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

Monday, August 18, 2014

18082014


Nifty opened below PDC. went up breaking  PDC/BRN  and PDH. Long on BPB of PDH. Stopped out when price bounced from all time high. It was a TRAP pattern, a BOF of MSP. Did not enter til price moved above the all time high. Went long on BPB of RN as I expected the bullishness to continue and there was no overhead resistance TP at 7875. Type one trend day.
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10 comments:

  1. xrtrader1August 18, 2014 at 3:49 PM

    Thanks ST..

    ReplyDelete
  2. UnknownAugust 18, 2014 at 3:58 PM

    Hi ST
    Nice trades.
    Any reasons for not entering till price moved above the then all time high??

    Trades 7800 CE and BN.
    Trades Here

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderAugust 18, 2014 at 4:11 PM

      All time high is a price point all the people watch
      As good as a DP

      ST

      Delete
  3. UnknownAugust 18, 2014 at 4:08 PM

    Hi ST ,

    How to manage Days High as DP in such type 1 trend days as Mkt continuous to make new highs

    I today Entered on short on BOF of day's High at 11.50 AM considering Days High as DP but trade failed as market made a new high.I think i messed in considering DH as DP in trending market ,please advice.

    Thanks in advance

    ReplyDelete
    Replies
    1. SMART TraderAugust 18, 2014 at 4:20 PM

      Every new high made on a trend day will not qualify as HOD
      HOD will qualify as DP on the retest after a meaningful pull back only after a reasonable amount time
      In short price should move well in the opposite direction and the retest should not be immediate

      ST

      Delete
  4. UnknownAugust 18, 2014 at 4:12 PM

    Also reqested to elaborate MSP ,Are they major intraday Swing points or from Higher timeframes??

    ReplyDelete
    Replies
    1. SMART TraderAugust 18, 2014 at 4:27 PM

      Kindly go through all the important posts listed below the blog.
      Alternatively you can download all these posts in E-Book format
      http://niftynirvana.blogspot.in/2012/12/major-swing-pivots.html

      ST

      Delete
    2. UnknownAugust 18, 2014 at 4:29 PM

      Thanks..

      Delete
  5. UnknownAugust 18, 2014 at 5:20 PM

    ST sir,

    How do you manage biasness or you remain neutral without considering HTF trend,like taking only long trades when HTF is long or viceversa ??

    ReplyDelete
    Replies
    1. SMART TraderAugust 18, 2014 at 5:57 PM

      Please go through all the important posts listed below the blog
      Everything is well explained there

      ST

      Delete

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