30-07-2014

NF Opened above PDC and got sold off near RN. Initial Range was formed with the first candle itself. NF tried to break the IRL/PDC but failed, so took the BOF trade for initial target of IRH/RN, NF couldn't sustain closed the trade at break-even. Took the BPB of IRL/PDC and trailed it and got stopped. Couldn't capture the sudden spike. Took the BPB of the same and trailed it and booked after 20 points. 

28-07-2014

NF Opened with a small Gap but got sold at BRN. Dint take the short at that point of time, since NF was maintaining a Channel from Previous day. Took the break-out of Channel on downside for initial target of PDL. Broader market was very bearish, so was trailing it without booking the profit at PDL. After LOD there was a bounce and got stopped out. At End of day, there was one more push to break LOD, but failed, so took the counter trade, I was not confident with this, so booked it soon with small profit.

24-07-2014

NF Opened below PDC and immediately got sold off. IR formed. Took the BOF for IRL after second try. Expected to reach DO/PDC. Booked it at near PDH. Later took the BOF of BRN/HOD below PDC, trailed it and got stopped. Took the direct Break-out trade above PDH and booked at EOD. 

23-07-2014

NF opened full Gap up above Previous day Range. Took BOF of BRN and IRH expecting to touch IRL>PDH. Took the profit at PDH where it showed some sign of Bounce. Later took BOF of PDH and trailed it. Got stopped out soon. Expected to reach Range high but failed. Took BPB of PDH/PDC expecting to reach PDL, but stopped out soon. Last trade was BOF of PDH again and booked it at EOD.

22-07-2014

NF opened again with a Gap up, but within PDH. 10 point range was created between 7709-7719. Took the Break-Out trade as sensed it a pressure play. Trailed it and took the profit at RN. 7736 - 7750 was a small range played in between and re test of IRH made. Took long above the Pivot and booked at EOD

21-07-2014

NF opened with full Gap up above PDH, Initial bias was "UP". It was lacking the momentum in the first 15 min. Took the BPB of IRL below BRN for initial target of PDH. I was sure it would bounce so closed my first trade at PDH. Then it was range play, took BOF of RL for target of Range High which was also IRL. 

17-07-2014

It was a gap down and range formed. Took BOF of IRL got stopped out and same happened with BOF of PDH/IRH. Dull day

16-07-2014

NF Opened Gap up and got sold, I was expecting it to fill the gap. Took the BOF of PDH and got stopped out. NF was in 20 point range. I was expecting the range to break. Took the BPB of HOD and TP at EOD.

15-07-2014

NF opened with full gap - Morning looked like a perfect CT gap, so took the BPB of IRH but it failed to moved up with momentum so scratched it. Later BPB of PDH/BRN/IRL gave a good short signal. Failed to move towards PDL, so covered it at PDC and took BOF of PDC booked at IRL.

14-07-2014

NF opened above PDC and immediately got sold below PDL. I was waiting for the pull back. Looked like a strong pull back, which went above PDL and closed. So I din't Initiate the BPB of PDL. Since friday was a big day, I was expecting some kind of consolidation. Took the BOF of RL above PDL for target of RH. Second trade was BOF of BRN for target of PDL, but scratched it looking at the pull back.

11-07-2014

NF opened above PDC. Took the BOF of BRN expecting it to reach PDC. Scratched it with small profit after seeing unwillingness to go to PDC.

Had  personal work, so logged out.

10-07-2014 - Union Budget Day

For all those Volatility lovers, I think today is your day.

No Trades were taken.

Trading Decision Point - A New Method

This is my Journal for all the Intra-Day trades using Decision Point Trading Method. All my trades are with Nifty Futures contract ( Current Month ) with 3-Min Candlestick Bars. 

For all of those who are interested to know more about "Decision Point Trading Method", Please do visit this site (Opens in New window).

I am very much thankful to Mr. Rajesh, also known as "Smart Trader" of Nifty Nirvana and Rose Mary (her blog here) who introduced me to this trading concept. 





Disclaimer:-

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.