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

Thursday, June 11, 2015

11062015

Nifty gaped up above PDH and got rejected. Missed the short there. Could have shorted aiming for a gap closure move through the Fluid. Never thought it will break the three strong levels. PDC, Flip and BRN. Short on BPB of BRN and could hold all the way to 8000. Another short at MSP which was also NS RN also worked well. Closed when it bounced from 8000. Bounce was short lived and a TRAP pattern gave another short signal. Could not capture this

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14 comments:

  1. BharatJune 11, 2015 at 5:11 PM

    ST,
    Why not exited second short above swing high 13.03. it was loosing momentum while falling and ph break..

    Regards

    Bharat

    ReplyDelete
    Replies
    1. SMART TraderJune 11, 2015 at 6:04 PM

      Price was attempting a BW around PDL.
      I expected this to continue for some time. Price was not able to climb above this mid point
      During the first trade price bounced from PDL . I waited for a pullback so that I could bag 20 more points

      ST

      Delete
    2. BharatJune 11, 2015 at 8:15 PM

      ST,

      How do we know that its going for barbwire and not reversal at pdl when the swing high of down move breaks out?

      Regards
      Bharat

      Delete
    3. SMART TraderJune 11, 2015 at 9:38 PM

      http://screencast.com/t/bIq7rUHb9uy

      ST

      Delete
    4. xrtrader1June 12, 2015 at 8:53 AM

      Thanks ST.

      Delete
    5. BharatJune 12, 2015 at 3:38 PM

      Thanks ST,

      should we not trail also to mid point?

      Bharat

      Delete
  2. xrtrader1June 11, 2015 at 5:14 PM

    Thanks ST. question: Was there a long trade at the point of 2nd Trade TP. Near 8000

    ReplyDelete
    Replies
    1. SMART TraderJune 11, 2015 at 5:55 PM

      Yes. Escaped it as I was riding short.
      Most of us will get trapped there

      ST

      Delete
  3. TrekkieJune 11, 2015 at 6:26 PM

    Thank you ST.

    ReplyDelete
  4. rajievvJune 11, 2015 at 9:02 PM

    ST how to calculate MSP?

    ReplyDelete
    Replies
    1. SMART TraderJune 11, 2015 at 9:20 PM

      Read all the important posts
      http://niftynirvana.blogspot.in/2012/12/major-swing-pivots.html

      ST

      Delete
    2. rajievvJune 11, 2015 at 9:23 PM

      thanks st

      Delete
  5. UnknownJune 11, 2015 at 9:58 PM

    Can you explain orderflow analysis of TRAP around 1400 hrs, where the buyers would be proven wrong and what can be good point to enter ?

    ReplyDelete
  6. TrekkieJune 15, 2015 at 4:14 PM

    ST, please post today's chart even if you didnt trade. Thanks so much.

    ReplyDelete

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