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

Monday, January 19, 2015

19012015


This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
Nifty gaped up above PDH. Avoided long on IRH break as it was a outside trend gap. Tried two long trades . First one BOF of IRL failed to move. Got stopped out. BOF of PDH /IRL moved to the target HOD. I was shaken out before that.
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16 comments:

  1. xrtrader1January 19, 2015 at 5:26 PM

    Thanks ST..

    ReplyDelete
  2. Homer_23January 19, 2015 at 6:38 PM

    Hi Rajesh,
    1. How do we know that it is not good to enter an outside trend gap.
    2. What are the signs you look for to avoid trading long above IRH on days like today.

    ReplyDelete
    Replies
    1. SMART TraderJanuary 19, 2015 at 10:23 PM

      1.Just an observation after going through a thousand charts
      http://niftynirvana.blogspot.in/2012/08/gaps.html
      2.I avoid IR BO if I feel it is not going to be a trend day.I attempt it if I feel market is going to trend
      http://niftynirvana.blogspot.in/2013/05/trend-days.html

      ST

      Delete
    2. Homer_23January 19, 2015 at 10:51 PM

      thank you Sir

      Delete
    3. TrekkieJanuary 20, 2015 at 9:29 AM

      Thank you ST. Wow! 1000 charts, 3 years worth of charts. No wonder you are a successful trader!!. I cant even sit through 2 months of charts. Thanks so much for sharing with us all that knowledge gained through your hard work.

      Delete
    4. SMART TraderJanuary 20, 2015 at 11:01 AM

      1000 chart is an under estimation. This blog itself have around 750 charts
      I started my day trading journey at least 3 years before that without any clue

      ST

      Delete
    5. TrekkieJanuary 20, 2015 at 1:42 PM

      Awesome! You have systematically studied the charts unlike many of us, thanks again for sharing and coaching ST.

      Delete
  3. TrekkieJanuary 19, 2015 at 6:57 PM

    Thank you ST.

    ReplyDelete
  4. Trader PaiJanuary 19, 2015 at 6:58 PM

    Thanks
    I took the BPB long in the morning owing to Uptrend continuation


    rgds
    Kishore

    ReplyDelete
  5. UnknownJanuary 19, 2015 at 7:00 PM

    Hi ST, I am a silent follower of your blog since a considerable time. Would you pl elaborate the remark-avoided long on break of IRH as it was an outside trend gap. Thanks.

    ReplyDelete
    Replies
    1. SMART TraderJanuary 19, 2015 at 10:29 PM

      An outside trend gap will stall at the near barrier and consolidate, generally
      http://niftynirvana.blogspot.in/2012/08/gaps.html

      ST

      Delete
    2. UnknownJanuary 20, 2015 at 9:40 AM

      Thanks

      Delete
  6. AnonymousJanuary 20, 2015 at 12:23 PM

    Hi ST,

    The Nifty premium is around 15 recently, as DP traders is there anything that we should keep mind when the premium changes?

    Thanks
    BS Chandran

    ReplyDelete
    Replies
    1. SMART TraderJanuary 21, 2015 at 3:28 PM

      Do not worry about premium
      Monitor NS RN and BRN

      ST

      Delete
  7. UnknownJanuary 21, 2015 at 2:48 PM

    hi,
    it will be helpfull if u write a post of ur view or opinion or how u do the below concepts
    1 risk and money management
    2 position sizing( increasing or decreases based on probability of the trade signal)

    ReplyDelete
    Replies
    1. SMART TraderJanuary 21, 2015 at 3:29 PM

      Will do soon
      Little busy with some domestic work

      ST

      Delete

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