Nitybank
SEE HOW TRAPING IS DONE BY INSTITUTIONS BY GAP UPLEARN HOW TRAPING IS DONE BY INSTITUTIONS BY OPENING GAP UP AND DOWN WITH YESTERDAY PLANING TO TRADE.
1. IN THE FIRST POINT OF YESTERDAY PLANING SECTION , I SHARED THAT TILL PRICE DO NOT BREACH GREEN TRENDLINE BNF IS IN IMPULSE WAVE. SO IT OPENED GAP UP. SEE IN PINK CIRCLE COMPLETE MOVE IS TRAPING OF BULLS. WHY I AM SAYING THIS TRY TO UNDERSTAND THE LOGIC. IN MY EXPERIENCE WHEN PRICE GETS REJECTION FROM POWERFUL ZONE AS YOU CAN SEE YESTERDAY CANDLE SHOWING BIG WICK IN FIG. IS USUALLY BREACHED BY GAP UP OPENING. INFACT REJECTION CANDLE WAS THE PONIT WHERE ZIG-ZAG THREE WAVE PATTERN WAS ABOUT TO COMPLETE NOT SHOWN IN FIG .IT IS IN LOWER TIME FRAME OF 15 MIN. THE CLEAR ENTRY OF BEARS WERE SEEN AT ZONE NOW TO TEST THE STRENGTH OF BEARS , BULLS OPENED IT GAP UP .IF BEARS ARE REALLY STRONG THEN AT SOME POINT ,THEY WILL NOT LET BULLS TO DRIVE THE PRICE. ON THE CONTRARY IF REJECTION CANDLE IN PINK CIRCLE YESTERDAY IS STRONG BEARS THEN PRICE WILL NOT MOVE UP SAME HAPPENED ONLY FIRST CANDLE IS BULLISH AFTER THAT TWO CANDLES ARE IN DECISIVE SHOWING LACK OF BULLS INTREST. BNF SPEND ALMOST TWO HRS IN SMALL RANGE . AND 4TH CANDLE IS BIG BEAR CANDLE. TILL 4TH CANDLE I WAITED TO TAKE POSITION SO I GOT THIS OPPURTUNITY IN 5TH CANDLE. IT WAS SMALL BULLISH CANDLE TESTING THE STRENGTH OF BULLS WHICH FIZZLE OUT THERE I TOOK SHORT AND BOOKED AT UPPER END OF RED ZONE. CIRCLED IN WHITE . YOU CAN SEE THE LONG WICK NOT ME EVEN MANY TRADERS BOOKED THEIR SHORTS.DAY TRADING SHOULD BE DONE LIKE THIS APPROACH. ALWAYS ENTER IN CONFRIM MOVE. ONLY ONE CONFRIMED TRADE MARKET GAVE HERE. I DID NOT CARRY ANY POSITION YESTERDAY BECAUSE I WAS CLEAR, MARKET CAN TRAP ME BY GAP UP LET IT HAPPEN THEN I WILL DECIDE.
PLANING FOR NEXT TRADING SESSION.
1. I WAS BEARISH FOR THIS DAY THATS WHY GAVE YOU BOTH STRUCTURE OF RANGE BOUND TRADE. IF YOU SEE TODAYS STRUCTURE CAREFULLY YOU WILL FIND ONLY ONE CANDLE TRAVELLED UP IN PINK CLERCLE WHERE AS FOUR BEARISH CANDLES TRAVELLED MORE THAN BULLISH CANDLE. SO I WAS RIGHT AS BEARISH FOR THIS DAY.NOW GREEN TREND LINE IS STILL INTACT BUT STRUCTURE IS CHANGED TO RANGE BOUND. THE INPORTANCE OF TRENDLINE IS VANISHED.NOW WHAT INMPORTANT IS THE RANGE IN BLUE COLOR LINES . IF PRICE CROSSES UPPER END OF THIS RANGE AND DO NOT COME BACK IN 30 MINS THEN RANGE BOUND TRADE WILL FINISH AND UP TREND IS RESUMED. SAME IS TRUE FOR LOWER END OF BLUE ZONE.
