Wednesday, 24 May 2017

Register domain for Blogging will be moving to it from tomorrow.

https://www.daytradernifty.com/

This will be my new Blog address. Your valuable feedback is much appreciated.
Please do visit and comment.

May 24 2017 (-10)


Took one Counter Trend Trade. Stopped out No more trades. Expectation was of some short covering which may take the NF to 9400.(CM was down)

Monday, 22 May 2017

How to use Probability in your Trading



Note: I had plans of posting video on CM will do it in this week. Was not able to explain it in simple terms.
I think have figured out that. Watch out this space for CM video this week.

Links#
http://www.daytradinglife.com/wp-content/downloads/stmm-pdfs/multiple-losing-streak-probability-calculator.pdf


May 22 2017(-3)



One Trade didn't go as expected. Scratched.

Lemonade series - I

We have to count our blessing more.
 If god gives you lemon, he expects you to make lemonade of it and Enjoy :).
In this series we will explore blessing we have trading and Trading Nifty in particular.

1> Our levels are very clearly defined unlike other instruments#
Was talking to a friend who trades ES(Emini S&P) US equivalent of NIFTY. He spends lot of time searching for levels. Because it is traded 24 hours.He considers overnight levels and day levels which is very confusing and many times not beneficial. Also they use volume profile, pivots ....... List goes on.

Consider Our blessing: we are blessed with market which operates for 6:15 minutes. Gives a very good work life balance.
Because of such short duration levels are very easily defined , PDH, PDL, DH, DL. It is a nightmare to find these levels in ES.

Note# I am not saying trading in ES is bad, all I want to say is we have our own advantages try to recognize them and be grateful. Gratitude is an important attitude.

What do you think are our blessing ?

Thursday, 18 May 2017

May 18 2017 (+43)


Trade 1#  Confluence level (BRN and PDL). Short . Covered when 2nd push showed weakness.
Trade 2# Trend is down , BPB Expected this to move very fast. It became weak on Second push covered it.

May 17 (No Trades)


Thursday, 4 May 2017

May 4 2017 (bad Trade didn't marked OF point clearly)


Took long , exited early.
Reason#
1>On Initial Test Expected OF to kick in and take it higher,  Which my assumption went wrong exited. Expected BW kind of PA, but the OF was just a point above that :). --> Intellectual reason :)
Honesh answer#
2> May Be I wanted to show off how smart I am in managing trade :) not sure
3> Could be because of lapse in concentration. Late night movie effect .....
4> Fear of loosing

I think 2-4 played major role..

Monday, 1 May 2017

Big Picture Tutorial

Please find the Tutorial on Big Picture let me know your Feedback on Videos. Feel free.
Topics for DP system

  1. Big Picture
  2. Trend
  3. Range
  4. DP
  5. Space
  6. CM
  7. OF
  8. Risk
1,2,4 Done. Will post remaining in next few Days.