Day Trading Journal - Value Zones
- Thread starter ValueZone
- Start date
The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 08-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Sideways SL/target: 12/30
Level Comments
5346 Buy/Sell
5300 Sell
5272 Sell
5230 Buy/Sell
Date: 08-11-2011 Symbol: DLF Cash
Directional Sentiment: Sideways SL/target: 1.2/3
Level Comments
249.50-251.50 Buy/Sell
246 Buy/Sell
239 Buy/Sell
234 Buy/Sell
Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 08-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Sideways SL/target: 12/30
Level Comments
5346 Buy/Sell
5300 Sell
5272 Sell
5230 Buy/Sell
Date: 08-11-2011 Symbol: DLF Cash
Directional Sentiment: Sideways SL/target: 1.2/3
Level Comments
249.50-251.50 Buy/Sell
246 Buy/Sell
239 Buy/Sell
234 Buy/Sell
Dear Value zone,
This thread is more like a spoon feed than a methodology/system/setup which has to be interpreted by an individual using his skill.
ie,the levels are provided by you & one has to follow it implicitly.
Of course,u r following some method to post the dependable levels.
The day u stop yr posting,the fish is eaten & how to fish in future
Perhaps,that is the reason why the response is not encouraging.
No doubt,the levels are good & profitable,but limitations r there viz dependency.
Whereas take the thread of 'Smart Trade",How to trade with an oscillator",he has clearly taught every one the parameters to analyse & trade independently with good follow ups.
Of course there are many equally similar threads in Traderji with huge followers .
Even today,i feel SAINT's thread to be mother of all threads.
Going a step further,i consider Traderji has no equals if one wants to learn & master Trading,starting from scratch.
Pl keep posting & the pleasure is ours(Naturally when money is made
This thread is more like a spoon feed than a methodology/system/setup which has to be interpreted by an individual using his skill.
ie,the levels are provided by you & one has to follow it implicitly.
Of course,u r following some method to post the dependable levels.
The day u stop yr posting,the fish is eaten & how to fish in future
Perhaps,that is the reason why the response is not encouraging.
No doubt,the levels are good & profitable,but limitations r there viz dependency.
Whereas take the thread of 'Smart Trade",How to trade with an oscillator",he has clearly taught every one the parameters to analyse & trade independently with good follow ups.
Of course there are many equally similar threads in Traderji with huge followers .
Even today,i feel SAINT's thread to be mother of all threads.
Going a step further,i consider Traderji has no equals if one wants to learn & master Trading,starting from scratch.
Pl keep posting & the pleasure is ours(Naturally when money is made
The methodologies are quite difficult to grasp at first. Different from traditional technical analysis. Basic knowledge in Market profile concepts is needed. If any one asks questions on market profile, I am happy to answer. Remember the methodology is not purely based on Market profile, but concepts from Market profile is used.
• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 09-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Sideways SL/target: 12/36
Level Comments
5346 Buy/Sell
5326 Buy/Sell
5293 Buy/Sell
5269 Buy/Sell
5230 Buy/Sell
Date: 09-11-2011 Symbol: DLF
Directional Sentiment: Sideways SL/target: 1.2/3
Level Comments
249.50 Sell
245-246 Buy/Sell
239.50 Buy/Sell
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 09-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Sideways SL/target: 12/36
Level Comments
5346 Buy/Sell
5326 Buy/Sell
5293 Buy/Sell
5269 Buy/Sell
5230 Buy/Sell
Date: 09-11-2011 Symbol: DLF
Directional Sentiment: Sideways SL/target: 1.2/3
Level Comments
249.50 Sell
245-246 Buy/Sell
239.50 Buy/Sell
One small addition as told by Valuezone in his blog:
NF closed exactly at 5326 at 9.17 which is a B/s level.
In this rare case look at next bar(9.18) & take the trade.
It was below 5326 & the ride was enjoyable as it was in profit.:thumb:
Valuezone,is it possible for u to start a thread on "Market Profile" & explain yr concept.I am sure there would be good participation.
NF closed exactly at 5326 at 9.17 which is a B/s level.
In this rare case look at next bar(9.18) & take the trade.
It was below 5326 & the ride was enjoyable as it was in profit.:thumb:
Valuezone,is it possible for u to start a thread on "Market Profile" & explain yr concept.I am sure there would be good participation.
• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 11-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Down SL/target: 12/30
Level Comments
5335 Sell
5294 Sell
5150 Buy/Sell
Date: 11-11-2011 Symbol: DLF Cash
Directional Sentiment: Down SL/target: 1.5/3.5
Level Comments
239 Sell
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. On days marked with Directional sentiment sideways, two trades can be taken, the very first trade and another trade at any of the extreme levels.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.
Date: 11-11-2011 Symbol: NIFTY Fut
Directional Sentiment: Down SL/target: 12/30
Level Comments
5335 Sell
5294 Sell
5150 Buy/Sell
Date: 11-11-2011 Symbol: DLF Cash
Directional Sentiment: Down SL/target: 1.5/3.5
Level Comments
239 Sell
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