2. IT IS ALWAYS DIFFICULT TO TRADE RANGE BOUND TRADE SO NO DIRECTION FOR THEM. ONE THING REMEMBER ONE HAS TO BOOK PR AS SOON AS POSSIBLE. BNF CAN SPEND COMPLETE WHOLE DAY IN THIS RANGE.I ALWAYS KEEP ALL CONDITIONS OPEN IN MY MIND , SO ACT ACCORDINGLY WITH BUYING SELLING SETUP. NEW COMERS SAY BEAUTIUL ANALYSIS BUT DID NOT UNDERSTAND. AS THEY DO NOT KNOW STOCK LANGAUGE. THEY LIKE DRAWINGS IN FIG. SO LEARN FIRST ONLY THEN BE ABLE TO UNDERSTAND.
3. WHITE COLOR MOVE IS EXPECTED TO FOLLOW. REST MARKET WILL DECIDE.
YOGESH VATS
CREATING DEPTH IN ANALYSIS IS A WIN-WIN SITUATION SEE HOW?HOW I TRADED IN BNF TODAY WITH YESTERDAY PLANING \
1. AS YESTERDAY I TOLD YOU DID NOT CARRY ANY POSITION IN EITHER SIDES . THE OPENING OF MARKET GIVES THIS ANSWER WHY? YOU ALL KNOW IN MORNING SGX NITY WAS ALMOST 65 PTS UP INSPITE OF THAT BNF OPENED 331PTS DOWN FROM PREVOIUS DAY HIGH .I WAS EXPECTING SUCH THING IN PRICE STRUCTURE THAT IS WHY DID NOT CARRY. TO PROVE MY POINT I GAVE YOU RED COLOR SMALL LINE AND CLEARLY MENTIONED WITH GRREN TREND LINE. THAT IF GREEN TREND LINE IS BROKEN AND PRICE DO NOT RECOVER IN FIRST 15 MIN THEN TREND WILL CHANGE. RED LINE IS BREACHED AND PRICE DO NOT RECOVER IN 30 MINS THEN GET READY TO SEE RANGE BOUND TRADE. SEE PRICE OPENED GAP DOWN AND RECOVERED IN FIRST 5 MIN MARKED IN PINK CIRCLE. A RED COLOR ARROW WAS SHOWN TO RED COLOR ZONE AND TOLD YOU IF THESE CONDITION WERE SATISFIED THEN UPPER BAND OF RED ZONE WAS PLACE WHERE ALL POSITIONS SHOULD BE SQUARE OFF. YOU CAN CHECK AGAIN YESTERDAY POST. SEE EXACT WHITE CIRCLE CANDLE TOUCHED UPPERBAND AND PRICE GOT BIG REJECTION. EVERYDAY CHECK MY PREVIOUS POSTS WHATEVER IS MANIFESTED ONE DAY IN ADVANCE AS MY PLANING TO TRADE NEXT DAY SAME HAPPENS. THIS IS WHAT THE DEPTH OF ANALYISIS WHICH I WOULD LIKE ALL STRUGGLING TRADERS TO LEARN FROM MY POSTS.
2. NOW COME TO TRADING SEE WHOLE DAY STUCTURE WAS LITTLE SCARY SO AFTER THE WAIT OF 4 CANDLES WHEN 5 TH CANDLE TOOK SUPPORT ON TREND LINE I GOT CONFIDENT THAT A MOVE WILL COME. THERE I TOOK MY FIRST POSITION AFTER SUCH LONG WAIT AND BOOKED NEAR UPPER BAND OF RED ZONE INFACT GIVEN TWO WEEKS AGO. YOU CAN CONFIRM FROM MY PREVIOUS POSTS OF THAT PRRIOD. YOU ALL HAVE NOTICED ZONES I PROVIDE WORK FANTASTICALLY IN TRADING EVERY DAY.
