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Bankniftyfuture

REVERSAL SEEN IN BN WILL IT WORK OR AGAIN TRAP BEARS SEE YOURSEFCOMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TOADY. 1. In previous post point no 1.( Trading plan ) Today's whole trade I depicted in my first sentence quoting for your consideration " zone 4 end will be my sl for for long side trade." If you see more than half day bnf spend long side. Since market opened exactly up of zone 4 upper end ,therefore, that would obviously become stop loss for long side trade . In comment box around 10 am one of my experienced followers wrote all trade of the day. Those followed his trade would have earned good profit. You can see the upper end of zones was sl of the trade. Yesterday I scolded every body for not taking my words seriously today was the result in profit. He took correct trade. That is the sign of genuine seekers of this art. when traders earn profit and write in comment box That gives me immense pleasure . So do write in comment box your failure and success. Both will inspire struggling traders. when I am doing everything selflessly you all should write for others. I wrote one more thing in previous post in same point no.1 "if price takes out upper end of zone 4 then next target i will update in trading session." . See I did not update as I knew today is the reversal day of this long move that i mentioned in nifty post yesterday. You can see last hour candle bears took entry. 2. I made three circles Two pink color are showing exhaustion where one very small doji and then selling. It worked but next candle is shooting star at exact my zone no .4 upper end level . This time price did not come down it came down heavily after 4 candles.This candle also worked by providing early warning that price is near to topple down. This knowledge you will not get in steve nision book That I recommended for learners. This is pure my work of experience sharing with you all free. In lieu of this every follower who make profit should write in comment box. That is his/her moral duty to support my cause to spread this art in pan India. 3. Now see green circle this second trap And first move down blue line to up side is first trap by bulls. I have already mentioned in one of my previous post that sellers want good price to short ,therefore, they let bulls drive this move. And when reached that level where they want to short ,they entered and you saw fall today in last hour. That is how market works. Now bulls will let price to travel at that level where they are interested to buy. So you will see down move in market. This is a cycle which keeps market running in form of greed and fear. Trade plan for next day. 1. The high of today is sl for coming days for positional shorts. All zones will provide support by converting into micro zones as already showed you all in one of my posts. I do not find move swiftly, rather momentum would every time decreases soon. 2. Earlier I used to say bnf has to travel downside more than nifty but structure is changed now both will not travel much down side . Mostly range bound trade you will see in coming days. Follow already made zones on chart and see price action near them that will suggest the trade for coming days. Today taken out condition fulfilled all criteria that is why you saw up side move till last 1 hr of trade. So never ever forget conditions which I share every day to you. Any trader if follow them will be able to earn profit daily. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
54
HOW CONDITIONS HELP IN SWITCHING PSYCHOLOGY OF A TRADER SEE !!COMPARING THE YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY. 1. In yesterday statement point no. 1, in first line (Trade plan ) I stated that quoting for your consideration. " you see zone 3. at upper end I made green circle if any case by gap up opening or while trading this is even breached then it will be confirmation of trend changed to upside only. " I started my plan with this condition. Can you see in yesterday I gave bearish view. But shared the opposite sentiments first that is how I plan my trades. All posts are packed with this sort of conditions and planing. You all know I generally use two terms in my analysis one breached and second taken out. But this time I used may be first time in history of my posts I said If upper end is" even breached "then sentiments will be changed to longs. Though My view was bearish. When bnf open slightly gap up and touched my blue line and gave recovery I got cautioned that Today my bearish view will not work. That was 10.45 am . When 1 hr candle breached that upper red line that confirmed me about today move to long side. I carried shorts yesterday but when I saw bnf taking support on blue line I cleared my shorts and immediately entered in longs with sl of blue line. See blue line acted as entry point with sl. That is why I always say my zones, support and resistance act as sl points in trading I learned how to make this in eight years of struggle. At that time first condition was not validated but some where my experience worked. After validating first condition I was pretty sure for long trade. Around 11 I updated see My wording Care fully " this point of time bnf standing on critical point. if today's high is broken then 20500 on other side if low is breached then fall." . Can you see the given target achieved or not. I saw followers did not take my words seriously that is why talking of condition of taken out . My dear Followers did I mentioned taken out for upper red resistance and you were not sure of this break out many were thinking of false and could not time their trade .Followers when I manifest trade I know where to caution you with beach and taken out. Though first candle showed you false break out reading your comments all were waiting for taken out condition. In stock analysis my words need to be taken seriously with right perspective. In this way a short build psychology changed into bullish with the help of following condition which I manifest for trading one day prior. 