Nifty today opened full gap up of about 35 points. The first candle acted as MC.
1) BPB of PDH. Went long above the MC. It did not move and the price came back. Scratched at 3 points loss.
I could not find any other good setup to trade. Price broke the HOD then but after 3 p.m. so not taken.
My name is Uday Dave. I am a full-time day trader, blogger and day trading educator. I mainly day trade Nifty, Bank Nifty, stocks and stock options and in the evening if I get time I trade MCX Crude Oil, Nickel and Silver using a 3-minute candlestick chart with Decision Point Trading System and price action trading methods. My only aim is to capture small moves, i.e. 20 to 25 points in Nifty and around 50 points in Bank Nifty daily.
I started this blog in year 2012 to record my trades, observations, experiences and to share them with other aspiring traders. I hope with all your support I will be able to continue to maintain this blog and improve further.