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Meaning of NR7 pattern ! |
Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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Post: #301  Posted: Wed Dec 11, 2019 10:20 am Post subject: |
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Nfty curPrice around 11901.
For Newbees Only:
*** Attached chart shows my entry around double-bottom around 11860 on 30m chart ***
Entered 19Dec Nfty 11850CE at 106 and booked 18 pts profit per lot around 124. This call may give bigger profits, but personally prefer to book profits intermittently. 
Todays low till now is 104 and high at 128 in this 11850CEs.
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lotus1810
White Belt
Joined: 26 Sep 2014
Posts: 60
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| Post: #302 Posted: Fri Dec 13, 2019 5:59 am Post subject: Perfect Entry into 11850 - CALL |
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Awesome - GAP UP in Nifty and your CALL setup strategy was a HIT as in morning it was a GAP UP and the Nifty Spot Price reversed on 11Dec19 - Low of 11833 to 12005 High on Expiry Day with Just a Low till 11934,
Keep up the Strategy build up journaling - with learning for the hungry minds with nice setup and hand holding process.
Nice way of paying it forward. Thanks |
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #303 Posted: Fri Dec 13, 2019 12:55 pm Post subject: |
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Nfty curPrice 12060.
@lotus
... Thanks !
| Quote: |
Awesome - GAP UP in Nifty and your CALL setup strategy was a HIT as in morning it was a GAP UP....
Keep up the Strategy build up journaling - with learning for the hungry minds with nice setup and hand holding process.
Nice way of paying it forward. Thanks
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By the way,
19Dec expiry Nfty 11850CEs nice swing high from 106 to 254 todays high till now.
But I had exited that call from 106 to 124.
And had shifted my position to 19Dec Nfty 11900CEs due to good risk/reward ratio.
I entered 11900CEs yday , at 84 and just now booked profits at 208. .. Todays high till now is 212.
No long positions now. Also booked profits in 19Dec BN 32200CEs from 146 to 252. Currently it is at 272.
... Also Nfty reached near 12067 till now.. just near 12078 as mentioned 3 days back.
Not very sure of further up-move today, so now staying away for time being !
| Quote: |
Posted on 06Dec2019
...Not sure, but recovery upto 12078 plus not imposible, in next week !
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Best Luck !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #304 Posted: Mon Dec 16, 2019 11:35 am Post subject: |
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Nfty CurPrice 12080.
From Gap-up of 12134 to low around 12073 due to profit booking of last 3 days gap-ups white candles.
But myself avoiding any trades in indices. Nfty if trying to make double top around 12160, then may again go up. .. And if trying to take support around 12022 to 12033 zone, then may slip upto this lower zone. So would prefer to wait till 60m and daily indicators show some clear reversal levels on either side.
By the way BN reached 32000 lvl as was posted some days ago.
And Nfty reached 12134 till now.
| Quote: |
Follwoing Was Posted on: 10 Dec 2019 10:12
BN around 31200.
Nfty around 11900.
For my own trading, I consider following scene:
If suports around 30000 +/- in BN and 11650 +/- in Nfty remains intact, BN may inch-up towards 32000, 33000 , 34000 in comming days / weeks / mnths.
And Nfty may inch-up towards 12200, 12400 , 12600 in comming days / weeks / mnths.
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For Newbees Only
*** Attached chart shows, 20MA and 50MA cross-over strategy for positional trades with proper comments ***
Note: Same strategy can be applied to intra and 3days trades.
When ever 20MA slips below 50MA, short trades can be initiated with proper SL.
And long trades may give better results, when 20MA cross upside over 50MA.
... MacD and RSI are helpful to decide proper levels to enter a trade - long or short. MacD comments perticularly are useful for continueing the positional trades.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #305 Posted: Tue Dec 17, 2019 11:27 am Post subject: |
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Nfty high today till now is around 12142, very near to 12160.
| Quote: |
... Nfty if trying to make double top around 12160, ... then may again go up. .. And if trying to take support around 12022 to 12033 zone, then may slip upto this lower zone. So would prefer to wait till 60m and daily indicators show some clear reversal levels on either side.
