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.

Tuesday, 29 November 2016

Nifty Future 29112016

It broke out PDH without giving a proper entry and rallied till 8220.  After that started consolidating and attempted a long trade as marked.  It got resisted at HOD and did not yield much.  Later took BPB of BRN/range low which moved well.

Thursday, 24 November 2016

Nifty Future 24112016

It opened gap down and started trading in the range.  It attempted to break out the range and BRN above but failed.  Attempted a short trade here as BOF of BRN and Range High.  It moved very well. In the afternoon there was a good BOF of PDL and LOD which again moved very well.  At fag end it produced another good move after BOF of BRN.

Today the DP trading system was at its best producing good results at extremes.  Are you benefiting from it or still not able to catch these wonderful moves?  Please share.

Monday, 21 November 2016

Nifty Future 21112016

It opened at BRN and broke down PDL within few minutes and presented a nice BPB setup to go short which worked very very well.  Later it spent some time in a range and attempted direct BO below the range which moved in favor some and then retraced back into the range.

Last weekend uploaded a fresh new website  Please have a look and give your valuable feedback.

Also checkout this promotional video on DP Trading System and the video tutorial.  Go ahead and share it with your friends and other traders as much as possible.  If you still have not subscribed to the video tutorial, what is stopping you to do that.  Thanks.

Friday, 18 November 2016

Nifty Future 18112016

It opened within previous day's range and gave BOF of PDL without any entry pattern.  With that BOF in mind, expected range BO on other side and hence attempted direct BO of PDC/BRN which ended as scratch.  Then it broke out successfully but did not offer good R:R and hence avoided.  Later it came back into the earlier range and attempted short trade as marked which worked well.

Thursday, 17 November 2016

Nifty Future 17112016

It opened within yesterday's range and traded in the range for long time.  There was a good direct BO setup below LOD but hesitated to take it because of multiple levels below it very close.

Wednesday, 16 November 2016

Nifty Future 16112016

It opened big gap up which got sold off quickly without giving an entry point.  After bouncing from PDL it started ranging and when a BO attempt failed entered into a short trade and scratched it.  After that attempted direct BO of range high which moved till BRN and allowed partial exit there.  In afternoon, entered again into a short trade on acceptance of prices back into the earlier range which moved well.

Here, I am sharing with all of you the blogs that have been recently created by the DP traders for maintaining their trade journals.  Have a look and appreciate their efforts.  It may encourage you to maintain your journal like that.




Tuesday, 15 November 2016

Nifty Future 15112016

It opened full gap down and started falling.  Took first trade as BPB of BRN which moved very quickly.  Second trade was at BOF of Range High then which moved well too.  Third trade was again a short trade on direct BO of Range Low as marked by dotted line which also moved well.

It has been a month now since Sunil and Saurav joined me for live trading and mentoring during market hours.  I thank you both of you for keeping a faith in me and being a good disciple.

Friday, 4 November 2016

Nifty Future 04112016

Took two trades, both at the LOD then which was acting as range low also.  Could not find a good setup at range highs.

Thursday, 3 November 2016

Nifty Future 03112016

It opened full gap down close to 8500 and started going up.  Attempted a long trade on BPB setup which did not work.  Later attempted short trade out of long consolidation which yielded some.