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

Wednesday, November 12, 2014

12112014


Nifty gaped up above PDH and BRN. long on the BPB of PDH. Expected an explosive up move as Nifty was breaking out of a very long period range. TP when price failed to move above RN 8450. Expected a range within the last impulse. Long trade of range low BOF ended as a scratch. No other trades.
Posted by at

28 comments:

  1. ArvindNovember 12, 2014 at 3:42 PM

    Hi Sir,
    My trades.
    http://screencast.com/t/BjVf3gfZ0

    What went wrong in my second trade?

    Thanks
    Arvind

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 3:51 PM

      Last impulse may act as a range. Direct BO of MSP will fail many times

      ST

      Delete
  2. Trader PaiNovember 12, 2014 at 3:52 PM

    Hi ST,

    My trades
    http://tradingdecisionpoints.blogspot.com/2014/11/12-nov-2014-took-2-trades.html

    Reached weekly loss limit ..Wont be trading for the next two days

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 4:51 PM

      How you missed BPB of PDH. Risk was very low
      Second one why you did not exit below the swing low

      ST

      Delete
    2. Trader PaiNovember 12, 2014 at 5:01 PM

      Hi ST,
      I waited for a BPB ATH .For the last days it gave BPB BRN but ATH resisted .So hesitated to enter and then NS BRN was also near .
      I am not to see a swing low there .Can you please let me know the swing low bar .

      thanks
      Kishore

      Delete
    3. TrekkieNovember 12, 2014 at 10:22 PM

      Hi ST,
      I too was thinking like Trader Pai for the first trade - same entry and exit.

      Delete
  3. UnknownNovember 12, 2014 at 3:57 PM

    Hi ST
    Thanks for the chart.
    Are you expecting today's high as the high for the series as well??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 4:56 PM

      Break below 8400 may take nifty to 8200 the lower flip
      There is no momentum to the upside

      ST

      Delete
  4. NPA TraderNovember 12, 2014 at 4:00 PM

    There was a flip at 8438.50. 13.03 and 13.06 candles rejected there. can we take it as a BOF short? asking because it is not a dp. but my thought was a good level to short.

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 5:03 PM

      Expectation is that last impulse will act as a range.
      Price was making HH/HL and moving up the fluid
      Then where to short. Below swing low means not much space
      A BOF at RN can be a better opportunity

      ST

      Delete
  5. L.V.GandhiNovember 12, 2014 at 4:27 PM

    At 9:39, 9:51 and 10:00, it attempted NS BRN and came back. What was your thought process, not to exit trade after these candles?
    Further it came below NS BRN again 10:48. Then also you did not exit. May I know your thought process in this case also.

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 5:13 PM

      I was expecting an explosive move up after the break of 8400
      We were breaking out of a range that held from 03112014
      Yesterday I had written about it as I felt a range break is long overdue
      Further it never broke swing lows there. NS BRN is an approximation. We cant trade the levels like a DP

      ST

      Delete
    2. L.V.GandhiNovember 12, 2014 at 7:29 PM

      Thank You.

      Delete
  6. UnknownNovember 12, 2014 at 4:29 PM

    Hyi ST,

    Have started following your DP trading. I feel there are a lot of people like me who are new and trying to learn your DP method, who would want to discuss trading opportunities in live market.
    Would it be possible for you to create a group in some messenger so that every trader who is trying to learn can benefit from it ?
    I am a full time trader and my email ID is varun.kakkar1512@gmail.com. and i would request all fellow traders like me who are trying to learn this method to get in touch with me on hangout so that we can discuss trading opportunities in live market and learn.

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 5:33 PM

      A live discussion is not going to help anybody.
      It may become a crutch and your personal development will get hurt
      There was a live chat sometimes back and was closed as it created confusion rather than clarity
      http://onlyniftyy.blogspot.in/

      ST

      Delete
    2. UnknownNovember 12, 2014 at 5:55 PM

      Thanks for replying ST,

      From tomorrow onwards i would be using that link for live chat and i request all the fellow traders to come there those who would like to discuss all the trading opportunities in live market so that we can try to learn and help each other out in case of confusion.

      Delete
    3. Vikram Bahadur SinghNovember 12, 2014 at 7:56 PM

      Live chat is available on my blog (resotrading.blogspot.com)... if you or other DP traders want to discuss ST Sir's method during live trading hours, please feel free to use it.

      Delete
    4. Vikram Bahadur SinghNovember 12, 2014 at 9:13 PM

      Forgot to add - since it is private blog, please email at resotrading@gmail.com if you need acess.

      Delete
  7. Trader PaiNovember 12, 2014 at 4:38 PM

    Hi ST,
    Why didnt you consider NS BRN for your second trade ?
    And Why no Long as BOF ATH and touch PDH in the end

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 5:20 PM

      Trend has already turned down
      Why should one go for a 10 point CT trade through a lot of congestion?
      ATH is a prominent level on the up move. Here it is just a flip
      It was just a TST at PDH

      ST

      Delete
    2. Trader PaiNovember 12, 2014 at 5:28 PM

      thanks ST

      Delete
    3. TrekkieNovember 13, 2014 at 9:08 AM

      Hi ST,
      one doubt. What was the reason you did not consider NS BRN while taking the first trade?

      Delete
    4. SMART TraderNovember 13, 2014 at 10:15 AM

      Read reply to L V Gandhi

      ST

      Delete
    5. TrekkieNovember 13, 2014 at 10:24 AM

      Thank you ST. Is it better to look at NSBRN as an extra tool when Nifty is directionless and not when there is clear direction?

      Delete
  8. Trader PaiNovember 12, 2014 at 5:05 PM

    Hi ST,
    Where was your physical and mental stops for your first trade ?
    Was it direct exit below swing low below RN ?

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderNovember 12, 2014 at 5:26 PM

      My physical stop was below that swing high
      NF rarely moves more than 50 points without some consolidation
      it moved from 8400-8450 approximately and I tightened the stop

      ST

      Delete
  9. TrekkieNovember 13, 2014 at 2:57 PM

    Hi ST,
    Would you say 2:39 is an electric fence touching bar? :)

    ReplyDelete
    Replies
    1. SMART TraderNovember 13, 2014 at 5:50 PM

      Strong levels with resting orders will behave like that

      ST

      Delete

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

Subscribe to: Post Comments (Atom)