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

Tuesday, March 18, 2014

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Nifty gaped up above PDH and moved up without a pull back. There was  a BOF of BRN.Can also be considered as FTC after a vertical move. Hesitated for a while and missed the trade. There were too many levels to watch for to the downside. Went short on break of DO.Ignored PDH as I expected a lot of stops below DO. TP at PDC as there was no momentum as expected. Did not attempt any other trade.

19 comments:

  1. Hi ST,
    Please have a look at the trades on chart and give your valuable comments.

    http://www.mql5.com/en/charts/1608927/nse-nifty-m3-gci-financial-ltd

    Thanks.

    ReplyDelete
  2. URD

    No problem with trades.
    Be careful with NS levels. Due to premium/Discount these levels are a little bit vague.Usually I use them for trade management

    ST

    ReplyDelete
  3. Sudarshan

    NS BRN and NS RN represent Option strikes ending 00 and 50 respectively of Nifty Spot. Nifty Future levels will vary as per premium/discount

    ST

    ReplyDelete
  4. Arun

    I took a long at 6477 without consider NS RN than it seems there was some imbalance exited at 6482. Again after crossed NS RN long at 6488 and squared off near brn considered ftc. Today it seems like barbed wire after toughing the BRN?

    ReplyDelete
  5. Thanks ST.

    Regarding NS level, today there was no IR to deal with. There was a big 50 point initial up move and pull back. At that time, you would notice that NS RN was right in the middle of that range. Price pulled back to NS RN and halted there. Initially i thought of not fiddling with the middle and let it go, but could not resist myself, and finally took that long trade.
    The second trade i took only because i perceived it as Power play. Critical mass had gone long in the morning, prices were making lower highs and lower lows. I thought of order flow below it. Also there was 20 points of fluid below it till DO/PDH/BRN.

    This was the thought process behind those trades.

    Thanks.

    ReplyDelete
  6. How can we determine NS RN and NS BRN?

    ReplyDelete
  7. Hi St,
    my todays trades are at http://screencast.com/t/A0jzPWQO
    . a bad day for me . but if we see ns spot then my sl are safe http://screencast.com/t/jq4bL83oh
    . How to trail sl after entering the trade is tough for me.
    nirmal

    ReplyDelete
  8. Hi ST,

    I have Published a article about your BOOK on my BLOG.

    http://www.traderadda.com/2014/03/free-e-book-decision-points-trading.html

    Thanks and Regards

    SAM

    ReplyDelete
  9. ST forgot to mention:
    Belated Holy wishes. Trade and Prosper.
    Thanks for the posts.

    ReplyDelete
  10. Arun

    64xx?
    Think it is 65xx
    There was no barbed wire. Nifty was just trending down. As per the method you need to keep the SL behind a DP

    ST

    ReplyDelete
  11. URD

    Nice Trade.
    Sometimes we will fail to notice some clues and sometimes we will get it all wrong. It is all in the game. For that we have stop losses

    ST

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  12. Anon

    For that we have to look at Nifty spot values.Need not look at charts . You can see it on your trading platform

    ST

    ReplyDelete
  13. Hi ST
    My trades today ...
    please have look

    http://tinypic.com/r/zuqxw4/8

    rgds
    Kishore

    ReplyDelete
  14. Nirmal

    Trail stop behind DPs and swing pivots.

    ST

    ReplyDelete
  15. SAM

    Thanks for the link.
    Where had you been?

    ST

    ReplyDelete
  16. ST,

    Thanks for remembering me ... :)

    Yes I have not commented .. from many days.. but I am visiting your blog when I was getting time.. as I was busy with some other works.. so away from Trading... Now resumed...

    Regards
    SAM

    ReplyDelete
  17. Kishore

    Good trades.Keep it up
    Survival should be the first priority.Remember Chinese Bamboo

    http://niftynirvana.blogspot.in/2012/02/chinese-bamboo.html

    ST




    ReplyDelete
  18. Yes ST..
    nice one ...Some how missed that post

    rgds
    Kishore

    ReplyDelete

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