IS BNF IN PULLBACK OR TREND REVERSAL LETS FIND OUT !!
COMPARING LAST DAY TRADING PLAN WITH ACTUAL MOVE
1. IN LAST PLAN A RED DOTTED TREND LINE & WHITE SOLID RESISTANCE GIVEN 4 DAYS BACK WERE KEY OF YESTERDAY PLANING. I SHARED IF PRICE BREAK THE RED DOTTED TREND LINE THEN NO MORE SHORTS. PRICE OPENED FLAT THAT WAS EXPECTED , IN FACT ONE OF MY FOLLOWERS WAS STUCK IN LONG SIDE SO WANTED TO KNOW OUT OF CURIOSITY ABOUT OPENING. I TOLD HIM FLAT TO GAP UP. SEE BNF OPENED FLAT. THAT WAS THE REASON I DID NOT CARRY ANY POSITIONS YESTERDAY. SINCE PRICE DID NOT BREACH RED DOTTED LINE AT FIRST 15 MIN CANDLE WHEN IT WAS NEAR TO COMPLETE , I TOOK MY FIRST SHORT POSITION REASON ALREADY DISCLOSED. IT WAS GOING IN PROFIT AFTER COMPLETION OF SECOND 15 MIN CANDLE PRICE WENT INTO CONSOLIDATION . IF THIS HAPPENS THEN ALL PREMIUM PROFIT GETS FLAT IN OPTION. IN THIS INSTRUMENT TRADER NEEDS MOMENTUM FOR HIS/HER TRADE. I WAITED TO MOVE TILL IT BREACHED RED DOTTED TREND LINE. WHEN IT BREACHED I COVERED MY LONGS WITH SOME LOSS. PART OF TRADING. THE UP MOMENTUM WAS SO STRONG THAT I WAS CONVINCED TO GO LONG AS SOON AS IT CROSSED YESTERDAY LOW IN UP SIDE , I TOOK SECOND POSITION IN LONG SIDE. THIS TIME IT RECOVERED MY LOSS AND I COVERED AT 1 NO. POINT. WHY BECAUSE IT BREACHED MY WHITE SOLID LINE AND REACHING THE LOWER END OF GREEN CHANNEL. I WAS SURE THIS UP MOVE IS THE TEST OF THIS CHANNEL. WHAT I WANT TO SHARE HERE IS CHANGE OF SET MIND IN DOWN DIRECTION AND IMMEDIATELY CONVERT THIS MIND SET TO REVERSE HAVING BOOKED LOSS IN FIRST POSITION JUST IN SAME CANDLE REVERSING MIND SET TWO TIMES IS CALLED TRADING. IF YOUR EYES , MIND AND DECIDING POWER ARE NOT SYNC TOGETHER YOU CAN NOT ACHIEVE IT. IT REQUIRES LOT OF PRACTICE. ROME WAS NOT BUILD IN ONE DAY.
2. AT 11.45 I UPDATED MY YESTERDAY BNF IDEA THAT WHITE SOLID RESISTANCE IS CONVERTED INTO ZONE AND SHARED PIC. I INFORMED ABOUT MY NEXT PLAN OF THE DAY THAT RESISTANCE OF CANDLE ONE MARKED IN RED NO. IS TESTED AGAIN AND
SEEN REJECTION THEN I WILL SHORT. ON CONTRARY IF BNF MAKE SUPPORT THAT IS TESTED TWICE THEN I WILL LONG. YOU CAN SEE REAL TIME UP DATE IN PREVIOUS POST. AFTER THE WAIT OF 2.5 HRS , I GOT SAME REJECTION AT CANDLE NO 2 MARKED IN RED. I TOOK 3RD POSITION OF SHORT AND COVERED NEAR THE END OF SAME CANDLE AS I KNEW BNF IS IN CONSOLIDATION SO REVERSE MOVE CAN COME ANY POINT OF TIME. SECOND REASON IT WAS NEAR IN LOWER TIME FRAME AT SUPPORT LEVEL. AGAIN TODAY MARKET GAVE THREE POSITIONS TO TRADE. SHARING OF MY PERSONAL TRADES IS TO MAKE YOU AWARE OF SWITCHING OF PSYCHOLOGY WITH REASONS AND HOW IF YOU ARE WRONG BOOK YOUR LOSS DO NOT WAIT. NO TRADER IN THIS WORLD CAN TRADE WITHOUT TRAP. THIS IS THE GAME OF TRAPPING . YOU SHOULD KNOW WHERE TO ENTER AND EXIT. HOPE YOU WILL LEARN AND IMPLEMENT SAME IN YOUR TRADING DECISIONS.
