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

Wednesday, December 10, 2014

10122014

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis
Most of the time price traded within yesterdays closing BW range. All the attempts to break this range failed. No trades today. Did not take the BO PP of range high
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18 comments:

  1. xrtrader1December 10, 2014 at 3:46 PM

    Thanks ST..

    ReplyDelete
  2. Price Action LabDecember 10, 2014 at 3:46 PM

    HI ST,

    Very tough day for me, please review my trades
    http://www.screencast.com/t/58JCRcM7KYni

    ReplyDelete
    Replies
    1. SMART TraderDecember 10, 2014 at 4:27 PM

      TRAP was a good observation. If you waited through another pull back, it was a 30 point trade
      Always trade away from DPs and not into it. Ensure space

      ST

      Delete
    2. BharatDecember 10, 2014 at 4:40 PM

      ST,

      Where was the trend to take the trap trade wher he specified entry.? we had yesterdays close near by and we were in the middle of the range. still would we attempt it?

      Thanks and Regards

      Bharat

      Delete
    3. SMART TraderDecember 10, 2014 at 5:09 PM

      I did not tell it was tradeable.
      I only acknowledged that he observed the pattern. I am against trading into many strong levels
      All the patterns are not tradeable

      ST

      Delete
    4. DMDecember 13, 2014 at 7:30 AM

      I think TRAP is being used interchangeably with BOF here.

      Delete
    5. SMART TraderDecember 13, 2014 at 11:34 AM

      Yes . it is a BOF of IRL

      ST

      Delete
  3. UnknownDecember 10, 2014 at 3:48 PM

    Hi ST

    How could you avoid taking a long trade above BRN 8400 on LOL BOFs??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderDecember 10, 2014 at 4:29 PM

      My entry order was above BW. It did not trigger

      ST

      Delete
  4. AnonymousDecember 10, 2014 at 5:25 PM

    After 2 days fall of over 200 points, I was expecting a range day and some short covering. Given the presence of strong support level @ 8380; I was observing the markets range to be IRL and yesterdays swing high i.e. PDL, PDC loosing significance. Certainly LOL in action today.

    https://niftytradediary.files.wordpress.com/2014/12/08dec2014-swing-chart1.png

    Will share my observations later today. Could capture BOF of BRN in the first session.

    ReplyDelete
    Replies
    1. BhavirDecember 10, 2014 at 11:17 PM

      Few days ago we were having this discussion about applicability of the research analyst rules to blogs ..
      Pg. 3 of attached clarifies that this is not applicable to this blog or similar other decision point blogs.

      http://www.sebi.gov.in/cms/sebi_data/attachdocs/1418122025732.pdf

      Infact not applicable for anyone commenting on indices in general.

      Delete
    2. BhavirDecember 11, 2014 at 1:05 AM

      My observations at -
      http://niftytradediary.wordpress.com/2014/12/11/10-dec-2014/

      Delete
  5. TrekkieDecember 10, 2014 at 8:19 PM

    Hi ST,
    I think I have lost my mind (lol) I am seeing entries everywhere these days. After BOF of BRN and PDC, price was congesting for about 45 mins at PDL, and I took a short there, please tell me all the reasons why it was totally wrong. I also took the PP at BRN above 11:39. and scratched it. Thanks for your help.


    ReplyDelete
    Replies
    1. SMART TraderDecember 10, 2014 at 8:45 PM

      Take a break. Shut down the stock market for some days
      Enjoy yourself and come back in the new year with a fresh mind

      ST

      Delete
    2. TrekkieDecember 11, 2014 at 9:07 AM

      OK ST. Thanks.

      Delete
    3. Vikram Bahadur SinghDecember 11, 2014 at 10:17 AM

      S Roy,

      please get in touch with me.. maybe I can be of some help to you...

      Thanks

      Delete
    4. TrekkieDecember 11, 2014 at 1:58 PM

      Hi Reso,
      Thanks so much, I sincerely appreciate the offer to help. I do think though, I will have to wage this battle alone. ST has taught me a beautiful system and thanks ST for all the effort in coaching me. Its the execution where I am failing and this can be overcome only between the chart, myself and my mind :D Thanks again very much Reso.

      Delete
    5. Vikram Bahadur SinghDecember 11, 2014 at 7:25 PM

      Hi S Roy,

      No Problem. DP method is the best method for intraday trading I have seen. I wish you good luck in your journey.

      -Reso

      Delete

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