Trade 0011-2 STAR TRADE

1. Date 07-Aug-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 

4.Why did you do the trade 
JNSAR(5220) and trailing stop loss between  between 3 sma and 12 sma favors long.
5360 was the Symmetry target. 5344-5375-5385 was resistance.

5.Entry price- 5305

6.Risk  - 25 points  (bullish engulfing pattern)

7.Initial Target - Daily timeframe Resistance 5340/5375

8.Exit Price  - 
Exit  2 lot @ 5360

9.Analyze the trade -
Target was achieved for  2 lots ..

10. Postmortem -
This trade worked as planned.

Trade 0010 -2 STAR TRADE

1. Date 31-July-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures /  (2 lot Position Added on Aug 3 ,2012)


4.Why did you do the trade 
JNSAR(5170) and trailing stop loss between  between 3 sma and 12 sma favours long. 5250/5300
was the target.


5.Entry price- 5164 


6.Risk  - 10 points  (piercing pattern)


7.Initial Target - Daily timeframe Resistance 5250/5300


8.Exit Price  - 
Exit 1 lot @ 5240 /Exit 1 lot @ 5210   ( 2 Lots Still open)


9.Analyze the trade -
Target was acheived for 1 Lot @ 5240. 


10. Postmortem -
This trade worked as planned.

Trade 0009 -1 STAR TRADE

1. Date 10-July-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 


4.Why did you do the trade 
JNSAR(5270) and trailing stop loss between  between 3 sma and 12 sma favors Short. Nifty seems to be struck between two GAP ( 5157-5187) and (5265-5300).5187 was only Target.


5.Entry price- 5260


6.Risk  - 10 points  (bullish engulfing pattern)


7.Initial Target - Top of lower GAP -5187


8.Exit Price  - 
Piercing pattern  - lowest low of two sessions can be used as Support /Resistance (5230). Exit 1 lot at 5230 level .


Exited another  1 Lot @ 5187.


9.Analyze the trade -
Formation at Piercing pattern at 5230 level suggested  part booking.


10. Postmortem -
This trade worked as planned.


This trade is closed now.

Trade 0008 -2 STAR TRADE

1. Date 09-July-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 


4.Why did you do the trade 
JNSAR(5230) and trailing stop loss between  between 3 sma and 12 sma favours long. 5340/5380 was was Target.


5.Entry price- 5263


6.Risk  - 10 points  (bullish engulfing pattern)


7.Initial Target - Daily timeframe Resistance 5340/5380


8.Exit Price  - 
Exit 1 lot @ 5340/Exit 1 Lot @5250


9.Analyze the trade -
Target was acheived for 1 Lot @ 5340 . Because of Gap down - I need to close second Lot.


10. Postmortem -
This trade worked as planned.

Trade 0007 -2 STAR TRADE

1. Date 29-June-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 


4.Why did you do the trade 
JNSAR(5133) and trailing stop loss between  between 3 sma and 12 sma favours long.Once The Gap(5219-5225) got filled ,Risk -Reward became favourable.


5.Entry price- 5226


6.Risk  - 10 points  (bullish engulfing pattern)


7.Initial Target - Daily timeframe Resistance


8.Exit Price  - 
Exit 1 lot @ 5280. /Exit 1 Lot @5320


9.Analyze the trade -
There is no reversal  signal yet , I got my target so booked my profit .


10. Postmortem -
This trade worked as planned.

Trade 0006 -3 STAR TRADE

1. Date 04-June-2012 

2.Market - NSE Nifty Futures Contract

3.Amount committed  - 4 Lots of Nifty Futures 

4.Why did you do the trade 

Formation of  Bullish engulfing pattern at 4800  confirmed the support formed by previous bullish engulfing pattern at same level .Target of more than 100 points confirmed risk reward 1:5 .Bullish engulfing pattern: - lowest low of two sessions   near to 4800 can be used as protective stops.

Typically correction end at 78.6% and bullish reversal of stochastic  reveal the long trades.Formation of bullish engulfing pattern in 60 min chart  and morning star in daily chart confirmed the long trade. 

Once  the gap got filled it was long from 4840 onwards (Fig).Low of the Gap wan be used as stop loss.

5.Entry price- 4840

6.Risk  - 40 points 

7.Initial Target - 4890 /4950 /5020/5120/5180 -(Daily timeframe support and resistance)

8.Exit Price  - 

Just exited 1 lot at 4890/4950/5020 level.I just used higher timeframe resistance to exit and achieve my profit objectives.

Kept the 4th Lot and exited @5180 level bcoz got good level to exit .

However JNSAR and trailing stop loss between  between 3 sma and 12 sma still favours long.

9.Analyze the trade -

I got my level  as planned to exit. I managed my risk at 4th Lot and got higher level to exit.

10. Postmortem -

JNSAR and trailing stop loss between  between 3 sma and 12 sma favours long.However I closed my last lot 5180 level.

I had intention to add LONG again if market move back in my favour.Resistance at 5180 (Bearish engulfing pattern) and gap at 5219 and 5225 were important resistance. Later these level got cleared @29-June-2012

Trade 0005 -3 STAR TRADE

1. Date 23-May-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 


4.Why did you do the trade 


Formation of  Bullish engulfing pattern at 4800  confirmed the support formed by previous bullish engulfing pattern at same level .Target of more than 100 points confirmed risk reward 1:5 .Bullish engulfing pattern: - lowest low of two sessions   near to 4800 can be used as protective stops.


