There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, December 5, 2013
05122013
Nifty Gaped up above PDH. Failed to continue above IRH. Short when third attempt to go above 6320 failed. I was expecting a bounce from BRN. But it went further down. TP around 6280.
I tried trading using some of the Nifty Nirvana concepts today. Trades updated at this link. http://www.traderji.com/trading-diary/90116-dasara-system-42.html#post908460
I went through the important posts again, as suggested by you.I also analysed how you traded, using your 3 set ups, for a number of days.
While I can comprehend BOF and BPB, I find myself lacking in discretion, when it comes to trading FTC. This comment may sound repetitive(same like yesterday), but I must confess that I need some more inputs regarding FTC to improve my discretion. Please consider posting a detailed write up exclusively on FTC, when time permits. It will be definitely useful for novices like me.
FTC is a stall after a vertical move. It is the failure of price to continue beyond a certain point. It could be BOF or TST. I will make a separate post soon
It is difficult for me to follow the stock futures as I have not watched it for the last 5 years. I cant say whether the method will work or not on them I feel the concept of FTC is not understood well.Focus on BOF and BPB in the beginning
I am using the structure as a rough guide - may not be able to follow it exactly. Today, I was bit eager to call points as FTC and BO, even before those happened.
Hi ST,
ReplyDeleteCould spot the same pattern and trade it.
My confusion is between FTC and BOF. How to differentiate ?
TBP
Sir good evening , sir kindly update the inference of 6320 thnx
ReplyDeleteI tried trading using some of the Nifty Nirvana concepts today. Trades updated at this link.
ReplyDeletehttp://www.traderji.com/trading-diary/90116-dasara-system-42.html#post908460
Sir,
ReplyDeleteI went through the important posts again, as suggested by you.I also analysed how you traded, using your 3 set ups, for a number of days.
While I can comprehend BOF and BPB, I find myself lacking in discretion, when it comes to trading FTC. This comment may sound repetitive(same like yesterday), but I must confess that I need some more inputs regarding FTC to improve my discretion. Please consider posting a detailed write up exclusively on FTC, when time permits. It will be definitely useful for novices like me.
Thanks, S.Karthikeyan
TBP
ReplyDeleteFTC is a stall after a vertical move. It is the failure of price to continue beyond a certain point. It could be BOF or TST. I will make a separate post soon
ST
Amber
ReplyDeleteNothing special about the level. It was absorption. There were sellers above 6320.Price attempted thrice to break the level but failed. It is an FTC
ST
KS
ReplyDeleteI will do it soon.
FTC s are low probability trades. Focus on BOF and BPB .
ST
Augu Bhai
ReplyDeleteIt is difficult for me to follow the stock futures as I have not watched it for the last 5 years. I cant say whether the method will work or not on them
I feel the concept of FTC is not understood well.Focus on BOF and BPB in the beginning
ST
Sir any price level where there is absorption and price unable to move above that level can be taken as FTC,sir kindly update thnx
ReplyDeleteSir, Thanks for the reply.
ReplyDeleteKarthikeyan
amber
ReplyDeleteUsually FTC is considered after a vertical move or spike. Today it was not the previous swing high but a lower level
ST
KS
ReplyDeletePost only once.
Comments will appear only after moderation.
ST
Thanks for checking the charts.
ReplyDeleteI am using the structure as a rough guide - may not be able to follow it exactly. Today, I was bit eager to call points as FTC and BO, even before those happened.
Sir thnx very much
ReplyDeleteDoes FTC level (5320) act as a DP following day?
ReplyDeleteRajesh
ReplyDeleteIt can be a prominent level
But we do not consider it as a DP
ST