NIFTY Futures Diary

[Trader_PK]

again No mistake..although missed last up move...but no worry

 

[Trader_PK]

Today we will start with Bar by bar analysis Like Mr. al Brooks do...I follow his method...so lets do it ...there will be total 75 bar in nifty chart so we will make sure nothing misses

 

[Trader_PK]

Date 02-09-2013

Bar 1. Bull bar at previous day high...we go long above it
Bar 2. again bull bar ....So now Long( because previous bar high broken)
Bar 3. Bull bar...we are in Long
Bar 4. again Bull bar...long
Bar 5. Red bar with bearish engulfing...will try to exit in next bar my long
Bar 6. hammer ..will get out if low of this bar broken
Bar 7. Insider bar...will go short if Bar 5 low broken
Bar 8. Big bull bar in our favour
Bar 9. insider bar ...very careful now at double top
Bar 10. hanging bar...now will get exit my long position if low of bar 8 broken
Bar 11. overlapping bar..useless bar
Bar 12. nice hammer...still long intact...will exit if bar 8 low broken
Bar 13. Nice bull bar in our favour
Bar 14. again nice bull bar
Bar 15. bull bar at triple top
Bar 16. bearish engulfing bar..carefull ahead..our long in danger
Bar 17.Big red bar ..out of long trade...10 point profit
Bar 18. confused bar...we buy above bar 17...and sell below bar 18
Bar 19. Nice Doji bar..will go long above bar 17
Bar 20. again confused bar..Now no long ..only short
Bar 21. red bar.looking for short
Bar 22. Doji...will go short if low of this bar broke
Bar 23. bull bar..useless bar
Bar 24. overlapping bar SOH
Bar 25. again overlapping bar SOH
Bar 26. again over lapping bar SOH
Bar 27. nice red bar..good looking short trade coming
Bar 28.again nice red bar
bar 29. a bull bar..Now also looking to go long above bar 16
bar 30. a reversal bar ..good for short now
bar 31. overlapping bar..SoH
bar 32. bull bar but useless bar
bar 33. overlapping bar... SOH
bar 34. nice bull bar...above this bar will go long
Bar 35. Long and after that nice breakout...stop loss is low of bar 34
bar 36. Pause bar...now stop loss raise to low of bar 35
bar 37. Nice bull continues bar
bar 38. over lapping bar
bar 39. nice bull bar
Bar 40. again nice bull bar
Bar 41. bull bar
bar 42. bull bar
bar 43. again bull bar...5 continuous bull bar..means we will see much higher levels
bar 44. pause bar
bar 45. correction bar...stop loss rise to BE..now no loss
bar 46. little Doji...market ready for higher levels
bar 47. red bar on top
bar 48. red bar
bar 49 again red bar
bar 50 again big red bar..still my stop safe...now move my stop to low of this bar
bar 51. insider bar...my stop loss rise to low of insider bar
bar 52. confused bar...still long
bar 53. Red bar ..long out..10 point profit in this trade too..now looking for sell after low of the bar 50 broke
Bar 54. Doji...will sell if low of this bar broke
Bar 55. again confused bar...Now SOH
Bar 56. useless Bull bar
Bar 57. insider bar...will buy above bar 52 and sell below bar 54
Bar 58 again a confused bar..now long only at high of day..short at same
Bar 59. again a useless bar
Bar 60. Doji now looking interesting for Long
Bar 61. again Doji..we go long above it
Bar 62. Bull bar.. Long now
Bar 63. again bull bar
Bar 64. confused bar
Bar 65. red bar at top of the range...alarming sign
bar 66. Doji..Now my stop is low of this Doji..15 point loss lets see what happn
Bar 67. sideways bar
bar 68. sideways bar
bar 69. sideways bar
bar 70. out my long at BE. now SOH
bar 71 SOH
Bar 72 SOH


Done for the day +20 point excluding charges..will come around +14 point...very frustrating day

 

[Trader_PK]

todays trade

 

[Gandhar.]

here u go for todays trades
http://www.traderji.com/trading-diary/88746-options-trading-trend-35.html#post855420

this post for my method
http://www.traderji.com/trading-diary/88746-options-trading-trend-27.html#post850803

 

[jain.er]

Pk bro nice bar by bar analysis..looking forward for some more in coming days...

Just one small query

If first bar breaks high of yesterday how do you make an entry ...

Just jump in or wait till the price pull backs to the high of 1st bar + any filter

 

[DanPickUp]

Date 02-09-2013

Done for the day +20 point excluding charges..will come around +14 point...very frustrating day

First: Thanks to take the time to write down what you see and how you analyze each one of those bars. Very time consuming it must have been.:clapping::thumb: (Did not want to post that again, as it is also very space consuming, so posted only the last comment from you in that post).

Second: You made some profit. So enjoy your profit rather then to be sad not to have made some other profit. Having to high targets can work against us in a very negative way. Never forget that.

A pro always makes only new mistakes.
A non pro and stupid always repeats his mistakes.
A lazy and cowardly person makes never a mistake.
Oscar Wilde (1854-1900)

You also can build some thing nice with all the stones which you have to put away during the time to come to your target.
Erich Kästner (1899-1974)

Take care / DanPickUp

 

[Trader_PK]

Pk bro nice bar by bar analysis..looking forward for some more in coming days...