2. Always follow conditions of my zones, support and resistance seriously. To again prove this statement I made many green circle where moves were either stalled or changed to help forming structures of long side. Can any other platform show you things in such detail and consistency of trades. I always say stock market language is probability that works with conditions when I have that skill to manifest moves with the help of conditions then follow. Those who do not follow conditions ,They short at 18400 and wait for their trade to come to 20500. Accept that you are wrong. As soon as you accept it you will be able to protect your capital. One thing for Mr.troller Having 20 years of experience you planned for one side trade not another side already mentioned in your conversation with my one of followers will be waiting for market to help trade you in shorts. Though I am also bearish on market since last week but I manifest other side too. Though you have 20 years of experience I just possessed 14 years. So my request do not ever try to troll me I manifest both sides with my condition so never ever give you that privilege . Trade plan for next session. 1. Zone 4 end will be my sl for long side trade . Right now watching next day move in zone only with the target of upper end.Where all long should be booked. if price takes out upper end of zone 4 then next target I will update in trading session. 2. On the contrary If bnf takes out lower end of red zone no 4. Then my view will be changed to bearish side. 3. All zones will act as support if down move start tomorrow. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
40
BNF IS DIRECTIONLESS SAME IS PROVED TODAY SEE HOW ?COMPARING MY FRIDAYS STATEMENTS WITH REAL PRICE MOVE IN BNF TODAY. 1. In my point 4 ,I clearly mentioned "If red dotted line is crossed upside then zone two will be target." You can see bnf opened gap up and in first hour it achieved my quoted target. In point No5. I mentioned " structure is direction less depends upon next trading session opening . Extension in trend convert many traders into hope trade. " Why I wrote this I know three cases where shorts converted into hope trades. One my personal know. Second one of my followers who shorted around 18400 and did not clear when bnf opened gap up though at 7.30 am I updated this is going to happen. Third my case As market closed At structural switching point. So I also carried my short positions. But there is difference in trading style of first two cases and my case. As soon as market opened I waited for first 5 min to see price action. When I found 5 min candle taken support above zone 1 solid red line. I immediately booked loss in that position accepting trap by bulls. At same time I traded in option to long side. And booked my position slightly above zone 2 upper end. I could do this because When i provide levels they work either support or resistance. Now you see I minimized my loss by square off my future long positions. On other side that loss is covered by options trading position. Other two cases are still in loss. To give my example is to show you that accept your position in loss. when circumstances are opp. This is how an experienced trader manage his trades. Trapping is part of price movement you can not escape from this whether how much you are learner ed . Basic victory is how you apply your brain to manage your loss. 2. Now see my first update at 7.30 am where I mentioned " And see price action zone first and second where this extension is expected to finish.so basically long positional can not be open .only intraday can be opened. if risk reward is suitable. otherwise positional short will be good strategy only when this extension gets over ." . Can you see in this statement I was aware where this extension is going to get over. AT 7.30 I manifested the next move of bnf and same updated to all my followers. I myself acted accordingly. and mitigated my trap loss. If i wanted then i could have easily converted my trade into hope trade like other two example. But I know the result of this foolishness. Now you can see zone 2 upper banned was not taken out in 15 min and 1 hrs time frame. That is my condition for taken out any zone or support resistance. Those who are old followers know this condition of trading in my trading style. I Have been mentioned several times in posts, attaching My condition detail post on 14 may when I shared it in detail. You can see price made only First Hr candle out side my zone 2 but could not take it out in next three hours of trading . Later bnf fell down from high. I showed you how trading is done