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

Monday, February 17, 2014

17022014



Did not trade the morning session. Tried a long trade on BOF of PDH. Price failed to break HOD. Scratched. No other trades today.Did not take the last breakout
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11 comments:

  1. UnknownFebruary 17, 2014 at 3:48 PM

    Hi ST
    With IRH, IRL marked on the charts today, there was no space for the trade to move. Best to stay out??
    How do we decide that?

    Thanks
    TBP

    ReplyDelete
  2. SMART TraderFebruary 17, 2014 at 4:00 PM

    TBP

    Better to stay out, I think.

    I stay out during announcements
    Cant say how the market will react

    ST

    ReplyDelete
  3. AnonymousFebruary 17, 2014 at 4:04 PM

    Hi ST
    Please see my trades

    [IMG]http://i61.tinypic.com/1pyvk9.png[/IMG]

    Trade 1 :- TRAP
    Trade 2 :- BOF of Range high ..Expected to move till PDH.
    Trade 3 :- BPB RH.

    Have I started seeing things .
    Please check my marking /lines in the image

    thanks n rgds
    Kishore

    ReplyDelete
  4. AnonymousFebruary 17, 2014 at 4:54 PM

    Dear ST,

    Please comment on 11:15 candle...can it be termed as BOF? or just as master candle (though at that time above it there was not space to move)?? or to stay away from entry after such strong rejection yet big red main body?

    ReplyDelete
  5. SMART TraderFebruary 17, 2014 at 6:01 PM

    Kishore

    Once an envelop forms around initial range, you need to trade the new range.IR loses importance.Trade the range extremes, here HOD and PDH Trap is the BOF of MSP.

    ST

    ReplyDelete
  6. SMART TraderFebruary 17, 2014 at 6:09 PM

    Anon

    Yes it is a BOF of PDH
    You can go long above the candle high on normal days. On announcement days signals may not be reliable

    ST

    ReplyDelete
  7. raj.abjFebruary 17, 2014 at 8:30 PM

    hello traders in Nifty Nirvana ...namasthe....
    i am following website,but iwould like to know about shortcut words.
    please any of you clarify these detail.
    thanks.

    ReplyDelete
  8. AnonymousFebruary 17, 2014 at 8:48 PM

    Hi ST,
    Isn't this a TRAP?
    http://tinypic.com/r/2ni77mp/8

    rgds
    Kishore

    ReplyDelete
  9. SMART TraderFebruary 17, 2014 at 9:15 PM

    raj
    There is a glossary at the bottom

    ST

    ReplyDelete
  10. AnonymousFebruary 17, 2014 at 9:17 PM

    @raj.abj
    Please check the glossary section

    http://niftynirvana.blogspot.com/2012/01/glossary.html

    I may visit the important posts here :-
    http://niftynirvana.blogspot.in/2012/02/structure-and-patterns.html

    http://niftynirvana.blogspot.in/2012/02/rants-n-raves.html

    rgds
    Kishore

    ReplyDelete
  11. SMART TraderFebruary 17, 2014 at 9:24 PM

    Kishore

    TRAP is
    TREND ACCELERATION PATTERN
    Where is the trend?
    Price was trading in a 20 point range all the day.Price should atleast trade in a lower range.

    http://niftynirvana.blogspot.in/2014/01/trap.html

    ST

    ReplyDelete

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