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

Tuesday, October 28, 2014

28102014


Nifty gaped up within previous day range. IR formed. Short of FTC above 8030 from where yesterday Nifty  sold off. TP when price failed to go below DO/Range Low. Long on BOF of Range Low. Stopped out . Another long on BPB of Range High. TP when price reversed from RN 8050. Done for the day as I have some other work
Posted by at

17 comments:

  1. UnknownOctober 28, 2014 at 3:51 PM

    Hi ST

    ST, how stopped out on your second trade??

    Thanks
    TBP

    ReplyDelete
  2. nirtosOctober 28, 2014 at 4:03 PM

    Hi ST,
    my trade :http://screencast.com/t/VlmJGysN0x3
    What were the thoughts for doing FTC trade. I was thinking that time only previous day last impulse high. Thinking that after CT gap up it will break 8030.

    ReplyDelete
    Replies
    1. SMART TraderOctober 28, 2014 at 7:56 PM

      Yes. It was a TRAP pattern
      Break of 8020 was a good entry. I hesitated there and had to enter late
      Three attempts to go above 8030 failed and I expected a retest of DO

      ST

      Delete
  3. Trader PaiOctober 28, 2014 at 4:05 PM

    Hi ST,
    My trades

    http://tradingdecisionpoints.blogspot.com/2014/10/blog-post_28.html

    Trade 2:- Took BPB Range high .But instead of placing a SL M order I placed a SL limit order and stopped .Didnt follow the price

    Another thing is that I kept a buy SL limit order between 8020 and 8022 but it got executed at 8018 .
    Any idea why it happened ?


    rgds
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderOctober 28, 2014 at 8:10 PM

      Your IR is not correct. Move from 8010 to 8030 was a single impulse
      All candles made higher highs and higher lows.Dont be too technical about it. take what is very obvious to all the traders.For an entry like BPB such a red bar pull back can be considered.Otherwise we will lose the move

      After triggering price might have fallen. It will be considered as a limit order of 8022. So will get executed at 8018

      ST

      Delete
    2. Trader PaiOctober 28, 2014 at 11:16 PM

      thanks ST

      Delete
  4. rockyOctober 28, 2014 at 4:36 PM

    http://i59.tinypic.com/2vux5pz.png here are my trades. why dont you exit at dogi at 11:06 bar where it tested IR low. please comment on my trades . short at close bloe IRL is valid trade?

    ReplyDelete
    Replies
    1. SMART TraderOctober 28, 2014 at 8:15 PM

      Close below IRL is not a trade signal for me.
      Trade can be a BPB or a BO or a BOF at IRL
      I was expecting a retest of BRN or PDL so did not cover at IRL

      ST

      Delete
  5. amberOctober 29, 2014 at 12:03 AM

    Sir good evening,sir any reason for not going long @ DO bar and from where it was FTC to TP,if reversal would taken place what should be the pattern,kindly update thnx

    ReplyDelete
    Replies
    1. SMART TraderOctober 29, 2014 at 8:52 AM

      I was concerned about 8030 area from where price sold the previous day
      Price did bounce from it

      ST

      Delete
  6. TrekkieOctober 29, 2014 at 9:26 AM

    Good morning ST,
    Only 14 trading days this month, is this the shortest month of the year?

    ReplyDelete
  7. amberOctober 29, 2014 at 10:39 AM

    Sir good morning and thnx

    ReplyDelete
  8. mahesh AOctober 29, 2014 at 1:58 PM

    i have problem of information overload like lot of ebooks,lot of psycological issues to study , whether to go with day trading or positional, Future or options..etc... the list goes on and on ....
    i need to conciosly focused and i need to know what i want and what i need ( i mean knowledge) and keep on learning and progress. anyone help how to get rid of information overload problem?

    ReplyDelete
    Replies
    1. SMART TraderOctober 30, 2014 at 3:39 PM

      You have to find your own thing
      No body can help you.

      ST

      Delete
  9. TrekkieOctober 30, 2014 at 9:25 AM

    Hi ST,
    Could you please post yesterday's chart even if you did not trade? Thanks .

    ReplyDelete
  10. Trader PaiOctober 30, 2014 at 1:10 PM

    Hi ST,
    What happened ..Not online yesterday ?

    rgds
    Kishore

    ReplyDelete

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)