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

Tuesday, September 2, 2014

02092014


Nifty opened near PDC. Broke PDC and PDH. Went long on BPB of PDH. But it pulled back deep and I exited suspecting a Barbed wire.Exit was  below PDH/PDC at a small loss. Another long on BPB of BRN. TP when price bounced from NS BRN.Price traded within the last impulse rest of the day.
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10 comments:

  1. kishoreSeptember 2, 2014 at 3:30 PM

    Hi ST,
    Just 1trade .
    http://tinypic.com/r/fwkv28/8

    thanks n rgds
    kishore

    ReplyDelete
    Replies
    1. SMART TraderSeptember 2, 2014 at 3:36 PM

      Nice trade.
      You trailed it well. I exited in a hurry

      ST

      Delete
    2. kishoreSeptember 2, 2014 at 7:21 PM

      yes ST,
      I kept SL below 10 points initially ...Luckily it didnt hit


      thanks n rgds
      Kishore

      Delete
  2. UnknownSeptember 2, 2014 at 3:52 PM

    Hi ST
    Any reasons for not going long on break of then HOD around 8080 on the upside. Could it be BOF PDH above 8080??
    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderSeptember 2, 2014 at 4:30 PM

      Hesitated after the early long failed

      ST

      Delete
    2. SuMaSeptember 2, 2014 at 4:35 PM

      I thought at that time it was more probable that BB around PDH will develop.

      Delete
  3. SuMaSeptember 2, 2014 at 4:32 PM

    Thanks ST Sir. Slowly, I am getting the hang of the system.
    Trader-in-the-Zone.

    ReplyDelete
  4. videvSeptember 2, 2014 at 6:59 PM

    Even I was a bit worried about larger dip after BPB long PDH, but my SL was saved by 1.5 pts, and I was more confident of NF long eventually working out by looking at broader indices around 1015 am which were gaining up even though Nifty spot had dipped below 8050, and NF below PDH. I was thinking a grinding upmove like yesterday but it was a bit like channel. Today it worked out well and booked at 8114 NF, rationale being too much CE OI buildup around 8100 level (45 lakh) so it can't keep running so much in one day.

    Missed the 2nd trade BPB long of BRN.

    ReplyDelete
  5. Siju ThomasSeptember 2, 2014 at 7:03 PM

    Sir
    How did you avoid the BOF of PDH, PDC happened at 9.30 ?

    ReplyDelete
    Replies
    1. SMART TraderSeptember 2, 2014 at 7:54 PM

      Decided to short the break of DO/LOD as it was close
      Further it was counter trend

      ST

      Delete

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