Trading Performance as on 11th May 2021

   My calls performance on 11th May 2021 shown in chart below

Chart Setup: 

·       I use only Bank nifty indices (Spot) chart i never use the bank nifty options chart (or) bank nifty Futures chart

 ·       I use only 5 min time frame i never use other time frame like 3 min, 1 min or Higher time frame 15 min & 30 min

·       To mark the 1st 5 min candle high and low 

All above 3 points are set after that only i planned for trading 

Indicator : 

·       I use the Camarilla Pivot point indicator "R3" & "S3"  (Only the Resistance 3 & Support 3) 

Chart : 

Reason for my Entry: (1st Trade)

·       Today's 1st 5 min candle is Green opened and closed Below "S3"

·       Today's 1st 5min candle high and low marked in Yellow line ( Chart )

·       Today at 09.20 AM green candle break the 1st 5 min candle high and close above the 1st 5 min candle high

·       Next candle also green their is a possible for market go UP side

·         So I decided to give a Call in Banknifty 12th May 32700 CE (Buy above 350) 

·       Stop loss was below 1st 5 min candle High (Most important point in trading is always trail your Stop loss)

·        I fix my target  as Camarilla pivot point "S3"

·        As per Bank nifty indices chart Stop loss not Hit but in Options hit the stop loss

YouTube Video: (Click here to watch the video in YouTube)

                              Video Uploaded soon

Reason for my Entry: (2nd Trade)

·       Today  at 11.40 AM  in 5 min chart candles are rejected from "S3" and next candle also red "S3" rejection pattern

·       So their is a possible for market go Down side up to next support (1st 5 min candle high)

·         So I decided to give a Call in Banknifty 12th May 33200 PE (Buy above 350) 

·       I fix my Stop loss in 1:2 Ratio (Most important point in trading is always trail your Stop loss)

              ·        I fix my target  at "1st 5 min candle High"

Today trading technique:

·        1st 5 min candle High breakout pattern - 1st trade

·       "R3" rejection pattern - 2nd trade

 

Check the below screenshot of my calls posted today in my APP (Click here to download the app)