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

Wednesday, April 22, 2015

22042015


Nifty opened near PDC and moved up. Got rejected from RN and fell. Long on BOF of BRN which failed to move beyond NS RN. Short on BPB of PDL which moved well. Price refused to go below NS BRN 8300 and bounced back.Could not capture the up move. Order above BRN 8400 did not trigger.

10 comments:

  1. SIRJI
    nise trades ,what does mean by ns?

    ReplyDelete
  2. Dear ST,
    What is the PAT for your second trade need to consider BOF of PDL ?.
    Please let me know where to enter below BOF crude oil. Before final two candles I thout it is TST and enter above doji is it valid?.
    https://www.tradingview.com/x/ivkks3MI/

    Thank you,
    Nag.

    ReplyDelete
    Replies
    1. I am not familiar with crude
      But I think it is OK to go long on BOF of PDL
      It looks like a LOL with a major flip and PDL

      ST

      Delete
    2. Thanks ST,
      I didn't identified it is a major flip until you told.

      Delete
  3. ST,
    What was your trigger and entry price for the 2nd trade? Price jumped my order.
    Thx,
    DM

    ReplyDelete
    Replies
    1. Entered with a SL M order. It slipped a lot. Filled at 8366

      ST

      Delete
  4. Hi ST,

    what was your fixed target on Your First trade. because DO,PDC and NS BRN is 22 points from your entry.

    Also because your were long that made you to not to go short immediately at BOF of 8425 (DO/PDL/NS BRN).

    Please share your thoughts

    Thanks,
    Aristatle.S

    ReplyDelete
    Replies
    1. My expectation was a range between BRN and HOD-RN for a while.
      So I hesitated to enter in the middle zone.

      ST

      Delete

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