Register domain for Blogging will be moving to it from tomorrow.

https://www.daytradernifty.com/

This will be my new Blog address. Your valuable feedback is much appreciated.
Please do visit and comment.

May 24 2017 (-10)

Took one Counter Trend Trade. Stopped out No more trades. Expectation was of some short covering which may take the NF to 9400.(CM was down)

May 23 2017 (+23)

Expect delayed response from today

I will be busy with personal work from 4:00 pm. Away from all electronic devices.(Phone, laptops).
Expect delayed response from today.

How to use Probability in your Trading

Note: I had plans of posting video on CM will do it in this week. Was not able to explain it in simple terms.
I think have figured out that. Watch out this space for CM video this week.

Links#
http://www.daytradinglife.com/wp-content/downloads/stmm-pdfs/multiple-losing-streak-probability-calculator.pdf

May 22 2017(-3)

One Trade didn't go as expected. Scratched.

Lemonade series - I

We have to count our blessing more.
 If god gives you lemon, he expects you to make lemonade of it and Enjoy :).
In this series we will explore blessing we have trading and Trading Nifty in particular.

1> Our levels are very clearly defined unlike other instruments#
Was talking to a friend who trades ES(Emini S&P) US equivalent of NIFTY. He spends lot of time searching for levels. Because it is traded 24 hours.He considers overnight levels and day levels which is very confusing and many times not beneficial. Also they use volume profile, pivots ....... List goes on.

Consider Our blessing: we are blessed with market which operates for 6:15 minutes. Gives a very good work life balance.
Because of such short duration levels are very easily defined , PDH, PDL, DH, DL. It is a nightmare to find these levels in ES.

Note# I am not saying trading in ES is bad, all I want to say is we have our own advantages try to recognize them and be grateful. Gratitude is an important attitude.

What do you think are our blessing ?

May 19 2017 (no Trades)

May 18 2017 (+43)

Trade 1#  Confluence level (BRN and PDL). Short . Covered when 2nd push showed weakness.
Trade 2# Trend is down , BPB Expected this to move very fast. It became weak on Second push covered it.

May 17 (No Trades)

May 16 (no Trades)

May 15 (No trades)

May 12 2017 (+20)

May 11 2017 (no Trades)

No Trades.

May 10 2017 (No Trades)

Didn't take any trades. 

May 9 2017 (Bad Trade space)

May 8 2017 (Missed 20 pts )

No Trades, Hesitated and missed only trade for the day.

May 5 2017 (+20)

Karthik hope this helps

May 4 2017 (bad Trade didn't marked OF point clearly)

Took long , exited early.

Reason#

1>On Initial Test Expected OF to kick in and take it higher,  Which my assumption went wrong exited. Expected BW kind of PA, but the OF was just a point above that :). --> Intellectual reason :)
Honesh answer#

2> May Be I wanted to show off how smart I am in managing trade :) not sure
3> Could be because of lapse in concentration. Late night movie effect .....
4> Fear of loosing

I think 2-4 played major role..

May 3 2017 (+ 6pts good exit)

One Trade Scratched.

Space Tutorial

Tutorial on Space hope this clears the concept of space, do Let me know your feedback.

May 2 2017 (+ 18 Good trade and exit)

Took one Trade didn't move as expected closed it.

Big Picture Tutorial

Please find the Tutorial on Big Picture let me know your Feedback on Videos. Feel free.
Topics for DP system

1. Big Picture
2. Trend
3. Range
4. DP
5. Space
6. CM
7. OF
8. Risk

1,2,4 Done. Will post remaining in next few Days.

Back to doing what I love Trading :)

I am Back refreshed. Expect more videos / Tutorial on DP system.
Trading to start from Tuesday

On Travel Break will be back after few days

Summer holidays, have some family obligations will be back after 2 weeks.

April 13 (no Trades)

April 12 2017

April 10 2017

1 scratched
2 moved little. expected it to reach 9200 prices stalled at 9208 closed trade there.

