There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Tuesday, October 16, 2012

16102012



Nifty gaped up above PDH. Bias was bullish. BOF of PDH/IR low gave a long signal.TP at IR High/HOD. Rejection on TST of HOD gave a short signal which moved very well. It went down breaking  PDH, PDC, BRN. When it started channeling near PDL, I exited and missed the final 30 point move.It was just a flag.

11 comments:

  1. Hello SmartTrader,

    Your blogs and system are very interesting. I came to know about the blog from VFMDirect but only recently did I find time to read it thoroughly.
    So much so I have read most of your blog begining Jan and I am now a fan, I visit your blog regularly. It has a very clean format and your insights are very thought provoking.

    I started as a buy and hold trader and moved on to futures and options where I lost heavily (only good part being I could afford it).
    Some of your blogs (such as slippery slope and changing/chasing trading strategies) reminded me of the many mistakes I made/make.
    I have a day job so cannot do any intra-day trades, though time permitting I try to do mock trades and compare with your daily analysis of your trade.

    Do you recommend/suggest any system for trading derivatives with a time-frame of a few days?

    Regards and Best Wishes,
    Mr. Pai

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  2. Based on your system I too got the BOF buy (first) and closed/stopped out on the failure to close above IRH. I wonder how you decided to short at IRH, I waited for the next DP at PDH to crack before shorting and TP a bit to early.

    All above are mock trades in realtime. I have lost enough money for this calendar year that I decided I will only be using trading mock till I build the necessary discipline.

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  3. Sir,

    Can u plot the ATP on your charts in Trade Tiger?

    Sam

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  4. Hello sir.. thanxs alot for sharing ur insight n wisdom.. can u pls reiterate at what time do we draw IR(low n high) channel.. at fix time eg. 9.30/9.45 or any other parameter.. thanxs again..

    ReplyDelete
  5. Dear Mr. Pai

    Thanks for the visit and comment.
    I am totally focused on NF 3M charts.So cant help you in swing trading.Sorry.If you have not read Pradeep Bonde's blog , read
    http://www.stockbee.blogspot.in/

    If you are long and price fails to move above a DP book your profit and reverse.It will come with experience. Stay in the game.

    ST

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  6. Sam

    I do not use trade tiger.
    I can watch the current ATP on NOW terminal

    ST

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  7. Anonymous

    I have written a detailed post on IR
    It is listed under important posts/Structure and patterns

    ST

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  8. Hello SmartTrader,

    Thank you for your suggestions. Keep up the good work and blogging. Tremendously useful for learning.

    ReplyDelete
  9. If you are long and price fails to move above a DP book your profit and reverse.It will come with experience. .......

    thanx

    ReplyDelete
  10. ratnakar

    Don't confuse yourself. This is not a SAR ( Stop and reverse Method). Need to take appropriate decision depending upon the price action.

    ST

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  11. http://www.stockbee.blogspot.in/


    than x for this also..

    ReplyDelete

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