Thursday, 31 December 2015

Happy New Year

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.




Nifty Future 31122015


Took two trades as marked. First one was scratched.  On second one lost patience a bit early and booked out.  Missed the late last up move.
 

Wednesday, 30 December 2015

Nifty Future 30122015


Attempted one trade as BOF of PDH/PDC in the morning which ended as a scratch. Could not trade the down move, completely missed.

Monday, 28 December 2015

Nifty Future 28122015


Today again it traded in Tight Trading Range for most of the day. Missed the initial up move.  Then attempted two trades as marked. Both of them yielded some.
 

Thursday, 24 December 2015

Nifty Future 24122015


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

Nifty Future 23122015


It traded in a narrow range for most part of the day.  Took two trades as marked on the chart. First was scratched and second one yielded a little. 

Tuesday, 22 December 2015

Nifty Future 22122015


There were two possible trade setups as marked on the chart. Could trade the first setup in afternoon which yielded a little.  Missed the down move completely.

Monday, 21 December 2015

Nifty Future 21122015


Today got some free time, so decided to trade.  I posted the following chart in the morning on my option blog.

http://2.bp.blogspot.com/-EWVFz3QHF_k/VneFuzg98YI/AAAAAAAABdA/t-MFf157GKc/s1600/211215_1.jpg

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,

http://4.bp.blogspot.com/-uGlaW9BX82Q/VneHLaoLIzI/AAAAAAAABdM/qkxdWH6L7n0/s1600/211215_2.jpg

 Target was PDH but it started consolidating before touching PDH and I booked it out.
Done for the day.

Saturday, 19 December 2015

Origin of the Significant Price Move

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.









Friday, 18 December 2015

Nifty Future 18122015


Seems a tough day to trade.  Though I could mark two possible trade entries in hindsight per the system, probably one would find it difficult to initiate real time.

Thursday, 17 December 2015

Nifty Future 17122015


It opened full gap up after an over-hyped event by media. Refused to go up further.  One could have entered short on BO of small consolidation below PDC. Then it remained in a narrow range and gave a wonderful PP kind of trade setup to go long.  Did you take that trade?

Monday, 14 December 2015

Friday, 11 December 2015

Nifty Future 11122015


It opened at PDC and started trading below BRN 7700.  Marked possible trade entries per system in hindsight.  All three of them moved well.

Thursday, 10 December 2015

Nifty Future 10122015


It traded within previous day's range whole day.  I could spot two possible long entries as marked in hindsight today.