PLAN FOR NEXT DAY TRADING.
1. AS YESTERDAY I CHANGED MY VIEW OF LONGS TO SHORTS BY BREAKING WHITE SOLID LINE THAT IS CONVERTED INTO ZONE TODAY. THEREFORE THE UP MOVE TO DAY SEEN IN BNF, I ASSUME IS PULL BACK. THAT SHOULD BE FIZZLED OUT NEAR GREEN CHANNEL LOWER END.
2. I SHARED TWO MOVES OF STRUCTURE THAT BNF WILL MAKE TOMORROW IS SHOWN IN FIG. RED AND WHITE DOTTED LINES. IF THE PULL BACK IS EXTENDED THEN IT CAN FOLLOW WHITE ONE.WHEREAS IF NOT EXTENDED THEN IT WILL FOLLOW RED ONE. ORANGE LINE IS THE MAXIMUM LIMIT FOR THIS PULL BACK. IF IT GOES BEYOND THAT THEN I WILL DECIDE AT THAT TIME AND WILL UPDATE YOU.
3. I PERSONALLY FEEL MARKET SHOULD REMAIN IN ORANGE UPPER AND GREEN LINE DOWN RANGE. MY BIASED IS SHORT . I DID NOT CARRY ANY POSITION TODAY. REST MARKET WILL DECIDE.
YOGESH VATS
1. IN LAST PLAN A RED DOTTED TREND LINE & WHITE SOLID RESISTANCE GIVEN 4 DAYS BACK WERE KEY OF YESTERDAY PLANING. I SHARED IF PRICE BREAK THE RED DOTTED TREND LINE THEN NO MORE SHORTS. PRICE OPENED FLAT THAT WAS EXPECTED , IN FACT ONE OF MY FOLLOWERS WAS STUCK IN LONG SIDE SO WANTED TO KNOW OUT OF CURIOSITY ABOUT OPENING. I TOLD HIM FLAT TO GAP UP. SEE BNF OPENED FLAT. THAT WAS THE REASON I DID NOT CARRY ANY POSITIONS YESTERDAY. SINCE PRICE DID NOT BREACH RED DOTTED LINE AT FIRST 15 MIN CANDLE WHEN IT WAS NEAR TO COMPLETE , I TOOK MY FIRST SHORT POSITION REASON ALREADY DISCLOSED. IT WAS GOING IN PROFIT AFTER COMPLETION OF SECOND 15 MIN CANDLE PRICE WENT INTO CONSOLIDATION . IF THIS HAPPENS THEN ALL PREMIUM PROFIT GETS FLAT IN OPTION. IN THIS INSTRUMENT TRADER NEEDS MOMENTUM FOR HIS/HER TRADE. I WAITED TO MOVE TILL IT BREACHED RED DOTTED TREND LINE. WHEN IT BREACHED I COVERED MY LONGS WITH SOME LOSS. PART OF TRADING. THE UP MOMENTUM WAS SO STRONG THAT I WAS CONVINCED TO GO LONG AS SOON AS IT CROSSED YESTERDAY LOW IN UP SIDE , I TOOK SECOND POSITION IN LONG SIDE. THIS TIME IT RECOVERED MY LOSS AND I COVERED AT 1 NO. POINT. WHY BECAUSE IT BREACHED MY WHITE SOLID LINE AND REACHING THE LOWER END OF GREEN CHANNEL. I WAS SURE THIS UP MOVE IS THE TEST OF THIS CHANNEL. WHAT I WANT TO SHARE HERE IS CHANGE OF SET MIND IN DOWN DIRECTION AND IMMEDIATELY CONVERT THIS MIND SET TO REVERSE HAVING BOOKED LOSS IN FIRST POSITION JUST IN SAME CANDLE REVERSING MIND SET TWO TIMES IS CALLED TRADING. IF YOUR EYES , MIND AND DECIDING POWER ARE NOT SYNC TOGETHER YOU CAN NOT ACHIEVE IT. IT REQUIRES LOT OF PRACTICE. ROME WAS NOT BUILD IN ONE DAY.
