Hi ST,What was the thought process for taking second trade ?
BOF of Range High /BRNI expected some long unwinding due to holiday and weekendST
ST sirI took long trade there, when you exit from first short but exit with a small profit when Nifty bounced back from HOD.Second trade (short) as yours, exit at breakeven.http://dpintratrading.blogspot.in/2014/08/14082014.htmlVKM
Nice trades.Very tough day to day tradeST
Hi ST,If you took the up move, where would you have exited.
I will exit around 7780 as price was not showing momentumST
Dear ST,The place where you marked BO- immediately after that can it be treated as BOF of PDH and long be initiated ? The other signals are point to take long such as little gap up open and above BRN. Am I right in my thinking?Regards,Veer
Yes . It was a long signal and the right tradeST
ST, Why u avoided BPB long above days high and BRN 1.57? where was the long entry for u if it shooted strongly up from there.?how did u avoided direct PP longs above days high and BRN after so long consolidation and the range broken down failure at bottom (11.54)RegardsBharat
I was very much biased towards shorts. Price has already moved up more than 250 points from the bottomI expected an unwinding of positional longs due to weekend and holidays so was looking for shorts. But it did not workST
There was Double bottom across PDH on 11:57 and 12:12. Can you explain the reason why we should not go long above the high of 12:06 bar?
BOF of PDH was the right trade to go long. In a higher range buy the lows. I was biased and messed upST
Thank you very much.
Once your first trade failed, you could have possibly thought of a BOF long trade above the 12:06 candle with 7800 as possible target.
Right. Long was the right tradeOne should not have a bias and need to trade what we see on the chartST
I took a BOF long at PDH just above the level where you TP of first short. I was hoping for break of BRN, but it was very choppy action around BRN too, so got out with few points at second BOF short level but didn't take the short. It was too fast also.Wouldn't it qualify as BOF long at PDH? though I must say there was not much points movement from HOD of morning till PDH, but it just seemed like a BOF to me, even if a mild one.
Your trade was rightBuying lows when price trading in a higher rangeST
Hi ST,What was your thought process for taking the BO of PDH? And did you consider taking the subsequent BOF of PDH immediately after? Thanks.
It was a wrong trade. Happened due to my strong bearish biasI expected a sell off. Market had other plans. Even the BOF of BRN did not workST
Hi ST, Why was the trade wrong? I took that short also, to me it looked like a BO of PDH after FTC. I thought longs might be keeping SL below PDH. Please correct my error.
Could have waited for a good break and orderly pull backFTC combined with fluid below made me short. But market was extremely strongI expected good selling after the BOF of BRN . This one also reveredST
If you were to take BOF long, ideally above which bar would you have taken it. Thanks again.
Ideal entry should be above the bar where I exited my shortST
Thanks a lot. Where would you have kept initial SL and where would the final exit be?
SL will be below the BO bottomFinal exit will be where I entered shortThere is no point in hindsight analysis. The way we behave in real market will be totally differentST
Sir good evening,sir the low of 12.09 pm can be take as double bottom compared to the low of 11.54 am and what should be ideal distance of double bottom ,kindly update thnx
Usually I do not consider it as DB.It is somewhat like a second push downDB happens when price revisits the point after moving away well and after a reasonable timeST
Hi STNf in second half was in rising channel ..can the lower edge be treated as DP to enter long BOF trades..
Hi STNf in second half was in rising channel ...can the lower edge of channel be treated as DP and long bof trades can be traded??
I do not trade channelsChannels will not mix well with DP methodST
my total brokerage with all taxes is 150 rs.,at current nifty price . wats ur brokerage with all taxes for 1 lot at current nifty price?
It is around 120/- on a single lot of NiftyST
Which brokerage is that? and the service?
Both Zerodha and TSOOrders are getting executed well and Down time is very very rareDo not need or expect any other serviceST
im thinking to change my broker becoz charge is 150/lot.which one u prefer zerodha or TSO ?
Back office of Zerodha is very good and they are very innovativeST
how to change our on going bias with the flow of price? i mean how to know the present bias and how to know the bias is changing and wen bias change confirms ?
When price trades in a higher range bias is bullish. At a lower range bearishAlternatively if price breaks below a DP, bias is bearish. If it breaks above a DP BullishST
Hi ST,On many occasions one particular DP will provide more than one setup/opportunity ... over a period of time (e.g, multiple BOF's). Do you have any rules/guidelines you follow when the first and/or second setup fails?
When a DP trade fails It could be because of a BW or a ChannelIt is better to stay out till the picture is clearST
Sir good evening,sir sent a mail when time permits kindly check thnx
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