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

Monday, May 25, 2015

25052015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis  
Could not capture any of the moves. Nifty jumped my short order below PDL and did not execute the shorts at IRH and BRN. Did not attempts longs as bias was down

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13 comments:

  1. UnknownMay 25, 2015 at 7:31 PM

    with long bias above 8400 was there a TST long above PLOD 8415 @ 1000 hrs ? the test was slow and swing low break had just failed last time there, break above 8423 would also attract some short covering.

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    1. SMART TraderMay 25, 2015 at 8:25 PM

      Friday afternoon price was trading within 8440-60 and today morning it settled below this range. Price was not able to break above IRH and PDC. So bias remained bearish. A long on TST of PDL is a CT trade and low probability one. Still you could have managed it without loss if taken

      ST

      Delete
  2. xrtrader1May 25, 2015 at 8:35 PM

    Thanks St nice to see your post

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  3. SuMaMay 25, 2015 at 9:57 PM

    Thanks a lot ST. Plz never leave us. Keep posting. It only because of you that I have started earning a little from the market. I was loosing continuously for last many years. But for last 3-4 months I have started making a little money from market. Thanks to you and URD.
    TiZ

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    1. SMART TraderMay 26, 2015 at 10:42 PM

      It takes time to achieve consistent execution. Trade with the Bias
      Most of the people lose attempting CT trades

      ST

      Delete
  4. AHGTraderMay 25, 2015 at 11:05 PM

    Welcome back. It is refreshing to see your post. Thank you for the detailed post.
    The 3rd trade was easier to spot as at that time the bias is very clear.

    When market opens inside a range it gets tricky to figure out what the bias is @ open. Should one take BOF of pLOD or BOF of pDC.

    Thank you again for all your good posts. Appreciate it.

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    1. SMART TraderMay 26, 2015 at 10:32 PM

      I will prefer BOF of PDC. Expect the previous day bias to continue unless proved otherwise

      ST

      Delete
  5. BhavirMay 26, 2015 at 12:04 AM

    Welcome back Sir. I had similar observations today except that attempt to reach BRN was a nice but risky SHORT to take. The upmove from 8360 was in 3 sections (correction) with middle section being a triangle (and achieving A=C targets)

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    1. SMART TraderMay 26, 2015 at 10:34 PM

      Little risky to short at BRN with fluid above

      ST

      Delete
  6. TrekkieMay 26, 2015 at 9:34 AM

    Hi ST,
    Welcome back. You were missed!!

    I have a couple of doubts in today's chart.

    1) At what point did you place the short order below PDL

    2) In my chart PDL was at xx401. If that was the case in your chart would you have still taken the short?

    Thanks a lot.

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    1. SMART TraderMay 26, 2015 at 10:39 PM

      I waited a long time with a sell order at IRH. When price refused to move up after the second TST, entered a short order below PDL
      You can still attempt a short below the range with FTA PDL

      ST

      Delete
  7. VJAYMay 26, 2015 at 11:35 AM

    Welcome back Rajesh....nice to see you again here :)

    ReplyDelete

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