with crystal clear way with proof of advice given to one of my followers who is stuck with shorts In Friday comment box. I always talk with proof never flaunt . What is truth that i share with you so that you all can understand how trading is done. One of the troll ers who said in my comment box on Friday that he himself has spend 20 years in this field. Sir , I spend only 14 years and wrote in my post that bnf is directionless though I was bearish and took my positional shorts. As you told you have planed everything for short trade but bnf did not give you chance to go short rather trapped. You had no plan for long side because you did not plan both sides . As you mentioned in your comment , if price go long then you will see. But I Manifested everything on Friday and mitigate my loss from 1hr trade in long side. Though I have only 14 years of experience as compared you. 3. In 2pm update I mentioned "for now the trend which i was expecting to change on Friday structural point is changed to down. pl clear all your long." See at right time I informed you all. Result is awaited tomorrow. Trade plan For next session on. 1. In fig. You see zone 3. At upper end I made green circle If any case by gap up opening or while trading this is even breached then it will be confirmation of trend changed to upside only sell on rise. A small doji is seen in circle that shows that bulls have exhausted that is why next candle is selling one. That is power of candle stick which provides quick change of sentiments else you know the psychology behind it in right prospect. Always find candle stick pattern at zones ,support and resistance when I provide . Because my zones and support resistance work magically. You all have been witnessing it for quite sometimes in all my posts. 2. On the contrary If zone 3 is intact then good chances to move down and confirmation will be seen when zone 1 is even breached to down side. 3. As per today move this was final trap by bulls. But bears let them do this because they want ed to get good price for shorting .So now bulls will be ultimately trapped when all conditions I shared gets fulfilled. 4.My first target is zone 1 lower end. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
40
NO CLEAR VISION OF BNF DIRECTION ON 1ST JUNE SEE HOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN TODAY'S TRADING. 1. In last statement point no. 3 of trading plan column quoting for your consideration " bnf has to continue down trend then red upper zone should be intact. on other side if market takes support between two blue area then chances of structure change to up side will prevail." N ow see today's trading price opened gap down took support of fist blue line and three hrs remained range bound then in last two hours touched red dotted line. Now here my highlighted point comes into play. In between two blue lines then chances to go up side intact. But price did not come between these two lines, rather took support and made range between red dotted line and blue line. Here It changed its structure which is purely dependent of bnf opening . If on next trading session bnf opens gap up then market choose to go into extension of long intermediate trend started from 17200. 2. On the other side if market gaps down and do not breach red dotted line then chances of going down will increase. For down trend confirmation price should take out blue first support. Remember taken out not breached. There is difference between taken out and breached ,new followers for your understanding I will attach the post that will clear this condition. As stock market is based on probability so condition should always be in mind of every trader. 3. I showed two arrows one green and second red . let us discuss both. If red dotted is breached by gap up opening or while trading then all shorts to be booked. Time your trade in long side. After beaching if price immediately come back under dotted line this time it will be assumed broken and find set up to trade in long side. Where as red arrow condition is different If price takes out blue line down side then shorts can be open only then this long trend will become deep retracement . Right now consider with today price action long trend. 4. If red dotted line is crossed upside then zone two will be target. For candle stick readers see I circled a hammer candle at support it was activated only when next candle closed above the high of hammer. only then chances of working this candles starts. See after that price moved up side. Any candle stick works near support or resistance when get activated. Other then support resistance or support very less chances of working. 5. structure is direction less all depends upon next trading session opening. Extensions in trend convert many trades into hope trades. so when your are wrong accept it and book loss in that trade rather to convert into hope trade. I see many new traders buy on resistance and sell on support this is suicidal act ,make it reverse while you take any position. This is basic principle of trading . Never ever forget my conditions while trading. This could be fatal to you in form of capital. When I mark my study on chart follow it . At least my study will work as dos and donts in trading. It is like a track where you have to drive your trading vehicle by time your trade. Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
