tag:blogger.com,1999:blog-441270257889145227.post1568733066905651190..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 15012015SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-441270257889145227.post-50525837420383980962015-01-16T15:52:12.691+05:302015-01-16T15:52:12.691+05:30thanks STthanks STTrader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-67024578314776656772015-01-16T13:41:12.597+05:302015-01-16T13:41:12.597+05:30The only way to avoid this is to wait and find the...The only way to avoid this is to wait and find the exact level that acts as S/R. Buy or sell at the level and keep your stop beyond noise.Pre accept your risk and stay with the trade . Tighten the stop only after price moves in favour a reasonable distance.But psychologically difficult to execute.<br />Today your third trade worked. It can also fail . No guarantee. It is better to pre accept the risk and stay. For that entry should be at the exact level or near. What matters is your ability to identify the levels and the ability to read price action at the level. This will improve if we do it for a long period, I believe<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-7459145971339788832015-01-16T10:07:48.159+05:302015-01-16T10:07:48.159+05:30Sir - any tips on how to manage such times when bi...Sir - any tips on how to manage such times when bias is high and multiple BOF looking signals fail :( [they even made new swing highs enticing me to enter :) ]Bhavirhttps://www.blogger.com/profile/08258148053969052614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-9797501662199873212015-01-16T09:41:18.310+05:302015-01-16T09:41:18.310+05:30awesome, thank you ST.awesome, thank you ST.Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-4801794977834736152015-01-16T09:36:54.684+05:302015-01-16T09:36:54.684+05:30Now price has settled in a lower range. Bias beari...Now price has settled in a lower range. Bias bearish. But Daily still in rally mode<br />Buying likely to emerge as price move down and approach PDL. If price moves above BRN and gets accepted bias will change positive<br /><br />ST<br /><br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-43428576519196338852015-01-16T08:52:24.524+05:302015-01-16T08:52:24.524+05:30No.As of now bias is positive. Down fall was just...No.As of now bias is positive. Down fall was just a correction of the up move<br />Bias will depend on the open. If it gaps down below and gets accepted below BRN bias will change to negative<br />If it opens and climbs above BRN bias will remain bullish as price remains in yesterday closing range 8500-8550<br />Bias depends on whether price is trading in a higher/lower range and the last DP crack<br />A gap down is probable due to global cues<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-66465928721110619762015-01-16T00:40:12.706+05:302015-01-16T00:40:12.706+05:30I was even worse .. took 3 attempts to finally get...I was even worse .. took 3 attempts to finally get it right on such a brilliant trend day :(<br />https://niftytradediary.wordpress.com/2015/01/16/15-jan-2015-were-not-good-enough-to-be-disappointed-were-bad-enough-to-get-to-work/Bhavirhttps://www.blogger.com/profile/08258148053969052614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-28797268313672935452015-01-15T20:14:41.731+05:302015-01-15T20:14:41.731+05:30ST,
Presently the trend is down right ?
thanks n ...ST,<br />Presently the trend is down right ?<br /><br />thanks n rgds<br />KishoreTrader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-47332817255926099562015-01-15T18:31:14.334+05:302015-01-15T18:31:14.334+05:30Thanks.
