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devdas

For today, fair chances of a down day closing down towards vwap.

Just got opposite move.

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Resistance getting stronger.

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Though it can be thought of yet another limited day developing, but in volatile times there is no rule other than "move".

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It need to clear pile of activities above. Whether success or failure but developing in limited space to eat me some of premiums.

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A bit of more stretch and it will reach in 8270-80 territory.

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Development so far,

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Right now i am manually marking these accumulative activity numbers, but if it make sense then its would be better to code
a Accumulative Activity Profile, which will plot only Accumulative Activities not like all volumes profiles.

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A first hand comparison of Accumulative Activity Bars and Non-Accumulative Activity Bars chart.

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Some visual markings of Activity accumulation prices.

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Update

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Accumulation numbers appearing on top are from live prices and in bottom are from historic prices.
Activity Counter indicator is printing all three visual - Accumulation Numbers ( top and bottom ) , Activity % of bar and
Accumulation Profile. As this is not using Gom Framework so top numbers erase on refresh or in historic loading.
For time being its printed in both way, though 99.9% they will be same.

Accumulation Number has another sense , which can be thought of "Number of Attempts" the current bar has tried
to go against the immediate prevailing trend. Hence they acquire attributes of "Success" or "Failure".
Have marked this on some bars in this snap.

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8261 seems developing as key level with POC like length.

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Type of bars , i am looking for scalps/entry.

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This one alone complete the day.

Passed first bar, out of clear trend.
Second was forming with the trend and with creek cross.
Risk was as low as 13-14 points. Entered and exited easily.

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Second one, quick erosion of MFE

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Restricting myself on Counter Trend Strength. Look at bottom bar with Accumulation number of 3, signs of buying.

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Stopped out in bottom short trade generated by short bar marked.
Didnt filled in Long bar marked , that was really fast and didnt retrace much to get in.
Final Long (guided by larger time frame accumulation bar) was good as expected, i am out but its still scaling high.

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Nice trade Dev

Good range today. Did you able to get the last swing down to 8240-35??

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Bharatiya

Nice trade Dev

Good range today. Did you able to get the last swing down to 8240-35??

Didnt traded after 5th trade, gone out for work.
Though it produce some regular and some larger risk-reward signal bars in downswing to 8240.
Have marked them in rectangle and by arrows, in smaller frame Activity chart.
Cant say how i would have handled them in real time.

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Hi dev

What is this acrivity bar calculation??

Can it be replicated in amibroker.

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Bharatiya

Hi dev

What is this acrivity bar calculation??

Can it be replicated in amibroker.

Possible only if Amibroker support and its datafeed provide tick data.

Situation so far, didnt traded any thing as regular positions are due in real account, being last day of expiry.

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Had a short trade, but it was not showing the signs of working out good so scratched with small loss.

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Traded a test towards day low.

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First very short didnt worked, right from entering that, i smelled it wont work and i am riding the wave
that will take me to "South" ....

, but still took chance. Entered long and before i could modify
exit prices second time , it make me out from trade.

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Thursday session (Friday - holiday) was mix, short at bottom wiped out major gain of the day.

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It was huge MA bulge, but no guarantee of success, ideally i could wait to test that small demand,
but do not wanted to loose a penny, scared from first short.

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My friend,

This is MIRZ, which i shewed you in weekend, i knew this prices are from May Series but if you see from Value it wont make any difference. Watch out if MIRZ failure today.

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Part of game, but i am happy i could understand that.....

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Running out of time, mix of good(long) and bad(short) trade.
No more trade today from here.

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Ran a portion of Market Replay , to have a feel of how it look like on ES.

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Got trapped multiple times in reading and acting accordingly on some information related to bars,
sometime i was late some time early and what happened is result.
Though theme of day to me was very clear - 1) Attempt to test previous high and 2) Reverse after that.
My actual trades were also in this accordance, but on sim i had tried to decipher information as said.
Will see next day what i was trying to do.

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A fast and lengthy ES session. Activity-56000 chart looks like smaller frame when compared to yday and compared to Activity-98000 chart.

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Listen the sound of devil....its coming out of your dream and becoming reality.

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Normal Development after big range.

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@deadlyvenom

Did you saw the power of MIRZ today right from opening ?
We can trade premise with no chart even

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Devising a simple way to translate the add/exit/entrypartialexit levels on daily trades.
Below is very old chart template from @PandaWarrior, basic concept is very simple visible from chart.
8226 currently stands as exit/partialexit level from the Short shown from arrow on daily time frame.
Working on something to autoplot the levels, once done can be easily applied to lower timeframes also.

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Added labels, almost completed the code.

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Previously i was confused in anchoring the indicator, but now it seems better as standalone session indicator. Can serve also as Opening Range Breakout type.

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Floating,

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End Of Day pic,

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Damn fast short,

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Big Selloff.

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Game of Fools,
Who sold yday, where are they, who is buying today....

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P20000000A2 is fast frame, similar to 3 minute. But spotting some major change early and internal s/r levels it acts good. Will see if P30000000A2 or P40000000A2 could replace both P2 and P5 chart.

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Hi Devdas, what does the indicator show, couldn't find an explanation other than an ex Panda Warrior indi

Best

Harry

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Euphoric runs.

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harry737

Hi Devadas, what does the indicator show, couldn't find an explanation other than an ex Panda Warrior indi

Best

Harry

Have not given any names so far , to test idea i modded anaBollingerUniversal by @Fat Tails cause most things were already present in that. After some modifications i will separate out the code as new indi.
This serve as an upper and lower breakout lines. Basically i wanted a better way of translating positions, having added benefit of Add/PartialExits. So far its ok as per visuals.

