SHAKING OF WEAK BULLS BEFORE FINAL MARK UP IN BNF SEE HOW?
LET US COMPARE WHAT I SAID IN THURSDAY EVENING POST FOR MONDAY
1. ON WEDNESDAY POST I I WAS BEARISH FOR MARKET SO ON THRUSDAY BNF MADE SLIGHTLY BEARISH STRUCTURE WHICH I MENTIONED IN THRUSDAY EVENING POST. NOW ON MONDAY YOU CAN SEE ON THIS BEARISH SENTIMENT MARKET REACTED SO WELL. REMEMBER FOUR DAYS BACK I TOLD I AM BEARISH. THAT IS ON RECORD ANY ONE CAN SEE . I GAVE TWO BLUE HORIZONTAL RANGE LINES , EXPECTING THE DOWN MOVE TO LOWER RANGE OF BLUE LINE NOT IN TODAYS FIG. BUT BNF OPENED BEYOND THAT LOWER LINE. SO PROBABILTY OF RANGE TRADE GOT FIZZLED OUT. NOW COME TO THE TRADE SEE FIRST CANDLE WAS BIG BEARISH CANDLE I DID NOT TRY TO CATCH THIS MOMENTUM.THAT IS NOT THE PART OF ENTRY STRATEGY. AS USAUL I WAITED TO SEE WHICH STRUCTURE MARKET IS GOING TO MAKE. WAITED TILL 4TH CANDLE. SEE IN YELLOW CIRCLE IT CONSOLIDATED IN SMALL RANGE. NO CLUE TO TRADE WHICH DIRECTION. WHEN 5TH CANDLE STARTED GOING UP I WAS WAITING TO SEE WHETHER THIS MOVE WILL CROSS UPPER RANGE ONLY THEN I CAN GO LONG. BUT IT TRAPED ALL AGRESSIVE BULLS AND CAME BACK. THAT WAS THE CLUE TO GO SHORT.AS SOON AS IT SLIGHTLY CROSSED LOWER BAND OF RANGE , I TOOK SHORT.AND IN NEXT 45 MINS WHEN PRICE TOUCHED GREEN CHANNEL ,I BOOKED IT. THIS WAS THE ONLY TRADE . EVERY TIME I SAY MARKET PROVIDE ONLY 1 TO 3 OPPURTUNITIES TO SUCESSFUL TRADE. FOR LAST TWO THREE TRADING SESSION IT OPENED GAP UP OR DOWN SO LESS CHANCES TO TRADE.
PLANING FOR NEXT SESSION
1. FIRST SEE IN FIG THERE ARE BASICALLY TWO CHANNELS GOING ON ONE GREEN AND SECOND PINK. FIRST CANDLE TODAY BREACHED PINK CHANNEL LOWER BAND.THAT GAVE ME CLUE WHETHER PRICE WILL CHANGE ANGLE OR REACH TO LOWER END OF GREEN CHANNEL. YOU CAN SEE A THIRD CHANNEL IN BLUE COLOR. IT FORMED BECAUSE PINK CHANNEL WAS NOT RESPECTED.
2. I MADE A WHITE COLOR LINE. I HAVE ALREADY DISSCUSSED WITH YOU ALL IN NIFTY POST THAT I AM WAITING A PULL BACK TRADE. BUT MARKET CONVERTED INTO RETRACEMENT TRADE, WHICH IS CALLED DEEP PULLBACK. IF WHITE COLOR LINE IS BEACHED THIS TIME , HERE I AM TALKING OF BREAK NOT ASKING FOR TAKEN OUT. IN LAST SEVERAL POSTS I GAVE YOU DIFFRENCE BETWEEN THESE TWO.CHECK PEVIOUS POSTS. THEN MY SENTIMENTS OF LONG WILL CONVERT INTO SHORTS. I WILL IMMIDIEATELY SQUARE OFF LONGS. IN FACT I DO NOT TAKE LONG POSITIONS WHEN A PULLBACK TRADE CONVERT INTO RETRACEMENT. BUT TODAY I CARRIED LONG FOR TOMMORROW. ACTULLY TILL PINK CHANNEL LOWER END WAS RIGHT PLACE TO CARRY LONG AT THIS PLACE NO TRADING ZONE FOR ME. STILL I CARRIED. IF I WERE RIGHT ,I WILL SHARE TOMMOROW ELSE..... IF MARKET BREAK WHITE LINE BY GAP DOWN THEN I WILL BE BEARISH OR WHILE TRADING IT BREAKS I WILL BE BEARISH. OTHERWISE I TOLD YOU BEAR TRAP. MARKET WILL HEAD FOR THIS.
3. AS MENTIONED I WAS EXPECTING THIS MOVE IN 1 TO 2 DAYS BUT IT COVERED ONLY TODAY. THAT CREATES FEAR AMONG TRADERS. TODAY NOT SHARING ANY STRUCTURE OR TOMMOROW MOVE. REST MARKET WILL DECIDE.
