Nifty opened below PDC and traded within IR till 13.30 Six attempts to move above PDC failed. Short below IRL .Almost stopped out by the deep pull back, but did not trigger my stop above the entry bar. Trailed and got stopped out at 7740 level. Did not attempt any other entry. The fluid created by yesterday up move worked well even on expiry day
ST Sir,
ReplyDeleteMissed downfall, as i exited short at cost during pull back.Did Not attempt any trade further, expiry dizziness.
Trades here
Allow some room on such BO after prolonged consolidation
DeleteHere it was also into a fluid.
Your chat room is putting too much psychological pressure on you, I think
Preserve Financial as well as emotional capital. Do not hesitate to stop it if it is draining your energy
All the best
ST
As ST sir said, group trading never works. Trading must be personal and ideas must be shared.
DeleteRakeshky
Agree with you sir & kumar..
DeleteI started it with intention of sharing/discussing patterns & low risk entries.. but i see most of days it ends with personal trade follow-ups.
If not affecting my psyche, it is not adding value what i intended.. i am going to remove it from tomorrow.
Rose,
DeleteInstead of removing it, simply leave it as it is. If it affects your personal trade, simply do not log in during trading hour.
Leave it for others.
Manish
Hi ST
ReplyDeletesame trade as yours. I often Miss or get a good slippage while taking PP trades. How do you take such trades.
I am using SL Limit orders usually 50-75 paise difference between Trigger and Limit
DeleteST
St Sir,
ReplyDeleteI trailed it at 7751 after price moved 10 points below RN. and got stopped out. Missed another 10 points. Could we short the downmove as TST of PDC/HOD.
Yes you can blindly short there as FTC or TST with SL above HOD
DeleteBut psychologically it is very difficult to do without some confirmation
In fact these are the best trades as your entry will be very early
ST
St Sir,
ReplyDeleteWould there have been upside breakout after range where to put a Sl order for long as PDC, PDH,ABD BRN ABOVE.
I will long above PDH with a SL below PDC
DeleteST
DIRECT BO OR WAIT FOR BPB
DeleteYou can try direct BO after 2-3 tests. Otherwise BPB
DeleteST
Hi ST
ReplyDeleteDid not trade today as not well.
In the short trade, can profit be taken at the pin bar which formed at previous day's MSP from where the up move started?
Thanks
TBP
In hindsight you can.
DeleteBut in live market we will normally hope for PDL
ST
ST sir
ReplyDeleteI took the same trade as yours and stopped out at the same area. Trailing Stop Loss is very tricky in high volatility days.
VKM
Generally I avoid afternoon trades on expiry days.
DeleteDPs may not work well during such periods
ST
hi,
ReplyDelete1. What was your thought process after seeing the failure of second push around 2.00 pm? Did you plan to exit around there?
2. After breaking RN 50, price reached 37 and retraced back to 52. If that retrace turned as a RN BOF, where would you have stopped out?
thanks
Mathew
I entered short at 7772. When that second push did not move,price was around 7766 only. Just 6 poit in profit
DeletePrice is breaking out after 4 hours of consolidation and there was a fluid below. price was stalling at the previous day pull back low. I felt it may move some more and brought down the stop to 7770 so that I can sit tight without any loss
Once in good profit and the move is not an over extended one I allow a pull back and place the stop beyond this. If it reverses without pull back I will exit on crack of the flip
ST