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

Thursday, February 20, 2014

20022014


Nifty gaped down near PDL. Went short on the BPB of  PDL. TP when price refused to move a third leg. BOF  of PDL gave another short signal. TP when price managed to trade above Range low. I am going out of station tonight. Will be back only on Saturday. Trade well.

16 comments:

  1. Sir,
    If time permits, please answer. Do we have a significant critical mass now? If so, it is Longs?
    As tomorrow is Friday, I would like to know this.
    Thanks
    S.Karthikeyan

    ReplyDelete
  2. No questions, thanks you.
    Wish we had a thank you button.

    ReplyDelete
  3. Dear ST,
    Still awaiting your explanation on the TT concept.

    ReplyDelete
  4. ST Sir,

    This query is just for the sake of clarity because I try to emulate your trades post-market with similar markings on the chart.

    Where you said, "BOF of PDH gave another short signal", can I rightly presume you actually meant PDL.

    Regards,
    KSG

    ReplyDelete
  5. KSG

    Yes PDL.Price never touched PDH

    ST

    ReplyDelete
  6. SK

    Today many swing traders might have reversed to shorts. If tomorrow morning session market falls, we can expect a reversal at the fag end

    ST

    ReplyDelete
  7. Sir,
    Thanks for the guidance.
    S.Karthikeyan

    ReplyDelete
  8. sir,
    in your bof trade, can we short below the low of the break out candle?

    ReplyDelete
  9. Anon

    You can do it
    But when there is a swing low nearby, cant we expect some stops below it in our favour?
    Suppose you entered on the BO of PDL where you will keep the stop?

    ST


    ReplyDelete
  10. Sir good evening , sir as in todays trade BOF happened ,what will be the confirmation that this trade can move upto BRN , kindly update thnx

    ReplyDelete
  11. Amber

    No confirmation.
    Once a DP breaks there is a high probability of price moving to the next DP.

    ST


    ReplyDelete
  12. sir good morning and thnx very much

    ReplyDelete
  13. Sir good evening ,sir in todays trade in 5 min t/f can 9.35 a.m candle can be taken as MSP,kindly update thnx

    ReplyDelete
  14. ST, in the first trade, did you short below the fifth bar? Thanks.

    ReplyDelete
    Replies
    1. It was a blind short which I call TT ( Touch Trade)
      I did such a trade on 12022014 which was a long trade.
      Nothing new.The good old method of buying a support and selling a resistance

      ST

      Delete

Note: Only a member of this blog may post a comment.