Nifty Trade (-6)

 

• As expected, the down trend continues after pullback. 
• 2nd trade was back-to-back trade. it has to be avoided. Time gap between the traded to check the inner state
• 3rd trade was tried blindly based on the big red candle. failed to notice candle formulation at the end. Also pull back end catch trade failed

Nifty Trade (4)

 

01-02-17

• Took 1 trade with some gain
• Took very safe trade at the end of the day.
• There was direct BO trade opportunity, As I was not comfortable skipped.

30-01-17

•  Took 1 trade and ended as scratch.
• Day opened with BOF of PDL. Waited and entered at another BOF.
• Exited the trade as not able to perceive any strength to move. 
• Not traded at BOF of PDC as there was no comfortable pattern.

19-01-17

• Took 2 trades. 1 scratched and another with SL hit.
• First one BOF of PDC, Which was not able to move below the day low. So the failure was suspected and scratched.
• Second one was BPB of PDC. But it also failed to move, finally SL hit.

17-01-17

• Took 2 trades. 1 scratched and another ended with some gain.
• Market continues to be in range mode, so failed to go above the PDH.
• Took BPB of PDC as first trade & BOF of BRN as second trade.

16-01-17

• Took 1 Nifty trade with gain.
• As market unable to break PDL, gave confidence to enter long at BPB of BRN.

12-01-17

• Took 1 trade with loss.
• As doubted today is the range day. No other trades.

11-01-17

• No trades. Missed trend 1 day..
• As there was lack of momentum, suspected. Also in the range break, I was expecting a pull back.
• This is where experience or screen time matters

10-01-17

• Took one trade and scratched.
• Market was in range mode. Took the trade with hesitation and failed. If there is no good opportunity, practice to sit tight is critical.

06-01-17

• Took 1 trade with little gain
• It seems, missed the TST setup around PDH.
• End of the day tried BPB of RL..

05-01-17

• Took 1 trade with profit
• As expected, today was trend day, but with less movement.
• Took a riskier trade

03-01-17

• Took 3 trades. 1 Scratched & 2 with gains
• Lot of resistance to go above PDH. Which gave trade chances. I was not confident about other setups.
• I came across this quote
• "You don't see the market as it is; You see the market as you are.                                   Your hopes, fears, expectations and beliefs act as a filter for your perception of the market. And this filter projects a structure onto the market that forms the basis for your entry and exit decisions"    ---Andrew Menaker

• Many occasion this is what happening to me. Many of my failures associated with this.. Great quote

02-01-17

• First of all Happy new year 2017, Let us make this year great to all of us..
• Took 1 trade and gained some.
• Seems like i missed BPB of PDC during starting..

30-12-16

• Took 1 trade and scratched.
• Market was in narrow range for most of the day.
• Because of the momentum thought it will break the BRN. But failed
• Today is the last trading day of 2016. 
• Wishing you a very happy 2017. Let the divine grace, make the 2017 very successful for you.

29-12-16

• Took 4 trades 2 SL & 2 profit
• Day started with a emotional trade which obviously failed.
• Traded the formed range. Failed to understand the end of the range, where it was failed to reach the RL.
• Because of this misunderstanding missed the last move.

28-12-16

• Missed some good opportunity.

26-12-16

• Took 1 trade with profit. 
• But exited early. 
• Missed the last BOF of range high.

22-12-16

• Took 1 trade and scratched
• I was expecting the market to bounce back. But failed.
• I realized that I am having the tendency of expecting the market to behave as I wanted, instead of responding to what market offers. Need to be open minded..

20-12-16

• 1 trade with SL
• Able to identify the correct location to initiate the trade. But due to wrong SL placement booked loss.
• Instead of keeping the SL above the pivot, kept just above PDC. Missed big move because of this mistake. Need to be very careful.