Trading Performance as on 07th Sep 2021

      My calls performance on 07th Sep 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 Low and Camarilla "S3" also in same level

·       2nd 5min candle break & close below the "S3" & 1st 5min candle low

·       03rd candle also red so it's Camarilla "S3" & 1st 5 min candle low breakout pattern

·         So I decided to give a Call in Banknifty 09th Sep 36400 PE (Buy above 250) 

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

·         And i decided my Target as 1:2 ratio

·         Reason for 1:2 ratio is all our support level are broken so their is a no support as per our technique so best trading return is minimum 1:2 ratio (that means my profit is Rs.2 than my stop loss is Rs.1)

·         Here my entry point is 36417 and my stop loss point is 36504 so my stop point is 87 (36504-36417 = 87 points) so my target is 174 (87*2= 174 points from my entry 36417-174 = 36243) 

·         Today market overall low is 36156

·        Today my stop loss was not hit in index chart as my OTT pattern but in options after stop loss all target hit

Reason for my Entry: (2nd Trade)

·       In index chart Stop loss was not hit and pure down trend so due to re-enter i gave a fresh PE call in 2nd time

·       It hits a 2 targets without hitting stop loss 

Missed Entries: 

·       Camarilla pivot point "S3" breakout happen at 12.20 PM and exactly reach the target of camarilla "R3"

·       At 02.00 PM 1st 5 min candle high was broken and next candle also red its 1st 5 min candle high rejection pattern & the target is camarilla "S3" and its hit

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

                              Video Uploaded soon

Today trading technique:

·       "S3" & 1st 5 min candle low breakout pattern

·        1st 5 min candle high rejection pattern - Missed trade 

 

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