Saturday, 9 December 2017

Three possible price movements at the level

Let's discuss something about likely price behavior whenever it approaches a good support/resistance level or a decision point and how we can improve our success rate while trading at such level.

Whenever price approaches a good level, be it decision point or support/resistance, traders will be ready to trade at that level.  Majority of the traders normally believe there are only two possibilities, i.e. prices will either break that level or fail to break the level and in that process give them a trading opportunity.  If the prices are able to break the level, they will trade in the direction of the breakout.  If the prices fail to break the level, they will fade the breakout.  However, in trading, traders often tend to neglect one more possibility and that is prices doing nothing at that level.

There are always 3 possible ways prices will react at the level.
1) Prices able to successfully break the level and move subsequently in the direction of the breakout.
2) Prices may or may not make an attempt to break the level and fail.  After the failure, prices reverse the direction.
3) Prices don't do anything at the level and just move around the level spending time there.

Have a look at the below picture to understand these three possibilities price action wise,


If a trader likes to trade only a breakout, he/she needs to accept the fact that blindly trading breakout of the level can give success only 33.33% of the time.  Same way if a trader is focusing only on trading breakout failures, the likely success percentage will be only 33.33%.  So it is possible that rest of 66.67% of the time, prices will likely do opposite of what a trader did.

Now, in order to improve the probability of success in trading, much better than 33.33%, no matter what we trade, breakout or breakout failure, we are required to explore other important aspects of trading.  There are certain methods/patterns/tactics that we can use for confirmation of breakout or breakout failure to improve the success and take better trading decisions.  We also need to work on proper risk management, position sizing etc to improve the win ratio.  For an example, a trader trading only breakout will make sure risk reward ratio is at least 1:3 or 1:4 every time he/she takes the trade.  If a trader is tilted more towards proper position sizing, he/she will enter at breakout with least minimum quantity and if the trade moves in favor quickly then only will add more position upon price confirmation.  A trader will also work on proper money management by risking only certain percentage of capital (0.5% or 1% of capital) for each trade.

Thus, it is very important that we successfully apply price reading skills, confirmation, proper risk management and position sizing to each trade and improve our chances of making money substantially.

Wednesday, 6 December 2017

Nifty Future 06122017


It was an RBI event day.  Prices traded in a narrow range in the morning session.  It was difficult to short on break of BRN/PDL ahead of the event.  But once the event was out, it was possible to short at the same location.

Tuesday, 5 December 2017

Nifty Future 05122017


It opened full gap down with trend.  The first down move towards BRN was quick and sharp, difficult to catch.  After that BOF of BRN was a good setup to go for long.  In afternoon it again made an attempt to break BRN and failed giving another opportunity to go for a long trade.

Sunday, 3 December 2017

Thursday, 30 November 2017

Expiry Day

On expiry days, Nifty option strikes of 50s and 100s tend to work as a very prominent decision point.  Nifty future price will do something at these strikes for sure.  It will either get accepted or rejected there and provide us good opportunity to trade.  Today's price action on expiry day in Nifty future explains this very well.  Have a look,



Tuesday, 28 November 2017

Nifty Future 28112017


It traded in barb wire around BRN for majority of the day.  Rejection after BOF from range high/PDH was very quick to short at top of range but at range low it did give BPB setup to short which moved nicely.

Thursday, 23 November 2017

Nifty Future 23112017


Trade setups as marked on chart
1) Direct BO of Range High:  It seemed prices consolidated enough, yesterday as well as today in morning session, so a direct BO trade was possible to go long above it.  Also prices refused to trade below PDC.
2) BOF of PDH/Range High:  Prices got immediately rejected from PDH even after a good BO from consolidation, so this BOF was a good setup to short.
3) BOF of PDL:  Normally, it is difficult to go for a reversal trade after a straight line fall of 80 points.  After such fall, one would expect some consolidation or continuation of down move rather than reversal.  However, there appeared good liquidity pool just below PDL which would provide confidence to go for the long.

