Nifty For Living

Went short at BOF of PDC (it was a 2 nd attempt) at 10218 ant TP at previous low 10206. Break out failure of the range low and LOD gave opportunity to go long at 10180, TP at 10195. Another BOF long at 10214, TP at 10224. Went long above the day open and 10250 as BPB at 10262, TP at 10290. Trade 1: 12 points Trade 2: 15 points Trade 3: 10 points Trade 4: 28 points Profit: 65-7(brokerage)= 58 points = Rs. 4350 Start Up capital- Rs. 75,000 Margin for 1 lot: ~61000 Total Capital- Rs. 84,075

Was not trading live today. Nifty gapped up and kept on moving up. One opportunity would have been at the top of the first bar as BPB. Other entry would have been BOF of the range low, with a target of range high. 

The core concepts of this trading strategy is developed from the decision points based trading strategy suggested by NIFTY NIRVANA (www.niftynirvana.blogspot.com). I am highly obliged to Smart Trader for introducing me to this strategy and hand holding for so many years. Hope to reach his level of trading soon. The core concepts can be studied from the e-book available here

Nifty continued from where it left yesterday. The up move was halted at PDH. Went short at BOF below the master candle. Trade did not move as expected, squared off just above the PDH. Failed BOF gave opportunity to go long with a target of high of the master candle (1 st ) and 10150 (2 nd ). The momentum in the upward move gave confidence to hold the trade. TP at 10150. Breakout pull back (BPB) of the range high gave a long opportunity   at 10177. Mental stoploss was kept at any close of candle back in the range.   TPat BRN 10200. Trade 1: -10 points Trade 2: 24 points Trade 3: 24 points Profit: 38-5(brokerage)= 33 points = Rs. 2475 Start Up capital- Rs. 75,000 Margin for 1 lot: ~61000 Total Capital- Rs. 79,725 (for research and information purpose only, no tips will be provided)

Market gapped down below yesterday’s close. Skipped temptation to go long above initial bar. Three attempts to move up failed. Master candle (MC) formed at PDL/BRN. Short below the master candle. Took profit when the trade stopped moving further at the top of the pin bar. BOF of the range low gave an opportunity to go long, took profit at BRN. BOF at BRN gave another opportunity to go short with a target of range low. Trade 1: +10 Trade 2: +13 Trade 3: +12 Start Up capital- Rs. 75,000 Margin for 1 lot: ~61000 Profit = 35-5(brokerage) = 30 points à Rs. 2250 Total Capital- Rs. 77,250 (for research and information purpose only, no tips will be provided)