On Full Throttle

This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.

Nifty is on full throttle, no reaction legs. May hit the wall before dropping dead. which upper parallel ? time will tell.
To every action there is equal and opposite reaction. May formulate a trade plan downside based on this principle. But till it is long, it is long.

DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.

Comment:

first hit to wall

Comment:

Comment:

confluence

Comment:

if breaks blue upper parallel, go for magenta line

Comment:

Too many slips between cup and the lips

Comment:

systematic selling start

Comment:

slope of prices

Comment:

Any trend that covers a lot of points in very few bars, meaning that there is some combination of large bars and bars that overlap each other only minimally, will eventually have a pullback. These trends have such strong momentum that the odds favor resumption of the trend after the pullback and then a test of the trend’s extreme. Usually the extreme will be exceeded, as long as the pullback does not turn into a new trend in the opposite direction and extend beyond the start of the original trend. In general, the odds that a pullback will get back to the prior trend’s extreme fall substantially if the pullback retraces 75 percent or more.

Comment:

Looks like a pullback..!!

Comment:

Comment:

Next move till 17200

Comment:

Comment:

17900 coming H&S

Comment:

Comment:

Comment:

kennedy channel..ABC correction coming...

Comment:

Comment:

Price returned without touching median line, any Breakout above hidden parallel is a long till selling zone.

Comment:

Comment:

Comment:

Comment:

Comment:

Another treadmill

Comment:

Comment:

Looking long from here because action leg is still larger then reaction leg. short only below white line

Comment:

A closer look... Grind is on

Comment:

Comment:

Comment:

Breakdown of Hagopian line. May go to test it, long till magenta line

Comment:

Long till Hagopian line

Comment:

double bottom ?

Comment:

IF todays morning move was upthrust and evening converts into spring, may see the market at Hagopian line in next couple of sessions.

Comment:

First reaction level taken out, next is target for tomorrow

Comment:

The devil is in the details
Touch of Hagopian line....done

Comment:

Treadmill on monthly scale. Runner is losing steam.

Comment:

on weekly it is retest of breakout level.

Comment:

On daily, need a confirmation candle inside channel for slope of price in channel

Comment:

Looks long in lower time frame

Comment:

Going back to old channel, lower lows are losing strength, base are lifted.

Comment:

Market is back to green channel.

Comment:

Strong Rejection, may go to 16800 level

Comment:

Gone short again in last 75 minutes. stop loss level marked.

Comment:

Short below thick blue line

Comment:

No upward inclined support/reaction line below blue thick line, if broken down, may touch 16800 after taking reaction on downward inclined green support/reaction line

Comment:

16800 if red line is broken down

Comment:

long till it is in green channel, once broken measured move of flag and pole is in order.

Comment:

Flag and pole is out of question. it is new green channel now

Comment:

Just remember upthrusts are brutal, i.e. if this breakout fails, fall will be rapid.

Comment:

Comment:

no stoping till17990

Comment:

short opportunity at 17740

Comment:

Trade closed

Comment:

Green or Yellow?

Comment:

Yellow=false; initiating long with stop loss below green channel

Comment:

Comment:

On daily, up to magenta line

Comment:

Comment:

Measured move up to 18134

Comment:

Long above cyan horizontal line; it is going to be new bull run, stop loss below magenta line

Comment:

Long above rust line, future swing movement between magenta and yellow

Comment:

on 75 min chart

Comment:

bulls loosing steam, use of reverse trend line, market may go sideways or short for some time.

Comment:

Target done for reverse trend line

Comment:

short till lower parallel in green

Comment:

Comment:

Comment:

Comment:

Comment:

Comment:

rules are same

Comment:

Comment:

Base has shifted upward;

Comment:

It is long from here

Comment:

Comment:

Make or Break

Comment:

Probable path

Comment: