tag:blogger.com,1999:blog-441270257889145227.post5737873361907447163..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 04122014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-441270257889145227.post-48627634930029815802014-12-06T20:34:07.370+05:302014-12-06T20:34:07.370+05:30Icharts costs around Rs 800/- PM
Read important po...Icharts costs around Rs 800/- PM<br />Read important posts<br />http://niftynirvana.blogspot.in/2012/02/structure-and-patterns.html<br />http://niftynirvana.blogspot.in/2012/02/rants-n-raves.html<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-61406828626736940432014-12-06T18:59:37.926+05:302014-12-06T18:59:37.926+05:30Dear ST
1. What is a TRAP?
2. How much is the mon...Dear ST<br /><br />1. What is a TRAP?<br />2. How much is the monthly cost of the Ichart Software?Anonymoushttps://www.blogger.com/profile/12450932634297132135noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-75069969380265668292014-12-05T09:55:37.255+05:302014-12-05T09:55:37.255+05:30Hi,
Thanks for the chart. It was a tricky day; you...Hi,<br />Thanks for the chart. It was a tricky day; your explanations and the discussions on this forum helped a lot.<br />Thanks Rajesh and other guys<br />Regards<br />BS Chandran Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-34375851311158519802014-12-05T00:20:56.654+05:302014-12-05T00:20:56.654+05:30Thanks ST. Another lesson learnt. Will try to be m...Thanks ST. Another lesson learnt. Will try to be more vigilant.Bhavirhttps://www.blogger.com/profile/08258148053969052614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-29791458132747514942014-12-04T21:22:15.135+05:302014-12-04T21:22:15.135+05:30Rajesh,
Thanks a lot for the explanation as it co...Rajesh,<br /><br />Thanks a lot for the explanation as it confirms the quantitative aspect of trading too ! <br />It is worth more than uranium !<br />Well I can only pray for you that you always be healthy, wealthy and happy...Tat Tvam Asi...<br />With kind regards,<br />Trade 4 livinghttps://www.blogger.com/profile/00496407847740436588noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-81949211801098023232014-12-04T20:14:58.913+05:302014-12-04T20:14:58.913+05:30About BRN , i have written in an early reply. plea...About BRN , i have written in an early reply. please read<br />Regarding BPB . Look at yesterdays chart . First market moved down and tested 8550 and pulled back<br />Then price tried to go below 6 or 7 times. All the time 8560 gave solid support. Do you want to trade an over extended move to such a level. trading patterns in isolation is not going to work. <br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-14858386085011751042014-12-04T19:45:33.277+05:302014-12-04T19:45:33.277+05:30Thanks.Thanks.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-70872107267591912012014-12-04T19:40:38.130+05:302014-12-04T19:40:38.130+05:30Excellent trades. Good thinking to stay out when b...Excellent trades. Good thinking to stay out when bars are crazy especially in the morning.<br />I am curious why you didn't consider BPB of pdc around 10:25 and 10:40. Because it already moved a lot in one direction and you are looking for a long?<br /><br />Also, in your last trade, BRN was very close (10 pts). That didn't bother you?<br />Thank you & regards,AHGTraderhttps://www.blogger.com/profile/07837417501357720970noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-44759249167102866122014-12-04T18:56:22.478+05:302014-12-04T18:56:22.478+05:30Read my reply to LVG above.
Price moving above PDH...Read my reply to LVG above.<br />Price moving above PDH is a major transition. But price opening above PDH and getting rejected furiously is not a signal to go long. It was just a stall or pause on the way down. If you go long BRN is there to resist. First candle was a MC and acted as IR. This will also resist<br />You have not understood TRAP correctly it seems. TRAP at MSP is a powerful pattern<br />http://niftynirvana.blogspot.in/2014/01/trap.html. <br />There will be trouble areas ahead always. We have to take a decision there<br />http://niftynirvana.blogspot.in/2012/11/make-or-break-levels.html<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-72018827041953368962014-12-04T18:33:39.023+05:302014-12-04T18:33:39.023+05:30I usually stay out if I see abnormal volatility at...I usually stay out if I see abnormal volatility at the open till it stabilizes<br />25 point bars with long tails and engulfing bars show something wrong and trading this with a 10 point stop loss is simply not possible<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-39159638319146599782014-12-04T18:23:28.125+05:302014-12-04T18:23:28.125+05:30Do not enter into matured moves.
