Friday, 21 April 2017

Nifty Future 21042017

It opened full gap up but there was no follow through.  This was the first sign of weakness.  After that traded in a very narrow range below PDH for a long time. Second sign of weakness.  Made an attempt to reverse but failed.  Another sign of weakness. Then broke out below the range which confirmed the weakness and presented a BPB setup.  The trade moved very well. Towards the fag end it made multiple attempts to break BRN but failed.  Did not expect a V shape reversal at that time and hence avoided BOF of BRN.

Thursday, 20 April 2017

Nifty Future 20042017

It opened within previous day's range.  Attempted a BPB of PDH which did not work.  After that it formed a range envelope without giving any further setup to trade.

Wednesday, 19 April 2017

Nifty Future 19042017

After a big move yesterday, it was expected to remain range bound and it did exactly same.  The BO came very late and could not be traded.

Thursday, 13 April 2017

Wednesday, 12 April 2017

Nifty Future 12042017

There was no way to catch the rapid fall in morning.  After that it consolidated for some time.  Now here it presented a very good pressure play setup.  There was no hesitation at all to trade this powerful reversal pattern.  It moved as expected very well.

I have been trading stocks in morning hours with other traders.  They were prompted about the setups with targets and SL in advance.  They required to focus only on good trade execution.

Here I am sharing the results of stock trading this month so far.  Setups are easy to find and plenty, not much waiting for the targets and amazing results.

Total profit comes to Rs. 28285 for 1 lot of stock futures which is fantastic given only couple of hours of trading involved.

Monday, 10 April 2017

Nifty Future 10042017

It opened within previous day's range and formed a range high.  Taking the direct BO at range high was not a good setup so avoided it.  When this BO failed, attempted a short trade which reached the target of 9200.  

Friday, 7 April 2017

Nifty Future 07042017

Today again the gap down open was very tempting to go for the blind long trade.  After that prices remained range bound  There was a direct BO long entry possible above range high (blue line).  However, it was a mediocre kind of setup, hence avoided.  After filling the gap, it refused to move higher.  If buyers had enough strength, after filling the gap, we can expect prices to continue to move higher. Failure of this presented a nice BOF short trade as marked which moved exceedingly well.