Hi ST,Could 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
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
Sir,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.Thanks, S.Karthikeyan
TBPFTC 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 soonST
AmberNothing special about the level. It was absorption. There were sellers above 6320.Price attempted thrice to break the level but failed. It is an FTCST
KSI will do it soon. FTC s are low probability trades. Focus on BOF and BPB . ST
Augu BhaiIt 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 themI feel the concept of FTC is not understood well.Focus on BOF and BPB in the beginningST
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
Sir, Thanks for the reply.Karthikeyan
amberUsually FTC is considered after a vertical move or spike. Today it was not the previous swing high but a lower levelST
KSPost only once.Comments will appear only after moderation.ST
Thanks for checking the charts.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.
Sir thnx very much
Does FTC level (5320) act as a DP following day?
RajeshIt can be a prominent levelBut we do not consider it as a DPST
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