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

Monday, July 7, 2014

07072014



Nifty opened above PDC/PDH. .Price tried  to go below but failed. Long on BPB of PDH/PDC/BRN. trade failed Exited below BO bar low. Did not go short below BRN as expected a range. Rest of the day Barbed Wire around PDH BRN. no other trades
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15 comments:

  1. UnknownJuly 7, 2014 at 3:41 PM

    Thanks ST

    ReplyDelete
  2. vikramJuly 7, 2014 at 3:49 PM

    Hi ST,
    I took the same long in the morning BPB at 7803 and got stopped out at 7795. Then I took BO of IRL at 7980 (10:18 AM) and then BO of DL at 7779 (10:45 AM) and then at 7776 (1:31 PM). When the market failed to break, then I took BOF at 7782 (1:27 PM) and my SL got hit at 7794 (2:15 PM). Overall, loss of about 15 points. Surprisingly, you did not take any short. what was your thought for not taking short? and how I could have avoided the fake shorts?

    ReplyDelete
    Replies
    1. SMART TraderJuly 7, 2014 at 4:54 PM

      Market is in rally mode and hanging around all time high
      Every dip is being bought aggressively.Totally dominated by investment buying
      careful with your shorts

      ST

      Delete
  3. Guru Krish (Trading Nirvana)July 7, 2014 at 4:16 PM

    Hi ST,

    Dint Take any trade after looking at one huge candle (Maybe a freak trade) with 7810-7760..Wat a day just watching the terminal :(

    ReplyDelete
  4. Only NiftyJuly 7, 2014 at 4:19 PM

    ST Sir,

    Attempted BO of IRH, exited below BRN.. no other trades attempted for rest of the day.
    Trades here

    ReplyDelete
  5. amberJuly 7, 2014 at 5:33 PM

    Sir good evening,sir sent a mail when time permits kindly check thnx

    ReplyDelete
  6. UnknownJuly 7, 2014 at 6:03 PM

    hi st how you suspected range as the was mouth watering (as you say :-) fluid?

    ReplyDelete
    Replies
    1. SMART TraderJuly 7, 2014 at 6:34 PM

      Look how the market rallied after Fridays dip
      Market is extremely bullish and we are in pre budget shopping spree
      I do not anticipate any correction till budget.Avoid short signals if they are not trapping lot of longs

      ST

      Delete
  7. sleepytrader42July 7, 2014 at 6:21 PM

    Forgive the stupid question but are you trading the Nifty via the CME or SGX exchange? And how much is a point/tick worth? As having never traded the Nifty I am confused by which Futures contract you are trading and its specifications, margin requirements, etc. Thanks.

    ReplyDelete
    Replies
    1. SMART TraderJuly 7, 2014 at 7:08 PM

      I think you are not from India
      We are trading Nifty Future contracts at NSE India
      ST

      Delete
  8. sleepytrader42July 7, 2014 at 7:57 PM

    Yes ... that is correct. Based in Europe. And not familiar with Nifty.

    ReplyDelete
  9. amberJuly 7, 2014 at 8:10 PM

    Sir kindly update on this Did not go short below BRN as expected a range thnx

    ReplyDelete
  10. UnknownJuly 8, 2014 at 12:56 PM

    hi im hesitating to pull the trigger due to fear of loss and emotional instability so
    i have decided to take only BPB and BOF for any DP or any range extreme with space for some days untill sufficient emotional capital and financial capital buildup . ur opinion?

    ReplyDelete
    Replies
    1. SMART TraderJuly 8, 2014 at 5:43 PM

      Go through your old trades
      Do what works for you and avoid which is not working

      ST

      Delete

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