15.07.2015 Crude Oil

Crude Oil

Date 15.07.2015  6.15 PM

Trend is down .

Now confirm sideways trend, after plotting 4 pivot point . draw S/R zones .

Bear are in strength and bull are weak in comparison in sideways zone.

And price is approached to boundary line in strength , I think boundary will break , now I look after breaking of boundary willb have strength in present trend in pullback .

6.50 pm Price break a support zone on strength , now next step for , price accepted in zone ???

. wait for BOF/BPB entry.

Trade 1:-PULLBACK

Place Limit entry order @ 3330. And stop is 3334

Now price is not break LWP , I am worried about it but faith on my strategy . time 7.04 pm

Exit 3313

Time 7.15 trend sideways >>> down .

Time :-7.28 pm

 Trade 2:- PULLBACK ENTRY  (confidance on TTF pinbar )

Place 3324 limit order entry ….Entry fill now SL is 3327 . and LWP is 3318 .

Entry with the help of LTF …and LWP triggerd now wait for tgt.

Scratch trade @ 3322

TIME :- 7.51

CRUDE OIL INVENTORY :- DON’T TRADE BEFORE 15 MIN. AND AFTER 15 MIN. OF CRUDE OIL INVENTORY ..7.45 TO 8.15 PM NO trade .

Time 7.55 price turned to sideways .

After inventory price is rejected from lower side , now I say Bull are powerful .mkt hands in bull , looking for BULLISH setup in this zone .

Structural boundary

Trading Time Frame

Lower Time Frame

Thank you 

15.07.2015 BANKNIFTY

Date :-  15-07-2015

BANKNIFTY

Open near previous day close and move upword and stay there whole day . After pivot 4 confirm I confirm there is sideways movement and think to trade according to that .

Once break the range low , I look for pullback .

Trade :- 1 ) Pullback

Once pinbar confirmed in TTF took trade .exit trade when Pinbar high broken.

Trade :- 2) Price breaks Trend violation point

 (trend change to upside , price enter in previous S/R zone).

Not follow up seen in buying ..then I enter in trade.

(when I took trade that time I think its CPB , but I look now then I think its wrong its not CPB.)

Exit look at LTF chart whenever price not going to trend direction .

 

Structural Boundaries

Trading Time Frame chart

Lower Time Frame Chart

Lession :- Before  define and reconise  SETUP don’t look for trade . In second trade will get second entry for trade , I want to wait for that with LIMIT entry.


Today is first day for trading with Discretionary trading method with the help of Jagdeeshji and other follower , i request to all please guide me whenever i make mistake and please support me.

Thank you

STEP 3 :- PROJECTION & DEPTH ANALYSIS

I am learning discretionary trading , and start  step by step .
Now step 3 :- Projection and Depth analysis.



NIFTY 3 MIN. CHART

BANKNIFTY 3 MIN CHART

TCS 3 MIN CHART

Thanks for visiting , If anything wrong please mention on comment please

thanks

STEP 3 :-Momentum Analysis

Hello ,
 i am practicing discretionary method of http://www.discretionary-trading.com
i am follow this blog and study it step by step . i am requesting all the follower of discretionary method trading , please come here and please check my practice ..
Please check previous latest post also in this blog. which is below of this post .
Is my practice on right way?
i  am doing things correctly ?
my humble request to all please check and correct me , where i am wrong

Below chart is Step 3 :- Momentum analysis

NIFTY 3 MIN. CHART

BANKNIFTY 3 MIN CHART

TCS 3 MIN CHART

Thank you

STEP 2 :- Example of sideways market

Please check below  chart is example of sideways markets

1) CRUDE OIL 3 MIN. CHART :- Sideways Market

I have two question in my mind
Q 1) where i plot major pivot 4 ? 
( confuse about plot ? .....at minor pivot high c ..OR minor pivot high e ......OR minor pivot high i......where??......which is right place to plot ?? )
Q 2) Can i draw resistance zone immediate above minor pivot high (i.e. c,e,g,i) OR as per theory pivot high 2 as usual
  

2) TATA STEEL 3 MIN. CHART

Q:- Where i plot PIVOT LOW 6??
     ( at minor pivot low a....OR .....at minor pivot low c.......OR at minor piovt low e....)
if i plot major pivot low in one of above three minor pivot low then how i define sideways market. ???

3)RELIANCE 3MIN CHART

Same question in my mind about reliance also .


I request to all senior , please check above chart and guide me about my mistakes and please clear my questions.

Thanks

STEP 2 :-

       second step of your analysis.

1. Identify the trend in the trading timeframe, ie. Up/Down/Sideways.
2. If the trend is Up/ Down, mark the trend violation pivot.
3. If the trend is sideways, draw range support and range resistace                                                                                                                                                                                                                   As per second step  i try to  find trend in Trading time frame (3 min.chart) . i try to find there pivots and tvp and try to numbering them , please check it its right or wrong , if anything want to change please correct it .   
   NIFTY 3 MIN. CHART
   
    BANKNIFTY 3 MIN. CHART
   
   
   CRUDE OIL 3 MIN. CHART
   
                                                                              In above crude oil chart Sideways movement in square is correct ? , i am not confident about it .                                                                   If it correct then where to draw S/R zone ? ...i will draw support zone @ pivot 7 but what about resistance zone ?? .can its valid @ pivot 8                                                                         OR at pivot6.                                                                                                                                    i am not confident what i draw on above chart , i think anyone inspection it , and tell me its right or wrong ...OR show my mistakes . thank you                                                                                                                                                                       In above three chart i am consufe about where i mark sidewayvs market. ..is any chance in above three chart of sideways market . ?? please senior tell me 

Practice :- Structural Boundaries

Below chart is start practice of structural boundaries .

1) BANKNIFTY HOURLY CHART

 2) NIFTY HOURLY CHART

3) TCS HOURLY CHART