YOGESH VATS
1. ON WEDNESDAY POST I I WAS BEARISH FOR MARKET SO ON THRUSDAY BNF MADE SLIGHTLY BEARISH STRUCTURE WHICH I MENTIONED IN THRUSDAY EVENING POST. NOW ON MONDAY YOU CAN SEE ON THIS BEARISH SENTIMENT MARKET REACTED SO WELL. REMEMBER FOUR DAYS BACK I TOLD I AM BEARISH. THAT IS ON RECORD ANY ONE CAN SEE . I GAVE TWO BLUE HORIZONTAL RANGE LINES , EXPECTING THE DOWN MOVE TO LOWER RANGE OF BLUE LINE NOT IN TODAYS FIG. BUT BNF OPENED BEYOND THAT LOWER LINE. SO PROBABILTY OF RANGE TRADE GOT FIZZLED OUT. NOW COME TO THE TRADE SEE FIRST CANDLE WAS BIG BEARISH CANDLE I DID NOT TRY TO CATCH THIS MOMENTUM.THAT IS NOT THE PART OF ENTRY STRATEGY. AS USAUL I WAITED TO SEE WHICH STRUCTURE MARKET IS GOING TO MAKE. WAITED TILL 4TH CANDLE. SEE IN YELLOW CIRCLE IT CONSOLIDATED IN SMALL RANGE. NO CLUE TO TRADE WHICH DIRECTION. WHEN 5TH CANDLE STARTED GOING UP I WAS WAITING TO SEE WHETHER THIS MOVE WILL CROSS UPPER RANGE ONLY THEN I CAN GO LONG. BUT IT TRAPED ALL AGRESSIVE BULLS AND CAME BACK. THAT WAS THE CLUE TO GO SHORT.AS SOON AS IT SLIGHTLY CROSSED LOWER BAND OF RANGE , I TOOK SHORT.AND IN NEXT 45 MINS WHEN PRICE TOUCHED GREEN CHANNEL ,I BOOKED IT. THIS WAS THE ONLY TRADE . EVERY TIME I SAY MARKET PROVIDE ONLY 1 TO 3 OPPURTUNITIES TO SUCESSFUL TRADE. FOR LAST TWO THREE TRADING SESSION IT OPENED GAP UP OR DOWN SO LESS CHANCES TO TRADE.
PLANING FOR NEXT SESSION
1. FIRST SEE IN FIG THERE ARE BASICALLY TWO CHANNELS GOING ON ONE GREEN AND SECOND PINK. FIRST CANDLE TODAY BREACHED PINK CHANNEL LOWER BAND.THAT GAVE ME CLUE WHETHER PRICE WILL CHANGE ANGLE OR REACH TO LOWER END OF GREEN CHANNEL. YOU CAN SEE A THIRD CHANNEL IN BLUE COLOR. IT FORMED BECAUSE PINK CHANNEL WAS NOT RESPECTED.
2. I MADE A WHITE COLOR LINE. I HAVE ALREADY DISSCUSSED WITH YOU ALL IN NIFTY POST THAT I AM WAITING A PULL BACK TRADE. BUT MARKET CONVERTED INTO RETRACEMENT TRADE, WHICH IS CALLED DEEP PULLBACK. IF WHITE COLOR LINE IS BEACHED THIS TIME , HERE I AM TALKING OF BREAK NOT ASKING FOR TAKEN OUT. IN LAST SEVERAL POSTS I GAVE YOU DIFFRENCE BETWEEN THESE TWO.CHECK PEVIOUS POSTS. THEN MY SENTIMENTS OF LONG WILL CONVERT INTO SHORTS. I WILL IMMIDIEATELY SQUARE OFF LONGS. IN FACT I DO NOT TAKE LONG POSITIONS WHEN A PULLBACK TRADE CONVERT INTO RETRACEMENT. BUT TODAY I CARRIED LONG FOR TOMMORROW. ACTULLY TILL PINK CHANNEL LOWER END WAS RIGHT PLACE TO CARRY LONG AT THIS PLACE NO TRADING ZONE FOR ME. STILL I CARRIED. IF I WERE RIGHT ,I WILL SHARE TOMMOROW ELSE..... IF MARKET BREAK WHITE LINE BY GAP DOWN THEN I WILL BE BEARISH OR WHILE TRADING IT BREAKS I WILL BE BEARISH. OTHERWISE I TOLD YOU BEAR TRAP. MARKET WILL HEAD FOR THIS.
3. AS MENTIONED I WAS EXPECTING THIS MOVE IN 1 TO 2 DAYS BUT IT COVERED ONLY TODAY. THAT CREATES FEAR AMONG TRADERS. TODAY NOT SHARING ANY STRUCTURE OR TOMMOROW MOVE. REST MARKET WILL DECIDE.
YOGESH VATS
t.me/tradengrow
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
As I told you yesterday I am carrying longs for this day. So gap up opening of almost 400 pts was good so I booked in first five minutes as I deals in options so it was must for me. Now you see a pull back, I feel that is used for longs keeping SL of yesterday low. For future trades. My target is yesterday high there one should cover.