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

Tuesday, March 4, 2014

04032014


Nifty opened near PDC and moved up. I was expecting a range day It was very difficult for Nifty to move further down with three DPs to crack. DO/IRL,PDC and PDL. Went long on the BO of IRH. A BOF of first pull back swing low gave confidence. Then it was trailing all the way to the top.
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17 comments:

  1. UnknownMarch 4, 2014 at 3:44 PM

    Hi ST

    Nice trade.
    For the first trade whrere would be the SL. The horizontal line u drew above DO/IRL??

    Thanks
    TBP

    ReplyDelete
  2. SMART TraderMarch 4, 2014 at 3:52 PM

    TBP

    No that line is a micro BOF of swing low. A complex pullback.
    Initial Stop was below RN 6250.

    ST

    ReplyDelete
  3. AnonymousMarch 4, 2014 at 3:58 PM

    Hi ST ,
    I traded BPB of IRH.
    is 13:18 bar an MSP?


    rgds
    Kishore

    ReplyDelete
  4. SMART TraderMarch 4, 2014 at 4:17 PM

    Kishore

    I considered it as MSP and exited considering the extended move and NS BRN as the next barrier.It was not an ideal one.I would like to see the second swing to exceed the first swing high reasonably well.

    ST

    ReplyDelete
  5. AnonymousMarch 4, 2014 at 4:27 PM

    Hello ST,

    what stop loss did you kept after your long entry on IRH B/o?

    ReplyDelete
  6. AnonymousMarch 4, 2014 at 4:41 PM

    Hi ST,

    Can you show the exact buy point.

    Naveen

    ReplyDelete
  7. SMART TraderMarch 4, 2014 at 5:12 PM

    Naveen

    Buy point was at 6261.25
    Initial stop at 6250. This is just a protective stop. I will scratch if price fall back into the range

    ST

    ReplyDelete
  8. AnonymousMarch 4, 2014 at 6:02 PM

    Hi ST,

    Thanks for the points.
    How many points you add to pivot high for breakout trades.

    Naveen

    ReplyDelete
  9. amberMarch 4, 2014 at 6:25 PM

    Sir good evening and thnx for your response thnx

    ReplyDelete
  10. SSPMarch 4, 2014 at 7:34 PM

    Dear ST,

    Good trade.

    Keep it up.

    Do U trail using fixed point Stop Loss r some other tactics?

    Su Saravana Perumaal

    ReplyDelete
  11. SMART TraderMarch 4, 2014 at 7:47 PM

    Naveen

    I trade breakouts of IR and Pressure Plays. Keep just one or two point away from the pivot

    ST

    ReplyDelete
  12. SMART TraderMarch 4, 2014 at 7:49 PM

    Saravana Perumal

    I trail using swing pivots,flip zones and DPs

    ST

    ReplyDelete
  13. amberMarch 4, 2014 at 9:11 PM

    Sir for MSP this is uniform every time, I would like to see the second swing to exceed the first swing high reasonably well , kindly update thnx

    ReplyDelete
  14. AnonymousMarch 4, 2014 at 9:40 PM

    ST,

    Can you explain Pressure
    Play.

    Loki.

    ReplyDelete
  15. SMART TraderMarch 4, 2014 at 10:00 PM

    Amber
    In an uptrend MSP is the swing low leading to the highest high. Here the highs are almost equal. Second push up should make a higher high

    ST

    ReplyDelete
  16. SMART TraderMarch 4, 2014 at 10:01 PM

    Loki

    Already explained
    Read the important posts especially structure and patterns

    ST

    ReplyDelete
  17. amberMarch 4, 2014 at 10:41 PM

    Sir thnx

    ReplyDelete

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