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

Friday, January 2, 2015

02012015


This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
Nifty opened above PDH and moved up 50 points quickly. Went long above BRN as BPB. I was a little hesitant to enter here. I suspected 02012014 to repeat. exactly at a 2000 points above level.Remember 01012014 a 5 point range day.? Finally went long as it was a BO after a three day consolidation.Risk was limited.Trade worked well and trailed . TP near 8450.
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9 comments:

  1. UnknownJanuary 2, 2015 at 3:38 PM

    Hi ST
    Great trade!!
    I recollected the 1 jan 2014 chart yesterday... Made me laugh. I thought u would mention it y'day..
    BTW why u suspected 02012014 chart to repeat??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderJanuary 2, 2015 at 4:56 PM

      I was prepared for such an eventuality. My stop was 8398
      It was a BPB entry. No need to allow another pull back

      ST

      Delete
  2. PA TraderJanuary 2, 2015 at 3:40 PM

    Could not catch the upmove. (Was it spike and channel?) Took a BPB short below RN later in the day, but it did not work.

    ReplyDelete
    Replies
    1. SMART TraderJanuary 2, 2015 at 4:59 PM

      It was a soft grinding move. But was not making clear swings
      Avoid CT trades on Type 1 trend days

      ST

      Delete
  3. xrtrader1January 2, 2015 at 3:46 PM

    Thanks ST. Will be starting this year from Monday.

    ReplyDelete
    Replies
    1. SMART TraderJanuary 2, 2015 at 5:02 PM

      Better take a holiday after Xmas
      Markets are not good for trading during this period

      ST

      Delete
  4. Trader PaiJanuary 2, 2015 at 3:47 PM

    Hi ST,
    http://tradingdecisionpoints.blogspot.in/2015/01/212015.html

    Please comment on my second trade .It was CT but took for Critical Mass .

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderJanuary 2, 2015 at 5:04 PM

      If you try CT on Type 1 trend days, take FTC kind of trades
      You can short near NS BRN when there was no follow up after that big green bar

      ST

      Delete
  5. UnknownJanuary 2, 2015 at 3:48 PM

    Hi ST
    Where would be your SL for the long trade??

    TBP

    ReplyDelete

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