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

Friday, January 3, 2014

03012014


As expected Nifty remained rage bound in the morning session.It Channeled in the afternoon session.  Attempted two short trades BOF of IR High. First one made 10 points and the second one stopped out. There was no space to move with PDL above and BRN below.
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14 comments:

  1. Deven MalhotraJanuary 3, 2014 at 4:30 PM

    Hi ST,

    Felling good that I also Took the same trades as yours. In the 2nd half, I was expecting market to break 6200 as weekend ahead, which didn't happen.
    Closed at No Loss in Intraday.

    Thanks,
    Deven Malhotra

    ReplyDelete
  2. nirtosJanuary 3, 2014 at 4:34 PM

    St sir,
    10.48 bar tst of day open,1.21 bar bof of irl.
    were above trade not according to your setups.
    thanks

    ReplyDelete
  3. UnknownJanuary 3, 2014 at 4:37 PM

    Hi ST,
    First trade was identical ...
    Second was BPB of flip zone 6220.
    Although it made money, was it a valid trade.
    Thanks
    TBP

    ReplyDelete
  4. xrtrader1January 3, 2014 at 4:40 PM

    Thanks ST.
    Google should add a thanks button :)..

    ReplyDelete
  5. SMART TraderJanuary 3, 2014 at 4:55 PM

    nitros

    Both valid trades and went where they were supposed to go
    But don't forget these are counter trend trades and should be managed well

    ST

    ReplyDelete
  6. SMART TraderJanuary 3, 2014 at 4:58 PM

    TBP

    You need not wait for such a pullback. BOF of IRL can be traded as CT trade.
    It was a bounce back from the target rather than a pull back

    ST

    ReplyDelete
  7. AnonymousJanuary 3, 2014 at 5:00 PM

    Hello,
    Question - For breakout entries how much space do you set between trigger and limit.

    thanks
    SS

    ReplyDelete
  8. SMART TraderJanuary 3, 2014 at 5:03 PM

    Deven

    DP framework will work well
    Even if you are wrong most of the time you will be able to exit without much loss.

    ST

    ReplyDelete
  9. SMART TraderJanuary 3, 2014 at 5:07 PM

    SS

    Usually 50 paisa
    But you have to enter the order earlier than others. Otherwise you may not get the fill

    ST

    ReplyDelete
  10. UnknownJanuary 3, 2014 at 9:40 PM

    ST Sir,
    Is it OK to Long at around 1 PM as BOF of BRN 6200?
    2nd, should we consider both NF & NS BRNs or only NF BRNs?

    ReplyDelete
  11. VirenJanuary 3, 2014 at 9:44 PM

    Hello ST, I think you keep a target of 10 points, but what abt stops? How many points for stop loss?

    ReplyDelete
  12. SMART TraderJanuary 3, 2014 at 9:53 PM

    Viren

    I don,t keep a target of 10 points on individual trades. I try to cut losses short and try to let my winners run. I never allow a loss of more than 10 points

    Overall I aim to make 200 points a month. It is 10 points a day on an average.

    ST


    ReplyDelete
  13. SMART TraderJanuary 3, 2014 at 9:59 PM

    Sanjaya

    There was no BOF of BRN on NF
    We are trading NF, but we just monitor BRN on NS where price can stall due to option strikes. We do not trade signals on NS but mostly used for booking profits

    ST

    ReplyDelete
  14. VirenJanuary 4, 2014 at 9:20 AM

    Thanks ST.

    ReplyDelete

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