Nifty opened above PDC and moved up. I was looking to short as I was bearish. Short on BOF of BRN 7600. As expected price moved to IRL, the FTA.TP at IRL. Price moved up and tested the BRN thrice. Last one was a minor BOF. Shorted to cover the trade below PDC as price stalled. Tried a long on BOF of BRN. Covered when it failed to cross RN 7550. Avoided short trades as Nifty was down 150 from days high. Being friday I did not expect any commitment from traders
I will be back only on Tuesday.Driving to the hills.This time Romancing the Rain at Wynad
Enjoy the Trip
ReplyDeleteThanks
DeleteST
ST Sir,
ReplyDeleteManaged to bag 66 points today… volatility increasing these days.. good for DP traders :)
Enjoy the trip :)
Trades here
Good trades
DeleteYes. market giving good moves
ST
Hi ST,
ReplyDeleteEnjoy your trip..If dropping by Mysore do let me know :))
Took only one trade in the morning BOF of BRN...When I was back-testing and taking some training using Bar Reply, I am finding comfortable with 2min bar..even today's trades were with 2min bar. Is there any problem using 2 min bar?
Cheers!
GK
No problem at all.
DeleteWe are trading horizontal price levels.
Acceptance and rejection at these levels are important not candle pattens
ST
Sir,
ReplyDeleteHave a great weekend at Wynad.
S.Karthikeyan
Hi ST
ReplyDeleteHave a great trip.
Do share some pics.
Thanks
TBP
Ahhh rains!! my favourite time!! Enjoy the trip ST.
ReplyDeleteSir good evening and best of luck for your weekend,take care thnx
ReplyDeleteHappy weekend Sir.
ReplyDeleteSir
ReplyDeleteWatched the video. It seems wonderful place. Mother nature at its best. Would love to be there one day...
Have a nice time.
URD
Me too.. Hope to be there some day... such nice place...
ReplyDeleteHappy holidays Sir,,A break like this will definitely take you from extreme to balance always,
ReplyDeleteRelax and Enjoy
Hi ST
ReplyDeleteHope u had a great trip to Wayanad.
I have few queries..
I want to switch to 3 min chart.
The GCI MT4 chart has a lag which makes decision making difficult.
I want to ask you about icharts as follows:
1) Do we get all intraday futures charts?
2) Do we get Nifty and bank nifty options charts?
3) Does the candle gets printed only after the chosen time interval or is it a continuous process?
4) For all this what are the yearly charges?
Thanks for your help
TBP
1.With Icharts premium. Yes
Delete2.Yes But Still on BETA
3.Continuous
4.Around 900 PM
http://www.icharts.in/details-of-our-premium-services.html
ST
how to know the current bias and wat r the signals of bias changing and how to know that the bias has changed?
ReplyDeletehttp://www.niftynirvana.blogspot.in/2013/06/trading-plan.html
DeleteST