There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Tuesday, August 26, 2014
26082014
As expected a range day. Market formed a Barbed Wire range within last down impulse. Tried a short on BPB of the range. Scratched . Skipped the long as there were too many levels above it. BRN, PDL and PDC
Why should one trade such a congestion area with PDC,PDL,BRN in between That too a counter trend trade within the last down impulse. I waited for the price to break PDC and get accepted above it. But it was a BO failure of PDC
I have not tried it so far as I am very comfortable with futures Decision Points work on futures and will not work on options I am not comfortable trading options looking at Futures chart
I totally agree. I had tried using options in the past instead of NF mainly because of lower brokerage... But their price tends to vary just like NF premium /discount over spot, so very difficult to set a proper SL or trail because it will not be in perfect tune with futures price.
Also with Nifty at almost 8000 levels, the brokerage in terms of NF points has come down too, so I am using only NF now.
Hi ST
ReplyDeleteTraded today a with a bearish outlook in the morning. Traded only with PDC and 7880 as targets.(Previous support). Luckily it worked.
Thanks
TBP
St Sir Explain why no trade in highlighted area ??
ReplyDeletehttp://i.imgur.com/xULRJ5n.jpg
Why should one trade such a congestion area with PDC,PDL,BRN in between
DeleteThat too a counter trend trade within the last down impulse. I waited for the price to break PDC and get accepted above it. But it was a BO failure of PDC
ST
st sir
ReplyDeletewhy did you take the BPB OF IRL as there was a strong support around 7870
Took a chance
DeleteBias was down and price had broken below the range.
Risk was also within limits
ST
Hello,
ReplyDeletewhy you have restricted to futures instead of trading options?
Aren't options lot cheaper and show big moves even in 20 pts range days?
I have not tried it so far as I am very comfortable with futures
DeleteDecision Points work on futures and will not work on options
I am not comfortable trading options looking at Futures chart
ST
I totally agree. I had tried using options in the past instead of NF mainly because of lower brokerage... But their price tends to vary just like NF premium /discount over spot, so very difficult to set a proper SL or trail because it will not be in perfect tune with futures price.
DeleteAlso with Nifty at almost 8000 levels, the brokerage in terms of NF points has come down too, so I am using only NF now.
Hi ST
ReplyDeleteI am a newbie and started trading on NF with a small account. Please comment and guide me on my trades as shown in below image links.
http://i.imgur.com/8FeTM2h.jpg
http://i.imgur.com/xG36BfL.jpg
Your first short is good. but exit was premature. allow a pull back
DeleteSecond one within a Barbed Wire. Trade range extremes not mid points
ST
Thanx
Delete