Bank Nifty Swing

[PartTime_Trader]

Hello

First down candle on back of a sequence of 8 bull Candles in a row on Daily BNF chart.

For my swing trades I do not consider it is a start of a decline on the very first red candle, this rule helps me stay out of many whip-saws.

No such restrictions on intraday trades, from the very first candle BNF is clearly in short territory for intraday.


Cheers
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[PartTime_Trader]

Cheers
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[PartTime_Trader]

Hello

Initiating a Short trade on BNF swing time frame.

Short @ 12580, SL 12680

Cheers
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[PartTime_Trader]

Hello

Initiating a Short trade on BNF swing time frame.

Short @ 12580, SL 12680

Added below yesterdays close, now taking off the scale-ins @ 12410, nice quick gains


SL @ 12560


Cheers
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[PartTime_Trader]

Hello

Initiating a Short trade on BNF swing time frame.

Short @ 12580, SL 12680

Cheers
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Stopped out on TL @ 12480, ( i.e. about 130 points above LoD

BNF still remains in short mode, will look for new entry


Cheers
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[PartTime_Trader]

Looking for long above 12580

Cheers
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[PartTime_Trader]

Looking for long above 12580

Stop at 12490


Cheers
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[PartTime_Trader]

Recent high for bnf is 12770, can scale-out the intraday portions between 12730-12770.

For swing position trail stop to just below break even @ 12550



Cheers
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[PartTime_Trader]

On BNF daily charts this is 4th pair of up-down candles i.e. making piano pattern with 7 keys

With this formation in place, one of the days we expect to get a good clear break out of the range on either direction as the current trend is clearly up, but we are sitting on a huge up move/rally of 1500+ points, so a retrace of 500/750 points anytime also has good probability.

For catching that a swing trader needs to keep switching sides, without worrying about the whips



Cheers
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[PartTime_Trader]

A two-way market defining the flag on BNF Daily.

Cheers
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