LT Fut 2016 Aug 01

My comments embedded in the chart..

Its just a reading .. I dint do trade...

The challenge is .. to keep doing nothing until it is clear ...

LT Fut 2016 Jul 05

My take on LT on todays chart, with comments embedded in the charts..

..

LT Fut 2016 Feb 10

One more chart of similar pattern today, which I didnt do...

LT fut 20160201

It opened with a huge gap-up, signifying the strength. However , based on the previous resistance it encountered at 1155-1160, it needs to be watched at that area. It gave up easily , resulting in a sell signal.


PDH & PDL didnt have any relevance today.

LT fut 2015 Jun 18

0. opened comfortable above the PDC and went above PDH. It could have been considered buy. TP on FTC

1. TST-PDH is a buy with IRH as target. .. but need to TP as there was a FTC (profit : 2 points)

2. BOF-PDH is a buy again, with the previous swing top /IRH as target ..but need to TP as there was a FTC (profit : 2points)

3. BO- PDH was a sell , with IRL target, but there was very little space for this trade .. ( (profit : 2points)

Lets count daily : 6points

LT fut 2015 Jun 16

LT fut 20150616:


0. This buy is a failed signal .. (loss 5points)

1. IRH resisted ..hence a SELL with the tgt as PDL ( profit : 2points)

2.BO-PDL is a sell again.. when it failed to go down TP (profit : 0 points)

3. failure to go below LOD was a buy. TP when it failed to above HOD (profit : 14points)

Its possible to have lost if you have traded a buy signal in the circled area .. BO to above PDL .. (loss of 5points )


As usual hind sight analysis is easier than LIVE trading

Profit +6(lets count daily)

LT Fut 2015 Jun 12

LT Fut 2015 Jun 12:

Opened with in the Previous day range.. Formed an Intraday range.

0. Failure to go below PDL was a buy , but since the PDC is very near, it may not be a good idea to get in LONG (Profit :1 point)

1. Started trading below PDL. However there was no clear message of price BO- PDL. Its better not to trade these signal

2. After significanlty coming down, failure to go above PDL is a sell signal, which didnt go below LOD-1 at that moment...hence TP. (Profit :3 point)

3. Break below LOD1 is again a sell, but the signal failed to go below.(Loss : 10 points)

5. kind of double bottom, with LOD -2 holding .. is a buy.. however, the long green candle has already reached near the PDL with very less profit potential.. if you are clever you should not trade ..(profit :1 point)

6. Failing to go above PDL is a SELL... with very less time for EOD, we may not get commitment from day traders.. hence better to skip...

Overall the day could have been a LOSS day ...

Todays count : Loss -10points

LT fut 2015 Jun 11

LT fut 2015 Jun 11:


Opened above PDH , but could not sustain, came down immediately.
As the FTA- PDC is nearby, no need to go for short.

1. Trading below PDC gave a sell signal, which immediately hit SL. (Loss: 5 points)

2. Trading below PDC again gave a sell signal, with target1- BRN, target2-PDL. It did reach target2.(Profit: 25points)

3. After hitting PDL, started moving UP again , gave a buy signal, which got resisted at 1700 spot , so TP ( Profit 2 points)

4. Formed a kind of double top at 1700 spot, which says its not ready to go up beyond 1700 spot, hence a short again with PDL as target 1. When it didnt go below PDL , TP again at 5.(Profit 10 points)

Profit / Loss : +32 points

Discalimer: It is a hindsight analysis and the profits are notional and not real unless really executed.

LT Fut 2015 June 10

LT Fut 2015 June 10:
Plan: As the LT was trading in a range the major part of the previous day, break out below or above shall be exploited...


Day opened & immediately the previous day range was taken out..
.. comfortably traded above PDH and the price was accepted above PDH.

1. Any buy within 10~15min of BO-PDH, would have easily fetched 5~10points..

2. TST-HOD gave a sell signal, which was so late to trade. Assuming that it was traded , it is possible that we would have closed EOD with no profit or loss..

As usual hind sight analysis is easier than LIVE trading

Profit +10(lets count daily)

LT Fut 2015Jun09

LT-Fut- 20150609

LT Fut opened near the PDC and traded within the previous day range, forming an Intraday range (IRH, IRL).

1. BO of PDL gave a sell signal, with a potential profit of greater than 5 points..

2. However immediately it recovered forcing to exit with no profit no loss

3. BOF-LOD gave a buy signal with the first target as PDL, which easily gave 5 points


Profit +5(lets count daily)

LT fut 2015 Feb 24

Plan:
Since the previous day closed near the high. If it opens with gap up, it is expected to come down & take support at PDH , PDC

Execution:
As expected PDH & PDC gave a support for a 4 point profit

Analysis:

1. I thought , this '1' identified is the IRL. Hence did a sell with candle top as SL. SL hit . The DP method recommends to hide the SL behind the DP ( here PDC, PDH). Would have been saved , if its done.

