tag:blogger.com,1999:blog-441270257889145227.post3948989326393135549..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 05082015SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-441270257889145227.post-7619390472612458362015-08-11T15:41:56.990+05:302015-08-11T15:41:56.990+05:30Hi ST, please post today's chart. Thanks a lot...Hi ST, please post today's chart. Thanks a lotTrekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-78741198055947453952015-08-09T22:32:36.355+05:302015-08-09T22:32:36.355+05:30thanks a lot ST. thanks a lot ST. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65142536825558556222015-08-09T21:26:00.224+05:302015-08-09T21:26:00.224+05:30Logical target is the range low. Further move is j...Logical target is the range low. Further move is just a bonus<br />Price is in rally mode and counter trend moves will fizzle out sooner than we expect<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-22637738034135958612015-08-06T15:57:18.632+05:302015-08-06T15:57:18.632+05:30Hi ST,
please can you let me know if these three t...Hi ST,<br />please can you let me know if these three trades are correct or wrong(One short and two longs)Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-82836341018182771292015-08-06T08:27:18.088+05:302015-08-06T08:27:18.088+05:30Hi ST,
Good Morning, please can you explain why yo...Hi ST,<br />Good Morning, please can you explain why you thought the 10:20 short by Naveen will not break the lower DP. It was a BOF of BRN, would it not move beyond the lower DP? Thanks for your help. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-2437677479766849812015-08-05T22:30:36.058+05:302015-08-05T22:30:36.058+05:30Thanks so much ST.Thanks so much ST.xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-77008766499918841492015-08-05T22:11:14.944+05:302015-08-05T22:11:14.944+05:30Xrt
Your understanding is correct.
Some people ge...Xrt<br /><br />Your understanding is correct.<br />Some people get trapped there. But not enough to trigger a momentum move in the opposite direction<br />Further people are trading different methods. for example those who entered on BO of BRN may not exit below the BO bar. They keep SL below 8580 only. They will continue to hold<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-77852889601879576282015-08-05T22:04:17.111+05:302015-08-05T22:04:17.111+05:30Naveen
Your entry was right and it went where it ...Naveen<br /><br />Your entry was right and it went where it was supposed to go.<br />Being a discretionary method we will not be able to take all entries. We hesitate second guess and fail to act. <br />Further we will fail to notice many clues. Perfection is impossible in this gave<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-55649720434086130022015-08-05T21:18:37.129+05:302015-08-05T21:18:37.129+05:30Thanks ST... Lot to learn.. I should work with his...Thanks ST... Lot to learn.. I should work with historical charts many timesxrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-70128308439289063062015-08-05T19:51:28.322+05:302015-08-05T19:51:28.322+05:30Hi ST,
"Price never broke the first swing l...Hi ST,<br /> "Price never broke the first swing low"<br /> http://i.imgur.com/SB6TPKo.png is my understanding correct.xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-16712426940380844872015-08-05T19:34:22.219+05:302015-08-05T19:34:22.219+05:30I took CT BOF short around 1020, considering that ...I took CT BOF short around 1020, considering that it failed above 8600 and it was a supply zone you didnt consider this possibility ?Anonymoushttps://www.blogger.com/profile/02244067917995471305noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-15158715776128795982015-08-05T19:16:01.273+05:302015-08-05T19:16:01.273+05:30Market was extremely bullish then. Look at the pre...Market was extremely bullish then. Look at the previous day chart<br />Price climbed above the last range 6225-40 and failed to stay there. A sell off happened. Next day morning itself price climbed back to this higher area and even a BOF at PDH could not bring price below 6240.Market will give many subtle clues but we fail to read this most of the time<br />http://niftynirvana.blogspot.in/2014/01/10012014.html<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-88894623231174704962015-08-05T18:58:07.437+05:302015-08-05T18:58:07.437+05:30Here it can be done as the range high is above BRN...Here it can be done as the range high is above BRN. <br />But better to avoid trades into DPs unless there is sufficient space<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-11090991442859872722015-08-05T18:55:51.282+05:302015-08-05T18:55:51.282+05:30Hi Dave,
Similar PA as today. But different res...Hi Dave,<br /> Similar PA as today. But different result.<br /> http://niftynirvana.blogspot.in/2014/01/13012014.html xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-3004717896996355582015-08-05T18:52:53.433+05:302015-08-05T18:52:53.433+05:30http://niftynirvana.blogspot.in/2014/11/more-on-cr...http://niftynirvana.blogspot.in/2014/11/more-on-critical-mass_22.html<br />In todays session critical mass was neither short or long. that is why the BOF of Range high and low did not move beyond the other extreme<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-75467331566132669182015-08-05T18:48:22.876+05:302015-08-05T18:48:22.876+05:30Usually I prefer two types of BO trades.
1.BO of I...Usually I prefer two types of BO trades.<br />1.BO of IR with momentum to board a trend move earlier<br />2.PP where a lot of traders get trapped. <br />I skipped morning BO of BRN as there was no momentum. Avoided BO of range high as I felt very few shorts created in market since morning. Price never broke the fist swing low for day traders to enter short. Critical mass was not short<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65035388640875260622015-08-05T18:38:43.399+05:302015-08-05T18:38:43.399+05:30No I had a buy order above BRN. I waited for more ...No I had a buy order above BRN. I waited for more than half an hour for it to trigger because there was no momentum.<br />So cancelled the order and looked for a BPB or a BOF at the lower side of the range.<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-21266346954839564392015-08-05T17:56:24.515+05:302015-08-05T17:56:24.515+05:30Hi ST,
Was it correct to short just above the BRN?...Hi ST,<br />Was it correct to short just above the BRN? Thanks.Anonymoushttps://www.blogger.com/profile/02035146828174035883noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-27567985974304072602015-08-05T17:39:31.242+05:302015-08-05T17:39:31.242+05:30Thanks a lot ST.Thanks a lot ST.Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-28383043410148019982015-08-05T17:39:13.050+05:302015-08-05T17:39:13.050+05:30One more question ST on Critical Mass: it is very ...One more question ST on Critical Mass: it is very difficult to consider Critical mass in morning session. How to deal with it? especially during first hour ?xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-67083068530470968012015-08-05T17:16:18.598+05:302015-08-05T17:16:18.598+05:30Hello ST sir,
I thought someone would ask, let me...Hello ST sir,<br /><br />I thought someone would ask, let me ask, why did you avoid BO of RH? I thought it took too much time consolidating in the narrow range and my understanding is that if it the range prolongs too much, most likely prices will reverse. So I was looking for BOF of RH and took the trade once it happened. Your thoughts please.<br /><br />Thanks.<br />URDUday Davehttps://www.blogger.com/profile/01795649158159354305noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-61635484892320983362015-08-05T17:08:31.460+05:302015-08-05T17:08:31.460+05:30Hi ST,
a> Was there a BO Trade between 9:45-...Hi ST,<br /> a> Was there a BO Trade between 9:45-10:30. When the Bar went above 8600 ? Reason for not taking <br /> BRN is quite strong level, will require lot of order flow to break. So avoid taking BO near BRN is my understanding correct ?<br /> b> What was the reason for not taking BO trade where you took BOF trade. <br />xrtrader1https://www.blogger.com/profile/07473824189722328404noreply@blogger.com