This week Prep (Apr 10 - Apr 13)

Earning Season will start from Thursday (infosys results).

Be ready for a different Price action.

Friday being holiday be ready for a grinding week :)..

April 7 2017

Yesterday's Video explains it Take a look at NS and correlate with NF.

Apr 4 2017 + Importance of NS levels

Didn't find any suitable setups No trades.
Didn't take the BOF at 12:00 R:R was not enticing.

Hope reader will find this video helpful.

Apr 5 2017

Announcement:
Channel just continued. No Trades.

April 3 2017

Trends Part 1

Trying to explain what I know about Trends.
Will be winding up about Trends in next video (Part 2). Need to Cover ranges, Nuances, MSP
Will do that shortly.

Note#
This is what I plan to add in future#
Trend Part II
Ranges, Initial Ranges
DP (DONE)
Space
Critical Mass
Order Flow
Risk


Setting Target for Trade#
Tactics for Entering Trades#
Trade Management#
Nuances#MC, Bracket, Envelope, BarbWire,

Any suggestions ?

Mar 31 No good Trade setup

No Trades today..

Mar 30 2017

Waited for LOL setup only trade.

Mar 29 2017

Mar 28 2017

2 trades both scratched.
For Trade 1 though MC will act as range hence taken.

Mar 27 2017

Was not feeling well in morning. Started to trade in afternoon. Took 1 Trade.

Mar 24 2017

Missed morning BO trade Attempted BOF scratched.

Answer to comment 2#

Think through your trade managment#
1> Entry bar
2> Good move stops at 10 .
3> Pullback (Buffer zone) good sign. lets hold this trade.
4> Why the flip didn't break hmm
5> Buffer zone , lets see if this holds
6> hmm again flip didn't break. Shall I exit here. Trading with trend, Strong flip below.  Lets move the stop to 32
7> Strong rejection bar.  If the price break below 5 lets exit. Top flip is proving too strong to break.
8> Stopped out. 

Mar 23 2017

Mar 22 2017

Mar 21 2017

Took 1 trade hoping for reversal. Scratched.


Answer to comment 1#

Mar 20 2017

3 Trades all scratched.

Mar 14 2017

1 Trade scratched.
NS BRN resisted the up move. Looking at consolidation gave some space then scratched.

PS: Will be out of station need to attend a function. Will be back on Monday. Trade Well.

What you will do here and Why ? - Contd

Thanks for response. Wanted to talk about one important concept of Extended moves.
Nifty has tendency to move between option strikes.
In this case it moved from 8450 to 8500.
Be careful if you want to take trade when it has moved 40+ points in one direction..

What you will do here and Why ?

What will you do here and Why ?

What concepts will you use to take trade. Give it a try.

There are no right and wrong answers. Look for the reasons to go short / long and

post your answers.

PS: Comment section is open

Assessing DP strenght

DP is one of the seven factors we use to take decision. It is very simple to assess if this DP will hold on
not. This Video explains the same.
Remember: we don't just trade of this alone other factors need to be considered. Hope at least DP concept is clear with this.

Please press the like button(G+) if you find it useful that will encourage me to add more videos.Need to work on my recording skills will work on it :).

Mar 10 2017

2 Trades
1st was CT which didn't moved.
2nd with Trend BO , closed on high volume bar and also very near to NS BRN.

Mar 9 2017

Took the last trade on the hope that PDC might hold . it didn't.

Mar 8 2017

Left the BO in Morning.
Took BO in afternoon.

Completed 3 years of Full time trading

Today marks the 3rd year of full time Trading. Its been a great learning personally, technically and emotionally.
Trading has brought in lot of good changes in me to be a better father/husband/friend.
Its time to give back to trading community will try to post trades (with order book), videos, articles going forward. Hoping this will be helpful to upcoming traders.

March 7 2017

Attempted BO trade, there was no conviction closed the trade.

I expect market to be dull like today tomorrow also.(Elections). 9th may give good opportunities because of exit polls.