In case you are wondering what is High Volume Node.  It is nothing but the volume value area.  Volume value area is the price area where maximum trading activity takes place during the day. Often this volume value areas work as a support/resistance because this is the area where markets found value earlier.  In Amibroker, you can find it here, Window>Charts>Basic Charts>Volume at Price Multi.


Please share this post on your social networks if you learned something useful in trading and want others to benefit from it.

Thursday, 16 November 2017

Nifty Future 16112017


It opened within previous day's range and traded in an initial range for first couple of hours.  After trading in the narrow initial range it could break out successfully from overhead resistances in the form of BRN and PDH.  After the successful BO, a BPB setup was possible to go long.  It then traded in a narrow range again but respected the flip and range low.  BOF of PDH/range low as marked was another good setup to go long.

Wednesday, 15 November 2017

Nifty Future 15112017


It opened full gap down at BRN and traded below it forming a narrow range.  It spent more than 3 hours in 25 point narrow range, hence a direct BO setup to go short was possible. Confirmed BPB setup to go short was also possible as marked and yielded 45+ points.

Monday, 13 November 2017

Nifty Future 13112017


It opened within previous day's range and got rejected from PDC but found support at BRN.  BOF of BRN was a setup to go long.  Prices could not move much after this and traded in a range.  Direct BO to go for a short appeared good setup after the complex pullback and moved well.

Friday, 10 November 2017

Nifty Future 10112017


It traded in the range for most part of the day.  When the breakout from Range High got rejected at PDC, it turned out to be a good breakout failure setup as marked.  GST News flow added fire to it.  Last V shape up move was not possible to catch.

Wednesday, 8 November 2017

Nifty Future 08112017


It traded in the range for majority of the day.  In the afternoon it seemed like it was going to break PDL/LOD.  First attempt to break turned out to be a false one but second attempt was successful.

Monday, 6 November 2017

An astute trader made Rs. 1 lakh in just 2 months from day trading

Let me take an opportunity to introduce to you an astute trader, Mr. Jimit Shah from Mumbai.  Few months back he decided to start trading with me in stock futures.  Upon my request, he shared his P&L report of around 2 months of trading.  I am very happy to share with you that he could make around 1 lakh of net profit after deducting all expenses.  Lets congratulate him for his achievement.  He was able to combine his existing trading knowledge with my trade setups and traded with full confidence and conviction. Here are some Telegram chat excerpts.



And here is his P&L excel sheet where he took an effort to put both my trading calls and his actual trades together in one sheet.  Click here to have a look.

If Mr. Jimit Shah can make such money from trading, you can too, why not?


Sunday, 5 November 2017

This is how intraday trading produces results

As you all know, I have been helping other traders to make money from day trading by allowing them to copy my stock future trades for last 7 months. I always give them in advance precise level to enter and exit so that they can place their orders comfortably in time and enter and exit at suggested price levels.  There is no denial of the fact that traders who are able to trade with discipline end up making money.  Here are actual P&L reports shared by Kiran and Vivek to prove my point about trading with discipline.  Those, who were able to trade with discipline like Kiran and Vivek, ultimately enjoyed profits and found reason to continue to trade with me.  However, those, who just joined in hopes of making quick money in short span of time, never really followed rules and discipline in trading, hence could not continue to trade beyond few weeks.

I have always believed trading is all about taking a series of trades, hundreds and thousands of trades over a period of time.  Consistency and discipline are the key to success in trading.  We need to continue to trade per system without worrying about short term results.  If we are able to follow our trading rules with discipline, at the end of series of trades markets will definitely reward us handsomely.

To prove the importance of following rules of trading with discipline, I produce here review of my trades that were shared with others in advance.  There is not a single trade which others were not able to take. They always had enough time to place orders.  Also all the entry and exit levels are actual levels without any discrepancy.