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Looks Good

Devdas

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Had traded this MIRZ in morning , got some data issue and had to shut early.
Keep an eye on MIRZ failure too, that will be decent opportunity to recreate short.

Break of recent swing low 8280( not visible on chart ) is now important.

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Reworked completely,
I will keep these settings for positional trades.

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Today's close and next day open is deciding factor if breakout lines will advance upside or this too turned a false breakout.

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This symmetry may not be achieved 3rd time, either it will burst towards 8500 from here or if it tried to match symmetry, then might fail to recover.

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This is how the symmetry broken and could not repeat 3rd time.

Activity and EOD chart

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A typical MIRZ movement right from open, had significance from lower demand zone bounce back also.
Upper zone is important now. Yday power bear attempt is seen as "Early Bears" which caught in.

On daily Breakout Lines have shifted upward. Immediate and partial buy on pullback towards lower breakout line ( 8221 )
gives better risk-reward.

Taking a break from day trading for one month summer vacation. Will be posting views on daily timeframe if time permits.

Happy Trading.

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devdas

A typical MIRZ movement right from open, had significance from lower demand zone bounce back also.
Upper zone is important now. Yday power bear attempt is seen as "Early Bears" which caught in.

On daily Breakout Lines have shifted upward. Immediate and partial buy on pullback towards lower breakout line ( 8221 )
gives better risk-reward.

Taking a break from day trading for one month summer vacation. Will be posting views on daily timeframe if time permits.

Happy Trading.

Thanks for the updates and have a good vacation, where are you going?

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harry737

Thanks for the updates and have a good vacation, where are you going?

Can't go outside, office has bonded me again.
Just a relief break only.

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Nearest MIRZ zone, which need to clear by bulls to come back.
so far this move will be termed as "Early Bulls".

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Not a smooth path,

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A better bearish signal,

Breakout Lines shift downward. Upside line stands near 8360 approx.

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In process of generating new lower MIRZ level, so far 8280 zone is where bear will face trouble.

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Unless bull clear this lower MIRZ zone, a pause can not be expected in downtrend.

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Week End status.

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Last week started USDINR again,

Constructed a dedicated momentum template for this.

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Activity chart with momentum template on NF,

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Change of guard.
Call of duty.

Right from opening.
Can you imagine MIRZ.

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Regulars, thrusting for pullback.

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New shift to the downside.

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Completed yet another easy MIRZ day in USDINR

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A lower MIRZ level is visible, but i think its better to stick near 8100, unless bull clear that, nothing is going to change.
There is divergence alos on chart , but i stick to burst-trend and breakout under MIRZ influence.

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MIRZ were best treated with a gap opening, in that sense price reserve energy for further push through.
Large bar is similar to that in some degree. Entries were clear cut but needed fast action luckily could enter near 8065 and added next 8080. I do not wanted this to hold much and fight in clearing the 8100 convincingly rather let price itself show if they want it to do.
On USDINR , i could not do anything , partly due to it was unknown nature of movement and partly due to NF hogs my time.

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This completed my day in NF, with one short trade.

Many things act together to form it, near breakout line on daily tf was one factor which i used it as "be first" to enter.
Another thing used was , it might be in large rotation between 8150 to 8100 which was breakout level and sluggish opening boosted that short. Overall very confident short even being reversal/retrace.

On USDINR, i am not very confident as already said its new thing again. Currently taken a short near 63.9700 thinking of continuation. This might not turn a very good idea, but i think to learn by loosing and rebounding.

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Ok, this is interesting development. It is less likely that this will turn "Late Bear". They drove price so easily successfully below 8100 and then 8060. Even if we assume 1% chance of recovering then i would stop short on breakout lines on daily chart which is 8165. Strategy on intraday basis is clearly hunt for short opportunities till then.

On USDINR, it was certainly turned bad trade, on pure technical basis MACD divergence too was against me. I lost 2% on this trade.

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Week End status.

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First resistance - multiday vwap - exited all.

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Did they read what i wrote

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Not a very good idea.

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Movement after big bull bar is a rare occurrence in NF, so its like a blind trade , dont remember from old history how it behave in this situation.

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Its time to close day. Lowered the stop on short and it hit. Reversed for long, stop hit. I stuck in blind location. Reserving what earned.

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To get away from mean reversion, i see it doing only in fast slip from here, but its not showing like that.

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Yet not getting a hang of USDINR, did a morning short, gone in 12 tick profit but it came back and i took loss of 7 ticks.

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Breakout Lines Upshift.

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Update,

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Week End Update.
Native view from chart is clearly bullish. Trouble for bulls is persistence trading below lower MIRZ zone.

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Weekly Ichimoku setup is in retracement mode. Chikou Span ( dotted violet ) which may come "free" from congestion below nearest level 8244 and then 8096 if downside move turned out. In this scenario it become the case of deep retracement upto 75xx level near confluence zone of MA and Cloud lower.

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Renewed Volatility ?

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EOD update,

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I am thinking ( not yet decided ) to start a separate journal for participation in July Journal Contest.

Participation and price are not the only criteria, rather some issues which i am facing , i think to give it a try through this event.

This current journal improved my approach towards day to day trading and make me more confident.

Big issue since some months is that i came to conclusion that "Every thing works" for me and i am little lost in entry techniques selection.

Basically i can resolve it in the current journal also but think to be new , fresh start.

Yet undecided.

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