Do not know how it is going to affect worl...Thanks.<br />Do not know how it is going to affect world markets.<br />No worries at all. No positions and no plans for a Swiss vacation<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-62008348850789157632015-01-15T18:16:51.539+05:302015-01-15T18:16:51.539+05:30Thank you STThank you STTrekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-33247520170173890192015-01-15T18:13:29.818+05:302015-01-15T18:13:29.818+05:30http://www.bloomberg.com/news/2015-01-15/snb-unexp...http://www.bloomberg.com/news/2015-01-15/snb-unexpectedly-gives-up-cap-on-franc-lowers-deposit-rate.html<br />this is the reason for europeathshreehttps://www.blogger.com/profile/06644050584008293009noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-61802079270323660422015-01-15T18:06:08.579+05:302015-01-15T18:06:08.579+05:301.It was a good trade. I too suspected a channel. ...1.It was a good trade. I too suspected a channel. entered after price went flat for half an hour and a small BOF happened<br />2.Nothing wrong with the thoughts. But this will work only when day traders are in control. Here the rally was triggered by fundamental factors and long term players in control. They will buy into all dips<br />3.It was a FTC. FTC can happen at any place. We are betting on critical mass of day traders covering at the fag end. I hesitated because market was not in control of day traders. <br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-54674125884612028892015-01-15T17:57:15.943+05:302015-01-15T17:57:15.943+05:30Channel is a soft trend where price do not respect...Channel is a soft trend where price do not respect flips<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-19174622046109954962015-01-15T17:56:08.604+05:302015-01-15T17:56:08.604+05:30You can enter above 10.54 MC high
STYou can enter above 10.54 MC high<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-31695818371852219602015-01-15T17:51:29.183+05:302015-01-15T17:51:29.183+05:30After such a huge gap up there will always some im...After such a huge gap up there will always some imbalance and fluctuations<br />Signals during these period cannot be trusted fully. Possibility of a stop out is always high<br />Your second trade was short I assume. Stay away and avoid CT trades on a trend day.<br />The problem is that people wont change strategy as per the market situation<br />Trend traders gave back all the money they earned in range bound markets. Range traders lose all the money they earned fading trends. We need to fade the ranges and trail the trends. <br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-28280758756420016022015-01-15T17:38:20.188+05:302015-01-15T17:38:20.188+05:30Thanks ST. I got in above 10:55, was it too late?Thanks ST. I got in above 10:55, was it too late?Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-69826559455234040152015-01-15T17:22:13.646+05:302015-01-15T17:22:13.646+05:30ST,
What is a softtrend and the difference betwee...ST,<br />What is a softtrend and the difference between a soft trend and a channel ?<br /><br />thanks<br />Kishore<br />Trader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-9800955912190909252015-01-15T17:12:48.431+05:302015-01-15T17:12:48.431+05:30It was a soft trend down. I expected the fall to g...It was a soft trend down. I expected the fall to get arrested at NS BRN or BRN<br />I waited till the slide stopped and found a minor BOF after trading flat for half an hour<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-15064257501621278742015-01-15T17:01:05.735+05:302015-01-15T17:01:05.735+05:30Swiss franc is appreciating against all currencies...Swiss franc is appreciating against all currencies. <br />Swiss shares have fallen 10 % and entire Europe is in red<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-38549639439769151812015-01-15T16:20:09.978+05:302015-01-15T16:20:09.978+05:30Hi ST,
Check out a EURCHF chart online.A big fall...Hi ST,<br /><br />Check out a EURCHF chart online.A big falltRaDeR_Bhttps://www.blogger.com/profile/15288479217985745103noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-80586584831693302762015-01-15T16:08:31.467+05:302015-01-15T16:08:31.467+05:30Hi ST,
The place where you took long looked to me ...Hi ST,<br />The place where you took long looked to me as a channel .<br />And why didn't you take BOF IRL long before your entry .<br />I took a BOF long around 10 o'clock and got stopped out <br /><br />thanks n rgds<br />Kishore Trader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-10637745975510744292015-01-15T16:04:15.093+05:302015-01-15T16:04:15.093+05:30Sir,
1.) First long I missed as I felt a channel...Sir,<br /><br />1.) First long I missed as I felt a channel was forming... But I did take long above DO and exited at BRN,.<br /><br />2.) I took short where you exited (below 8500) in your first trade. I knew trend was clear up but I considered two factors for short.. First, price got immediately rejected from this level in day's opening bar itself which suggest heavy resistance here... Second, as many people were long from day low, I thought this will provide enough order flow to send price down at least upto level where you marked DO.<br />Please suggest where was I wrong.<br /><br />3.) You said you missed final quick fall.. But you have mentioned various times earlier on also that you don't initiate trade on round numbers unless they coincide with some DP or range extremes .? Am I missing something here ?<br /><br />Thanks and Regards,<br /><br />Anonymoushttps://www.blogger.com/profile/06918444916066047137noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-13842673755446929192015-01-15T15:58:53.928+05:302015-01-15T15:58:53.928+05:30Hi Rajesh,
I took an entry at 10 am on 3rd candle,...Hi Rajesh,<br />I took an entry at 10 am on 3rd candle, thinking that this is the range extreme. Market soon went further down, I scratched the trade. What was wrong with my entry and thought process. Also, I took 2nd trade where you took and TP at 50 points. Please guide<br />Homer_23https://www.blogger.com/profile/05622592065278972396noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-5351961146413681752015-01-15T15:46:04.463+05:302015-01-15T15:46:04.463+05:30On a trend day use all the signals to board the tr...On a trend day use all the signals to board the train<br />You can buy at 8500 with a SL at 8490<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-42977044279710654572015-01-15T15:45:22.685+05:302015-01-15T15:45:22.685+05:30Thanks ST..Thanks ST..xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.com