Day 29: Good day today. After falling for almost week, market took a breather and the bulls tried to put a stop to selling. My algo got me into a bullish position in the morning and the momentum gave me my target pretty soon. Had to be away so did not trade later on, but the algo did very well on paper trades. Had a not so good day yesterday and was not feeling...
Day 27: Another trending day. Algo gave good entry and exit, perfect as per coding. Progress : No chasing/FOMO/anxiety (well almost) Learning : Need to chase profit and not let it slip away, market is supreme and smartest of all. Money is more important than getting the math right. Will chase with TSL manually when putting a stretch target.
Day 26: It turned out to be a good trending day today. Right from the morning the market decided to fall and kept falling. Yesterday I had tweaked my algo to take entry on pullback. Unfortunately, the morning pullback was not strong enough to get me a signal, so missed the morning trade. However, algo caught the afternoon pullback and gave me a good profit of...
Day 24 of DayTrading: Let the algo run from morning. Did not tinker with it the whole day. Algo gave correct signals, however the market volatility got me and took away my profits. During the day, had the feeling that now I shoud stop the algo since I was in profit of >1%, however, let it run as I need to develop faith on my algo. Overall, an OK day, but the...
Day 23: As expected, today being the day after a holiday (a trading break day), turned out to be a bad day. The markets remained range bound the whole day (for my stock) and just kept on hitting SL on both sides, frustrating (now, it's more like trying to frustrate). Anyways, I stuck to the algo, not doing any manual trades and the algo did not fall for anything,...
Day 22 of DayTradingJournal: Let the algo run from the morning. Algo did a good job. Had an issue with internet in later part @2:30 when it stopped downloading data and hence no signals. This eroded my profitablility, otherwise later on I checked up eod data and ran a backtest to see the discrepancies in the live vs backtest data. Surprisingly, both matched. Other...
Day 20 of DayTradingJournal: Today I did my first test of the algo that I have been trying to make. I put it live right from the morning and let it take all the trades that comes its way. Surprisingly, the algo did very well. (I think if I did manually, I might not have been so good). Learnings for today: Keep the faith on the system, it pays well. Since TV does...
The FASP for Nifty is listed for 10-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
The FASP for BankNifty is listed for 09-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Greetings Folks, today I have prepared a setup of NSE:DISHTV on NSE the analysis is as follows- - the price started a bullish trend after breaking out of equal high's range - the price was quick to make a deep retracement, i am currently looking at this retracement as bullish confirmation - the price may not retrace much deeper this time, that's why choosing...
Greetings Folks, today I have prepared a setup of NSE:SUZLON on NSE the analysis is as follows- - the price is on a minor bearish mode - we are expecting to take a trade in reversal - the price has swept the previous low's liquidity - if the marked resistance breaks and the price retest, we can expect a minor bullish move - if price fails to do so, leave the...
Greetings Folks, today I have prepared a setup of NSE:HFCL on NSE the analysis is as follows- - the price has made a fresh bullish structure in 15 min time frame - the last higher high breakout failed, which means price can make a retracement to refuel the momentum - the buying price is set under the underlying sell side liquidity orders, if they get swept, our...
Greetings Folks, today I have prepared a setup of NSE:IDFCFIRSTB on NSE the analysis is as follows- - The price is losing the bearish strength after looking at the current market structures - good buying volumes took place in last trading day - if the price breaks out the resistance zone marked in the chart, then we may expect bullish rally don't play with...
Greetings Folks, today I have prepared a setup of NSE:IDEA on NSE the analysis is as follows- - the price was on a great bullish run - right now, the indices as well as the stocks has fallen more than anticipated - the circle marked has the highest probability of being a support now - no market falls continuously, if this is a start of bearish run, we may see a...
I think it will emulate the same movement as NZDUSD and GBPUSD that I shared a while ago. Setup risk:reward: 3.3
Greetings Folks, today I have prepared a setup of NSE:GVKPIL on NSE the analysis is as follows- - the price was following a resistance trendline and broke down due to drastic fall in index - the price is now in a minor range and we are expecting a breakout of the range - don't trade if the price breaks down don't play with fire, always use a predefined stoploss
Greetings Folks, today I have prepared a setup of NSE:GVKPIL on NSE the analysis is as follows- - the price is currently following 2 trendline as support and resistance - as the price nears the end of trendlines we may look to buy for upside - do not go for short selling the stock as the indices are very unpredictable at the moment don't play with fire, always...
Greetings Folks, today I have prepared a setup of NSE:BHEL on NSE the analysis is as follows- - the price was on a good trend but is now starting to change the bias - with the recent failed breakout, its clear that price is not in full bullish mode - we are waiting for price to decide a bias in coming days - the price can go move sideways or give a proper light...