Announcement day. Did not trade till the dust settled after the announcement. There were two opportunities BOF of IRH and BOF of BRN. These trades were very profitable if somebody took it. I stand out during announcements. The only trade I took was the BOF of IRL/PDL. The trade did not move.Scratched this one Then there was a TRAP . But the trade did not trigger.
Sir,
ReplyDeleteI took your trade too...
closed it when price flip failed, with profit.
Was I right?
Raghu
Raghu
ReplyDeleteYes. I Exited when price climbed back to the small range.I was expecting it to run
ST
Hi
ReplyDeleteDid not get chance to take both the trades which u mentioned at the extremes.
Was BPB PDL a valid trade??
Plz click here
Thanks
TBP
ST,
ReplyDeleteI took the BOF of BRN and exited at IRL. I immediately reversed as the bias was short and I saw the BOF of IRL and covered at BRN again. Was the 2nd trade legit (although it worked). I too scratched the 3rd trade.
TBP
ReplyDeleteNothing wrong.
But managing such trades are very difficult.It is fun if you are on the right side of the move.But think about the BO traders who went long on the BO of IRH
ST
Nikhil
ReplyDeleteNothing wrong in it.
But must be very careful during announcements. It is playing with a double edge sword. May get wounded badly.Here luck plays more than skill
ST
good evening sir, today i took one short position BF of Do and exit with small profit sir can you explain about FTC with example ......? pls
ReplyDeletesir where is your home town.....? I am from n.paravoor
ReplyDeleteHi Sir,
ReplyDeletePlease tel me, there is no trade signal...when it is TST..IRH..first time (before bill fall)?
Thanks,
Mahesh
hi TBP,
ReplyDeleteon such v shape recovery days I plan this way...
I entered long at BRN and reversed twice the quantity at PDL as well as its approximately DO too. not sure the move will resist there but i was alert to scratch short trade it if goes wrong. based ont he profits that you made from long trade.
This is how I play on last day of contract too but with small quantity.
Raghu
Anoop
ReplyDeleteI will make a post on FTC
I am settled at Mannuthy, Thrissur
ST
Mahesh
ReplyDeleteIt was a BOF of IRH before the big fall
ST
ST,
ReplyDeleteIf your time permits make a post on scratching the trade too ...
Mainly on exits
rgds
Kishore
Kishore
ReplyDeleteThere is nothing to write about scratching. If you feel your trade is not moving as expected, you exit at a small profit or at a small loss avoiding a full stop out.
You can always reenter. If you make a 2 point profit the trade will breakeven. If you hope and hang on till a stop out ,this will eat the next trade profit
ST
Raghu,
ReplyDeleteNice trade. And great adeptness.
Infact today when i arrived, the Nifty had already formed BOF BRN.
Was not in a position to take the trade.
Thanks for the comment. Will keep in mind the nimbleness
TBP
TBP,
ReplyDeletethanks for the humble comment.
to be precise "reversed twice the quantity" really means that i Have already placed that trade with double quantity just after the long is triggered, got alert/focused once the long closed and short triggered at the same time.
Sorry I was not that clear last time.
Raghu
Hi ST,
ReplyDeleteThank you very much
TBP
Sir good evening , sir the guidance and the trade set up posted by you today is on 3 min T/f . kindly update thnx
ReplyDeleteAmber
ReplyDeleteWhy? Any problem?
ST
Hi Sir,
ReplyDeleteI am bit confusion regarding tst and bof? pls check the screen shot and let me know sir.
http://tinypic.com/r/2ymxded/5
Thanks,
Mahesh
Mahesh
ReplyDeleteEvery touch of a DP is not a TST (The trading pattern we refer to). It should be the test of the boundary of an established tradeable range. The target of a test trade is the other end of the range. Range should be wide enough to initiate a trade. Price touching a resistance is not a signal to go short.
Do not trade with real money. Go through the important posts and understand the concepts well. There are much more to price action trading. Simply searching for patterns will not give any result
ST
ST
Sir just needed your confirmation as
ReplyDeleteas i got confused or really forgot that is it 3 min or 5 min t/f and nothing else thnx
Hi Sir,
ReplyDeleteThanks for your explanation , will do the same...
Recently started to go thorough your posts and pdf document...
Still so-many things to learn...
Once again thanks for the information.
Thanks,
Mahesh
Amber
ReplyDeleteIt is three minutes.
ST
Sir thnx very much
ReplyDeletesir,
ReplyDeleteHow to use price action for swing trading, any body have success with stocks futures or what type of stock futures are suitable for price action trading