31
WHY MARKET LOVE MY ANALYSIS COMPARED TO ON AIR VETERANS SEE NOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. Before starting this , I would like to share something with you all. As new followers are joining every hour so you need to understand some points so that quest of new comers and satisfaction of genuine seekers can be handled easily in coming days. See My mission is to eradication the unemployment of educated stuff from my beloved country by means of this art of analysis any market or scrip which I have been showing you for last two and half months consistently. If God bless me, and your support I want to take this art in pan India. At least one member of every family should be trading in market with help of this art. Many questions are being asked daily regarding how to start to adopt this art. I have already answered in few days back post. So I request to old followers when this question is asked in comment box by any new comer pl answer it with full detail which I shared in that post. Also I replied many traders how to start individually . I request to answer them. I cannot handle every query individually. As I am doing this for people selflessly , I found two benevolent traders one is Mr. Arvind and Second is Mr. Minibufett. I appreciate the way he helped toady when a new trader was stuck in wrong direction of trade ,He wrote a mesmerizing , depth full ,reply to new trader. Well done Mr. minibufett .This sort of self less co-operative attitude is required for our country people. I request both of you be part of this mission and help struggling traders. You both have good experience in trading . In this way my load will be shared and would be able to provide all replies to struggling traders. I will keep watch on your replies when I feel correction that will be done by my reply to questionnaire. 2. For those who want to start this please start with Candle stick course by steve nision download it from pendrive.com free ebook site. Read it carefully ,practice all concept on historical charts by recognizing all pattern described in book. when you complete it then next part will be given. Do not read like story book . 3. Let start comparing my statements of previous post with actual move in bnf. See in point no.3 of trading plan I clearly mentioned " i made pink ,green zone either trend can change to down from this zone or can change to red resistance. in any case price takes out red resistance then down trend will switch into main trend upside. on the contrary if red line is not taken out then down trend will start." . Now you can see in fig . price breached red resistance and came down. Why price always react the level given everyday in all charts. Whatever I manifest you see that next day on chart, without any day fail in last two months. This an art which I want you to adopt by putting hard work. I like those who can put that hard work which I put in my struggling days. That is why I say market loves my analysis. Trading Plan for next Day. 1. Now see fig carefully, bnf is standing at very critical junction where it change its intermediate structure to down fall or upside. I provide conditions to make your understanding market move easy. If understood carefully. Like two of ours benevolent traders you all can earn daily. As they are earning. Even one of them today shared his live trades in comment box with all instructions. 2. See upper red zone ,I made green arrow this shows if price takes it out then bnf sentiments will change to long. on other hand I made green dotted support line if this is taken out then bnf will resume its down trend showing red arrow. If price remain in orange arrow area then no direction price will be range bound giving both sides trades. 3.Bnf has to continue down trend then red upper zone should be intact . on other side If market takes support between two blue area then chances of structure change to up side will prevail. 4. I circled a candle at red resistance in green color , this was the candle which fulfilled the condition of taken out still you see got failed . price came back in next candle down. See taken out and breached are guidelines not permanent rules. 90% that condition work rest it will not work today was the day. If you fit that condition in 1 hr then it worked.But in 15 minutes it failed because follow up buying was missing. When asked by one of followers I said wait to go long .That was the reasons. Can check my reply in comment box. I think I cleared all options of trade . Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
63
BankNifty Day Trading Strategy [29 May 2019]Shorting opportunity below 19000 with an Sl @ 19310for a target of 18500 Disclaimer: All views and chart analysis shared are purely for knowledge and information purpose only. Our analysis is intended only to provide general and preliminary information to investors and traders. It shall not be construed as the basis for any investment decision or strategy. Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:BANKNIFTYShort
by AkmeAnalytics
