tag:blogger.com,1999:blog-441270257889145227.post7609277713745670675..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 06112013SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-441270257889145227.post-50313118544108821792013-11-14T17:43:48.715+05:302013-11-14T17:43:48.715+05:30Thanks ST, good approach. Thanks ST, good approach. Yashhttps://www.blogger.com/profile/04273960956481310352noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-78945355387630830832013-11-13T08:50:04.370+05:302013-11-13T08:50:04.370+05:30Yash
Don,t approach day trading as earning daily ...Yash<br /><br />Don,t approach day trading as earning daily bread. Look only at the monthly results<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-12318295633230658152013-11-12T22:44:44.642+05:302013-11-12T22:44:44.642+05:30Is it okay to have two trades getting scratched in...Is it okay to have two trades getting scratched in a day. How to contain its psychological impact. Human mind thinks, whole day of effort and returning home empty handed. Pls share tips for psychological survival.<br />Yashhttps://www.blogger.com/profile/04273960956481310352noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-66746913525022057052013-11-07T09:07:32.726+05:302013-11-07T09:07:32.726+05:30Shai
Nothing wrong.
We are not in control of the ...Shai<br /><br />Nothing wrong.<br />We are not in control of the market. We stick to our method and try to manage the trades well. Will get better and better at this slowly. Survival is the first priority.<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-85330795939548138992013-11-06T23:26:58.403+05:302013-11-06T23:26:58.403+05:30I too went short at large red bar after 12:30, con...I too went short at large red bar after 12:30, considering it to be BPB of IRL. scratched and reversed exactly as your trade 'long trade on BOF of IRL, scratched, as you have done.<br />after having failed in first trade, normally i don't repeat the trade, but in this case the trade was of reverse nature (i.e., long vis-a-vis short), so i attempted.<br />any thing wrong with the methodology ?<br /><br />ShaiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-28819580335966431472013-11-06T23:20:13.224+05:302013-11-06T23:20:13.224+05:30ST
I do keep a track of round numbers, but more ...ST <br /><br />I do keep a track of round numbers, but more of multiples of 00's and 50's. Multiples of 10's I have never followed, will try to keep that in mind too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-23406904496057793782013-11-06T22:35:45.406+05:302013-11-06T22:35:45.406+05:30Anon
I was paying attention since long and have wr...Anon<br />I was paying attention since long and have written about it earlier.But while doing it, notice the RR<br /> <br /><a href="http://niftynirvana.blogspot.in/2012/09/round-numbers.html" rel="nofollow">Please Read</a><br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-58803833069482914752013-11-06T22:13:18.630+05:302013-11-06T22:13:18.630+05:30
This is something different and interesting, to k...<br />This is something different and interesting, to keep orders below nearest round number. Will check this on historic charts and will keep in mind in future too.<br /><br />Thanks STAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-37640857577590103312013-11-06T19:35:21.761+05:302013-11-06T19:35:21.761+05:30Anon
Theoretically there is nothing wrong with the...Anon<br />Theoretically there is nothing wrong with the trade<br />I think your trade triggered at 01.18 bar after 40 minutes. It clearly showed lack of selling pressure.<br />Further in such situations always keep your order after the nearest round number. Here below 6260<br /><br />Notice how price behaved when it came back to the level at 14.39 and at 14.54.<br /><br />14.39 bar broke the low of 01.18 bar. 01.18 low was 6261.70 and 14.39 low 6260.25. watch the volume at 14.39 breakout bar 4300 lots traded here.<br /><br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-3659973865910208132013-11-06T16:21:09.257+05:302013-11-06T16:21:09.257+05:30I went short below the low of 12:39 bar, consideri...I went short below the low of 12:39 bar, considering it to be BPB of IRL. Was stopped out. Was this trade wrong as per our method?<br />Anonymousnoreply@blogger.com