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Bank nifty (F O) Trading Journal of Shika |
shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #61 Posted: Tue Sep 13, 2016 8:24 am Post subject: |
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Eid Mubarak
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ssbalamurugan White Belt
Joined: 09 Jul 2012 Posts: 10
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Post: #62 Posted: Tue Sep 13, 2016 12:04 pm Post subject: |
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Good findings at correct place. |
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spatechnicals White Belt
Joined: 02 Nov 2010 Posts: 15
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Post: #63 Posted: Tue Sep 13, 2016 1:50 pm Post subject: |
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donaldbradley.wordpress.com
a nice blog on commodities and stock market analysis
good thing in this blog is advanced time analysis based on Gann techniques |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #64 Posted: Tue Sep 13, 2016 6:04 pm Post subject: |
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friends,
Just please note down the reasons for buying puts on 9th sep,2016 : 1. It made a double top around 20648 region which was a strong resistance zone. And the low made in between the double top is 20452.3. on 7th sep.
2. Next day on 8th sep,2016 , it broke that low, but could not sustained below it. So no shorts opened.
3. Then on 9th sep, it opened below 20452.3 and also broken earlier higher top higher low which was at 20286, so trend changed and bears in control , mainly for weekly options ( though long term trend is strong ) which started from 19182.
4. Now question is where to open shorts or buy puts ?
Just wait for a pull back towards 50% of fall or just when the price hits low made in between double tops. i.e., around 20452. Stop loss at 75% of pull back
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AMBY Yellow Belt
Joined: 05 Sep 2014 Posts: 503
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Post: #65 Posted: Tue Sep 13, 2016 6:50 pm Post subject: |
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Thank You for clear guidance. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #66 Posted: Tue Sep 13, 2016 7:38 pm Post subject: |
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shika wrote: | friends,
Just please note down the reasons for buying puts on 9th sep,2016 : 1. It made a double top around 20648 region which was a strong resistance zone. And the low made in between the double top is 20452.3. on 7th sep.
2. Next day on 8th sep,2016 , it broke that low, but could not sustained below it. So no shorts opened.
3. Then on 9th sep, it opened below 20452.3 and also broken earlier higher top higher low which was at 20286, so trend changed and bears in control , mainly for weekly options ( though long term trend is strong ) which started from 19182.
4. Now question is where to open shorts or buy puts ?
Just wait for a pull back towards 50% of fall or just when the price hits low made in between double tops. i.e., around 20452. Stop loss at 75% of pull back
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Enjoyed the rationale also posted
Good going |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #67 Posted: Wed Sep 14, 2016 4:02 pm Post subject: |
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could not post todays trades during trading hours, as one of my laptops was down, however , will post todays trades after 6.00 p.m., for academic purpose. Today bnf closed bullish, so 2morrow v may c a good jump towards 20240-270 sl would be 19925.
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #68 Posted: Wed Sep 14, 2016 6:42 pm Post subject: |
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today`s trades
1st trade buy region was 19888-903 bought around 19895 with sl below 18828 tgt 19982 and 20024 , bookd 50% each, per lot avg profit 108 points
2nd trade short at 20036 with sl above 20079 for tgt of 19972 and 19943 , so avg profit 78 points
3rd trade bought 20000 call (22nd sep, expiry) at 151 sl below 101, still holding.
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #69 Posted: Thu Sep 15, 2016 9:57 am Post subject: |
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this 1st hour candle imp, will close the call if 19925 is broken or 10.00 candle closes below 19970
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #70 Posted: Thu Sep 15, 2016 10:01 am Post subject: |
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bookd call with 21points loss
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #71 Posted: Thu Sep 15, 2016 10:25 am Post subject: |
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bought futures at 19862 sl 19822, tgt 19924 and 19965
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AMBY Yellow Belt
Joined: 05 Sep 2014 Posts: 503
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Post: #72 Posted: Thu Sep 15, 2016 10:44 am Post subject: |
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thanks . |
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #73 Posted: Thu Sep 15, 2016 11:39 am Post subject: |
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bookd 25% with 40 points sl moved 19840
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #74 Posted: Thu Sep 15, 2016 11:56 am Post subject: |
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if this 15tf candle closes below 19873.15, will close longs
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shika White Belt
Joined: 03 Mar 2016 Posts: 392
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Post: #75 Posted: Thu Sep 15, 2016 12:05 pm Post subject: |
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exitd anotherr 25% with 30 points ls moved to 19850
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