Nifty gaped up above PDC. There was a BOF at PDH.Shorted below the MC. Target was PDC.Trade did not work Stopped out above PDH. Skipped the long trade as it was a trade to all time high from where a 200 point fall started. Entered short on a BOF of range high . I expected the trade to run as critical mass was long and trapped . But price bounced back from RN/PDH area. Scratched. Both the trades did not work.
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Tuesday, July 1, 2014
01072014
Nifty gaped up above PDC. There was a BOF at PDH.Shorted below the MC. Target was PDC.Trade did not work Stopped out above PDH. Skipped the long trade as it was a trade to all time high from where a 200 point fall started. Entered short on a BOF of range high . I expected the trade to run as critical mass was long and trapped . But price bounced back from RN/PDH area. Scratched. Both the trades did not work.
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ST Sir,
ReplyDeleteRange bound day, managed to close day with 1 point loss.
Trades here
Good
DeleteThere is no direction for the Market
Hope tomorrow it will move out
ST
If we look at the NS chart, we can see that price came down and filled the gap by touching PDC.
ReplyDeletehttp://goo.gl/O1aWaf
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Mathew
Mathew
DeleteIt did not touch PDC it seems
PDC is the red dotted line I think.
ST
Dear sir,
ReplyDeleteYour orders are MARKET or LIMIT order?
Can i apply your Method in stock futures day trading..
pls reply sir,
thanks
Most of the time Stop Loss Limit orders
DeleteFew people are doing it successfully
ST
Hi ST
ReplyDeletewhere would be the long entry be??
Thanks
TBP
Break of first candle high
DeleteAvoided due to NS RN and highest high
ST
Sir, on eod the trend was up , also it opened with gap up , was it OK to go short (trade1) ?
ReplyDeleteIt was very risky and could have avoided
DeleteST
Hi ST,
ReplyDeleteI am happy to share that I took the same 2 trades today. First was short at 7643 (9:31 AM) and covered at 7654 (9:53 AM) , though I wanted to cover at 7649 but kept SL above the PDC/RN. Second was BOF of DH at 7665 (2:41 PM) and it hit my trailing SL at 7661. I expected the market to break 7650 with sharp fall but that did not happen. Now I think I should have covered it around 7654 when the fall did not happen below 7650. But I have been losing good trades because of close SL, today I decided to give my trades little leeway. Your expert comments pls?
Vikram
DeleteFirst one was a little premature to go counter trend, it seems
The BOF trade was an excellent signal. I expected it to move well
It is all in the game
ST
do you use settlement close or LTP as Previous days close prize?
ReplyDeleteLTP. Traders trade charts
DeleteTrade what you see on chart
ST
Sir, Have u tried trading by applying ur study to nifty spot instead of nifty future? As premium of nifty future keep on increasing and deceasing many times in the market making a lot of whipsaw. For example today also nifty spot broke PDH for first time initially and bounce back in the next candle and never broke afterwards. where as future broke the PDH many times. So by looking at nifty spot one could have played BPB many times.
ReplyDeleteHow do you know the corresponding levels in Nifty Futures?
ReplyDeleteWhere on NF you will keep your BO entry and Stop loss order?
Better to trade the levels of traded contract.
But I think the divergence between NF and NS can give some clues
ST
ST
Sir, One can do that by opening nifty spot and future charts on the screen at the same time and when nifty spot approaches DP just check the corresponding level of nifty future and trade accordingly. Which is what I do in trading nifty.
DeleteSalildali
DeleteWe had discussed this subject earlier
It created a lot of problems at the execution front
http://niftynirvana.blogspot.in/2012/10/nifty-levels.html#comment-form
ST
Sir,
ReplyDeleteOk. Thanks for wonderful system.
hi
ReplyDeletewhich broker your using and how much is brokerage (in nifty points). and margin your getting?
I have accounts with Zerodha Trade Smart Online
DeleteBrokerage will be around 2 points.
Margin around 13000 for MIS orders
ST