I had the trade data of more than 200 trades to assess, so I thought let me do some review and see how intraday trading produces results.  I divided all trades in the series of 20 trades to help you better judge the performance. Here it is,


1) Total number of trades 219 in 7 months, around 2 trades per trading day.
2) Total 11 series comprising 20 trades each.  All 11 series produced profits.  There were some bad phases where consecutive trades, 4 to 5 trades in a row, hit SL.  However at the end of 20 trade series, there was no loss at all.  Out of 11, 9 series produced more than 20 to 25k profits and only 2 produced less than 10k of profit. In total 3 series, profits were as high as 45k to 55k.
3) Total profit with the capital of 1 lakh, trading only one lot at end of 7 months was in excess of 3 lakhs, averaging 45k per month.

So in nutshell, this is how as a day trader we make regular income from trading.  All we need is belief in our trading system, conviction in it in tough times, consistency in trading and strict discipline.

If you are ready to commit yourself to day trading, able to take risk, want to develop good qualities of a trader by being consistent and disciplined in trading and earn regular income from trading, you can join me to trade stock futures in morning hours. I assure you I will make every genuine effort to support you, guide you to become a good trader and help make regular trading income.

Send me an SMS to 7990610006 (please do not call, only SMS) to know how you can start trading with me.

Here is month wise trading performance sheet in case you want to do your own data review,

1) April 2017

2) May 2017

3) June 2017

4) July 2017

5) August 2017

6) September 2017

7) October & November 2017


Friday, 3 November 2017

Thursday, 2 November 2017

Nifty Future 02112017


After yesterday's trend day, today there was an expectation of rangebound day.  It did in fact remain rangebound whole day.   There was only one TST setup to short at PDC which was difficult to trade given the overall bullishness of the markets.

Wednesday, 18 October 2017

Thursday, 12 October 2017

Bank Nifty Future 12102017


It tried to break out PDL in morning but failed and after that traded in a narrow range for most part of the day.  Once the Indusind Bank quarterly results got announced, it made an attempt to break the range and the breakout turned out to be successful.  A BPB of HOD/Range High/BRN was a good setup to go long.

Tuesday, 10 October 2017

Wednesday, 4 October 2017

Real P&L for September 2017 Stock Future Trading

Today, once again it gives me immense pleasure to share with all of you 100% real P&L report of September 2017 for trading in stock futures in morning session.  It was shared by Vivek who has been trading with me for last one and half months.


Total gross profit for September month is Rs. 25701 from trading only one lot and spending only couple of hours a day.  This was his first full month of trading and he was able to catch all trades.

Now to make it easy for you to compare his trades with my calls, here is my call performance.

There is a difference of Rs. 15000 between my call performance and Vivek's gross profit which is mainly due to slippage cost while entering and exiting out of the trade.  Regarding slippage cost, it is something we cannot avoid in trading.  So I advised him to try to adjust the slippage while exiting out of trade whenever possible and he tried his best to do it and got fantastic results.  I congratulate him for this achievement.

Last month, if you remember, I shared with you Kiran's P&L report where he also got almost same results from trading with one lot.  All these should give enough confidence that if someone is able to trade with 4 lots, earning 1 lakh per month by spending only couple of hours a day is just a cakewalk.

Please note that the only purpose of sharing all these is to demonstrate you that money can be made from short term trading with proper discipline and risk management.

Friday, 29 September 2017

Reversal Setup Trade in Hindpetro


Today I took my morning trade in HINDPETRO.  It was a good reversal setup to trade.  More details are here.

1) Was in established downtrend for last many days and today opened with CT full gap, along the same lines of Nifty.  This was the first sign of reversal.
2) After the open, it got comfortably accepted above PDH and gave a successful follow-through confirming the short term reversal.
3) There was a positive news flow which provided fuel in the fire.

An entry was taken above 422.85 with the target of 426.20.  As an end result, 2R (1:2 risk reward) target was met in less than 15 mins.

As you all know, I started stock trading service to help other fellow traders. This trade setup was shared with all others well in advance who are part of it. Also happy to share, as usual, a call performance for this month ended with big profit of 40K+ per one lot.

Now I have decided to stop accepting new members for stock future trading service.  So please do not send me any request related to that.  I will like to continue only with those who are already a part of it, willing to take risk and believe in me as a day trader.