2. AT 11.45 I UPDATED MY YESTERDAY BNF IDEA THAT WHITE SOLID RESISTANCE IS CONVERTED INTO ZONE AND SHARED PIC. I INFORMED ABOUT MY NEXT PLAN OF THE DAY THAT RESISTANCE OF CANDLE ONE MARKED IN RED NO. IS TESTED AGAIN AND
SEEN REJECTION THEN I WILL SHORT. ON CONTRARY IF BNF MAKE SUPPORT THAT IS TESTED TWICE THEN I WILL LONG. YOU CAN SEE REAL TIME UP DATE IN PREVIOUS POST. AFTER THE WAIT OF 2.5 HRS , I GOT SAME REJECTION AT CANDLE NO 2 MARKED IN RED. I TOOK 3RD POSITION OF SHORT AND COVERED NEAR THE END OF SAME CANDLE AS I KNEW BNF IS IN CONSOLIDATION SO REVERSE MOVE CAN COME ANY POINT OF TIME. SECOND REASON IT WAS NEAR IN LOWER TIME FRAME AT SUPPORT LEVEL. AGAIN TODAY MARKET GAVE THREE POSITIONS TO TRADE. SHARING OF MY PERSONAL TRADES IS TO MAKE YOU AWARE OF SWITCHING OF PSYCHOLOGY WITH REASONS AND HOW IF YOU ARE WRONG BOOK YOUR LOSS DO NOT WAIT. NO TRADER IN THIS WORLD CAN TRADE WITHOUT TRAP. THIS IS THE GAME OF TRAPPING . YOU SHOULD KNOW WHERE TO ENTER AND EXIT. HOPE YOU WILL LEARN AND IMPLEMENT SAME IN YOUR TRADING DECISIONS.
PLAN FOR NEXT DAY TRADING.
1. AS YESTERDAY I CHANGED MY VIEW OF LONGS TO SHORTS BY BREAKING WHITE SOLID LINE THAT IS CONVERTED INTO ZONE TODAY. THEREFORE THE UP MOVE TO DAY SEEN IN BNF, I ASSUME IS PULL BACK. THAT SHOULD BE FIZZLED OUT NEAR GREEN CHANNEL LOWER END.
2. I SHARED TWO MOVES OF STRUCTURE THAT BNF WILL MAKE TOMORROW IS SHOWN IN FIG. RED AND WHITE DOTTED LINES. IF THE PULL BACK IS EXTENDED THEN IT CAN FOLLOW WHITE ONE.WHEREAS IF NOT EXTENDED THEN IT WILL FOLLOW RED ONE. ORANGE LINE IS THE MAXIMUM LIMIT FOR THIS PULL BACK. IF IT GOES BEYOND THAT THEN I WILL DECIDE AT THAT TIME AND WILL UPDATE YOU.
3. I PERSONALLY FEEL MARKET SHOULD REMAIN IN ORANGE UPPER AND GREEN LINE DOWN RANGE. MY BIASED IS SHORT . I DID NOT CARRY ANY POSITION TODAY. REST MARKET WILL DECIDE.
YOGESH VATS
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www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
The structure which has been made till now gives me clue that bnf will move to the orange line in afternoon. Then can reverse. In this range bound market timing of entry and exit is important. Sometimes you kniw direction but bad timing can put you negative. So trade always carefully.