Saturday, January 11, 2014

My trade Journal

I trade only Nifty Options.

After accepting the lag the principles applied to know the direction:

1. Alignment of JNSAR and J10SAR
- If J10SAR is lower than JNSAR, then market is heading south
- If J10SAR is higher than JNSAR, then market is heading north

2. Look for Reversal Patterns
- Evening star; Morning star
- Hammer; Gravestone Doji; Hanging man
- Engulfing pattern
- Hook reversal - inside body.
- Dark Cloud Cover, Piercing pattern
- Crows and mounts
- Sanku - Three gaps
- Kicker Patterns
- Double bottom and double tops

3. EMA CROSS and REFLEX  POINT  for entry and exit

4. Hour MACD and histogram trigger and also divergence

5. Day MACD & Histogram bend and/or trigger and divergence

6. Divergence from oversold and over bought position in STS and RSI

7. VIX

8. ORB

9. Serial EMA’s

10.OI in Option Table

11. FII activity.

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