Friday, 13 January 2017

Trades 13012017

(Nifty Future chart)

It opened full gap but could not sustain above PDH.  Entered on BPB of PDH setup which moved some.  After that it started ranging.  Towards the fag end, given its inability to fall and break LOD, entered long on break of swing pivot which moved some.

(Bank Nifty Future chart)

There was one good BOF setup at PDL on Bank Nifty.  There was quick rejection from the level plus volume plus trend in favor. It moved well.

(Infosys Future chart)

In the morning today Infosys announced its quarterly results.  Decided to trade that.  Looking at the chart it seemed like markets did not like the results.  It came as a shock to the markets.  I have learned that whenever the news flow surprises the markets or gives a shock, markets are going to react to it strongly.  The same has been discussed in detail in my video tutorial and in the mentoring program with other traders.  It presented the opportunity, took the BPB of PDH setup and got rewarded very handsomely immediately.

6 comments:

  1. sir 2 nd trade in nifty why you dont consider PDC.......?

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    Replies
    1. Anoop

      Prices consolidated for majority part of the day in the narrow range. Once the prices break that consolidation you can expect a good move. In that case, PDC/PDH will not act as a major hurdle.

      URD

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    2. thanks sir for your valuable information thank you very very much

      Delete
  2. sir how to manage two trades at same time.......











































































    sit how you managing two trades at the same time........?

    ReplyDelete
    Replies
    1. Anoop

      Nothing special there. Once you have a complete knowledge and understanding of your trading system, you will gain lot of confidence and with that confidence and faith and a bit of experience, it is possible to trade and manage multiple trades at a time.

      For you, if you are new to the trading and not well versed with it, I would suggest you to stick to only one instrument like Nifty and trade that only. Down the line, once you become confident, you can try trading different instruments if it suits your personality.

      URD

      Delete