tag:blogger.com,1999:blog-441270257889145227.post4199353295125375265..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 06082014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-441270257889145227.post-60529390637276599022014-08-07T14:32:17.425+05:302014-08-07T14:32:17.425+05:30I am using a S/W called JING to take screen shots ...I am using a S/W called JING to take screen shots and annotate<br />It is a freeware<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-5409744406123856742014-08-07T12:06:23.287+05:302014-08-07T12:06:23.287+05:30ST Sir,
How you are highlighting those ranges on ...ST Sir,<br /><br />How you are highlighting those ranges on charts.. in iCharts i don't see option to do that Or you are using any other tool?<br />If your time permit, please let me knowOnly Niftyhttps://www.blogger.com/profile/10543006005823509614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-84682878607920905542014-08-07T11:41:35.434+05:302014-08-07T11:41:35.434+05:30This comment has been removed by the author.nirtoshttps://www.blogger.com/profile/12010507417974482493noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-58412518027716207362014-08-07T11:38:42.956+05:302014-08-07T11:38:42.956+05:30Thanks a lot ST. That awesome explanation makes th...Thanks a lot ST. That awesome explanation makes things perfectly clear now. Thank youTrekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-6235038760267596472014-08-07T11:24:22.385+05:302014-08-07T11:24:22.385+05:30As you said it is not a PP just some stop triggern...As you said it is not a PP just some stop triggerng<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-2170165445758309942014-08-07T11:22:25.096+05:302014-08-07T11:22:25.096+05:3013.24 bar comes at the middle of last down impulse...13.24 bar comes at the middle of last down impulse 7760-7720<br />Middle of a probable range and not valid as PP<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-10868296647715735622014-08-07T09:26:31.363+05:302014-08-07T09:26:31.363+05:30Hi ST,
Yesterday I took a PP short below 13:24 an...Hi ST,<br />Yesterday I took a PP short below 13:24 and scratched it. At that time, it looked like PP to me http://imagizer.imageshack.com/img905/756/KC02Er.png Obviously something is wrong with my thought process about PP. Please correct. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-24432757978016755742014-08-07T09:21:53.278+05:302014-08-07T09:21:53.278+05:30Thank you and thanks for your patience ST, I apolo...Thank you and thanks for your patience ST, I apologize or asking for it before reading your post to Rose in full. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-92221126195459019892014-08-07T09:11:18.084+05:302014-08-07T09:11:18.084+05:30Hi ST
I was referring to the box which I have draw...Hi ST<br />I was referring to the box which I have drawn. I want to know if we can consider the set up in the box as PP before the big BO candle appeared?? ( In hindsight I feel it was only a SL triggering move which may have happened as traders might have gone short in the morning break of IRL)<br />Please clarify<br /><br />Thanks<br />TBPAnonymoushttps://www.blogger.com/profile/14731335637770891761noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65252277681959606272014-08-07T08:59:16.941+05:302014-08-07T08:59:16.941+05:30May be you are looking at Nifty Spot index chart
H...May be you are looking at Nifty Spot index chart<br />Here we are trading Nifty Futures. August contract chart<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-27839243791380519792014-08-07T08:55:08.094+05:302014-08-07T08:55:08.094+05:30http://screencast.com/t/q0jIAFIwkI
SThttp://screencast.com/t/q0jIAFIwkI<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-37200662105077802032014-08-06T22:30:51.090+05:302014-08-06T22:30:51.090+05:30Hi ST,
Would you please put a chart like this for ...Hi ST,<br />Would you please put a chart like this for today as well for comparison. Thanks for your help. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-66169738443042689782014-08-06T22:17:03.978+05:302014-08-06T22:17:03.978+05:30Hi ST,
I'm very new to stock market and techni...Hi ST,<br />I'm very new to stock market and technical analysis. When i compared your chart with the one in google finance or yahoo finance or even the intraday chart in http://www.nseindia.com/ ; i see that nifty never breached 7745+ mark during 11:30 - 12:00 whereas in the chart that you've attached, nifty went beyond 7750+ in the same timeline. Can you let me know how this could happen and what i'm missing?<br /><br />Thanks,<br />VaradhaAnonymoushttps://www.blogger.com/profile/14558572524785516593noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-50013786457676898292014-08-06T21:54:40.590+05:302014-08-06T21:54:40.590+05:30Thanks for the explanation with the images.Thanks for the explanation with the images.augubhaihttps://www.blogger.com/profile/05180269064186199712noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-54177227748719996302014-08-06T21:01:30.017+05:302014-08-06T21:01:30.017+05:30Thx a ton for clarifying with examples. Now it is ...Thx a ton for clarifying with examples. Now it is very clear.<br />DMDMhttps://www.blogger.com/profile/13324909629443163286noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-60575288472627038912014-08-06T21:00:55.915+05:302014-08-06T21:00:55.915+05:30I did not understand your question properly are yo...I did not understand your question properly are you referring to the short trade<br /><br />ST SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-13651539924998909882014-08-06T20:49:19.828+05:302014-08-06T20:49:19.828+05:30I have uploaded the last two days price action . G...I have uploaded the last two days price action . Go through it<br />You need to pay attention to DPs and Ranges to get the right picture<br />Please do not expect everything to be picture perfect and you need not.<br />Nobody can define the exact structure. An approximation that works reasonably well is enough<br /><br />http://postimg.org/image/lrdmct6c9/<br /><br />http://postimg.org/image/5i0actu1l/<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-20632388944989264662014-08-06T20:40:46.847+05:302014-08-06T20:40:46.847+05:30Thanks a lot for explanation sir.. i am getting cl...Thanks a lot for explanation sir.. i am getting clarity on how to play ranges in conjunction with DP's nowOnly Niftyhttps://www.blogger.com/profile/10543006005823509614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-22076638395616679582014-08-06T20:37:07.829+05:302014-08-06T20:37:07.829+05:30http://niftynirvana.blogspot.in/2012/05/trading-ra...http://niftynirvana.blogspot.in/2012/05/trading-ranges.html<br />Last corrective or impulsive move can act as a range. Market can range between DPs also<br />I have marked the previous day closing range in yellow<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65343062866305595402014-08-06T19:55:02.635+05:302014-08-06T19:55:02.635+05:30Hi ST
I have a query regarding PP.