PLAN FOR NEXT DAY TRADING
1. TODAY ALSO DID NOT CARRY ANY POSITIONS. BNF IS IN IMPULSIVE WAVE SHOWED YOU YESTERDAY. UNTILL AND UNLESS TRENDLINE IS TAKEN OUT, MEANS CAN BREACH BUT SHOULD RECOVER IN 15 MINS TILL THEN THIS WAVE IS INTACT. CAN SEE NEW HIGH . ON THE CONTRARY PRICE DO NOT RECOVER THEN TREND WILL CHANGE TO RANGE BOUND TRADE.
2. FOR RANGE BOUND TRADE ,RANGE IS ALREADY SHOWN. IT IS VERY TRICKY TO TRADE IN RANGE BOUND MARKET .SO I WILL WAIT FOR PRICE TO COME NEAR BLUE TREND LINE THERE I WILL FIND LONG SETUP FOR THE TARGET OF UPPER RANGE LOWER BAND OF RED ZONE.TWO STRUCTURES SHOWED IN FIG BNF WILL FOLLOW ANY OF TWO. LET THE TRADE CONIRM THE STRUCTURE THEN FIND THAT SIDE ENTRY WITH SL. YOU HAVE NOTICED TODAY WHEN RED COLOR ARROW DIRECTION GOT CONFRIMED ONLY THEN I TOOK LONG AFTER LONG WAIT. REMEMBER TO CREATE DEPTH IN ANALYIS IS 24/7 PROCESS NEEDS DEDICATION ,HARD WORK AND PATIENCE. ROME WAS NOT BUILD IN ONE DAY. REST MARKET WILL DECIDE IT IS SUPREME . BUT I LIKE TO MAINTAIN MY STRIKE RATE.
YOGESH VATS
UNDERSTANDING TRADING LANGUAGE IS KEY TO SUCESS SEE HOW?HOW I TRADED WITH YESTERDAY PLAN SHARED ONE DAY ADVANCE.
1. AS I DISCLOSED YESTERDAY CARRIED LONGS. SO HOW MARKET REACTED TOADY ? INFACT IT OPENED WITH GAP ABOVE DOTTED GREEN LINE ALMOST 450 PTS UP. SINCE THE PRICE WAS UP FROM DOTTED GREEN LINE I WAITED TO SEE WHETHER THIS WOULD ACT AS SUPPORT OR NOT. FEW MINUTES LATER I FOUND PRICE BREACHED IT WITHOUT DELAY BOOKED MY POSITIONS. REASON IS PRETTY CLEAR WITHOUT SUPPORT, PRICE WILL NOT MOVE UP. EVERY DAY I SHARE MY PLANING FOR NEXT DAY AND HOW I REACT WITH MOVEMENT OF MARKET WITH LOGICS SOTHAT STRUGGLING TRADERS CAN LEARN FROM ACTUAL TRADING PSYCHOLOGY.
2. THERE IS PINK CIRCLE WHICH INDICATES MARKET SPENT THREE HRS ABOVE THE WHITE ZONE WHICH EARLIER ACTED AS RESISTANCE NOW ACTING AS SUPPORT. THIS GIVES ME CONFIDENCE TO GO LONG. AFTER WAIT OF THREE HRS 4TH CANDLE TOOK EXACT SUPPORT OF GREEN DOTTED LINE I TOOK MY SECOND LONG WITH SL OF 2ND CANDLE LOW.AND BOOKED AT 6TH CANDLE . AS YOU CAN SEE IT IS NOT BULLISH CANDLE RATHER INDECISIVE TRAPING BOTH SIDES. IN DAY TRADING MARKET USUALLY PROVIDES 1 TO 3 CHANCES FOR TRADING .I OBSERVED THIS IN LAST 14 YEARS. SO THAT WAS THE END OF TODAY TRADING .BNF FOLLOWED RED STRUCTURE SO I FOLLOWED SAME. TRADING HAS A LANGUAGE WHICH PEOPLE DO NOT TRY TO UNDERSTAND AS IT REQUIRES LOT OF TIME ,HARD WORK AND DEDICATION WITH PATIENCE .
