AXISBANK fut 2015 Feb 05

Started within the previous range...revelaed the intraday range

2, 3 .... Break of IRH was a buy ...but after a double top , it could not go .. so an exit at 3 with minor Loss

4. BO of IRH gave a sell signal with the tgt of PDC, IRL

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 ...

AXISBANK fut Feb 04

AxisBNK fut Feb 04:




Preplans

1. Based on the previous day big down trend day, I was planning to go short @ 600 around. It didnt happen.
2. Chances are if the PDL holds... it may go up... so planned to buy at 588 & close at 590 for a small profit. It did work . 2 points profit.

Live:

3. By the time intraday range is revealed... major action for the day is complete...
However the BO of PDC & PDL was a solid Red, which shall be taken as a short signal...

It is easy doing post mortem... had it been live.. dont know what all I would have done ..

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 ...

LT Fut 2015 Feb 02

1. The big red candle , I read it as BOF of PDC.
Did a short & SL hit... loss of 7 points.

As a matter of fact... this trade need not have been executed, as the intraday range is not completely revealed.

2. BO of IRH , is a good buy, but PDH is so near that there is a vey little space for the trade to move, hence it should be given a miss...

3. BO of PDH gave a buy , it could have given some points profit

4. Breakdown of PDH gave a sell signal, with IRH being so near... it's better to give a miss... , indeed it dint not go down beyon IRH....

5. TST Of PDC & DO was a good LONG... with so much space ...



Overall it was a lose day for me as I dint execute all the trades ....

LT fut 2015Jan30

1.First day of the series
2.Huge tail on the 2nd candle says its not ready to go up... but it is difficult to trade as the previous candle was solid green ...
3. Break of PDH & PDC gave a sell signal with the canlde top as SL, tgt as PDL. the trade has space to move...

... usually a solid full body is considered as a good signal...this was having a long tail at the bottom, which gave me a fear ... hence I exited so fast with a 4point gain....

4. BO PDL..., gave a sell signal. ...SL hit ...

LT fut 2015Jan29

This DP style of trading is more working for LT , than for CANBK, AXISBNK,LICHSGFIN.
The reason could be
1. We should account some amount of fluctuation also...for low priced stocks with huge lot size ... it is tricky to segregate the signal from the fluctuation.... may be it will work , if the signals are strong enough... but it has to be studied before we plunge in.... already I have burnt my figures enough ....

I will study LT daily for 1 month...