Is there any st...Hi ST<br />I have a query regarding PP.<br />Is there any stipulation like PP has to spend a certain amount of time between DPs or a range??<br />My doubt is regarding Tata steel in today's trade. Please have a look. Is it a PP or will it be a direct BO??<br />Please clarify.<br /><br />http://i58.tinypic.com/33acaxk.jpg<br /><br />Thanks<br />TBPAnonymoushttps://www.blogger.com/profile/14731335637770891761noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-43648676743831345992014-08-06T19:43:55.063+05:302014-08-06T19:43:55.063+05:30Dear ST
Thank you very much for the enlightenment...Dear ST<br /><br />Thank you very much for the enlightenment. Your screen shot presentation remind me of your article already written. Even though I have read the article, the application of it matters. Now I will remember for ever after having practically encountered.<br /><br />Regards,<br /><br />Veer veerhttps://www.blogger.com/profile/08434340304735394632noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40152216976453073482014-08-06T19:18:13.440+05:302014-08-06T19:18:13.440+05:30Veer
What he has done is the correct way to trade....Veer<br />What he has done is the correct way to trade. Sell range highs and buy range lows. <br />If price is trading in a lower range prefer selling the range highs. Prefer BOF to TST while selling the range high so that the trade is with the trend+Low risk+Early on the move+Opportunity to ride the SL at the other end etc. It is always better than a direct blind, late BO entry.<br />Your concerns are valid. We need to consider the other factors like, Critical mass,trouble areas, order flow expectations etc. before taking the entry.Always prefer a BOF of the other end of the range to the BO of an extreme Please do read the reply to Rose written below<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-58951387942150311662014-08-06T19:17:37.811+05:302014-08-06T19:17:37.811+05:30How do you define closing range? If it the last im...How do you define closing range? If it the last impulse move how does one identify it? Can you elaborate on this with PA around yday's close as an example?<br />Thx,DMhttps://www.blogger.com/profile/13324909629443163286noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-69099357855977042652014-08-06T18:57:44.419+05:302014-08-06T18:57:44.419+05:30Rose
Markets moves in short time ranges. This is ...Rose<br /><br />Markets moves in short time ranges. This is not a new concept but an adaptation of Darvas Box.<br />Darvas traded the breakout of a box extreme and expected the price to get accepted in a new range<br />This method has drawbacks . We will never know whether price will get accepted at the new range or not <br />It is a blind entry. We use the same concept but prefer BOF of an extreme to target the other extreme. If we are lucky price may break the other extreme and move to a new range. DP method uses both DPs and Short term ranges to define the market structure.Best trades always occur when a DP acts as a range extreme<br />All the trades are based on the move of price from one range to the other whether confirmed or anticipatory(BPB V/S BO).Today the price opened below the previous day closing range Hence avoided BO of IRH and looked for short<br />http://screencast.com/t/q0jIAFIwkI<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-81557338601676858052014-08-06T18:27:53.997+05:302014-08-06T18:27:53.997+05:30Dear ST
Is it correct to short at BOF at immediate...Dear ST<br />Is it correct to short at BOF at immediate swing low ? (as done by Born to Trade - his second trade)- (or) wait to break IRL and PP as you have done ? Which is ideally correct? As regards Born to Trade his trade might have clicked but my concern is there is RN 7740 and price support area range 7733 to 7748 just before BOF. The is it correct to short just below the immediate swing low? Your valuable reasoning will clear my doubts.<br /><br />Regards,<br /><br />Veerveerhttps://www.blogger.com/profile/08434340304735394632noreply@blogger.com