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

Monday, March 24, 2014

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Nifty  gaped up above PDH (Ignored Saturday trading). Momentum move stalled at NS BN. Went long above consolidation as BPB . TP around BRN. Tried the BOF of BRN which can also be considered as FTC. Failed to move. Scratched. NO other trades.
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7 comments:

  1. SMART TraderMarch 24, 2014 at 3:40 PM

    UR Dave said...

    Hi ST

    Today's chart
    http://www.mql5.com/en/charts/1635008/nse-nifty-m3-gci-financial-ltd

    If possible try to post it in today's post. I had to leave early today.

    Took two nice trades. Have a look. Your comments are always appreciated.

    Thanks.

    ReplyDelete
  2. UnknownMarch 24, 2014 at 3:42 PM

    Hi ST

    How to decide whether to wait for a PB or enter on a direct BO?
    I could not enter during the initial up move.

    Thanks
    TBP

    ReplyDelete
  3. SMART TraderMarch 24, 2014 at 3:49 PM

    TBP

    If you expect a lot of stop accumulation, try BO. Otherwise go for BPB

    ST

    ReplyDelete
  4. AnonymousMarch 24, 2014 at 4:05 PM

    Hi ST,

    Today was an outside gap day, why did u not go long on the close of 1st candle?

    ReplyDelete
  5. SMART TraderMarch 24, 2014 at 4:34 PM

    Anon
    I do not go long on break of first candle on O/S gap days always. If the first candle is a pull back candle and test the DP, I try to enter on its break

    ST

    ReplyDelete
  6. AnonymousMarch 24, 2014 at 5:26 PM

    Hi ST
    Why didnt you go long over cigarrette ?

    rgds
    Kishore

    ReplyDelete
  7. SMART TraderMarch 24, 2014 at 9:22 PM

    Kishore

    I was expecting to go short.
    After an 80 point move I was not comfortable to go long

    ST

    ReplyDelete

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