Hi ST,I took BOF PDL Long in the End but failedPlease advisethanks Kishore
Why trading into a strong flip of BW range. That too CTwhere positional unwinding is going onThe area was too congested with PDL, NS RN, RN and BW range flipST
And I was looking for Long rather than short in the are where you marked PPthanksKishore
I will long if a BOF happened at BW range low. No guarantee that a PP can work. I will prefer a TST at range high to shortST
are this chart on 3 min timeframe
ST SIr,Thanks for the Chart.Sir, Barbed wire (short height swing range?), FLUID, PP means ? Thanks,Neethi
All these are well explained in separate postsGo through all the important posts listed below the blogST
sure, thanks sir.Neethi
Sir good evening and thnx for the update
Hi ST,Have a great time on your vacation.Today was one of the simplest and most profitable days. Made 167 points in 3 trades :)http://2.bp.blogspot.com/-0i1QniVJ3Hg/VMuN-jFH_pI/AAAAAAAAblE/cYjwl6jHHjI/s800/20150130.PNG- TSR
Made 167 points!!!where are your exits?
Hi ST, Thanks!Hi Dhatta, Mine is a semi automated trading system. All entries and exits are SL triggers. I book 50% profit at the first target and rest is trailed. The previous entry/target becomes my SL. The rules defined in my system are quite complex and include entry scaling as well as profit scaling. I'm still tweaking my system. :)
Sir how it can be known about this positional unwinding is going on,kindly update thnx
Market is already over extended and due for a correction. once a gap up fails and price fails to reverse on gap closure week longs will start exitingST
just finished book by lance beggs many things are clear now...................
Sir good morning and thnx
sir from last one confusion in some things like BOmonths i am watching your trades i some what understand your method it works very well.There is some F/TST/BW/BPB i read your book but my confusion is not cleared.PL HELP.
Go through all the important posts listed below the blogST
Vinayak, check the glossary at the bottom of the page.
Hi ST,I am not sure if you will reply this, but this is important:See around 10:45 the price is stalling at PDH with long legged bars. Do you see this as an area to make TST entry?
Do not attempt CT TST trades without confirmation. Wait for multiple tests to fail Other wise wait for a BOF to happen to go long. Or wait for the break of that MC within which NF traded for 20 minutesTST trades are blind trades. When in doubt stay out. If you feel the level will hold go long near to 8950 area and risk 5-6 points. Many such trades will fail and there are no certainties in tradingST
BTW, would like to mention here, there is a mismatch in the chart. Previous day's chart is of Jan series and current day's chart is of Feb Series. So there is a mismatch PDH and PDC. The Feb series chart would be like this using exchange data.http://1.bp.blogspot.com/-PALLNeSBQT8/VM0dZfCmh7I/AAAAAAAAblY/5uNMaoUWZ_s/s800/Nifty-Feb.PNG
I used continuous current month contract chart.First day there will be a gap up due to premium factorI have tried both type of charts with the method. I think most of the professionals trade continuous charts because I felt market responds to these levels betterST
Hi ST.Hope you are having a great trip!!! I made many mistakes yesterday. One of them was taking a long above 10:39. My logic was like this:a) the breakdown of 9:57 low of congestion (marked with red circle) did not look genuine and convincing.b) PDH, PDC and RN were below and price looked like it was getting support there. Please correct my thinking. You said this was a CT trade, it was below 9000, but above PDH, daily in rally, would it still be a CT trade? Was it CT because it was below the previous high of 28th Jan? Thanks for your help.
ST,Forgot to give this chart. I looked at it like this long...http://imagizer.imageshack.com/img537/1159/0sFweH.png Thanks for your help
I am posting a 10 minute chart to understand the big picturehttp://screencast.com/t/wLKKqKOZST
Thank you ST. http://imagizer.imageshack.com/img631/7157/0UAfoX.png
Rajesh,I presume you today top down analysis before the market begins.Please correct me if I am wrong.Thanks as usual for the excellent analysis !With Kind Regards,
Markets cannot be traded without knowing the big pictureespecially when price trades outside the previous day rangeST
Already missing your acute market observations master :)
can u or anyone suggest me some books or blogs or websites about1 risk and money managament2 trading pshycology
Its all about work....President Barack Obama was asked...“When is the time you felt most broken?” Pres Obama's response:“I first ran for Congress in 1999, and I got beat. I just got whooped. I had been in the state legislature for a long time, I was in the minority party, I wasn’t getting a lot done, and I was away from my family and putting a lot of strain on Michelle. Then for me to run and lose that bad, I was thinking maybe this isn’t what I was cut out to do. I was forty years old, and I’d invested a lot of time and effort into something that didn’t seem to be working. But the thing that got me through that moment, and any other time that I’ve felt stuck, is to remind myself that it’s about the work. Because if you’re worrying about yourself—if you’re thinking: ‘Am I succeeding? Am I in the right position? Am I being appreciated?’ --- then you’re going to end up feeling frustrated and stuck. But if you can keep it about the work, you’ll always have a path. There’s always something to be done.”
Hi ST,waiting for your updates :) ........rgdsKishore
Hi ST,Eagerly waiting for your charts.
Sir, Its 10th Feb now. Plz start blogging fast........ missing ur analysis
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