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

Monday, June 15, 2015

15062015


This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
Nifty opened within previous day range and moved up. Missed the up move. Fall was also fast. Missed it also. Attempted a late short and got  stopped out. Long on the next BOF of PDH,PDC,BRN.Could not capture the full move . Shaken out at 8019. Attempted a short when price fell back into the range. This trade also exited early. No other trades
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10 comments:

  1. xrtrader1June 15, 2015 at 5:28 PM

    Thanks ST,
    for Second trade, can this be traded bit early as FTC. Considering it was 2nd wave. Short below RN, considering Pivot as MSP ?

    ReplyDelete
    Replies
    1. SMART TraderJune 15, 2015 at 6:18 PM

      Yes
      After running 80+ points, It was an FTC. One can try a short below RN with SL at 60
      You will identify many such trades. But psychologically it is very difficult to execute

      ST

      Delete
    2. xrtrader1June 15, 2015 at 6:33 PM

      Thanks ST. What factor you consider for trade to be psychologically soothing? For me every trade is nerving :)

      Delete
    3. SMART TraderJune 15, 2015 at 7:02 PM

      BO trades and TST trades are relatively easier to execute. You will be able to decide the entry point and SL well in advance
      ST

      Delete
  2. TrekkieJune 15, 2015 at 6:10 PM

    Thank you ST

    ReplyDelete
  3. zenJune 15, 2015 at 6:30 PM

    Thank you for the update

    ReplyDelete
  4. UnknownJune 15, 2015 at 7:07 PM

    I took 1209 hr long as break below 8005 failed, was stopped out, could you please share your views on that trade.

    ReplyDelete
    Replies
    1. SMART TraderJune 15, 2015 at 9:40 PM

      Trade acceptance and rejection of DPs.
      Price was getting support at BRN-NS BRN zone and not at 8005

      ST

      Delete
  5. BhavirJune 16, 2015 at 12:32 AM

    Nice trades sir. In the first short trade I thought IRH could support. Anyways I could understand the down move as had long bias after the sharp initial upmove.
    I had similar observations today.
    https://niftytradediary.wordpress.com/2015/06/16/15-june-2015/

    ReplyDelete
    Replies
    1. SMART TraderJune 16, 2015 at 4:06 PM

      My first short was not a good one. Bias was still bullish. Price above PDC and DO
      Price never got accepted below PDC

      ST

      Delete

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