doing it. Just give it sufficient time and adequate exposure. We can’t force it.

Hang on ensuring the survival. Focus on “Actionable” concepts and get a lot of exposure.  
Growth is always happening underneath. Success is always a Chinese Bamboo.    .  


10102014


Nifty opened near PDL and sold. First candle was a MC. Avoided shorting below it as BRN was near. Price broke below BRN and bounced back. traded just above it for a long time. Long on a minor BOF.
 TP when price got rejected from PDL. Then I suspected a channel. Later short on break of MSP as BOF of PDL/DO. Price went to LOD. Could not capture the full move. Exited on the bounce from BRN

Thursday, October 9, 2014

09102014



Nifty gaped up above PDH and moved up. IR formed. Did not attempt FTC as RN was just below the tight range. Further bias was very bullish and wanted a signal to go long. Long on BO of IRH. . Covered on BOF of BRN. It was a tight trading range around BRN rest of the day

Wednesday, October 8, 2014

08102014


Nifty gaped down below PDL. The up move was swift. It did not give a pullback to go long . IR formed . This range acted as a Barbed Wire the whole day. Attempted a BPB long at BRN.This  trade failed and I exited when price fell below BRN. Went short here as BOF of BRN.This was also a pattern failure. Covered when price bounced from LOD. Went long on the BOF of LOD. TP at BRN. Price is still below BRN 7900. If it gets accepted above this level, it will be a BOF of 26092014 low.I expect positional shorts to unwind then