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

Friday, June 19, 2015

19062015

Nifty gaped up above PDH. IR formed. Long on BPB of BRN. TP on FTC above 8220.Another long on BOF of BRN moved up breaking the early high. TP when price stalled at NS RN. Market appears to be  very bullish. Every dip is being bought. Stay with the bias.

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16 comments:

  1. xrtrader1June 19, 2015 at 4:22 PM

    Thanks St.....

    ReplyDelete
  2. TrekkieJune 19, 2015 at 5:41 PM

    thanks a lot ST.

    ReplyDelete
  3. UnknownJune 19, 2015 at 6:59 PM

    I too took same trades. I found these slow grinding upmoves difficult to manage in the way that i was expecting big move to come and actual moves were very slow, so felt uncomfortable. What was your expectation of move after both these trades ?

    ReplyDelete
    Replies
    1. SMART TraderJune 21, 2015 at 11:01 AM

      That is why trading is so difficult.
      Market will trend and balance. Volatility will expand and shrink
      Different signals will be there in different time frames. Conflicting signals will confuse the trader
      It is all part of the game. Never expect clarity. Only ambiguity and confusion for ever

      ST

      Delete
  4. sentu shilJune 19, 2015 at 7:05 PM

    sir,
    i trade on individual stock following ur method, may be u can recognise me.sir now i want to increase my lot size.as i trade on midcap stock (ts,tm,yesbk,lichsg,axisbk,canbk,rcap,rinf ect) do i need to take any extra precaution for that. if needed what are they.Now i trade on single lot.Any single time not more than 3 stock.
    Thank u .
    sentu

    ReplyDelete
  5. AnonymousJune 19, 2015 at 8:00 PM

    Hi ST - was it your long bias which made you avoid the BPB of BRN short trade. BRN acted like a flip zone just before 1PM, isn't it?

    ReplyDelete
    Replies
    1. SMART TraderJune 21, 2015 at 11:11 AM

      Bias was bullish and shorts were low probability trades with DO/LOD/PDH to be broken.
      Look for shorts at range high if bias is bullish. Buy low and sell high

      ST

      Delete
  6. Lazy Trader 8June 19, 2015 at 8:07 PM

    ST,

    Did you confirm the BOF when the price crossed the high of the candle which tried to break below? Still have confusion identifying the rejection candles. It appears that the intraday trend determination steals all the weight-age.

    Can you please detail a bit more on the bias determination, and also eagerly awaiting your post on identification of DP rejection

    ReplyDelete
    Replies
    1. SMART TraderJune 21, 2015 at 11:38 AM

      Market Bias is the most important variable. Even powerful BOF trades against bias wont move much
      Always there will be conflicting signals. Market bias is positive when
      1.Price trading above PDC
      2.Price trading above DO
      3.Daily in Rally mode.
      4.Initial move after open is up.
      5.Price breaks above a DP and get accepted
      6.Price trading above MSP.
      As a thumb rule expect market to move in the direction of Daily. Expect move against Daily to fizzle out fast at a strong barrier. Notice 15,16,17 and 19 charts. All CT moves terminated on BOF at strong levels trapping shorts and reversed.In between you can short on exhaustion but don't expect home runs.Best opportunities arise when CT moves terminate at strong levels

      ST

      Delete
    2. Lazy Trader 8June 23, 2015 at 9:21 AM

      Nothing could have been precise than this. Thanks ST!

      Delete
  7. tRaDeR_BJune 19, 2015 at 10:23 PM

    Hi ST,

    Weekend read

    http://www.moneylife.in/article/blowing-the-whistle-on-manipulation-in-nse/42337.html

    ReplyDelete
  8. TrekkieJune 21, 2015 at 9:30 AM

    Hi ST,
    For the second long, I was thinking there was a flip (green line http://images.devs-on.net/Image/Jub2j9WNAufEdo0c-Region.png) and so I decided not to take that trade. PLease correct my thinking. Thanks

    ReplyDelete
    Replies
    1. SMART TraderJune 21, 2015 at 12:02 PM

      For every range there will be a mid point where price can stall.
      A range is an area between Buy and Sell points. The mid line will be a balance area and price has a tendency to hang around. After a BOF expect this area to break and a trend trade always breaks insignificant barriers

      ST

      Delete
    2. TrekkieJune 21, 2015 at 5:41 PM

      Thanks so much ST.

      Delete

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