Thursday, 31 March 2016

Nifty Future 31032016

It was an expiry day.  Could spot two good setups.  In afternoon there was a good BOF of HOD but it did not give a proper entry setup to initiate trade.  After that there was some expiry drama.

Tuesday, 29 March 2016

Monday, 28 March 2016

Wednesday, 23 March 2016

Nifty Future 23032016

It traded in barbed wire in the morning around BRN ahead of long weekend.  Could spot two short setups. First one was a direct BO of tight trading initial range, as it failed to BO above IRH. Second one was a BOF of HOD then. Unfortunately, both did not yield.

Tuesday, 22 March 2016

Nifty Future 22032016

It opened slightly below yesterday's close and traded in an initial range. Because of cluster of levels, PDH/PDC/DO/BRN it was better to avoid trading the range in the morning session.  In afternoon there was a possible BPB short of LOD/Range low and then BOF which moved well. 

Monday, 21 March 2016

Nifty Future 21032016

Nifty Future opened above PDH and traded in a range till noon time.  Marked the probable long entry on BOF of Range Low. It was difficult to catch as prices just shot off. But it did give  another chance to enter on BPB of Range High. After that there was no stopping and it closed close to highest point of the day.

Sunday, 20 March 2016

Your Support is Essential

As you all know, I have been maintaining this blog since year 2012 with all your support. Without your support, it would not have been possible for me to get going for this long. I thank you for that.

To share with you, let me confess I have not been active on social media.  I do not have FB account.  I am not even active on Twitter.  Even on Google Plus, it automatically posts my blog posts, so I do not put any effort there too.  The reason for not being so active on social media is that I do not have luxury of time.  It requires efforts and lot of time to do such activities.  Just to maintain this blog it requires a significant amount of my daily time, at least 45 minutes to an hour daily for preparing the post and answering your comments. Those who try to do blogging would realize that.

I have put some social media sharing buttons on the blog to enable you to share the posts, but it has been a disappointment so far.  Have a look at the picture below.  It is the screenshot of my blog post details like, post heading, author, +1 clicks, comments, total post views till date, and date.

Here as you can observe, 248 times this post has been viewed but only 2 people have clicked on +1.   I expect all the regular readers of this blog to click on +1 at least.  It requires only one click by you.  Cant you do that? Of course, you can.

If you want me to keep going with blogging, I need your continuous support. I want you to make me reach to other aspiring traders.  For that I just want you to do few clicks daily whenever you visit the blog, read the posts or put comments, like as I marked in the picture below.

You all have supported and appreciated my efforts and I hope you will continue to do that. Please also keep sharing the posts to help me reach other traders.

Thank you.

Friday, 18 March 2016

Thursday, 17 March 2016

Nifty Future 17032016

It opened full gap up but did not show any sign of continue to go up. First setup came in the form of BOF of Range High and DO.  Then there was a good direct BO trade setup which unfortunately did not work. Then it again gave BOF of Range High and DO. This time it proved to be a very good trade.  On its way down it also gave TRAP to enter into the running train who had missed it.

Wednesday, 16 March 2016

Nifty Future 16032016

It broke below PDL in the morning and gave BPB pattern to initiate short.  In the noon time it traded in the narrow range and was unable to go further down.  Then it broke out from that narrow range and also gave an opportunity to go long on BPB. 

Tuesday, 15 March 2016

MCX Crude oil 15032016

DP trading system at its best here.  I have tried to mark all the possible setups.  I could take only the last trade as I was on front of the screen only at that time.

Nifty Future 15032016

It broke below PDL in the morning and traded below it.  Did not give good BPB entry and also BRN was close.  Suspected a range between PDL and BRN and it did give BOF of BRN. Later it gave an opportunity to short on BPB of BRN and towards the fag end one more opportunity to short on Range High plus TRAP.

Monday, 14 March 2016

Nifty Future 14032016

It opened full gap up and after the initial move up there was no followup move. There was one setup that I could spot as direct BO of tight range to go long. There was a barbed wire pattern so it was a riskier one.  Could have avoided.

Thursday, 10 March 2016

Wednesday, 9 March 2016

Nifty Future 09032016

It opened near PDL and gave BOF.  Skipped it as PDC was closer.  Later tried to go long at Range Low on BOF of DO. Then there was another good setup as TRAP.

Tuesday, 8 March 2016

Friday, 4 March 2016

Millionaire Barber

I watched this very inspiring video on Youtube few weeks back and thought about sharing with all of you.

Leonard Willoughby said, “As you begin to live according to your own guidance and your own daring everything changes completely.” Ramesh Babu, the barber who became a millionaire, did exactly this when he was shaping his dazzling destiny.  Read more here

Nifty Future 04032016

It again today opened full gap up but quickly sold off. Could spot two trade setups.  First one was a bit difficult to initiate as it did not test the LOD. Took the second trade. It not yielded much as it quickly reversed.

Thursday, 3 March 2016

Wednesday, 2 March 2016

Tuesday, 1 March 2016

Nifty Future 03012016

Today was a day after the Budget day. Broke out above PDH and gave BPB to enter long. Then it turned out to be a type 1 trend day. Later towards the end of day, gave one more chance to enter long on PB.