30.11.2015 Monday

CHART SHOWING ACTUAL TRADES

HINDSIGHT VIEW

                                                      

26.11.2015 Thrusday

CHART SHOWING IDLE TRADES

(HINDSIGHT VIEW)

Did not trade today as being expiry day. Chart showing hindsight view. Only one opportunity of Long on BO of IRH with target being PDH. Exit the Position when second attempt to break PDH failed. No other good setup.

24.11.2015 Tuesday

 CHART SHOWING ACTUAL TRADES

CHART SHOWING IDLE TRADES

(HINDSIGHT VIEW)

Today also, i was trying to control my greed to enter into trade when i see a channel after break. You can see my greed on chart, in all trades, i have entered on the same candle on which i have exited. 

It is quite difficult to follow the simple rules but if you could able to follow them, it can convert the situation upside down.

23.11.2015 Monday

CHART SHOWING ACTUAL TRADES

CHART SHOWING IDLE TRADES

(HINDSIGHT VIEW)

As usual another day of over trading or desperation trading and ended the day is loss. Initially first trade taken was excellent trade. Thereafter took three trades simultaneously which was disastrous.

Trying my level best to control this emotion but failing again and again. Will try another day to be in control to avoid this type of situation.

Closing The Gaps

There was an wonderful post by ST sir titled "Closing the Gap". From today onwards, i will be posting two charts.

Please read the full post on ST sir blog. Link to the Post.http://niftynirvana.blogspot.in/2012/04/close-gap.html


No. 1 Chart will be showing the actual trades taken by me

No 2 chart will show the view in hindsight

This exercise will allow me to compare my actual performance to the idle performance and will enable me to correct on my deficiencies and help me in closing the Gaps.

19.11.2015 Thursday

CHART SHOWING ACTUAL TRADES

CHART VIEW IN HINDSIGHT

18.11.2015 Wednesday

CHART SHOWING ACTUAL TRADES

CHART SHOWING VIEW IN HINDSIGHT

Quite Inspiring !

Inspirational Thought

Thought i should upload this video as i find it very much inspiring for myself.

Lesson Learnt: Enlighten yourself first then only you can enlighten the world.

Now a days i am fighting with the life threatening disease that is called Over Trading/Revenge Trading. I decided not to post till the time i recover from this grave situation. 

04.11.2015 Wednesday

Prices opened full gap up above the PDH and were unable to sustain above previous day high. Wanted to enter short on the marked location in above chart but unable to do that view I was busy in setting up software and trading module of newly joined broker. I exited the previous broker due to high brokerage only otherwise quality and services provided by them were excellent.

Prices found very choppy and did not found any good trade setup today. At 10:54 Prices Tested the BRN-8100 level and bounced back to the previous day’s range high. After testing the previous day range high, prices started falling down. Expected a BOF on re-test of the BRN level or BO of the BRN. A minor trend line was forming from previous day’s last two swing lows. Noticed that price momentum was slowing down considerably when prices approaching the Trend line and BRN. Went Long on the first green candle which gives me an indication that Bulls have come in.


Prices have broken out in the next candle and went up to test the previous day’s range high and after trading in a range at the previous day’s range high, prices have fallen down to test the trend line. After testing the trend line support prices again bounced back to previous day’s range high. When prices moved up to test the previous day’s range high second time, moved my SL to feasible possible position so that if prices again reverse sharply from this level then I should exit at least some profit. The same thing happened and exited by booking a small profit.
   

03.11.2015 Tuesday

Entered Long on Direct BO of Opening Candle Range High. Exited on Breakeven when prices failed to Go Up in second attempt.

Second Entry was short on Below the Low Line of Symmetrical Triangle made after the BO of BRN. Also exited on Breakeven when prices failed to go below the Low of BO Bar in second attempt.

Did not attempt any other opportunity after that due to low volumes traded on Nifty and Money Management Rule.

02.11.2015 Monday

 

Today I did not trade. The below commentary is the view in hindsight only with my limited knowledge and experience.

Market opened within previous day’s range below the PDC. Attempted to test the PDC level and failed. Prices has broken the PDL and found resistance at RN-8050. A BO pull back happen of PDL as marked location A. BOF happen on pull back of last BO level triggered  an short entry as it also complies our zone theory rule and also the current bias rule . The position will be scratched when BO of RN failed and formed a hammer candle as it shows that buyers are stopping the prices to go below this level and some big money is buying there which is stopping the downfall. Prices went up and FTC at PDL at point C. Prices came back to RN after FTC at point C. Prices found resistance to go below RN as we can see overlapping candles near RN. Finally BO of RN happened where buyers have given up their buying. After BO prices pull back to test the low of last BO hammer candle of RN and FTC. A short entry triggered at point D as it also complies to our zone theory and current bias rule. The downward movement of prices are stopped out at 8031 and prices moved within the range of the candle made at 11:33. This candle becomes the master candle. First attempt to BO the low of master candle happened at point E. Exited the position when prices had failed to go below the low of master candle second time. Prices have gone up to test the RN which is the last BO level and FTC. Avoided the entry as prices have refused to go below the day low three times earlier. Prices approached to day low level and a BOF of day low triggered the long entry. Will avoid to take this entry as it is a counter trend entry and the FTA is very close to it and also it does not comply the zone theory.