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.. Booked profit in 2 intra longs trades and exited 1 short trade in some loss...
If Nfty loss momentum now on, then may look for positional short opportunities in both indices at HIGHER LEVELS , with proper SL, .. if found suitable ! .. Else NO TRADE today !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #306 Posted: Sat Dec 21, 2019 2:43 pm Post subject: |
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Nfty last cl 12271.
1) For my trading, I consider following data:
*** Attached NftyDaily chart shows:
Fibo Resi zone : 12282 - 12350, ... can extend upto 12433
Fibo Sup zone : 12046 - 12105, --- can decline upto 12046
Sell on Rise only IF 20EMA (currently at 12046) closes below 34EMA (11960) consistently, ... ELSE range-bound trade btw 12105 to 12350 +/-.
Week-end Reading:
2) Secret No. 1: In my prvs message, I had mentioned Nfty projections of 12200, 12400 and 12600.
Thats because on Daily chart, from approx 10050 lvl Fibo 68% comes around 12650 !
.Out of this 12200 already achieved, 12400 half achieved (near 12300), and 12600 pending. All need not be completed though !
3) Secret No. 2: Many renowned experts over-whelmingly project Nfty target of 13300 plus (Sensex 45200 plus) in next 12 to 18 mnths. Why ?
*** Second attached NftyMnthly chart explains this :
... This mnthly chart for last 8 years shows - except for once ( from around 9500 to 7500 ) - Nfty Mnthly 10MA ( Green line - 11585) never break-down below 20MA (Violet line - 11240 ) !
...Also from 6000 lvl 123% projection (though rare posiblity) comes around 13300, with a scope upto 178% plus !!
... For simplicity, let's not consider other local/global/political events and low/high GDP, recesion, other economic parameters etc for this phenomenal rise in Nfty in last 8 years and in future. All are hopeful of $5Trln economy etc.
.. In Year 2019, Nfty gave 12% returns and BN 18%, but still we are below DJones' 23% returns !
4) Only *Market Supreme* knows, if a substantial correction of 3000 plus points will ever happen, ... to bring down mnthly 10MA below 20MA to start a bear phase !
.. Till then, INVESTORS may hope that this relentless rally will continue in Index Funds (indices) - irrespective of local/global events. I may have missed some data to explain other points.
5) But for us - small traders, I would stick to 30min / 60min breakout / breakdown signal on chart to pocket whatever profit I get daily in FnO ! These are more useful for Day Traders !!
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #307 Posted: Thu Dec 26, 2019 11:31 am Post subject: |
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Nfty curPrice around 12190.
Booked Shorts ! 80 pts.
| Quote: | ... Posted: 21 Dec 2019 14:43
....
Nfty last cl 12271.
....
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NOT for Newbees:
For my trade, I May consider buying 02Jan expiry 12400CEs as a contra-Trade, since premium is very low , currently around 6.25 , with some SL, for 3days view !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #308 Posted: Fri Dec 27, 2019 12:06 pm Post subject: |
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| Quote: |
...Posted: 26 Dec 2019 11:31
...For my trade, I May consider buying 02Jan expiry 12400CEs as a contra-Trade, since premium is very low , currently around 6.25 , with some SL, for 3days view !
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Nfty 04Jan 12400CEs
Booked Profits.
Baught at avg Price 5 and sold at 9.40 (todays high till now is 9.65). ... Nearly doubled, Percentage-wise 90% returns !
This trade was NOT for newbees, but giving an Explanation just for Education Purpose:
... If I would have taken an option at 100, I would have booked profit btw 120 to 150. That is , just 20% to 50% due to high option price.
... So here - in case of my 12400CEs option , though option price was very small, but %wise , I got good returns - there were multiple lots.
.. Plus 12400CE option was NOT near-money option, so there was risk of lossing all the capital, due to Theta factor ( Time Decay ).
... If Nfty moves up quickly from here - curPrice is 12204, ... then 12400CEs may go up towards 20 +/- . But I think, an option-trader should be happy in REASONABLE profits !