WHEN BASE IS STRONG THEN RESULT IS LIKE THIS SEE HOW ?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF. 1. Before starting this blog I would like to congratulate to one of my esteemed followers Mr. Arvind who is a discipline trader and this quality makes him different from others. I have been observing him for quite sometime, he is regular earner from this market. In fact , the urge to learn and be focused on his trading makes him daily earner. See todays comment box you all will be amazed by his logic to take trade and exit. Whatever I shared in previous posts , He still remember all basic points and implements in his trading room. Yesterday I did not carry any position in long side whereas he carried , when booked profit at given green dotted zone , He gave good reasons of enrty which took in second candle . Means one position carried forward in long side aand intraday entry on 2 candle. This is how trading is done. The main thing is that he tries to understand concept and remenber all previous important points while trading. That makes him Disciplined. One more thing I like how, He helped others in trades by make them remembering all points time to time to which I shared in my previous posts. That is why I tell every trader to vist comment box of previous day when current post is finished . There you will get many trading tips in form of questions and replies.I never prefer private chat until and unless thing is really private. Just because every question asked in private chat , I would like to reply publicly sothat others can also be benifited. That is the main reason to discourage private chats. I am happy slowly-2 people are understaning market and earning by helping each others through comment box. Serve people selflessly as I try to do, sharing my skill to all . If you undersatnd any concept help your co-trader. That culture I want to start in comment box. 2. Now In yesterday post in point no.1 clearly mentioned that, I quote for you " If dow sustains its gain then only gap up open can turn this resistance into up trend move." . You all can see bnf opened gap up and made a very special candle circled in green whenever you see this type of small doji in starting of uptrend then get ready for good rally. This is valid for upward trend only. when I started my career , while reading candlesticks I came through this candle from that day to till now I caught many rallies on this basis of course today one. In my last thursday post I told you that after crossing green dotted line price can go to blue line . If crosses this then sentiments will change to long. See yourself market crossed blue line and gave 400 pts rally . One of my followers was ready to short at green zone in Frustration because he missed rally to green zone . Thanks To Mr. Arvind he remianded him my instructions. Later on when price crossed blue line He also took entry with sl of that line and made good profit wrote himself in comment box. He should be thankful To Mr. Arvind to save him from such big loss. 3. In thursday post I mentioned that to travel the distance till zone will take time. Same happened took two days. See whatever be the circumstances by news My analysis never get failed because I manifest the conditions of trade first then go for entry. keeping all conditions mentioned in my mind. Can you take out any post now in 100 nos. where my conditions gets failed. Nope single time. This is the game of switching of sentiments. One should put hard work in education. Rather getting tips from others. Stand on your own. Trading Plan for next day. 1. See one thing is clear that Micro structure of down trend has changed to intermidiate structure of down trend. Otherwise micro pullback did not convert into deep retacement by taking out blue line. 2. In fig. I took my position when 1 candle got completed and did not breach the red dotted channel line and made small doji .With this candle I took my entry . See one needs to be so skillful to draw channels like I showed in red channel( upper end removed) that gave me clear vision with candlestick support for my entry.This is classic channel I made yesteday, people even cannot think about it with perfect move catching. I booked my 1 position on lower end of green channel Where Mr.Arvind booked. Then price entered into no entry area on either sides shown in white color arrow. This area is very dangerous where trend could take u Turn.2nd position I took with the sl of blue line booked near green solid line. 3. I made pink , green zone either trend can change to down from this zone or can change to red resistance. In any case price takes out red resistance then down trend will switch into main trend upwards. Onthe contrary if red line is not breached and taken out then down trend will start after this deep retracement. I cleared every condition take your trade accordingly with sl. Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
71
