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

LICHSGFIN fut 2015 Feb 05

Started within the previous range...A big red candle was formed....the next candle had a big tail near the PDL and it clearly says it is not ready to go down , OR price got rejected below PDL..

1. BO of PDC was a good buy. NOTE: Though the intraday range was not revealed the previous signals gave a clarity to go long...which was a good profitable trade.. exited with 3 points profit..(real trade)

the following analysis are a post mortem , which is easier to do than the trade...

2. TST_IRH was a sell signal , with a loss

3. BO of IRH was a buy .. but after forming a double top SL hit

4. BRK DWN of IRH was a sell which was a good trade ...

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 ....