Wednesday, 30 November 2016

Nifty Future 30112016

It opened at PDC and attempted to break it which failed.  I was thinking about taking a long trade there but it moved quickly and missed it.  In noon time it formed barb wire around BRN and traded in tight range for a long period.  Attempted a short trade on direct BO which refused to move well.
Later tried again direct BO of HOD/range high thinking it will have enough power to break the PDH.  It moved per expectation breaking PDH and moving much higher.

Today, also I am sharing with all of you the reasoning behind taking these trades which I discussed with two other traders during live mentoring session in market hours.  

Trade 1 with the chart and reasons behind the thought process:

Sunil, once we know we are trading the range, we need to find the way to trade that range.
Here you get a chance to buy at probable range low in an up trend.
There will always be two kind of setups.  One which markets offer us and one which we want them to appear on the chart.
Here this is what markets offered us.

Trade 2 with the chart and reasons behind the thought process:

seems to be barb wire around brn

Yes, but for last 20 mins trading below BRN.
and most importantly, at what point you would feel it is moving away from barb wire.
on break of blue dotted line or somewhere else

Trade 3 with the chart and reasons behind the thought process:

Now HOD can preset a good setup there.  BRN is not acting as a DP so we can ignore it.
HOD is acting as a range extreme.
Since trend is up, even a direct BO above this range can be tried.  It should have enough power to break the PDH.  But having said that, good setup is always above PDH.

You are maybe an engineer, IT expert, MBA or a simple graduate or managing your own small business.  You would have spent lot of money and number of years for your education and building up your career., so that you can live rest of your life comfortably.  But have you ever thought,  what amount of time and money you spent for building up day trading as a profession.  Are you putting your efforts in the right direction?   If not then think about it.  If it requires you to take someone's help to put you in right direction, never hesitate.  Go ahead.  Do whatever you can do to shorten your learning curve. and reach your goal  You will never get the second life.


  1. thanks for this post & especially the message in the last section...

  2. I couldn't trade any of the trades u Specified...1was waiting for clear break down failure with lots off people trapped which didn't happened 2 was counter trend with barbwire background and 3rd days high and pdh were nearer FTA Giving poor RR And move was old so couldn't dare to take the trade there.


    1. Mahadev,

      What stopped you from taking BPB of PDH? It was a very good setup. If you could take it, it was more than enough.


    2. i thouth its came out from 40 down should breath more here and give any trap pattern to enter.. but missed move :(

  3. Hi Uday,
    Thanks for the guidance that you are providing to me.

    I have started my blog.
    Here is my blog:

    1. Sunil,

      That is great. You have gone one step further and done it like a video blog. It requires lots and lots of efforts. Very nice. Much appreciated.


    2. Thanks Uday.
      All credit goes to you. You have transformed me as a trader. I can't believe how much I have improved in last 2 months.
      I will remain indebted to you forever.

      Thanks a lot.
      Sunil Manohar

  4. URD,

    Wonderful Sir.
    Happy that i could think on similar lines.

  5. HI UDAY sir,
    Please list all DP traders blog in your blog, it helps for novice DP traders.


    1. Naveen,

      Bookmark this page.