IT IS TOUGH FOR ME TO MANIFEST TOMMOROW TRADE IN BNF SEE HOW ?COMPARING FRIDAY'S STATEMENT WITH TODAY'S REAL MOVE. 1. In 2nd point of last post , I mentioned that I am excpecting a pull back trade which can go to green dotted line. That line is now converted into green dotted zone. I also mentioned that this will take time to go near pullback target . Also mentioned range bound trade . You can see market opened gap up and stayed up side nearly 4 hrs. After that, small slide to down side and recovered in last 15 mins. Almost same trade as depicted on friday. Price did not reach at pull back target and trade was range bound. Every day you all see how this skill can manifest a trade before it happens. 2. Today i gave an update around 1.30 when some of my followers were either confused or changing sentiments when bnf started to decline. In first update i mentioned that every decline is not change of sentiments. There was a point where I was expecting to stop decline , therefore , I took long after wait of almost whole day. Though i knew the last point of change of structure for long. This trade didnot work price started to move down. Though that structure changing point was 100 pts away but I did not stop myself to book position sl in only trade of day . Because I never convert my trade into hope. It is always to accept you are wrong and exit from trade. This sort of incidence I share with struggling traders sothat they should know , having manifest a move before it happens I also fall trap of bad timing. The main thing is that i know how to protect my capital and struggling traders do not know. So learn from my experince. See a good quote on this psychology is available on my twitter handle @yvatsji. In second update I mentioned That level 17350 is crossed then trend will change . You can see It breached but recovered instantly. That is the power of this art . Even I knew it still I booked position sl. Just to safe my capital. As stock market is game of probability nothing is sure shot. 3. Many of the followers are asking next book to read . I want to tell everyone that do not read book like story book . Then all Gyan will be vanished on that attitude. It will be waste of time. Until you grab the concept and practice several hrs to see that patterns on chart and matching psychology with trend. It takes times . So decide youself do you want to get this skill or let keep into books. Practice of several hrs is must. Trading plan of next day. 1. See I mentioned a pull back that has already done. Even gave respect to that level which on decline that I shared with you. Hope All followers would get it in time. Therefore , I expect it to continue with the target of now green dotted zone which was in previous post, a green dotted line. There is condition with this . As dow is almost 500 pts up So if it remains up then long will go. Otherwise see in fig. I made a red dotted channel where price is stuck and seems to be taking resistance marked in green circle. If dow sustain its gain then only gap up open can trurn this resistance into up trend move. otherwise market can change up trend to down trend. Why i was in evening confused to manifest this move because since last week I was bearish on dow and dow did not even breach a srtuctural point whole week. Today with gap up opening It broke. And I am not satisfied by dow move. And same sort of situation in bnf chart. 2. I marked two pink circle See carefully 27 bar moving average is acting like a good resistance and our price is under this average . That is one of the reasons if dow do not sustain then down move. I tried to show you the real picture of bnf . Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
31
BNF CONFUSED MANY LEGENDS WITH YESTERDAY MOVE SEE YOURSELF!!COMPARING YESTERDAY STATEMENTS AND TRADING PLAN WITH REAL MOVE TODAY. 1. In my yesterday statement point no1.(trading plan column) what I said is quoting " see this upside move in last two hrs in market, i feel is pull back that should be end near blue resistance line." . See I can not write with 100/% emphasis on my statements. Because stock market has unique langauge which teaches me never ever in your life predict me(stock market). You are nothing to me( stock market). I am supreme. That is universal truth. But even a veteran preceptor likes only few disciples . Perhaps I am one of them. That is why on record at this platform market rewards me with more than 95% of strike rate. Yesterday saw many big authors predicting long on market but unable to see the structure of market in over all prespective. They have been posting since ages. I started just two months ago. Getting followers love from very first day of posting my first idea. Thanks to trading view for providing this platform as a bridge between professionals and struggling traders. 2. I marked two circle one in green showing the perfections of support that is also in green color from where market turned. And pink circle showing the perfection of blue resistance from where price changed its trend today. All these level have been given many days back. And see how perfectly working both sides. This is what I call manifestation of stock moves before it happens in real. Those who can put lot of hard work spending all hours of life with stock market can adopt this skill. TRADING PLAN FOR NEXT DAY. 1. As I yesterday shared that it is pull back so with trend move that is down side will start again. May be green support line will provide some pull back to give entry to shorts for those who are not the part of this trend. Basically sell on rise is good strategy for bnf. Targets have been given earlier. So time your trades with the help of support and resistance. 2. The momentum of move will depend on US markets if they remain range bound as have been for last two days then our market will ramain like that. If at night they break two days range then you can also expect to achieve both targets otherwise only first. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
77
