Trading Performance as on 12th May 2021

    My calls performance on 12th 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 5min candle high and low marked in Yellow line ( Chart )

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

·       Next candle also Red their is a possible for market go Down side

·         So I decided to give a Call in Banknifty 12th May 32900 PE (Buy above 325) 

·       Stop loss was above "S3" (Most important point in trading is always trail your Stop loss)

·        I fix my target  at 1:2 ratio

·        As per Bank nifty indices chart Stop loss not Hit but in Options hit the stop loss after 2 target Hit

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

                              Video Uploaded soon

Today trading technique:

·       "S3" Breakout pattern - 1st trade

·        1st 5 min candle Low breakout pattern - Missed trade

 

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