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

Thursday, February 13, 2014

13022014



Nifty opened above BRN and sold. Broke BRN as well as PDL. Placed an order to sell at 6090. It did not trigger. So short below the MC as BPB of PDH. TP at RN 6050. I was expecting 6040 to hold and expected a bounce. I was looking to go long. But Nifty cracked the level and pulled back. Entered a short as a BPB TT. TP near BRN 6000. Nice trend day. Never broke the MSP

10 comments:

  1. Hello,
    Which other setups will you consider for TT?

    Would you for example do it for FTC when momentum loss / Exhaustion seems clear but no nearby pivot available.

    thanks
    SS

    ReplyDelete
  2. SS
    It can be considered for FTC also.
    But we should remember that we are taking the entry on a freshly formed level without confirmation.Risk is definitely more

    ST

    ReplyDelete
  3. Hello,

    I accidently reached your blog while searching about Master Candle in Google nearly 2 months before. From that day, I have been reading your blog regularly. Your blog has helped me tremendously.I am also a person who started trading after resigning a corporate job. Can you please explain how to know the IR. Thanks in advance.

    ES

    ReplyDelete
  4. ES

    Thanks for the comment

    http://niftynirvana.blogspot.in/2012/07/initial-range.html

    Simply it is a range within which the market traded initially.No time limits. It is markets own range

    ST

    ReplyDelete
  5. Hello, ST.

    I read the comments on the 11th FEB trade but somehow the TT concept is evading me. Can you please give a short explanation again. I am sure it would help a lot of members here as well.

    Thanks.

    ReplyDelete
  6. Thanks a lot sir for explaining IR.

    ES

    ReplyDelete
  7. Nikhil

    I will make a separate post on this

    ST

    ReplyDelete
  8. Sir good evening ,sir kindly update the inference of 6040 thnx

    ReplyDelete
  9. Amber

    Scroll to the left.Notice what happened at the level last time

    ST

    ReplyDelete
  10. Good Evening ST,
    First TT trade done at 6088 level after NF broke PDL for first time & TP at 6055.
    No further trades as was busy in other work.

    Thanks a lot for guiding all of us....

    Regards

    ReplyDelete

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