Typically correction end at 78.6% and bullish reversal of stochastic  reveal the long trades.
Formation of bullish engulfing pattern in 60 min chart  and morning star in daily chart confirmed the long trade. 

5.Entry price- 4810 


6.Risk  - 20 points 


7.Initial Target - 4920 and 4950 are first two targets 


8.Exit Price  - 
Bearish engulfing pattern 5020  and Trend Line break 5010  were early  indication to exit or book some profits.


9.Analyze the trade -
I dumped the 1 lot at  4890 because of minor resistances at that level. After that , 1 was left with 1 lot  . Market gave signal of profit  booking at 5010 level (spinning tops formation) in daily chart. Trend line reversal was another signal to book profit.


Exited another lot at 4882.25 ,trailing stop loss between  between 3 sma and 12 sma.


10. Postmortem -
Made a mistake by trading with  2 lots  of nifty futures. If Risk Rewards (1:5)  is favorable always trade with 4 lots. If Risk : Reward is like 1:4 and 1:5 ,trade with 4 lots. 

Trade 0004 - 1 STAR TRADE

Thought Process that I went through while taking this trade 




1.Trade in the direction of the larger time frame momentum unless "OB" or "OS".Execute the trade on lower time frame momentum reversals.since Weekly chart was Bearish Oriented and Daily was  giving bullish view.Thought process was sell at critical resistance ,since i wanted to trade in the direction of weekly trend. Alternate approach, Buy for intra day basis for some pullback.


2. SAR 4970


3. On intra day basis , market was trading for a while at 4950


4.4950 was resistance.


5.Formation of Bearish Egulfing pattern confirm resistance.


6. 4980 /4800 was target


7.SAR and Bearish engulfing pattern help this trade.This trade qualify as 1 star trade , trade it with 1 lot only.


8.At the end of the day , i closed the trade at 4890 level. 


9.However ,next day market was trading @4800.  

Trade 0003 - 1 STAR TRADE

Thought Process that I went through while taking this trade 




1.Trade in the direction of the larger time frame momentum unless "OB" or "OS".Execute the trade on lower time frame momentum reversals.since Weekly chart was Bearish Oriented and Daily was  giving bullish view.Thought process was sell at critical resistance ,since i wanted to trade in the direction of weekly trend. Alternate approach, Buy for intra day basis for some pullback.




2. SAR above 5000




3. On intra day basis , market was trading for a while at 4800




4.PUTS -HIGHEST OPEN INTEREST  4800




5.Max price target of typical correction is 78.6%  RETRACEMENT OF PREVIOUS TREND 




6. Formation of Tweezer bottom confirm support.




8. 4890 /4950 was two target. 




9.Since nothing was in favor like SAR ,Stochastics etc. However intra day Hr SAR , Open Interest ,Tweezer bottom  pattern confirming support. These trade qualify as 1 star trade , trade it with 1 lot only.




10. At the end of the day , i closed the trade at 4900 level . When trading against the trend , dont hold intra day position overnight.

Trade 0002 - 1 STAR TRADE

Thought Process that I went through while taking this trade 


1.Trade in the direction of the larger time frame momentum unless "OB" or "OS".Execute the trade on lower time frame momentum reversals.since Weekly chart was Bearish Oriented and Daily was  giving bullish view.Thought process was sell at critical resistance ,since i wanted to trade in the direction of weekly trend. Alternate approach, Buy for intra day basis for some pullback.


2. SAR above 5200


3. On intra day basis , market was trading for a while at 5000 


4.Trendline support exists at 4980 -5000 level.


5. Formation of bullish engulfing pattern at 4980 confirmed support.


6.Finally ,Hr SAR  5035 was hit , with stoploss 5020 (intra day swing) /4980 (bullish engulfing pattern) => risk was within my risk range of 30 points.
   so , i choose 5020 as stoploss.


7. First target was 5080 level -> Fibonacci cluster 


8. Second target would be defined  if market closes above 5152 (complex correction low).


9.Since nothing was in favor like SAR ,Stochastics etc. However intra day Hr SAR , Trendline support ,Bullish engulfing pattern confirming support. These trade qualify as 1 star trade , trade it with 1 lot only.


10. At the end of the day , i closed the trade at 5100 level . When trading against the trend , dont hold intra day position overnight.

Trade 0001 -3 STAR TRADE

Thought Process that I went through while taking this trade 


1.Trade in the direction of the larger time frame momentum unless "OB" or "OS".Execute the trade on lower time frame momentum reversals.since Weekly chart was Bearish Oriented and Daily was  giving bullish view.
Thought process was sell at critical resistance ,since i wanted to trade in the direction of weekly trend.


2.SAR 5250 


3. On intra day basis , market was trading for a while above 5250 


4. 5271 and 5303  are 61.8 and 78.6 are fib pullback level


5. Formation of bearish engulfing pattern and Tweezer top at 5270 level gave us confirmation of some sort of resistance.


6.Finally , SAR 250 was hit , with stop loss above Tweezer tops (5270) => risk was within my risk range of 30 points.


7. First target was 5180 level -> bcoz of important support 


8. Second target would be defined  if market closes below 5152 (complex correction low).


9. Since almost everything went in our favor => these trade qualify as 3 star trade. I trade it with 2 lots of Nifty Future.