Thursday, 23 November 2017

Nifty Future 23112017


Trade setups as marked on chart
1) Direct BO of Range High:  It seemed prices consolidated enough, yesterday as well as today in morning session, so a direct BO trade was possible to go long above it.  Also prices refused to trade below PDC.
2) BOF of PDH/Range High:  Prices got immediately rejected from PDH even after a good BO from consolidation, so this BOF was a good setup to short.
3) BOF of PDL:  Normally, it is difficult to go for a reversal trade after a straight line fall of 80 points.  After such fall, one would expect some consolidation or continuation of down move rather than reversal.  However, there appeared good liquidity pool just below PDL which would provide confidence to go for the long.

In case you are wondering what is High Volume Node.  It is nothing but the volume value area.  Volume value area is the price area where maximum trading activity takes place during the day. Often this volume value areas work as a support/resistance because this is the area where markets found value earlier.  In Amibroker, you can find it here, Window>Charts>Basic Charts>Volume at Price Multi.


Please share this post on your social networks if you learned something useful in trading and want others to benefit from it.

Thursday, 16 November 2017

Nifty Future 16112017


It opened within previous day's range and traded in an initial range for first couple of hours.  After trading in the narrow initial range it could break out successfully from overhead resistances in the form of BRN and PDH.  After the successful BO, a BPB setup was possible to go long.  It then traded in a narrow range again but respected the flip and range low.  BOF of PDH/range low as marked was another good setup to go long.

Wednesday, 15 November 2017

Nifty Future 15112017


It opened full gap down at BRN and traded below it forming a narrow range.  It spent more than 3 hours in 25 point narrow range, hence a direct BO setup to go short was possible. Confirmed BPB setup to go short was also possible as marked and yielded 45+ points.

Monday, 13 November 2017

Nifty Future 13112017


It opened within previous day's range and got rejected from PDC but found support at BRN.  BOF of BRN was a setup to go long.  Prices could not move much after this and traded in a range.  Direct BO to go for a short appeared good setup after the complex pullback and moved well.

Friday, 10 November 2017

Nifty Future 10112017


It traded in the range for most part of the day.  When the breakout from Range High got rejected at PDC, it turned out to be a good breakout failure setup as marked.  GST News flow added fire to it.  Last V shape up move was not possible to catch.

Wednesday, 8 November 2017

Nifty Future 08112017


It traded in the range for majority of the day.  In the afternoon it seemed like it was going to break PDL/LOD.  First attempt to break turned out to be a false one but second attempt was successful.

Monday, 6 November 2017

An astute trader made Rs. 1 lakh in just 2 months from day trading

Let me take an opportunity to introduce to you an astute trader, Mr. Jimit Shah from Mumbai.  Few months back he decided to start trading with me in stock futures.  Upon my request, he shared his P&L report of around 2 months of trading.  I am very happy to share with you that he could make around 1 lakh of net profit after deducting all expenses.  Lets congratulate him for his achievement.  He was able to combine his existing trading knowledge with my trade setups and traded with full confidence and conviction. Here are some Telegram chat excerpts.



And here is his P&L excel sheet where he took an effort to put both my trading calls and his actual trades together in one sheet.  Click here to have a look.

If Mr. Jimit Shah can make such money from trading, you can too, why not?