Nifty Future 29092017


It opened CT full gap up and there was a follow through.  After that it consolidated for a good amount of time.  A direct BO above this consolidation could have been tried which moved well.  A fall from the top was difficult to catch.

Tuesday, 26 September 2017

Nifty Future 26092017


After 2 consecutive big down days, today expected it to take some rest and consolidate.  It did exactly the same and remained range bound and provided opportunities to fade the range extremes as marked on the chart.

In fact, markets have behaved exactly as expected this month.  Read it here.  On daily time frame it got rejected from upper range extreme and now approaching lower range extreme.  Lets see what it does there.


Thursday, 14 September 2017

Nifty Future 14092017


It traded inside previous day's range whole day.  In afternoon it formed a barb wire around BRN and once it broke out successfully, BOF of BRN trade was possible as marked which ended as a scratch.

Tuesday, 12 September 2017

Nifty Future 12092017


It opened full gap up and consolidated.  Once it broke out of initial range, it presented a setup to go long.  After that it again consolidated and breakout of this narrow range was a good trade setup which moved well.

Monday, 4 September 2017

Nifty Future 04092017


It opened and traded within previous day's last range.  A trade setup emerged once it broke below that range's low.  This was the only tradable setup of the day.  BOF of BRN in the afternoon is not a good setup to trade and hence avoided.  The reason is simple.  Prices need to consolidate after a good move and V shape reversals happen rarely.

Friday, 1 September 2017

Real P&L of stock future trader

I feel very proud and happy to share with all of you a 100% real P&L report of August 2017 for trading in stock futures in morning session.  It was shared with me by Mr. Kiran upon my request and here I am sharing the same with his consent.

Let's say you are a bit overweight and want to lose some weight.  For that you decide to join a good nearby gym.  In the gym, the instructor gives you a diet plan, shows you some exercises, guides you about the different exercise equipment in the gym and motivates you to lose weight.  Now it is up to you to follow all those instructions, do regular exercises, strictly maintain diet plan and remain committed to weight loss.  If you are able to do that, no one can stop you to lose weight and become healthy once again.  The gym that you joined only provided support and help to achieve your goal. Ultimately, you were the one who did all the hard work, controlled all the emotions within you and kept going.

This is exactly what Mr. Kiran did while trading with me in stock futures. He strictly followed the trade plan with discipline keeping emotions away and got results.  Here is the P&L,


Lets congratulate him for his achievement and thank him for inspiring us and making us believe that yes, it is possible, it is possible to make good money from trading.  Today it may sound a small amount of Rs. 20k but tomorrow there won't be any difficultly in growing it to 2 lakhs or 20 lakhs or 2 Crores.

If you are really serious about day trading like Mr. Kiran and wants to earn a regular monthly income by spending only couple of hours in the morning, you can join me and other 30+ passionate traders for highly profitable stock future trading.  Click here for all the details.

Keep visiting this blog for such success stories of traders.  Last month I shared one and in future also I would like to share more.
  

Tuesday, 29 August 2017

Bank Nifty Future 29082017


It opened below PDL and seemed to get accepted there.  BPB of PDL was a good setup to short and benefit from morning move.  In afternoon, it again presented a setup to short on BOF of range high which also moved well.

Monday, 28 August 2017

Nifty Future 28082017


It opened above PDH and took support exactly there.  Once it got accepted above PDH and BRN, a BPB setup to go long emerged which moved well after testing some patience.

Friday, 25 August 2017

Nifty analysis for next month

Lets have a look at its daily chart and try to figure out what exactly is going on there.


On daily chart, it seems to be in a nice strong up trend since start of this year 2017.  In an up trend like this, money can be made by buying into every pull back or buying at range low.  

After making a high of 10137, currently it is pulling back or doing a small correction.  Also it seems like it is in the process of forming a range like this,


If it has really started to consolidate, which seems likely, then 9700 to 10100 is the range to trade.  If it remains in this range, then buying at range low close to 9700 is the right thing to do.  If 9700 level does not hold and it breaks out of it, then it can likely test 9450-9350 levels.