Just one small query

If first bar breaks high of yesterday how do you make an entry ...

Just jump in or wait till the price pull backs to the high of 1st bar + any filter

After finishing 1st bar..I got high of the day ...then just one tick above I put buy order in SL-M order(or somtime SL order too)..when it touch that...you are in the market..I hope this is what you wanted to ask..

 

[Trader_PK]

First: Thanks to take the time to write down what you see and how you analyze each one of those bars. Very time consuming it must have been.:clapping::thumb: (Did not want to post that again, as it is also very space consuming, so posted only the last comment from you in that post).

Second: You made some profit. So enjoy your profit rather then to be sad not to have made some other profit. Having to high targets can work against us in a very negative way. Never forget that.

A pro always makes only new mistakes.
A non pro and stupid always repeats his mistakes.
A lazy and cowardly person makes never a mistake.
Oscar Wilde (1854-1900)

You also can build some thing nice with all the stones which you have to put away during the time to come to your target.
Erich Kästner (1899-1974)

Take care / DanPickUp

Thanks Dan, No it didn't time consuming..I wrote all this when it was happening..Like after a bar formed I wrote down here.then again edit the post and right next bar and so on..I will post If I got time again ..at least for week..I am posting this for me not for anyone else...Al Brook do this in his Blog....and I following his method so felt...I should also post this kind of bar by bar analysis

 

[narayan78]

Date 02-09-2013

Bar 1. Bull bar at previous day high...we go long above it
Bar 2. again bull bar ....So now Long( because previous bar high broken)
Bar 3. Bull bar...we are in Long
Bar 4. again Bull bar...long
Bar 5. Red bar with bearish engulfing...will try to exit in next bar my long
Bar 6. hammer ..will get out if low of this bar broken
Bar 7. Insider bar...will go short if Bar 5 low broken
Bar 8. Big bull bar in our favour
Bar 9. insider bar ...very careful now at double top
Bar 10. hanging bar...now will get exit my long position if low of bar 8 broken
Bar 11. overlapping bar..useless bar
Bar 12. nice hammer...still long intact...will exit if bar 8 low broken
Bar 13. Nice bull bar in our favour
Bar 14. again nice bull bar
Bar 15. bull bar at triple top
Bar 16. bearish engulfing bar..carefull ahead..our long in danger
Bar 17.Big red bar ..out of long trade...10 point profit
Bar 18. confused bar...we buy above bar 17...and sell below bar 18
Bar 19. Nice Doji bar..will go long above bar 17
Bar 20. again confused bar..Now no long ..only short
Bar 21. red bar.looking for short
Bar 22. Doji...will go short if low of this bar broke
Bar 23. bull bar..useless bar
Bar 24. overlapping bar SOH
Bar 25. again overlapping bar SOH
Bar 26. again over lapping bar SOH
Bar 27. nice red bar..good looking short trade coming
Bar 28.again nice red bar
bar 29. a bull bar..Now also looking to go long above bar 16
bar 30. a reversal bar ..good for short now
bar 31. overlapping bar..SoH
bar 32. bull bar but useless bar
bar 33. overlapping bar... SOH
bar 34. nice bull bar...above this bar will go long
Bar 35. Long and after that nice breakout...stop loss is low of bar 34
bar 36. Pause bar...now stop loss raise to low of bar 35
bar 37. Nice bull continues bar
bar 38. over lapping bar
bar 39. nice bull bar
Bar 40. again nice bull bar
Bar 41. bull bar
bar 42. bull bar
bar 43. again bull bar...5 continuous bull bar..means we will see much higher levels
bar 44. pause bar
bar 45. correction bar...stop loss rise to BE..now no loss
bar 46. little Doji...market ready for higher levels
bar 47. red bar on top
bar 48. red bar
bar 49 again red bar
bar 50 again big red bar..still my stop safe...now move my stop to low of this bar
bar 51. insider bar...my stop loss rise to low of insider bar
bar 52. confused bar...still long
bar 53. Red bar ..long out..10 point profit in this trade too..now looking for sell after low of the bar 50 broke
Bar 54. Doji...will sell if low of this bar broke
Bar 55. again confused bar...Now SOH
Bar 56. useless Bull bar
Bar 57. insider bar...will buy above bar 52 and sell below bar 54
Bar 58 again a confused bar..now long only at high of day..short at same
Bar 59. again a useless bar
Bar 60. Doji now looking interesting for Long
Bar 61. again Doji..we go long above it
Bar 62. Bull bar.. Long now
Bar 63. again bull bar
Bar 64. confused bar
Bar 65. red bar at top of the range...alarming sign
bar 66. Doji..Now my stop is low of this Doji..15 point loss lets see what happn
Bar 67. sideways bar
bar 68. sideways bar
bar 69. sideways bar
bar 70. out my long at BE. now SOH
bar 71 SOH
Bar 72 SOH


Done for the day +20 point excluding charges..will come around +14 point...very frustrating day

pk bhai

I am first time seeing bar by bar explanation.


--- nice explanation ----- what a keen attention you are giving to your trades.

in the chart if u mark important candle bar number it wiil be easy to interpret for me.

and what is the time frame.

with cheers,
narayan