PLAN FOR 29-4-20
1. TO DAY I DID NOT CARRY ANY POSITIONS. IN RED COLOR TRENDLINE BNF IS MOVING IN IMPULSIVE WAVE. TILL THEN GREEN COLOR TREND LINE IS NOT BREACHED PRICE WILL MIOVE UP. I SHOWED TWO STRUCTURES IN WHITE COLOR FOR CORRECTION. AFTER BREACHING TREND LINE PRICE DO NOT COME BACK IN 15 MIN THEN CAN TAKE ANY OF TWO STRUCTURES. ALL LONGS SHOULD BE SQUARED OFF. CORRECTIVE STRUCTURES MEANS RANGE BOUND TRADES LET BNF MAKE LOWER RANGE THEN DECIDE DIRECTION. IN CORRECTIVE PHASE MARKET TAKE BACK ALL EARNED IN IMPULSE WITH COMPOUND INTREST .SO NEEDS GOOD EXPERTIES TO TRADE THEM.
2. A RED COLOR SMALL LINE IS FOR TWO HRS TRADING IN FIRST TWO HRS IT IS BREACHED AND PRICE DO NOT COME BACK IN 30 MINS.THEN TREND CHANGES TO RANGE BOUND. IF MARKET OPENS DOWN AND BELOW RED SMALL LINE AND DO NOT RECOVER IN 30 MINS THEN TREND CHANGES TO RANGE BOIND. BLUE COLOR LINE IS THE LAST LIMIT OF RANGE BOUND TRADES IF TAKEN OUT THEN DOWN TREND WILL START. SO I HAVE THESE SITUATIONS IN MY MIND I WILL ACT ACCORDINGLY.
3. FOR UP MOVE RED COLOR ZONE IS SECOND TARGET TO COVER LONGS. FIRST IS GREEN COLOR CHANNEL UPPER BAND. REST MARKET WILL DECIDE.
YOGESH VATS
PERFECTLY UNDERSTOOD MOVE ON FRIDAY TOADY FRUITUL RESULT!!HOW I FACED MARKET TODAY ON PREVIOUS DAY MANIFESTATION OF MARKET MOVE BEFORE IT HAPPENED.
1. ON FRIDAY EVENING I DISCLOSED IN MY POST THAT I CARRIED MY POSITIONS IN LONG SIDE. YOU ALL KNOW I CARRY ANY POSITIONS, I OPEN IN FRONT OF YOU . SOTHAT YOU CAN AUTHENTICATE MY STATEMENTS WITH THE REACTION OF MARKET NEXT DAY.
2. WHEN BNF OPENED GAP UP NEAR THE END OF LOWER ZONE , I BOOKED MY POSITION IN FIRST TEN MINUTES. SINCE I WORK IN OPTIONS SO I DO NOT WANT TO LOOSE PREMIUM. AS YOU ALL KNOW IT DECREASES VERY FAST IN VOLATILE MARKET. WHATEVER REASONS I SHARE WITH YOU KEEP THAT IN MIND FOR YOUR TRADING.
3. SEE THE WHITE COLOR ZONE GIVEN LAST WEEK, HOW IT WORKS EVERY DAY. I CIRCLED IN PINK. ON THRUSDAY IT SPENT ALMOST THREE HRS AT UPPER END OF ZONE. DESPITE HAVING GOOD MOMENTUM COULD NOT BE TAKEN OUT. THERE IS DIFFRENCE BETWEEN TAKEN OUT AND BREACHED. TECHNICALLY YOU ALL HAVE TO UNDERSTAND IT. NOW ON FRIDAY LOWER END OF THE ZONE ACTED AS RESISTANCE. EVEN PRICE COULD NOT BREACHED IT. THIRD DAY MONDAY SPENT ALMOST FIVE HRS BUT COULD NOT BE TAKEN OUT. SEE THE ACCURACY OF ZONE GIVEN FEW DAYS BACK WHEN THIS MOVE WAS NOT STARTED. THIS IS THE SKILL TRADER SHOULD KNOW HOW TO CALCULATE THIS IN YOUR ANALYSIS. TODAY ALSO I CARRIED LONGS. LET'S SEE MARKET BEHAVE TOMMOROW.
