Saturday, October 31, 2009
NIFTY intraday charts and my views.
30.10.09
29.10.09
28.10.09
27.10.09
26.10.09
Overall very good week for trading . only one side movements on daily basis. just follow the swing rules correctly and place day high/low as stop.
Wednesday, October 28, 2009
Trades 27.10.09
after indecisive inside day on 23.10.09 friday, nifty broke down on 26.10.09 monday,
so i initiated a short trade by BUYING 4800PE AT 75 (NOV SERIES)
after i bought it , it did went down to 68, but at 3.30 it was back to 76, so i was relieved.
but i kept thinking abt it, but i wasnt worried as qty was very small.
i think to trade tension-free and to take brave decisions are ALWAYS TRADE SMALL QTY.
Small qty gives u freedom to hold on when positon goes against u.
or maintain strict STOP LOSS.
and On 27.10.09 nifty opened gap down. but i didnt take the full use of otherwise a great trading day.
nifty flew only one way.
and it paid of well on 27.10.09.
i did great mstake on 27.10.09 by going long intraday (by watching 5 min, 10min, candles and 2swing)
as 2day and 5 day swing is in down mode , than why initiate long trade? fool......
i bought miniNF nov at 4911 around 12.28pm (NS = 4891)
stopped out at 4875 around 14.35pm (ns=4855) - SL hit because NS made new low.
Well, going long came to my mind after reading somebody`s astro predictions on vfm. (i cant blame him)
but why read astro predictions? if they were to be true than all astrologers would be rich ppl.
so, now onwards never read or follow anybodys predictions/recommendations..
i had seen what happen to Gujarat siddhi cement (tipped to me by my friend) - it was around 120 when tipped , and now after 3 months its at 115.
and just recently Aadhunik metals( tipped by frnd) - it was around 111 when tipped, targetting 130, but now its at 107.
For today, scene is like....
so, 70 ema is far from 1030ema , so its not a good risk/reward to go short here,
lets wait for nifty to come around 1030ema or near previous swing highs (near 5050 / 5030) and than initate positional short / buy OTM PUT
So, today i wont be doing anythig whole day except watching nifty.
and take decision at 1500hrs or 1525hrs. or when system gives good signal with big candles.
One more thing.
I m going back to my positional trading style. will be buying OTM options as per 5 day & 2 day swing system.
"ROME WAS NOT BUILT IN A DAY.IT TOOK MANY YEARS"
so i initiated a short trade by BUYING 4800PE AT 75 (NOV SERIES)
after i bought it , it did went down to 68, but at 3.30 it was back to 76, so i was relieved.
but i kept thinking abt it, but i wasnt worried as qty was very small.
i think to trade tension-free and to take brave decisions are ALWAYS TRADE SMALL QTY.
Small qty gives u freedom to hold on when positon goes against u.
or maintain strict STOP LOSS.
and On 27.10.09 nifty opened gap down. but i didnt take the full use of otherwise a great trading day.
nifty flew only one way.
and it paid of well on 27.10.09.
i did great mstake on 27.10.09 by going long intraday (by watching 5 min, 10min, candles and 2swing)
as 2day and 5 day swing is in down mode , than why initiate long trade? fool......
i bought miniNF nov at 4911 around 12.28pm (NS = 4891)
stopped out at 4875 around 14.35pm (ns=4855) - SL hit because NS made new low.
Well, going long came to my mind after reading somebody`s astro predictions on vfm. (i cant blame him)
but why read astro predictions? if they were to be true than all astrologers would be rich ppl.
so, now onwards never read or follow anybodys predictions/recommendations..
i had seen what happen to Gujarat siddhi cement (tipped to me by my friend) - it was around 120 when tipped , and now after 3 months its at 115.
and just recently Aadhunik metals( tipped by frnd) - it was around 111 when tipped, targetting 130, but now its at 107.
For today, scene is like....
so, 70 ema is far from 1030ema , so its not a good risk/reward to go short here,
lets wait for nifty to come around 1030ema or near previous swing highs (near 5050 / 5030) and than initate positional short / buy OTM PUT
So, today i wont be doing anythig whole day except watching nifty.
and take decision at 1500hrs or 1525hrs. or when system gives good signal with big candles.
One more thing.
I m going back to my positional trading style. will be buying OTM options as per 5 day & 2 day swing system.
"ROME WAS NOT BUILT IN A DAY.IT TOOK MANY YEARS"
Friday, October 23, 2009
Nifty Wrap 23.10.09
Today after continous 4 down days nifty formed a green candle on charts but it was an inside day. so indecisiveness still pertains untill it breaks 4920 (for shorting) otherwise it can continue its uptrend.
It was expected by me that after 4 continuous red candles nifty may form today a green candle. (but was not sure - so from next time i will be careful)
Swing technique acted perfectly today for intraday.
Interestingly.
LICHSGFIN outperformed today nifty. and went other way compared to nifty.
here is 5 day charts of nifty and LICHSGFIN
Tuesday, September 22, 2009
Tuesday, September 15, 2009
trades of 15.09.09
Since morning nifty was going only one way.
Naga also gave buy call at 10.10 at nf=4840.exited due to system said so. (today i was using swing n=2)
but should have Re-entered.
Naga gave sell nf at 4886 at 11.45. with sl = 4900/4902
(my thoughts : should have taken)
i couldnt saw that after 1200 hrs nifty was only making lower low n lower highs,
any ways , from tomorrow i will try to system only.
Reasons for starting this blog.
Here are the following reasons for starting this blog.
1. Record keeping of trades to sharpen trading skills.
2. Record Entries & Exits.
3. Reasons for Entries & Exits.
4. Permanently save 5 day yahoo chart & Nse chart.
5. Avoid Mistakes Done once.
I will be following kplswing system for trading
with 5 min chart &
swing N=3 (3 being Gann Favorite).
My target will be only 10 points. my SL will be 5 points / previous swing low.
as this will save me from all sort of Greed & Fear.
As perfecting art of collecting 10 points can work wonders on long term basis & with large qtys only this will work.
Just calculate that how much can one make if one takes only 2 trades a day with 10 points for all month.... (yaa, thats pretty cool)
1. Record keeping of trades to sharpen trading skills.
2. Record Entries & Exits.
3. Reasons for Entries & Exits.
4. Permanently save 5 day yahoo chart & Nse chart.
5. Avoid Mistakes Done once.
I will be following kplswing system for trading
with 5 min chart &
swing N=3 (3 being Gann Favorite).
My target will be only 10 points. my SL will be 5 points / previous swing low.
as this will save me from all sort of Greed & Fear.
As perfecting art of collecting 10 points can work wonders on long term basis & with large qtys only this will work.
Just calculate that how much can one make if one takes only 2 trades a day with 10 points for all month.... (yaa, thats pretty cool)
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