tag:blogger.com,1999:blog-441270257889145227.post3910701250619069358..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 27082014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-441270257889145227.post-53376841406854336162014-08-27T21:17:21.847+05:302014-08-27T21:17:21.847+05:30All I want to say is "thank you ST Sir"....All I want to say is "thank you ST Sir". Your daily updates help us very much. SuMahttps://www.blogger.com/profile/06046060730477404670noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-78965499366237794392014-08-27T20:27:05.041+05:302014-08-27T20:27:05.041+05:30Thank you very much for clarifying.Thank you very much for clarifying.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-4409022024231190892014-08-27T19:59:40.408+05:302014-08-27T19:59:40.408+05:30LVG
Sometimes less space is an advantage in case ...LVG<br /><br />Sometimes less space is an advantage in case of tight trading ranges.<br />Today it was just a TST at IRH.So I missed the trade. A BOF at IRH will push down the price to IRL and trigger the stops below IRL setting a chain reaction. This is what happened when price fell today.There was no follow up selling other than stop triggering. So it bounced back from PDH<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-32113093202370704312014-08-27T19:41:59.341+05:302014-08-27T19:41:59.341+05:30Thank you very much.
Purpose of my question was B...Thank you very much.<br />Purpose of my question was BOF of IRH was having a space of only 6 to 7 points below 14:36 candle. Below IRL, there was more than 12 points to PDH. Hence I wanted to know your thought process.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-61570299642887227412014-08-27T19:13:06.953+05:302014-08-27T19:13:06.953+05:30My preferred trade is a BOF at IRH. I avoid BO tra...My preferred trade is a BOF at IRH. I avoid BO trades and rarely do it.<br />But people are inclined towards BO trades. I really wonder why?<br />IMHO most of the traders lose money trading breakouts. 90% of the BO are traps. We will end up providing liquidity to the big money.<br />http://niftynirvana.blogspot.in/2012/12/liquidity-pools.html<br />I have written many times to avoid breakouts and go for BPB. BO trades are the least preferred trades for me<br />http://niftynirvana.blogspot.in/2013/10/breakout-blues.html<br />This method is a range trading method and basically we are trying to buy the range lows and sell the range highs. Further it is always better to trade with the trend. Stay with the trend. If the current price range is above the previous one, the trend is up, and try to buy the range low.If we are in a lower price range only attempt to sell the range highs<br />http://niftynirvana.blogspot.in/2012/05/buy-low-sell-high.html<br /><br />ST<br /><br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-42817344650228992014-08-27T18:50:10.649+05:302014-08-27T18:50:10.649+05:30There was a sell order below 11.40 bar low.
Later ...There was a sell order below 11.40 bar low.<br />Later at 13.15 a big red bar could not break the early low. So I cancelled the order<br />Then I was looking for a BOF of IRH to go short. But price just made a TST and sold<br />I could not get the entry<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-2620014584611237442014-08-27T18:09:39.838+05:302014-08-27T18:09:39.838+05:30Can you please explain where you planned short wit...Can you please explain where you planned short with what values as entry and SL and has it failed because order was not filled.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-73050113511913883132014-08-27T18:02:08.881+05:302014-08-27T18:02:08.881+05:30HI ST, Any reason that you skip BO trade of IRL.
...HI ST, Any reason that you skip BO trade of IRL.<br /><br />Thank you,<br />Kiran.Anonymoushttps://www.blogger.com/profile/15490762050261119472noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-48720780446003007782014-08-27T17:33:26.042+05:302014-08-27T17:33:26.042+05:30Not a valid trade.
First touch of IRL was @ 11.12 ...Not a valid trade.<br />First touch of IRL was @ 11.12 bar low 7930.10<br />Second touch was @ 11.40 bar low 7928.10<br />Third touch was @ 13.15 bar low 7928.30. How your trade triggered here?<br />Fourth attempt suceeded and price went where it was supposed to go. FTA PDH<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-44563068007163652882014-08-27T17:24:54.145+05:302014-08-27T17:24:54.145+05:30Where is space?
7930 was holding since morning. 2 ...Where is space?<br />7930 was holding since morning. 2 BOF happened at IRL<br />There was no good BOF at IRH to trap longs<br />Why should one attempt a counter trend trade for 6 points?<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-75274572606032833472014-08-27T17:18:35.791+05:302014-08-27T17:18:35.791+05:30Space was less for the entry. IRL flip was FTA
You...Space was less for the entry. IRL flip was FTA<br />You can long when price entered back into the IR @7931 with a target of IRH<br /><br />ST SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-29597521940344815302014-08-27T16:41:13.248+05:302014-08-27T16:41:13.248+05:30Hi ST sir,
Today price tested multiple times in I...Hi ST sir,<br /><br />Today price tested multiple times in IRL. Why didn't you look for short trade at 3 and 4 attempt on IRL.I went on third attempt and failed immediately. My thought process was since initial bias bullish no momentum on bull side, Fluid on downside,Price trading in tight range only barrier was PDH took a chance and failed. Was it valid trade? Please clarify. Thanks in advance.<br /><br />Regards<br />ArunAhttps://www.blogger.com/profile/10450702875715740777noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-37064817028236318822014-08-27T16:21:20.654+05:302014-08-27T16:21:20.654+05:30http://i.imgur.com/9S2d3Zf.jpg
Explain Sir Ji http://i.imgur.com/9S2d3Zf.jpg<br />Explain Sir Ji Anonymoushttps://www.blogger.com/profile/08826844326157411948noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-11811443917536025292014-08-27T16:15:59.040+05:302014-08-27T16:15:59.040+05:30Hi ST,
Where was the right entry for BOF of PDH? ...Hi ST,<br /><br />Where was the right entry for BOF of PDH? Is it above the 14:56 PM candle or any other location. Pls suggest<br /><br />Thank you.<br />Kiran.Anonymoushttps://www.blogger.com/profile/15490762050261119472noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-5039611986181638632014-08-27T16:04:12.959+05:302014-08-27T16:04:12.959+05:30It is not as per method.Such entries are taken onl...It is not as per method.Such entries are taken only with SL behind a DP<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-5967914165061040742014-08-27T15:55:25.367+05:302014-08-27T15:55:25.367+05:30Why not long at first bar high pullbackWhy not long at first bar high pullbackrockyhttps://www.blogger.com/profile/03907183816354718469noreply@blogger.com