May book profits in BN also !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #309 Posted: Mon Dec 30, 2019 10:47 am Post subject: |
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Nfty curPrice 12272.
Imp Lvls:
12182 - 12222 - 12350.
Concentrated Heavy Call Writing at 12500CEs ( 09Jan expiry ) and consensus bearish view on Economy, .. may NOT be good for BEARS !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #310 Posted: Tue Jan 07, 2020 10:07 am Post subject: |
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Nfty lastCl 11993.
Nfty curPrice 12111.
I was on Year end vacation, so was away from market and trading, lucky enough not to have any positions in FnO. Gulf event was a rough patch for market.
*** Nfty Weekly chart is attached ***
.. On such wild swings in market, I refer weekly chart. It shows, ... as long as, weekly close is abv 10MA 12060 +/- 100pts whip-saw, ... market tends to bounce back !
My given lvls a week ago, are still relevent for me:
| Quote: |
..Imp Lvls:
12182 - 12222 - 12350.
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I consider , 11777 to 11911 band as important lvls for positional Bulls and Bears ! Pl check, daily chart to validate.
Currently patiently waiting for trading opportunity, if any, no hurry for me, as bullish momemtum is broken - to be fair.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #311 Posted: Fri Jan 10, 2020 12:02 pm Post subject: |
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Nfty curPrice abv 12300.
Booked longs in profit. Not carrying any weekend positions in FnO now !
Nfty has some resistance at 12322+ zone.
| Quote: |
Posted: 07 Jan 2020 10:07
Nfty curPrice 12111.
.. On such wild swings in market, I refer weekly chart. It shows, ... as long as, weekly close is abv 10MA 12060 +/- 100pts whip-saw, ... market tends to bounce back !
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Pats
White Belt
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Posts: 407
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| Post: #312 Posted: Sat Jan 11, 2020 8:20 am Post subject: |
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Nfty last cl around 12250 +/-.
BN around 32100.
RIL around 1550.
Not sure, but some correction in Nfty, BN, and RIL should be a welcome step for further strengthning of market !
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Pats
White Belt
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Posts: 407
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| Post: #313 Posted: Mon Jan 13, 2020 10:44 am Post subject: |
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Though Nfty was abv 12300 in morning, got good opportunity to short !
23Jan 12200PE low/open below 41, high abv 64. CPrice 57.
My entry 46, booked at 59.
Hope one more opportunity to take this trade again today, with proper SL.
| Quote: |
1)... Not sure, but some correction in Nfty, BN, and RIL should be a welcome step for further strengthning of market !
2)...Nfty has some resistance at 12322+ zone.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #314 Posted: Tue Jan 14, 2020 8:23 am Post subject: |
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Nfty last cl 12329.
Market in strong bullish momentum due to Global Cues, but before taking any positional long in Nfty, I would watch the :
*** 1yr Nfty chart attached ***
... showing some resistance on upper side of Rising Channel, which comes around 12388 +/- 66pts.
Since I have lots of Nfty_BEES and BN_BEES baught in Year 2008, I need not care abt positional longs.
Also , I remember:
| Quote: |
Posted: 21 Dec 2019 14:43 Post subject:
Nfty last cl 12271.
1) For my trading, I consider following data:
*** Attached NftyDaily chart shows:
Fibo Resi zone : 12282 - 12350, ... can extend upto 12433
Fibo Sup zone : 12046 - 12105, --- can decline upto 12046
Sell on Rise only IF 20EMA (currently at 12046) closes below 34EMA (11960) consistently, ... ELSE range-bound trade btw 12105 to 12350 +/-.
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... Will try to find some trades on short side, like yday, but newbees should avoid such trades, .. since it requires Fast-Fingers, with proper SL !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #315 Posted: Tue Jan 14, 2020 10:56 am Post subject: |
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Booked 23Jan 12350PEs from 93 to 100+. Since morning traded Twice.
One long trade in Nfty SL triggered.
Now holding 3rd trade 23Jan 12300PEs from 71 , currently at 75 with SL just below at todays low @68. Will trail SL, if posible.
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