2. One more IRL. Again SL hit

LT fut 2015 Feb 19

Plan:
It was an inside day yesterday. Hence, exploit when it breaks out of the range (PDH, PDL).

Execution:
1) Executed the plan. Long on BO-PDH, exited with profit of 4 points.

Analysis:
2) BOF-PDH hit SL

3) BO - PDH hit SL

4) TST-PDL, BOF-IRL-LOD is a buy ... but it is difficult to execute as it is a LOL (layer of layer)

5) BO- HOD is a buy.

Overall there were 2 whipsaws & 1 possible trade seen.
Its easy to do hindsight analysis.

LT fut 2015 Feb 16

Plan:
I had position of long LT at PDC. Wanted to see , if it can cross PDH, then hold it ,... or exit near PDH.


Execution:
Did as per the plan.

Analysis:

1. It struggled to cross PDH. It is a short from there, with the candle top as SL, with th target of PDC & PDL... came down easily .. even before the intraday range is revealed...

2. After the intraday range is revealed, there was a TST of IRL.. which is a buy with the BRK DWN of IRL as SL & target of PDL. It again hit IRL ..with a pin bar, and then the tgt.

Position:
As it is holding BRN 1650.. Im long again ...

LT fut 2015 Feb 12

Plan:
The positional view is, buy at around BRN 1600. So wait for opportunity

Post mortem:
Opened with in the previous range...made an attempt for BO-PDH. Since the intraday range is not clear... no execution

1. BRK-DWN-IRL gave a sell signal, which failed at 2. & gave a buy signal with IRH as tgt

3. BO-IRH gave a buy which was a good one..


Since a buy was being considered in the range of 1600... all the buys were missed thinking SL is too high...

As usual, it is easy to do postmortem.

LT opt 2015 feb 11

This pic is available in the link here ..



Just reading more on LT..

Observe that OI is heavily built up at 1600 & 1700 ... it shall be interpreted that 1600 is support &1700 is the Resistance..

Need to study &use this information.

LT fut 2015 Feb 11

Opened significantly up (just above BRN 1600) against the PDC , however within the previous day range...

2) 2 nd candle was a TST- PDH.. it receded ...possible short ... but intraday range is not there yet ..

3) Thought it was a BO-IRH... but got trapped , SL hit..

4) Major part of the day it was a BW around PDH and there was a BO-IRH... trigger for Long with the candle bottom as SL... SL got hit...


It was a LOSS day ...

Observation:
5) This area is BRN 1600 in spot....with 2 DP's (PDH, IRH) so near & above , its a low risk reward trade... which I would not recommend... but it turned out to be a good one ...

This the 2nd day after a huge RED day on 09/feb. It has to be read in that context....
The big picture is : it came down heavily from 1700... price got rejected below 1600... High probable that it will test 1650 -1700 again as this is the budget month ...

LT fut 2015 Feb 10

After a huge RED day , LT closed near the low of the day, yesterday... Today it opened just below PDL.

1) The 1 st candle with a long tail at the bottom, conveys that its not ready to go down further...

2) The next candle was a BO- PDL . Waited for a buy & went long on PDC , with SL as low of this candle.

3) Exited with a 10 points profit...which on hindsight looked like ..I could have waited till BRN 1600... The whole of this trade is completed even before the intraday range is revealed...

4) BO- IRH was again a buy ...with candle low as SL. And SL hit, which means its not ready to go above BRN.

5) So enter short again , with candle top as SL or wait till BRN & short again...with PDL, PDC, IRL as target..

As always its easy for a post mortem ...

LT fut 2015 Feb 06

PDC gave support ... Intraday Range is not revealed, yet ..The big red candle at BRN gave a clear signal that it is not ready to go beyond BRN...

1. BO- IRL- PDC - PDL , a big red candle was a sell , the long tail though is a tricky one... well, got to exit as it started moving up
...

2. After spending time abve PDC, a new range is being formed...so a buy abve PDC shall be taken... well got to exit again as there is a FTC (Fail to Continue)


3. This is the easy part.... BRN was a clear sell

Its all a post mortem at the end of the day

LT fut 2015 Feb 05

1. Started within the previous range ..Intraday range revealed
2.TST of IRH can be considered as a sell signal with DO or PDL as tgt
3. Again same as point 2.

My take:

4,5....As it broke BRN 1700 I was holding short position.. Today exited with just 4 points profit as I got Nervous after watching a whole day without going down .. while the nifty is making a swing of +130 to -25..... Also lately I realized 9/feb is the qtr result day for LT & I dint want to take chance on that part ...

LT fut 2015 Feb 04

1. BO of PDL gave a short signal..with the candle top as SL...& it hit...loss of 9 points...
Intraday range is not revealed & it need not have been taken ...
2. BO of PDL again ... SL being candle top was hit...
3. BO of PDL again ... SL again hit...
4. decisive BO of Day low , if it had been taken, it would have managed the day with limited loss..

LOSS day again ...