Normally market ...Do not enter into matured moves. <br />Normally market makes measured moves. I repeat NORMALLY, not as a rule<br />After a BO of range price will travel approximately the same width of the broken range<br />8565-8590 and 8590-8615 as on today. Yesterday 8550-70 and 70-90<br />Nifty on an average trades within 50 points. Ones a move from an extreme exceeds this,do not enter in that direction <br />It is time to look for an exit or reversal. Average intraday swing in NF is around 25 points. We cant expect more than that without sitting through a pullback or consolidation<br />Read the reply to TBPSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-91658988950072086082014-12-04T17:23:23.188+05:302014-12-04T17:23:23.188+05:30ST,
Why did you avoided test trade above 9.54 nea...ST,<br /><br />Why did you avoided test trade above 9.54 near pdh.. price rejected twice. and we broke out today above yesterdays range.. that was major transition. What is the difference between yesterdays test trade at 9.44, 2nd lod after initial down move and today's price action which we would avoid with similar set up?<br /><br />Secondly after morning fall we moved up in sluggish action .which didnt seemed to be uptrend. we normally take trap entries in strong trends only.. what was the reason. to consider it a trap pattern here?. also we had BRN and PDH as FTA ahead just 10 points. or looking to strenght of 12.21 to 12.30 bars you deceded to enter on breakout. ?Kindly enlighten.. <br /><br />Thanks and Regards<br />BharatBharathttps://www.blogger.com/profile/17779931602158850973noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-74027057229992193222014-12-04T16:54:38.945+05:302014-12-04T16:54:38.945+05:30After 9:39 bar pin bar and 9:45 green bar (and wor...After 9:39 bar pin bar and 9:45 green bar (and world markets in up), I thought it is BOF of PDH, and went long above green bar. It failed. What was your thought process at that point. I exited below 9:45 bar low. Is it correct or should have exited early.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-210269375270529642014-12-04T16:15:32.078+05:302014-12-04T16:15:32.078+05:30Awesome trades ST. Another scratched day for me; a...Awesome trades ST. Another scratched day for me; a harsh ranged week actually.<br />Any feedback please? I too have the same question as TBP - what gave your confidence for the PP Long?<br /><br />http://niftytradediary.wordpress.com/2014/12/04/4-dec-2014/Bhavirhttps://www.blogger.com/profile/08258148053969052614noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-86031761109141780762014-12-04T16:10:56.119+05:302014-12-04T16:10:56.119+05:30Price moving above PDH is a major transition.
Pri...Price moving above PDH is a major transition. <br />Price was trapped within 8550-8590 for three days. Gap up was an attempt to escape from the range<br />But it failed. Price was making another attempt. I knew if it succeeds it is going to move well<br />Further price was moving up after a TRAP <br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-19460066409237911922014-12-04T16:04:10.095+05:302014-12-04T16:04:10.095+05:30There was a BOF around 12.45 where I exited. then ...There was a BOF around 12.45 where I exited. then price moved above PDC<br />It stayed there for an hour. So I did not believe it. BOF should reject rapidly<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-13075416943855357282014-12-04T15:54:51.820+05:302014-12-04T15:54:51.820+05:30Hi ST
Thanks for the chart.
What made you confiden...Hi ST<br />Thanks for the chart.<br />What made you confident that the PP trade would take out BRN and reach HOD??<br /><br />Thanks again.<br />TBPAnonymoushttps://www.blogger.com/profile/14731335637770891761noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-90866620118744899452014-12-04T15:53:39.325+05:302014-12-04T15:53:39.325+05:30Hi ST,
Why didnt you take a BOF PDC Short .(Actua...Hi ST,<br />Why didnt you take a BOF PDC Short .(Actually the TRAP) at 8589 around 2 pm ?<br /><br />rgds<br />Kishore <br /><br />Trader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.com