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

Tuesday, December 3, 2013

03122013


Nifty opened within previous day range. It was trading around BRN 6200 of NS. Noticed two opportunities. Long above the morning MC and a short on BOF of Absorption level. Did not take them. Choppy day.
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6 comments:

  1. UnknownDecember 3, 2013 at 3:53 PM

    Hi ST,

    Traded Bank Nifty today.
    Went long as BRN 11300 didn't give way. TP at PDC. Shorted again at PDC as noticed a BOF. Again covered at BRN 11300.

    Amazed to see how market follows its own levels.

    Thanks,
    VD

    ReplyDelete
  2. AnonymousDecember 3, 2013 at 4:25 PM

    Sir today I made two profitable trades BPB at 11.23 bar for 10 points and risked that 10 point on pin bar at 14.02 candle only to make 10 more points. Thanks for your support.

    One more request, can you just list out the your priority setups in order so that it will help us to learn more.

    Regards
    Raghu

    ReplyDelete
  3. SMART TraderDecember 3, 2013 at 4:52 PM

    @TBS
    I do not follow Bank Nifty regularly
    Happy to know the levels are working.

    ST

    ReplyDelete
  4. SMART TraderDecember 3, 2013 at 4:56 PM

    Raghu

    BOF is always the best opportunity because of the order flow from trapped traders. then BPB,TST and FTC. Direct breakouts fail many times.
    Do not forget the Location and SCORE

    ST

    ReplyDelete
  5. SandeepDecember 3, 2013 at 10:32 PM

    Adam H Grimes course is not accessible for the last one week. Just wondering weather everyone is getting the message " service temporarily not available"

    Thank you

    Sandeep

    ReplyDelete
  6. SMART TraderDecember 4, 2013 at 8:11 AM

    Sandeep

    He may need to upgrade the site.
    The current one don't have enough band width, I think.

    ST

    ReplyDelete

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