Nifty 2017

Hi,
If you don't mind can u explain how you can use trailing stop loss in positional nifty? As far as I know zerodha gives trailing stop loss only in intraday and that too in bracket order.. is there any other broker out there who gives trailing stop loss option in positional? Or do I have to move it manually? Sorry I am a novice trader.. It would be very helpful if someone can guide me..

Humesha Bhai ka sunne ka. Trading sirf system follow karke nahi hota. Market wahich karta jo bhai kaheta.

if you are asking why market behaves like this - it is similar to "Log Chloromint kiyun khate hain? - Dobara mat puchna.


Ok enough of movies and commercial. I entered market at closing hours as yesterday (with both my muti and single lot nifty game), got out at opening mins, could not get the top though but decent profit.


Trading system followed (MTF-STI-Flip 15mins/D & FC Band Rejection on D in conjunction)

Postion overnight:



Closing order:




Net Point Earned = +65

Total Score = 588.5 + 65 = 653.5 (53.5 rolled over to April Z factor)

So March Target completed (once again, last we closed it and again opened due to loss), in Feb itself. So I am clocking close to 325 pt on Nifty per month as of now, compared to my target of 200 pips PM. But again this is only on single lot thread.

On mutilot and this is obvious that I am clocking a little more due to part booking and re-entry - but this is irrelevant here.


Audit Report:



Thats should be all guys. Total screen time for the last trade was less than 10 mins. Offscreen time for preparation of all weekly trades on Nifty was 4 hours.

And for anyone new looking to this post and wonder what the $hit going on - here you are -->

I only wish I could post my trades live. But then, I am not allowed.

All chart and pivots are on Spot, except one hourly chart which is on NF

Next week we are all set for the expiry with a Bang !! And I will be very surprised if it is not an extremely volatile expiry (compared to last couple of expiries). Reason being, the index already struggled around BRN 8800 for quite sometime and eventually lost the plot of the springboard action it got from the Daily Low Fractal.

So in a way it is still in the area of the 'Rounded Testing' of BRN 8800 and 8825 (though presently marginally higher) - Neither of the camps(Bulls/Bear) relenting, but when one camp will do the 'Cheerharan' - it will smoke the other one.

Lets move on to charts.

First Hourly Spot - too many failure points, but last one with the spike will be the key.



However, next hourly chart on NF paints a rather gloomy picture if we consider the volume (OBV), both CCI and OBV having 34 periods overlay, but see the extrapolation on OBV clearer and probably a sign of trend exhaustion.



On Daily, first with Fractal Chaos Band, price probably closing below the latest High fractal - a Gap up and sustain might help bulls, otherwise, well, I don't like to call Tops or Bottom, but this is not going to help the longs.




On Daily view 2 (MACD, STOCH + Pitchfork) - it is even worse




On Weekly, I guess it is no wonder why price bounced so many times from 8720-30 zone (Spot) - but would be interesting to see if enough demand still exits there in case market does another exploration to that area this week.



Rule of thumb is , even on a uptrend, market can not sustain above 20 EMA for too long. It dips whenever, it requires as a recharge. But when it will require a recharge this time, well, time will tell.

Pivot points Confluence to end this post:



So guys Happy and Safe trading next week. If not sure, let it pass, we can start our hunting next week. But let's don't hesitate to pull the trigger if you get a signal.

Side Note: There is a special breed of a white color animal which is found largely within the Arctic Circle, encompassing the Arctic Ocean, its surrounding seas and surrounding land masses. I am expecting this breed to stop playing hide and seek and finally coming out of the cave next week.

Booked Nifty 16 points loss booked (Multilot). Was short at 8838. Bias was due to weekly analysis - which was a contra call.

Just murmured to myself "If I can not take small losses, soon I will take the mother of all losses" and got out ...

This season all 3 losses I booked (on multilot) - were on contra. Another points to remind myself on trend following.

I am taking Oath on the name of my first crush of my school days - that on my next 5 Nifty Trades (both 1 lot and multi-lots), I will not take any contra. I will wait on the sideline even if I don't get a 'with the trend' trade.

Giving lectures to others and can not follow it myself - shame on me. Anyways % of such foolishness has gone down almost exponentially throughout the years. I want to make it 0.

Thanks Lord Krishna (Ed Seykota) for saving me from the 'Duhsashan Bulls' who were about to do my Cheerharan today. :thumb:

If I don't post anything - does not mean I am not trading or I am not winning or I am not losing. It simply means, I am enjoying the ride (open position) or my 9 to 6 workload taking me for a ride.

"Jay: roj roj to aadmi jeet nahi sakataa na. .. kabhi haar bhi jaataa hai bechaaraa?

Mausi : haar jaata hai?

Jay : haan mausi ab ye kambakht juwaa cheej hi aisi hai ab mai kyaa
kahoon ?"

Well guys, aab Viru (Tuna) fir se jeeta hey aaj. So it went like this (posting order book will be difficult due to multiple entry exit), so let me explain how it went

1. I went Long with 2X (Multilot Size) on 20th @ 8853 and booked partially (X) with some profit and carried over X as positional

Hint:


2. Yesterday, got panicked on the Tuk Tuk as imminent downside, booked full @ 8871 only to re-ntered @ 8872 (1 point slippage)

3. Booked Full today multilot (X) @ 8930

So net

(8930-8853 - 1 slippage) = +76 pip --> On Multilot, so will not update single lot scorecard as I am running that on low risk now, multiple target achieved already.


"Gaonwalo..Suicide Cancelled"

P.S- Market can go up further, but I never let my position run to Moon. Out of market as of now.

The Old Monk deep inside my heart is telling me -

"Dear Tuna, are you finding the trend following too easy? If yes, there are two reasons and only one will hold good

1. You really have matured as a trader and learnt the game well and managed well to crack the whip on the Contra-Monkeys which keeps on jumping inside our mind during trend days
   
   OR
   
2. You are hooked to the trend just like every other retail investors and market entered a stage when even die-hard Bears have turned Bullish. This is the danger sign ahead of the curve. Remember, Trend is your Friend Until it Bends. Trade Safe !!

"

Hmmm. Thank you Dear Old Monk. You are wise. Keep me blessed like always you did in past. I am just thinking loud so that others can hear you too.

deleted, for crude thread