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

Saturday, February 21, 2015

20022015


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 sold. Supported at BRN and gave a bounce. Short the break below BRN. Covered when price moved above RN. Price settled above RN and consolidated between RN and NS RN. Missed the up move to BRN. Another short on BOF of BRN. This did not work . Scratched. Market became too volatile and did not have the confidence to take the other signals
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13 comments:

  1. tRaDeR_BFebruary 21, 2015 at 11:53 AM

    Hi ST

    The date you have mentioned in the post is wrong.

    ReplyDelete
  2. NeethiFebruary 21, 2015 at 11:58 AM

    Dear ST sir,

    Thanks for the chart,
    heading date has to be changed to 20022015

    Neethi

    ReplyDelete
    Replies
    1. SMART TraderFebruary 21, 2015 at 12:14 PM

      Sorry.Corrected in the heading
      Cant do it in the picture

      ST

      Delete
    2. NeethiFebruary 21, 2015 at 12:48 PM

      Sure no prb sir.

      small doubt about Critical mass (happened on 19022015)
      is that the Critical mass happens after the price moved (approx 40 - 100 points) down/up within short period ?
      I agreed the point Critical mass may / may not happen after an unexpected fall/up movement. just to know the chance of where/when the CM can happen ?

      Thanks,
      Neethi

      Delete
    3. SMART TraderFebruary 21, 2015 at 1:56 PM

      http://niftynirvana.blogspot.in/2012/03/trouble-areas_14.html
      Type C moves gets a lot of traders get positioned in a specific direction

      ST

      Delete
    4. NeethiFebruary 21, 2015 at 11:57 PM

      Thanks sir.

      Delete
  3. shub11February 21, 2015 at 12:45 PM

    What were your thought in the first trade, a large number of times I have seen such break if initial ranges fail...

    I have stopped trading the initial range break due to this reason...please help...

    ReplyDelete
    Replies
    1. SMART TraderFebruary 21, 2015 at 2:01 PM

      Aware of the big picture. Again BOF of BRN happened
      Read yesterdays comments. Here is the chart I posted yesterday
      http://screencast.com/t/uTO7YKpr57

      ST

      Delete
  4. BhavirFebruary 21, 2015 at 1:00 PM

    Agreed sir ... very volatile and choppy session
    Thanks for sharing and educating as always.

    ReplyDelete
    Replies
    1. SMART TraderFebruary 21, 2015 at 2:03 PM

      Look for trades at structural edges and extremes. Chop will only be inside it

      ST

      Delete
  5. SpacemanSpiffFebruary 21, 2015 at 1:45 PM

    http://adamhgrimes.com/blog/markets-go-wild/
    The range compression became clear after BOF failed to move, perhaps it may have given little more confidence that next BOF might move even though earlier one didnt.

    ReplyDelete
  6. TrekkieFebruary 23, 2015 at 9:26 AM

    Goodmorning ST. I have a 95 point first bar today. Could you please post your chart if it is different for you? Thanks.

    ReplyDelete

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