Wish all of you a very Happy New Year. Lets dream big and achieve the financial success. This video by a professional trader, Anton Kreil is a good inspiration.
Thursday, 31 December 2015
Wednesday, 30 December 2015
Monday, 28 December 2015
Thursday, 24 December 2015
Took one trade as marked as BOF of PDC and yesterday's long narrow range. Had to scratch as it refused to move higher at that time. Missed the last up move as it came too late and thought risk would be high for that long trade.
I have made an announcement on my option blog. All option blog subscribers are requested to go through that post.
Wish all of you a Merry Christmas. Enjoy the holidays.
Wednesday, 23 December 2015
Tuesday, 22 December 2015
Monday, 21 December 2015
Today got some free time, so decided to trade. I posted the following chart in the morning on my option blog.
To followup on yesterday's video on OSM, I am posting this chart which captures the price move few minutes after the open. As you can notice, as marked OSM acted as good support. Now with that information and a small gap that got filled, we can look to buy above PDL as BOF of PDL if it so happens.
Fortunately, I did give an opportunity to go long. Marked on the chart,
Target was PDH but it started consolidating before touching PDH and I booked it out.
Done for the day.
Saturday, 19 December 2015
Today I have made a "Tricks of the Trade" video on something about significance of an origin of the significant move. It will be from now onwards called as OSM (origin of the significant move). The concept of OSM deals with significant mismatch of supply and demand. If there was a significant mismatch of supply and demand earlier at some level, when the prices revisit that level again, we can expect the mismatch again and hence some kind of favorable price move. It can be applied to any chart, any timeframe. It will work on daily chart as beautifully as it works on 3-minute chart. I may explore the possible ways to trade using this concept in combination with the current DP system of trading in future. Let me know your thoughts about it.