There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, November 14, 2013
14112013
Nifty opened below PDH and spiked. Expected a channel move. Long above IRH. Scratched the trade. Went short when price broke below IRH. I was expecting a move till DO/PDH. Covered on BOF of BRN. No other trades today
Why did you not take the trade for BOF of BRN (where you covered your short)? My logic was that the trend was up for the day, and Nifty had bounced from BRN in the first half, but it did not work and got stopped out. Your thoughts?
Normally, I may skip that long. There was a BOF a green pin bar. But no follow up buying. Then a BPB signal came.But it was not a tradeable one due to PDH and DO. This BO also failed. But it took half an hour to break above a very minor pivot. It shows lack of commitment. Not much space. IRH may act as a flip. Further cant expect a lot of SL orders. Most of the shorts were created during the down move from IRH to BRN. They are not going to keep their stops above this negligible pivot.
Hi, Today i took both of these trades, but added one more , which ended up taking my SL.
I have also started writing daily after your suggestion. It has been more than a month (from Oct-13) & I have felt that It gives more confidence writing & looking at the trades.
Thanks to you..
Although, I also use Bollinger Band with BOF, BPB as my strategy, you can plz give your feedback after checking my charts at
i plan to leave my job and take the daytrading as career, it is possible ?? i want your suggestion.. pls mail me sir or give one miss call sir (i am waiting) venkatesh 9884740822 chennai
Sir, I trade on ur method for last couple of month..i trade on yes bk,r cap, indusbk..Can u plz clarify how i gauge their MSP,BRN correctly..plz guide .thank u.
Dear ST,
ReplyDeletehow do you measure IRH ? I mean what is the method to identify this range ?
XRtrader1
ReplyDeleteRead
http://niftynirvana.blogspot.in/2012/07/initial-range.html
ST
Thanks ST, becoming fan of yours. Everyday I wait for your post :).
ReplyDeleteST one more question. Why you didn't traded BOF (BRN).
ReplyDeleteI understand you covered shorts .
Suppose you where flat would you have traded BOF of BRN ?
Hi ST,
ReplyDeleteWhy did you not take the trade for BOF of BRN (where you covered your short)? My logic was that the trend was up for the day, and Nifty had bounced from BRN in the first half, but it did not work and got stopped out. Your thoughts?
Xrtrader1
ReplyDeleteAnon.
Normally, I may skip that long.
There was a BOF a green pin bar. But no follow up buying. Then a BPB signal came.But it was not a tradeable one due to PDH and DO. This BO also failed. But it took half an hour to break above a very minor pivot. It shows lack of commitment.
Not much space. IRH may act as a flip. Further cant expect a lot of SL orders. Most of the shorts were created during the down move from IRH to BRN. They are not going to keep their stops above this negligible pivot.
ST
Hi,
ReplyDeleteToday i took both of these trades, but added one more , which ended up taking my SL.
I have also started writing daily after your suggestion. It has been more than a month (from Oct-13) & I have felt that It gives more confidence writing & looking at the trades.
Thanks to you..
Although, I also use Bollinger Band with BOF, BPB as my strategy, you can plz give your feedback after checking my charts at
http://www.tradewithdeven.blogspot.in/
Deven
ReplyDeleteNice Blog.
Do not stop writing. Don,t worry about the readership and visitors.If you are providing something valuable. People will come
ST
Congrats ST!
ReplyDeleteSo many people are now using your method and a few have started their own blogs to log their trades - xtrader and Deven. I wish them all the best.
Regards,
ss
hi sir,
ReplyDeletepls mail to my id:
guruvenkatesh2007@gmail.com,
i plan to leave my job and take the daytrading as career, it is possible ??
i want your suggestion..
pls mail me sir or give one miss call sir (i am waiting)
venkatesh
9884740822
chennai
venkatesh
ReplyDeletemailto niftynirvana at g mail
ST
Sir,
ReplyDeleteI trade on ur method for last couple of month..i trade on yes bk,r cap, indusbk..Can u plz clarify how i gauge their MSP,BRN correctly..plz guide .thank u.
sentu
ReplyDeleteMSP is the high/low of the last impulse wave in the direction of trend
Look for option strike prices for BRN
ST
thank u sir.do it applicable for all circumstance..?
ReplyDeletesentu
ReplyDeleteI traded the method only on NF
So I am not sure
ST