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

Monday, October 27, 2014

27102014

Market was choppy with too many levels in between. Attempted a long on BOF of PDH/PDC. Stopped out below the entry bar. Did not attempt any other trade.
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14 comments:

  1. Trader PaiOctober 27, 2014 at 3:48 PM

    Hi ST
    thanks for the chart
    Please comment on my trades
    http://tradingdecisionpoints.blogspot.in/2014/10/blog-post_27.html

    thanks n rgds
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 3:52 PM

      You have traded well
      I never thought your second one reverse so fast
      It was showing very good momentum.

      ST

      Delete
    2. Trader PaiOctober 27, 2014 at 4:52 PM

      thanks ST.
      yes .. I expected the second one to reach my PDH

      rgds
      Kishore

      Delete
  2. TrekkieOctober 27, 2014 at 3:59 PM

    Hi ST,
    I didnt take any trades today. Thought of going long above 11:45 but thought better not to go over one bar pullback because the 11:42 bar closed too close to the PDC, Also wanted to go long above 2:15 after the pullback. please correct my thinking in both cases Also, is it possible for you to also post the orders that did not trigger? Thanks for your help.

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 10:31 PM

      Yes your reading was correct
      Price action was choppy and trades did not work

      ST

      Delete
  3. UnknownOctober 27, 2014 at 3:59 PM

    Hi ST
    Where would have been the entry for LOL BOF PDH/PDC?? Below 8020 or PDL??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 10:17 PM

      @ 8020, when price entered back in the BW range

      ST

      Delete
  4. nirtosOctober 27, 2014 at 4:03 PM

    Hi ST,
    my trades : http://screencast.com/t/m2atKujcg
    what was the mistake???

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 10:21 PM

      First trade nothing can be done
      Second one always wait for the market to make a formation like a swing point and enter on break of it
      Price may channel after a spike.. May not reverse

      ST

      Delete
  5. ArvindOctober 27, 2014 at 4:07 PM

    Hi ST Sir,
    My trades, your comments please.
    http://screencast.com/t/rjYtanrFH

    Thanks,
    Arvind

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 10:24 PM

      Avoid BO type entries unless critical mass is not getting trapped

      ST

      Delete
  6. veerOctober 27, 2014 at 7:12 PM

    Dear ST

    Should we have to take the PDL,PDH in case of lessor hours of trading in the previous day as per the previous day only (or) the lowest and highest of the previous two days ? (For future application)

    Regards,

    Veer

    ReplyDelete
    Replies
    1. SMART TraderOctober 27, 2014 at 10:28 PM

      I considered the last two days action as a single day
      But later price got rejected from 23102014 low forcefully
      So considered it as PDL

      ST

      Delete
  7. veerOctober 28, 2014 at 12:44 PM

    To-day it may be a range bound day. Thanks to the information given by YTC as referred to by URDave http://www.charttechnicals.blogspot.in/2014/10/when-to-expect-rangebound-movement.html

    Regards,

    Veer

    ReplyDelete

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