4. YOU MUST HAVE NOTICED THAT TODAY BNF FOLLOWED HALF PART OF GREEN STRUCTURE I SHOWN IN PREVIOUS POST. REST WILL BE COMPLETED TOMMOROW.
TRADING PLAN FOR 28-4-20
1. TWO STRUCTURES HAVE BEEN GIVEN IN FIG. ONE RED AND OTHER WHITE. IF GAP UP OPEN THEN RED WILL PREVAIL . ON OTHER HAND IF GAP DOWN THEN WHITE WILL WORK.
2. BLUE IS THE SENTIMENTS CHANGING LINE , IF BREACHED AND DOESNOT RECOVER IN 10 MINS THEN LONG SHOULD BE SQUARED OFF. ONE SHIOULD WAIT PRICE SHOULD COME NEAR GREEN LINE OF CHANNEL . IF TAKE SUPPORT AND MAKE SUPPORTIVE CANDLES THEN LONG CAN BE INITIATED . ON BREAHING OF GREEN CHANNEL DOWN SENTIMENTS WILL CHANGE TO DOWN SIDE. THEN I WILL FIND DOWN SETUP. AS TOLD SEVERAL TIMES TRADING IS THE GAME OF CHANGING SENTIMENTS. SO ONE SHOULD ALWAYS KEEP THIS IN MIND WHILE TRADING. IN NEAR FUTURE HOW BNF WILL REACT THAT I HAVE ALREADY SHARED IN YESTERDAY POST. THOSE MISSED CAN SEE SUBLE ANALYSIS .REST MARKET WILL DECIDE.
YOGESH VATS
MANIESTED THE MOVE OF BNF FOR COMING DAYS FOLLOW IT !!I SHARE MY TRADING PLAN PRIOR ONE DAY OF TRADING SESSION WITH HIGH PROBABLITIES OF MANIFESTATION IN SAME DIRECTION. TODAY ALSO TRIED TO SEE THE MOVE OF BANK NITY IN ADVANCE FOR COMING DAYS WITH NEAR SUPPORT AND RESISTANCE . GENERALLY I DO NOT SHARE THIS BECAUSE IT IS TOO SUBTLE TO UNDERSTAND . PEOPLE ARE MORE INTRESTED ONLY IN DIRECTION AND TARGET RATHER THEN TO UNDERSTAND PSYCHOLOGY OF INSTITUTIONS, DSI, FSI. WITHOUT UNDERSTANDING OF PREVAILING PHASE OF MARKET ONE CANNOT TIME ONE'S TRADE. TRADING IS THE GAME OF PATIENCE , DIRECTION & TIMING. IN LONGER PERSPECTIVE MARKET IS IN ACCUMULATION PHASE IN MEDIUM IT IS IN RE-DISTRIBUTION PHASE, WHERE SELLERS ARE BALANCING MARKET BY CREATING SELL ORDERS TO FILL THEIR WARE HOUSES. WHEN THEY WILL FINISH ALL BUYING IN MARKET AT THAT PHASE , A NEW DOWN RALLY WILL START. INFACT THEY ARE FULFILLING TWO MOTIVES. AT HIGH THEY ARE SELLING AND FRUSTRATING BUYERS TO KEEP THEM IN RANRE BOUND TRADES. A POINT WILL REACH WHEN THEY WILL TEST THE DEMAND AND THEN START NEW PHASE OF SELLING. THIS IS HALF PROCESS OF COMPLETE CYCLE. RIGHT NOW HOW MARKET WILL BEHAVE IN FUTURE I SHOWED IN WAVE STRUCTURES . SEE CAREFULLY. I NEVER CLAIM I UNDERSTOOD MARKET COMPLETELY . IT IS FAR BEYOND MY LITTLE KNOWLEDGE. BUT I TRY TO MAINTAIN MY STRIKE RATE IN FORM OF DIRECTION AND TIMING. THAT I HAVE BEEN SHOWING FOR LAST ONE AND HALF MONTH. REST MARKET WILL DECIDE.
yogesh vats
