Trading Performance as on 21st Sep 2021

    My calls performance on 21st 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 High and Camarilla "R3" also in same level

·       At 09.55 AM one red candle break the 1st 5 min candle low and next candle also red

·       So it's 1st 5 min candle low breakout pattern

·         So I decided to give a Call in Banknifty 23rd Sep 36800 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 Camarilla "S3"

·        And all target hit and made a high of 499

Reason for my Entry: (2nd Trade)

·       At 10.05 AM red candle break the camarilla "S3" and next candle also Red

·       So here camarilla "S3" breakout pattern happen perfectly

·         So I decided to give a Call in Banknifty 23rd Sep 36400 PE (Buy above 250) 

·       Stop loss was above "Camarilla "S3" (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 36800 and my stop loss point is 36970 so my stop point is 170 (36800-36970 = 170 points) so my target is 340 (170*2= 340 points from my entry 36800-340 = 36460) 

·         Today market overall low is 36528 due to this reason our option hit only 2 Targets (High:293)

Missed Entries: 

·       Camarilla pivot point "S3" Upside breakout happen at 01.10 PM & 02.00 PM and exactly reach the target of 1st 5 min candle Low

·       At 02.45 PM 1st 5 min candle Low was broken and next candle also green its 1st 5 min candle Low breakout pattern & the target is 1st 5min candle High 

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

                              Video Uploaded soon

Today trading technique:

·       1st 5 min candle low breakout pattern 

·       Camarilla "S3" breakout pattern

·       Missed trade also same pattern but breakout happen at Upside

 

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