My Nifty/Mini-Nifty Positional trade logs

[summasumma]

All stochs went down but still you can see a big gap between everyone...

Market will move only when some pair is closer (either parents or 2111/811)...

No open position.

I like this market as the decision making is very easy for positional traders based on this stochastics...stay away

 

[summasumma]

Parents went down and child went up.
Big gap still maintained between 2111/811...

No open position.

Expecting later part of this week to be trend oriented days as the child is near one of the parent now. And that direction is expected to be DOWN based on current stochastics formation. Will update on this stand based on next 2 days movement.

 

[summasumma]

All stochs came down.

Yesterday stochs gave indication that market likely to go down. But didn't expect to happen today itself. You can see 2111/811 back near to each other again closing the GAP we were talking abt last few days.

Remember the rule of 2111/811 closing gap like this might produce opposite direction move next day. So have not entered short position today. Also one more reason is that today's low is exactly at the support line(check the image).

so either tomorrow market takes support from today low making today's move a trap Or break this support line with volume to confirm the downtrend. We will wait for it.

No open position.

 

[summasumma]

Parents and child came down.

As we discussed yesterday 2111/811 moved up today after the sudden down-spike and the touch together yesterday + Nifty took support on the support-line(check chart)....so waiting for short position paid-off... Now to confirm the upside move, 2111/811 have to move up strongly again and also the child should move up.

No open position.

 

[summasumma]

Parents and child went down but market went up.

2111/811 moved up again but not strong enough and again looks like creating a gap. Child also didn't move up to complement the 2111/811 up move.

Unwinding of short traders entered day before yesterday (thinking its breakdown of range trading) seen earlier in the day lifted nifty and this helps in nifty moving up taking support from the support-line before 2 days...

No open position.

 

[summasumma]

Except (32,9,1), all stochastcs went UP.
Child crossed over the parent upside making strong move.

2111/811 complemented each other in today's up move.

Open Position:
Entered long @ 5739 as usual at eod.

 

[summasumma]

Except (32,9,1), (21,9,1) and child went UP. Child made a complete crossover of parents now and targeting OB zone... If it does that, good for long position.

2111/811 moved flat to -ve.... still 811 > 80 in OB zone. As long as it stays in OB zone, good for long position.

Open Position:
Holding long NF @ 5739 ... CMP: 5739.65

Positive M2M start with 0.65
There is more chance of nifty closing above and green tomorrow. Lets see what the teacher(NF) has to say for this statement.

 

[summasumma]

...
There is more chance of nifty closing above and green tomorrow. Lets see what the teacher(NF) has to say for this statement...

And the teacher says, 'that is the right answer' ...

 

[summasumma]

All stochs went UP.

Child entered OB zone today. both 2111/811 also in OB zone now. Good for long.

Open Position:
Holding long NF @ 5739 ... CMP: 5766

The stochs pattern is nicely setup for up-trend now.

 

[summasumma]

Parents went up and child went down. Still Child is comfortably sitting in OB zone. Now if the up trend continues the parents will also enter the OB zone.

2111/811 also went DOWN but again comfortably placed in OB zone.

Open Position:
Holding long NF @ 5739 ... CMP: 5793

This method doesn't give specific target. We hold long as longs as stochs are positioned strongly to get the complete trend move.
But i believe 5850 is 1st target..(high of 5th oct 2012)