8-12-2011

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

·       

Date:		8-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Upward	SL/target:	12/30
Level	Comments
5129-5134.5	Buy/Sell
5085-5089	Buy/Sell
5033	Buy/Sell

Date:		8-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Upward	SL/target:	1.5/3.5
Level	Comments
234-234.50	Sell
227.30	Buy/Sell
224-224.20	Buy/Sell
222.50-223	Buy/Sell
215.50	Buy

TRADES 7-12-2011

Today Nifty stopped out on short entry, and there after long entry was not triggered. DLF made the 3.5 point profit target.

7-12-2011

·         The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		7-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Up	SL/target:	12/305070
Level	Comments
5070	Buy/Sell
5036	Buy/Sell
4983	Buy/Sell

Date:		7-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Up	SL/target:	1.5/3.5
Level	Comments
233.70	Sell
226.50	Buy/Sell
222	Buy/Sell

Eqity Curve

Today I just plotted the equity curve of the performance from this blog. It is almost smooth and steady without much draw down. Good for any trading system.

NIFTY

DLF

Trades 5-12-2011

There was no trade in NIFTY today. DLF has two trades, first trade hit SL and second one made traget of 3.5 points. The first trade was at 224.50 -224.80 region. So when price is coming form down side, sell at 224.50 and SL is 224.80 + 1.50 = 226.30. So we put trigger at 226.35.

5-12-2011

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		05-12-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Up	SL/target:	12/30
Level	Comments
5168-5172	Sell
5144	Sell
5094	Buy/Sell

Date:		05-12-2011	Symbol:	DLF Cash
Directional Sentiment:		Up	SL/target:	1.5/3.5
Level	Comments
233.70	Sell
227	Buy/Sell
224.50-224.80	Buy/Sell
219-219.50	Buy
215.50	Buy

There was a mistake in nifty levels. 5044 is edited to 5144 now

• 
  

Trades 2-12-2011

Today was worst day for NIFTY, Two trades stopped out making 24 point Loss. However DLF trade made the target of 3.5 points.

2-12-2011

• The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
• Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
• After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
• Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also. 
• Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
• Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		12-2-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Upward	SL/target:	12/30
Level	Comments
5004	Buy/Sell
4976	Buy/Sell
4956	Buy/Sell
4936	Buy/Sell

Date:		12-2-2011	Symbol:	DLF Cash
Directional Sentiment:		Upward	SL/target:	1.5/3.5
Level	Comments
219.90	Buy/Sell
218.20	Buy/Sell
215.70	Buy/Sell
214	Buy/Sell

November Performance.

Well, today no levels were posted and market opened gap up. On such days, there are levels which becomes active after open, because we don't know where the market will open with such overnight News. It is bit difficult to post after market open as focus is on trading.

I am Taking a look at performance during November.

NIFY - Total no. of Trades = 13, Winners - 10, NET 262 points.
Assuming a brokerage of 2 points and 2 point slippage on SL hit trades, NET profit is 230 points.
It is Rs. 11500 and the margin for one lot of nifty is around 25000. This means a return of 46 % for the month. Actually for intra day trades brokers usually demand half of the margin, but I do not recommend high leverage.

DLF        Trades 15, Winners 10, NET 25.1 points.
Assuming a brokerage of 0.15 point and Slippage of 0.20 points on SL triggers, Net profit is 21 points. DLF futures lot size is 1000 and margin required is around 50000. This translates a net profit of 42 % for the month.

This is good returns, and one following these levels do not have to sit in front of the terminal for whole day. After the first few minutes of open one can decide on the trade and put orders, on most days. Only on days of breakout entries, one has to be more focused, that too normally for 30/60 minutes only.

I track 5/8 symbols daily for trading opportunities, but consistently trading a single symbol is more easier. So I am providing levels for a Futures symbol and another one for cash market levels because there are many traders who takes small position sizes in cash segment.

Trades 29-11-2011

There were two trades in NIFTY, first stopped out. DLF trade made the 3.5 point target.

29-11-2011

The levels are marked as Buy, Sell or Buy/Sell. At levels marked Buy/Sell you can take long and short trades.
· Trades are executed after two minutes from open, i.e. after 9:17 and usually one trade per day. Only take the first trade that comes after open.
· After open, watch the levels and current price. Only the first trade is executed. If a level says Buy and if price is above that level, then buy on a pull back to that level. If price is below that level, wait for a break above that level, and buy on a pull back to that level. If a level says Sell and if price is below that level, then sell when price reaches that level. If price is above that level, wait for a break below that level, and sell on a pull back to that level. If the level says Buy/Sell, then if price is above that level, buy on a pull back; if price is below that level, sell when price reaches that level.
· Usually only one trade is executed on a day. However if stopped out in the first trade, then take the trade at the next level also.
· Breakout is determined on the basis of closing price on a 2 minute chart. Close should be clearly above or below the level. If you do not have a chart, wait for price to trade above below the level for 1 or 2 minutes to validate breakout.
· Do not expect entry at the exact level, execute trades near the levels. SL is calculated from the level, not from the entry price.

Date:		29-11-2011	Symbol:	NIFTY Fut
Directional Sentiment:		Up	SL/target:	12/30
Level	Comments
4874.50	Buy
4840	Buy

Date:		DLF	Symbol:	DLF
Directional Sentiment:		Up	SL/target:	1.5/3.5
Level	Comments
210.30	Buy
208.80	Buy/Sell
203.40	Buy

Trades 28-11-2011

No trade in NIFTY today. DLF traded above our last sell level for more than 2.5 hours, we are focused on opening trades. Even if u entered short later, SL was not hit nor target made. May be a break even trade.