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

Wednesday, February 18, 2015

18022015


This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis
Nifty opened near PDC and moved up. Long at RN  8850 as BPB of PDC .Covered when price failed to move above last day down move high which acted as range high . Short on BOF of range high. Move stopped at IRH and covered the trade there. Missed the up move. Entered late on BPB of BRN/PDH.I expected this  to move well as price moved above PDH. It did not move as expected and stopped out below the pull back low 
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13 comments:

  1. Trader PaiFebruary 18, 2015 at 3:54 PM

    Hi ST,
    Took only one trade
    BOF Range low /IRH where you TP your second trade .
    TP at the same location where you TP your last trade

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderFebruary 18, 2015 at 5:30 PM

      Nice trade
      You did not get shaken out by BOF of BRN

      ST

      Delete
  2. UnknownFebruary 18, 2015 at 4:19 PM

    Hi ST
    You said that you entered late on BPB BRN/PDH. Where would have been an early entry?? BOF IRH/Range low?
    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderFebruary 18, 2015 at 5:27 PM

      The long entry was late. Right entry was at BOF of IRH
      Then also I may exit on BOF of BRN

      ST

      Delete
  3. sqlfixFebruary 18, 2015 at 4:26 PM

    Hello Sir,

    I was waiting for the price to hit the PDL at the opening. How to identify the BPB.

    ReplyDelete
    Replies
    1. SMART TraderFebruary 18, 2015 at 5:25 PM

      Go through all the important posts listed below the blog

      ST

      Delete
    2. BhavirFebruary 18, 2015 at 11:46 PM

      ST - can you please point to which post I should refer for your first trade.
      I still find trading morning ranges very difficult and hesitate. Perhaps because this is one zone where I have taken most losses. Like you have advised me in the past - perhaps the trade I have taken in opening range MAY have worked on other days but I have not had winning experience so far :(

      Delete
    3. BhavirFebruary 19, 2015 at 1:02 AM

      Todays observations at -
      https://niftytradediary.wordpress.com/2015/02/19/18-feb-2015/

      Notice how I have had mixed experiences with opening ranges :(
      https://niftytradediary.wordpress.com/2015/01/30/233/
      https://niftytradediary.wordpress.com/2015/01/29/28-jan-2015/
      https://niftytradediary.wordpress.com/2015/01/23/22-jan-2015/

      Delete
  4. veerFebruary 18, 2015 at 8:23 PM

    Dear ST

    Can the Pivot (H,L & C) / 3 - be considered as DP ? Pls revert back

    Regards,

    Veer

    ReplyDelete
    Replies
    1. SMART TraderFebruary 18, 2015 at 9:30 PM

      I do not use any calculated levels
      I trade markets own levels

      ST

      Delete
  5. TrekkieFebruary 19, 2015 at 9:43 AM

    Hi ST,
    If I may ask this question please...at what time did you place your order for the first trade? Thanks for your help.

    ReplyDelete
    Replies
    1. SMART TraderFebruary 19, 2015 at 4:18 PM

      S Roy/Bhavir

      I entered the order as price moved above the early Flip
      I bet on the first scenario and it worked. aware of what is happening around
      http://screencast.com/t/r8aleITidN

      ST

      Delete
    2. BhavirFebruary 19, 2015 at 11:37 PM

      Thank you very much ST. Make sense, worth the risk
      I think I should continue taking these - in the long run the sum will be favorable.

      Delete

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