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Monday, 25 January 2016

RelCap Fut 2016 Jan 25

1. BOF-PDH is a buy. We can expect IRH. But it gave off fast. So unless, you are trading for 1 point, it is loss trade.

2. BO-PDH is a sell. Pull back gave a good opportunity to sell. But it was a Loss trade as it came up again

3. BO-PDH , gave another sell signal. It was a good trade for 7~8points.

Net is a profit trade.

TataMotors Jan Fut 20160125

Initial Candles gave a signal, that its not ready to go above PDH.

1. PDC gave a support , but there was no follow up.. if one has traded, it would be a loss

2. Clear signal of BRk-DWN-PDC. Attempted a short, below the red candle... it came up , hitting SL.

3. TST-PDH , is a sell signal. If one was holding , it was an excellent trade, to hold till the PDL. Bcoz of the earlier loss trade, I exited very early. (early exit due to Fear )

The net is a loss.

The lesson: The probability of success trades near PDH, PDL is more than the ones near PDC. Its lesson learnt earlier also... however, todays BRK_DWN_PDC was such a lengthy red candle, to ignore.

Its all in the game of fear , greed & patience ...

Thursday, 7 January 2016

TataSteel Fut 2016 Jan 07

It was known to be a gap down day(just dont know how much). Since TISCO was on a rally mode, it is assumed that lots of buys were in place. It will drift down a bit initally.
The gap down will trigger the week hands/retailers to exit. However, since i m bullish (based on the current day chart structure) I should look for buy opportunities.

...Day opened ...Perplexed ... confused ...waited for the chart to reveal its range ...
1..Looked like , it hold to 260 levels.. thought of buying...but with confusion I dint go long...then felt relieved when it came down..
2. There was a clear Breakdown of the range. jumped in short @259.6... immediately it started moving up ... lost and  booked at level 3 - 261.2 (Loss 1.5  points).Actual SL should be top of the red candle ..but just holding on the loss with hope dint help ...
 Immediately after booking loss it started coming down.

Hindsight reading:

Again LOSS would have happened , if entered Short in point 4. Because there also was a deep PullBack.

It looks like a cool easy drift down the whole day... one deep PullBack ... put me off...
When trading ranges, deep pull backs has resulted me such losses...

I dont have a strategy to get rid of this... every system has its own pros & cons... may this is one such negative point in this DP strategy ...

On a trending day like this, feel missed out ... that too booking loss though being on the right side ....
I just read some where
" It is us that goof up. Markets will always keep testing us "

Tuesday, 5 January 2016

YesBank Fut 2016 Jan 05

1. BOF-PDL is a buy, profit potential 2 points.
2. BOF-PDL is a buy, profit potential 4~5 points.

TataSteel Fut 2016 Jan 05

It was a kind of anticipation set-up. Refer Tata Steel day chart. It is already in the rally mode/ uptrend. The strategy is to buy on the dips for positional trades. Similarly keep a watch on the buy signals for intraday. Buy signals are BOF-PDL, BO-PDH.

1. BOF - PDH . It's a sell signal. Should have ignored as per my plan. But I did burn my fingers.

2. After a good level of consolidation near PDH, it gave a BO at 264.3. It gave a significant move after that. Profit 7Plus points