IS TODAYS MOVE IN BNF TREND REVESAL OR PULL BACK SEE !!COMPARING MY LAST STATEMENTS WITH TODAYS ACTUAL MOVE IN BNF. 1. In previous day trading plan I was expecting a gap down opening in bnf even dow closed almost 350 pts down. But in morning dow futures was up 130 pts when sgx opened. Therefore, gap down impact from dow in morning nullified by dow future that is why sgx did not satisfied supoort bule line condition mentioned in sgx post. In second point of last post I clearly mentioned " in case price takes out red dotted line then trend can change to range bound .wait for price to breach red dotted line and book immediately." I myself did same as I also carried shorts. See market spend almost four hrs in range bound trade to move down side was the right condition for bears. candle no 4 was providing perfect conditions to go down. At 5th candle bear got trapped (when they were trying to take market down.) This candle gave me imformation of change of sentiments and I booked all my shorts . Pink color circle is showing that imformation that I wrote. See stock market is game of switching of sentiments when market changes. Those who followed my instruction of red dotted line ,I am sure did not book shorts at loss as I booked in Profit of yesterday shorts. 2. I every day try to make traders decisions simple by sketching support ,zones and resistance. I claerly mention all conditions of trade. You just have to find entry and exit points from my analysis. I am sure you would be able to learn and earn. One more thing for new followers , please don not enqiure about entry and exit while in trading hours. I can not spoon feed . I am here to help you in understanding markets. Please burn night oil to mark your entry exit on fig which I share every day to make your trading easy. I will not respond to query related to timing of market that you have to take out youself. I will reply all educational points . Plan for next day trading. 1. See this up side move in last two hrs in market , I feel is bull back that should be end near blue resistance line. If that resistance is taken out then my biased will change into up side. A green arrow showing up side territory. Otherwise sell on rise is market. Every pull back should be used for shorting. 2. Till now no trend revesal . See market move tommorow and follow conditions mentioned for trade. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
11
SEE IMPORTANT CONCEPT HOW MICRO ZONES ARE FORMED IN TRADING !!COMPARING MY TRADING PLAN OF YESTERDAY WITH REAL MOVE TODAY. 1. Before I stared this blog, I want to discuss some genuine problem which I am facing with new followers. See I published my ideas for all my followers. Sothat you all can be motivated in trading those who want to make career in stock market and earn from this.To make you familiar with this unique skill I share my personal analysis with you all. Stock market is my career that is first for me else is later. In market working hours my total attention is no changing phases of market .When some of followers send their queries in that time I get distrubed. Especially related to when entry and exit. See entry and exit is related to timing , I share complete outlay of movement in fig. Now its your responsibility to read each and every instruction carefully. And act accordingly. I every day try to post before 6 pm sothat you all have sufficient time to study and ask any query regading fig. I am available after market hrs. I can guide you, hard work burning of night oil is your job. Generally people ask silly questions why they have not done their home work properly. When i reply to see chart carefully then they reply yes sir got it. In working hr if trade is stuck with heavy loss then write me with complete entry level and quantity, i will happy to help you. But spoon feeding of entry exit on the spot is not my job. So those followers who are intrested in this sort of psychology , they are not at right place. Maintain social decorum of followers & publisher. Hope those followers can understand my situation. Ask any query after market hrs. Any educational query can leave in market hrs not trade related . That will be answered ater market hrs. 2. Now come to trading plan. In first point of plan i told tou the condition of green dotted line. That is fulfilled by taking out of price after opening flat. Next 45 mins completed taken out factors. so it was clear that trend is in short direction. So question arises of timing. How to time the trade. See after gap up or gap down i do not try to be parrt of trade in any side in first hour. But here situation was diffrent market open flat. But see first 15 min candle it was big volatile. since it covered that much price which was not good in point of risk reward. Plus long tail. One more thing for our taken out condition was not fulfilled in first 15 min we require next 15 min candle to close the low of first 15 min candle. See in 15 min time frame second candle is inside candle which did not close below the low of first candle.This means next !5 min required to confrim taken out condition. Next candle closed here we got confirmation of down direction. But at this satge risk reward ratio got distrubed so can not short as profit to book first level is very near. So this trade is gone. Now i waited for next trade. Around 11.30 I updated that direction is changed to up side and trade in that side. Why i told this see chart carefully second candle of one hr should travel to green solid line. But momentum lost and made new micro support zone with red dotted line.This gave me clue with sgx nity chart in which i told you yesterday it will test red zone lower end. The price of sgx was at that level. Thereore, I updated this change of trend. Next 3rd candle was indecisive confrimed the micro zone as price did not go low.I waited till 5th candle . 