Hi ST,Nice humour. Really pathetic volumes. Nifty traders about to get extinct I guess.I had a query. I trade 5 min charts. Wanted your opinion whether it was FTC when prices formed DB and failed to reach PDH and retraced back to PDC and below.Plz click hereThanks TBP
ST which data provider do you use for charts ?
Xrtrader1Icharts web chartingST
TBPNo .FTC happens when price forms a swing pivot and second push after a pullback fails to break this pivot.ST
Hi ST,Thanks for the explanationTBP
Wish you happy New Year Sir.....
ST,Can I have an example of the above?ThanksTBP
TBP18122013FTC trades are always CT trades. It should be taken only when a directional move gets exhausted. Other factors like FTA and space are very important here alsoST
Thanks ST for the reply.Was studying the post u mentioned.Can I say that if a swing high or low is not taken out upon retest only then FTC occurs? Nothing other than swing high or swing low?TBP
TBPTST and BOF of a DP is also Failure of price to continue beyond a certain point. The difference is TST and BOF happens when price interacts with an established DP. But FTC happens not at an established DP but a potential swing point which may become a DP later.FTC being a CT trade and not at an established DP are low probability trades in comparison with TST or BOFI will make a separate post laterST
Sir PDH was @6380 and in todays analysis you have marked @ 6360 i could not understand it , kindly update thnx
ST,picture much more clearer now.thanks for the explanation will wait for the post also TBP
AmberI ignore tails.ST
Hello ST, One question I got for you.Dont you trade anything except Nifty?
Sir thnx very much
VirenAt present I am totally focused on Nifty FuturesST
Broker robs Rs. 40 at the most. Govt. robs more than 80% of the transaction cost!!!
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