2nd July 2024 - Tuesday

Market moved up yesterday and seems to be positive again.

Need to see how it begins but has formed a massive white candle on daily - so falling all the way from here seems difficult.

I will be bullish to start with.

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Trading day -

The day was ok. I have decided to not to wait for take profit and do it scalping style. Keep booking profits at 10 points movement. Right now, I am trading with a single lot, so no SL trailing can be done - hence - 10 points a trade.

Lost money, then regained some of it.

Lost Money

1st July 2024

Was not able to do over the weekend so doing here. The market started with looking negative. It bounced back quickly from below previous day low. Crossed over to positive side and went above 200 MA.

I took some trades, first one was put trade which hit stop loss. 

Second one actually worked from 1:2 point of view - i was trying to see if i can take a minimum profit of 30 which failed - so exited in small loss.

Thats a no go no. We just do 1:2 and exit irrespective of the number.

Lost Money.

28th June 2024 - Friday

Again Friday has come. Has not been a great week.

The issue continuously is i am facing in past few is that the market is not coming close to 20 MA. So market goes away and never comes back.

Second issue was the confusion on playing around 200 MA - now that has to stop. Will only play 9/15 EMA - not anything else. Once market is close to these, thats when I enter.

Market was highly bullish and continues to be bullish.

Will look to trade long mostly of the cases.

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Trading Day -

Was a good day. Test 9 and 15 EMA and they work well. Let the price cross them and come back to them when they are above 200 EMA for long positions. Once done, take the trade when white takes black.

Similarly, the other way round. Let me price cross the moving averages and then pull back when 9 and 15 are below the 200 EMA for short trade. Once done, take the trade when black takes white.

Made Money.

27th June 2024 - Thursday

 EXPIRY!!!

Another expiry, last one was bad. Lets see if this method playing 20MA works and how much.

All the best - no change in anything. Lets see how it goes.

The market is at all time high. Can it correct from here? Of course.

The market is very positive though - 3 days of back to back breaking previous highs. About 20 MA on daily and 1 hour.

23,821 on Nifty Futures is a major support level and any shorts have to be below this level.

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Trading day -

The direction today was ok but the trades didn't work out. Not all, some did work out and reduced the loss to under Rs 1000.

20 MA is proving to be very slow and hence i have now shifted to 9 and 15 EMA - they are faster. The idea is to trade them - not anything  else - not support resistance, not 200 EMA.

Just take trades at 9/15 EMA and stop loss will be lower of the two EMAs - mostly 15 for long and higher of two for short.

LOST MONEY.

26th June 2024 - Wednesday

One day before expiry.

Market roared on 25th June. Needs to be seen how the things tomorrow goes. Process is very simple.

So will follow the process and see.

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Trading Day -

Today was a good day. Even if not in terms of actual money made but the Futures chart worked better than Gift Nifty.

Took the first trade and got stopped.

Took a second one which made money and recovered loss.

Made Money.

25th June 2024 - Tuesday

Rules remain the same.

Nifty is positive on Daily and 1 hourly time frame. Overall trend continues to be positive.

Look for Call opportunities primarily.

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Trading Day -

It was a weird trading day. Gift Nifty was showing weakness whereas Nifty clearly opened in a good state on one side of both 20 and 200 MAs.

Decision - Never to trade GIFT Nifty anymore - will continue to trade Nifty Futures chart.

All rules remain the same. Trade only at 20 MA.

5 trades today and all went bad.

I am not sure what went wrong. But i have taken trades which was a bad location.

Lets ensure that things go back to normal again.

LOST MONEY

24th June 2024 - Monday

 New week - new opportunity - new experiences.

Strong bearish engulfing on daily timeframe. 23,427.5 is a support level for GIFT Nifty and is currently at 23,467. So need to see how the market opens tomorrow.

Based on how the opening is, trades need to be planned. Looks like a cautious day.

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Trading day -

4 total trades 

1. Took a PE trade - went to 1:2 and then market bounced back from almost touching 1:3 and took breakeven stop loss.

2. CE trade on an already extended market and took the SL

3. Same thing on 3rd trade as no 2. The market had already moved a lot

4. Sideways market for 3rd trade also

Another exit at almost cost.