Friday, 15 June 2018

Nifty Future 15062018


It opened within previous day's range and moved up to PDH.  This PDH of 10830 was the area of interest in my price reading.  Yesterday, at the same level, price got rejected twice.  Today, also it made two attempts to break it.  When the second time today it failed to break it with good volume, a high probability BOF trade setup appeared as marked.  It moved well and filled the gap of 11th June which was the probable target.  Note, this chart is up to 3 o'clock only.

Earlier I used to have difficulty booking out big profits once I started to trade with slightly big quantity (for me 10-15 lots is still a big quantity for Index futures).  As a result, I could not book big profits in any single trade as I was booking out either early or giving away most of the profits in hopes of making big.  As most traders say, entry is the easiest part of trading and exit is the most difficult part, exit remained a most difficult part of trading for me.  But slowly and gradually, I am finding my way out with trailing, part booking, position size and strict discipline. Today I share with all of you my joy of booking highest profit in any single trade.  As you know, normally I don't share but today could not resist myself.  Here is the snap shot.  Now next personal target is Rs. 1 lac in a single trade with the same quantity and I wish to conquer that hurdle soon.


10 comments:

  1. Your entry and exit levels really motivates me. Learning each and every day from your executed trades and understanding level of entry and exit. Keep posting yr trades everyday. Really good work.

    ReplyDelete
    Replies
    1. Parth

      Thanks for the comment. Try to understand the reason behind entries if you are really interested in learning.

      URD

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  2. Nice trade URD..
    Now A days your most of the trades are in futures why?? any reason?? Did you stop trading options trading??
    -Sunil

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  3. Sunil,

    Nice to see your comment after a long time.

    Doing some experiments with options, so trading less.

    URD

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  4. Wonderful trade with DP. I am presently learning DP with your Video Tutorials.
    I also marked the said levels but little hesitant to take the trade. Your sharing helps me to get motivated and to take the plunge in similar situations in future with 1 or 2 lots.

    Thank you Sir 4 ur sharing

    ReplyDelete
    Replies
    1. Thank you Mr. Williams.

      I have always believed in sharing and sharing has always increased my knowledge. Also I have been sharing regularly through daily trading posts for last 5 plus years here in this blog. I have been doing this so that others can learn successful application and execution of this wonderful trading system.

      Since you are going through video tutorial, I hope you will be in much better position to shorten your learning curve and you will read my post with correct mindset.

      URD

      Delete
  5. Trying to learn from you ud sir.

    ReplyDelete