4th & 5t trapped bull and bears both side that gave me confimation to go long . Here i took 1 position which i booked at upper micro resistance zone. some guy was asking the target of upper side . Ater some time when he read chart carefully got that red line mentioned in comment box. In Fact my target of upside was green dotted line as it is now resistance once support. But the monnentum was not good so when it touched red box lower band I became clear of upper micro zone. This is how i traded today . All reasons mentioned of entry and exit with comp [lete details. I really want you all learn and earn. Trading plan For next day. 1. With the structure available i feel chances o gap down open because all factors to take price down are now complete . May possible to trap bulls so can give you gap up open that should fizzle out instantly . If gap up is above white trend line then chances of trend change to up if white trend line acts as support. 2. If market go down then blue line would be my traget to book shorts. Here market can make micro zone which i showed you how they are made. 3. Today i am not going tom check this lenthy blog . pl forgive me for any mistake. Rest market will decide. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
17
BNF RESUMED DOWN TREND BREAKING MOST SENSITIVE POINT SEE HOW?COMPARING OF MY YESTERDAY STATEMENTS WITH TODAYS MOVEMENT IN BANK NITY 1. YESTERDAY I SHARED THAT CARRYING LONGS FOR THIS DAY. SEE BNF OPENED ALMOST 400 PTS GAP UP. MY RULE IS SIMPLE WHEN I GET THIS OPENING IN FORM OF GAP UP OR DOWN I WAIT FOR 5 MIN CANDLE EITHER TAKING SUPPORT OR TAKING RESISTANCE . I BOOK MY PROIT . IN TODAYS CASE SEE CANDLE NO 1 TOOK RESISTANCE OF EMA AND FIRST 5 MIN CANDLE BREACHED MICRO SUPPOT OF WHITE DOTTED LINE. I DECIDED TO COVER MY LONGS. 2. SEE WHITE COLOR SUPPORT REMEMBER THE CONDITION OF YESTERDAY IF THIS SOLID WHITE LINE IS BREACHED I WILL COVER LONG AND WILL CHAMGE MY SENTIMENTS TO SHORT. SAME HAPPENED. I WAITED 3 RD CANDLE TO SEE MY SET UP FOR LONG TRADE. WHEN 4TH CANDLE TOOK SUPPORT AT WHITE SUPPORT I TOOK LONG. MARKET WAS MOVING UP ALMOST 1 HR AFTER TAKING LONG I WAS HAPPY BECAUSE WITH OPTION POSITIONS, I TOOK FUTURE TO CARRY NEXT DAY. WHEN 5TH CANDLE SHOWED ME WEEKNESS THERE I BOOKED MY OPTIONS BECAUSE MOMENTUM LOSS IS PREMIUM LOSS. BUT DID NOT COVER FUTUIRE. THAT I COVERED AFTER COMPLETING OF 5TH BEARISH CANDLE. WITH SOME LOSS . NOW I HAD TWO WINNING POSITIONS AND ONE WITH SMALL LOSS. NOW THE PSYCOLOGY CHANGES IN MY MIND AND EYES BECAUSE OF TWO REASONS. ONE AFTER TAKING GOOD SUPPORT BEARS TRAPED BULL AND COULD NOT TAKEN OUT WHITE MICRO RESISTANCE SECOND TIME FIRST IN MORNING WHEN GAP UP AND SECOND THIS ATTEMPT, IN THE MEAN WHILE BREACHED WHITE SUPPORT . THERE I SET MY PSYCHOLOGY TO REVERSE DIRECTION AND TOOK SHORTS IN OPTIONS. 6TH CANDLE MOVES GOOD GIVING HANSOME REWARD I COVERED BEORE IT FINISHED. 3. SEE LAST FEW DAY BNF GAVE ME ONE CHANCE TO TRADE BUT TODAY THREE. AS I ALWAYS SAY 1 TO 3 CHANCES ARE PROVIDED BY ANY INDEX IN THIS WORLD TO TRADE INTRADAY. ONE HAS TO TRAIN ONES MIND EYES WITH SWITCHING OF SENTIMENTS WITH PRICE ACTION. IT REQUIRES LOT OF PRACTICE OF MANY YEARS. TRADING PLAN OF 6TH MAY 2020 1. MARKET FLOWS WITH THE MAKING OF STRUCTURES SO IT CREATES MANY PSYCHOLOGICAL POINTS TO CHANGE ANY STRUCTURE . TILL ATERNOON I WAS EXPECTING TO FROM STRUCTURE FOR TRAPING OF BEARS SINCE LAST THREE DAYS BUT TODAY BY BREAKING WHITE SUPPORT, REJECTED THIS PERCEPTION. YESTERDAY I TOLD YOU IT HAS CONVERTED PULL BACK INTO DEEP RETRACEMENT .SO IT IS IN NO TRADING ZONE. STILL I CARRIED LONGS AND TOOK INTRA DAY LONG. JUST BECAUSE I HAVE BEEN SEEING THESE FORMATIONS FOR LAST MANY YEARS. I CAN PRE EMPT THE MOVE AND ACT ACCORDINGLY.STILL I FAIL IN SOME STRIKES . THAT IS WHAT TRADING IS. ALWAYS REMENBER WHEN ANY PULL BACK CONVERT INTO RETRACEMENT THEN CHANCES TO FOLLOW WITH TREND DECREASES. REVERSE GETS ACTIVATED. 2. TODAY FEW TRADERS DID NOT CLEAR LONGS ON BRECHING WHITE SUPPORT . THEY ARE STRUCK NOW. I WANT TO TELL THEM TREND IS REVERSED TO DOWN A GREEN COLOR SUPPORT DOWN IS VISIBLE BN WILL COME TO THIS.IF TAKES SUPPORT AND TAKES OUT RED DOTTED TREND LINE THEN CHANCES OF MORE DOWN ALL WILL DECREASE. BUT IT DOES NOT MEAN I WILL CHANGE MY SENTIMENTS TO LONG. FOR THIS I NEED MORE PSYCHOLOGIGAL POINTS IN CHARTS, HOW BNF WILL REACT ON THEM AND MAKE WHICH STRUCTURE. EVERY DAY I WRITE SO LONG JUST TO MAKE YOU AWARE OF FOLLOW CONDITIONS WHILE TRADING AND GET ACQUAINTED WITH HOW TRADING IS DONE . WHERE I WAIT FOR SET UP AND WHERE, I TAKE ENTRY AND EXIT. I F I WERE HOLDING LONGS I WOULD HAVE BOOKED LOSS RATHER TO CARRY THEM. GREEN SUPPORT HAS POTENTIAL TO CHANGE TREND WATCH IT CAREULLY. THIS SHOULD NOT BE TAKEN OUT FOR LONG. IT CAN BREACH BUT NOT TAKEN OUT. SELL ON RISE IS MARKET . REST MARKET WILL DECIDE. YOGESH VATS
NSE:BANKNIFTYShort
by yvatsji
7
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
NSE:BANKNIFTYLong
by yvatsji
18