Manoj's Trading Diary

[manojborle]

Reason is explained on chart with my comments

 

[amitrandive]

Please kindle explain reason for entry at 7951?

Manoj mostly trades with Al Brooks trading setups(if I am assuming right ).
This is a three push down pattern setup of Al brooks .

 

[narangji]

Manoj mostly trades with Al Brooks trading setups(if I am assuming right ).
This is a three push down pattern setup of Al brooks .

Thank you Amit once again, Since I am new have no idea about this pattern. Will read more about this in free time, I also Trade NF Manoj but I am at the starting/learning phase of Trading. I could not trade the last hour in Nifty today as my system has no way to identify this, it misses most vertical move apart from the ones we try to catch with AP that too on HTF. Hence my reason of Interest.You did mark in your chart but I was not clear if a three push down pattern was the reason you did bottom hunting. I was short on NF today and last hour just whipped all profits and hit SL.


Thanx anyway.

 

[manojborle]

Thank you Amit once again, Since I am new have no idea about this pattern. Will read more about this in free time, I also Trade NF Manoj but I am at the starting/learning phase of Trading. I could not trade the last hour in Nifty today as my system has no way to identify this, it misses most vertical move apart from the ones we try to catch with AP that too on HTF. Hence my reason of Interest.You did mark in your chart but I was not clear if a three push down pattern was the reason you did bottom hunting. I was short on NF today and last hour just whipped all profits and hit SL.
Thanx anyway.

Hi Narangji
First of all I did not do any bottom hunting.
Check youtube for video of Mr. U R Dave on one pattern "Consolidation above or below Decision Point".
Today for almost 4 hours from Open price was consolidating in the range of 7990 to 7970 which was below decision points( Today Open 7988 and Yesterday Close 8009.2).
As per Mr. URD, you have to enter on breakout from the range and see whether it breaks Decision Points.
However I entered early because of 3 push down pattern, failure @ Round Number, ADX divergence and what not.
My initial target was just 7974 which was ATP at the time of my entry, however price went past ATP and broke the range very fast so I stayed in trade and kept on trailing. My last target was Yesterday High which was the decision point, price did almost reach it by close however I could not stay in the trade till end.

 

[narangji]

Hi Narangji
First of all I did not do any bottom hunting.
Check youtube for video of Mr. U R Dave on one pattern "Consolidation above or below Decision Point".
Today for almost 4 hours from Open price was consolidating in the range of 7990 to 7970 which was below decision points( Today Open 7988 and Yesterday Close 8009.2).
As per Mr. URD, you have to enter on breakout from the range and see whether it breaks Decision Points.
However I entered early because of 3 push down pattern, failure @ Round Number, ADX divergence and what not.
My initial target was just 7974 which was ATP at the time of my entry, however price went past ATP and broke the range very fast so I stayed in trade and kept on trailing. My last target was Yesterday High which was the decision point, price did almost reach it by close however I could not stay in the trade till end.

Ha ha Sir Ji I know you did not do bottom hunting, this kind of trade in my personal books is termed as bottom hunting, I just wanted to learn as we discussed this its more clear, last night I read a chapter on 3 Push pattern, things got a little more clear but mostly I had no idea what are all those things mentioned. For me trading is more like "kala Akshar bhans Barabar" Where I am the Bull .

 

[narangji]

Forgot to add : I hope to keep learning from your thread. Saved it. Thanx and please keep posting.

 

[amitrandive]

Hi Narangji
First of all I did not do any bottom hunting.
Check youtube for video of Mr. U R Dave on one pattern "Consolidation above or below Decision Point".
Today for almost 4 hours from Open price was consolidating in the range of 7990 to 7970 which was below decision points( Today Open 7988 and Yesterday Close 8009.2).
As per Mr. URD, you have to enter on breakout from the range and see whether it breaks Decision Points.
However I entered early because of 3 push down pattern, failure @ Round Number, ADX divergence and what not.
My initial target was just 7974 which was ATP at the time of my entry, however price went past ATP and broke the range very fast so I stayed in trade and kept on trailing. My last target was Yesterday High which was the decision point, price did almost reach it by close however I could not stay in the trade till end.

https://www.youtube.com/watch?v=IYicf7NQGPU&feature=youtu.be

 

[narangji]

Hi Manoj and Amit

Manoj : I need your permission to post one of my charts here, its the same chart that I traded yesterday and booked loss. I saw that video and would like to clarify with Amit ji.

I hope its ok with you to steal your thread for my learning purposes ( as this is related to your trades and videos)

 

[manojborle]

Hi Manoj and Amit

Manoj : I need your permission to post one of my charts here, its the same chart that I traded yesterday and booked loss. I saw that video and would like to clarify with Amit ji.

I hope its ok with you to steal your thread for my learning purposes ( as this is related to your trades and videos)

Go ahead no issues.

 

[narangji]

Hi Amit Ji

Please look at my trade yesterday, I did exactly what was shown in video.
Please advice what went wrong or mistakes