Monday, September 11, 2017

Good day - Day Trading - NIFTY, CRUDEOIL

Good day. Today, I stuck to my pre-defined rules.

I deviate from my pre-defined rules when (i) there occurs a scenario that I had not thought about, and so I do not have a pre-defined rule to deal with it OR (ii) the system performs well below my expectation for a sustained duration. Today, neither scenario occurred.


NIFTY M3 Price Action Chart
NIFTY M3 Price Action Chart

After the first debacle, the next trade gave some profit. I had decided on VEDL as the alternative scrip to trade, in case NIFTY stagnated. But today, NIFTY moved better than VEDL, I think.


CRUDEOIL M5 Price Action Chart
CRUDEOIL M5 Price Action Chart
Same show, almost every day... Catch a move and try to stay with it. Rinse and repeat. Show timings: 5 PM to 8 PM IST

Today's show has closed already... Not taking entries after 8 PM.

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