Thursday, 17 August 2017

Nifty Future 17082017


The most easiest day to trade Nifty with DPs and price action.  After a big move yesterday a rest was expected.  It did exactly the same.  BOF of PDH/BRN/LOD was the perfect setup to go for a long.

Wednesday, 16 August 2017

Nifty Future 16082017


It opened minor gap up but could not sustain and tested support at PDL BRN.  Once it broke out of HOD, it presented a nice BPB setup to go long which moved well.

Sunday, 13 August 2017

Financial Freedom

Financial freedom is much more than having money.  It is the freedom to be who you really are and do what you really want in life.


Financial freedom can be achieved while still focusing on your current job or profession or business or your own trading.  One of the most convenient way to achieve financial freedom without losing your current income stream is through day trading in stock futures under my guidance and support. Click here to learn how.

I have been allowing other passionate traders to trade with me for last 6 months now.  The overall results have been very good.  Money has been made every month, month after month.

This August month is turning out to be an awesome month for trading.  Out of 16 total trades this month so far, 11 trades made money and majority of them hit the maximum target that we set for the day.  The success mantra for us is "whenever we lose, we lose very less and whenever we make money, we win big." The results speak it loud.  Whenever we won, we made profit like, Rs. 9000+, Rs. 8000+, Rs. 5000+.  And whenever we lost, we lost only Rs. 2000+.  As an end result, this month's total profit is Rs. 35000+.

Join me now to trade under my guidance and support and achieve your financial freedom.

Friday, 11 August 2017

Nifty Future 11082017


It opened full gap down.  Same as previous day, made an attempt to fill the gap and reversed. There was a TST setup to go short at PDL BRN but was difficult to trade.  At LOD a direct BO or BPB was possible for a short trade.

Thursday, 10 August 2017

Nifty Future 10082017


It opened full gap down but could not go lower.  After that it reversed and filled the gap but again failed to move higher. Once it started getting accepted below BRN, a short setup was possible around 1 o'clock as marked with the target of LOD.  Another short setup was a direct BO of range low which also moved well.

Monday, 7 August 2017

Narrow range day in Nifty


It was a 30-point narrow range day in Nifty, not giving any good setup to trade.

This was not the case with overall market.  There were plenty of good quality stocks moving 5% or more.  I could find and trade one good setup in stock futures which generated a profit of Rs. 5900 per lot in less than 10 minutes.  What else you want in such dull day?

Sunday, 6 August 2017

One week performance report of stock trading

It was a superb first week of August month for stock trading.  It was possible to earn Rs. 15000+ in just 3 trading sessions with one lot.

Have a look,
First trade in HEROMOTO alone generated profit of Rs. 6000+ but I have not considered it in performance report because some traders trading with me missed it.  If I add this trade's profit to it then the total profit comes to Rs. 21000+.

If you have not yet joined me for trading, join me now and start earning like this.

Click here for more details.


Saturday, 5 August 2017

BATAINDIA Trade Setup


Here is the daily chart of BATAINDIA.  It has broken out of 5 month long consolidation with big volumes after a positive news flow.  One can look to buy it on pull back towards around 605-595 level with the target of 710-750 in next 4 to 6 months and SL 560.

Friday, 4 August 2017

Nifty Future 04082017


After the open today it failed to break below PDL and formed a narrow range.  Once it broke out of this narrow range successfully, it presented a powerful BPB setup to go long which yielded handsomely.

Thursday, 3 August 2017

Nifty Future 03082017


It opened just below PDL and traded around it for some time.  Later it pulled back to PDL and failed to break it.  This attempt to break was rather FTC kind of setup to go for a short.  It then broke LOD and moved much lower.

The above chart is prepared from Alpha Trader by SAS Online. It is more of a replica of Pi from Zerodha but much much better from Pi.  Also Alpha mobile app is there with lightening fast trade execution and confirmation.  If someone is looking for a good discount broker, SAS Online now has lot more to offer apart from just Rs. 9 brokerage per trade.  I have never experienced a single glitch since I started trading with them around 3 years back.  You can always mail me, charttechnicals@gmail.com to inquire more about SAS Online and my experiences with them.