tag:blogger.com,1999:blog-441270257889145227.post8215089792906803919..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 15122014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-441270257889145227.post-88274754750277057502014-12-17T15:39:28.633+05:302014-12-17T15:39:28.633+05:30Go through the important posts given below the blo...Go through the important posts given below the blog<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-85025924624674746322014-12-17T14:18:48.589+05:302014-12-17T14:18:48.589+05:30Hi Rajesh,
What do you mean by SCORE. Please help ...Hi Rajesh,<br />What do you mean by SCORE. Please help in understandingHomer_23https://www.blogger.com/profile/05622592065278972396noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-14682202089881256602014-12-16T09:14:26.004+05:302014-12-16T09:14:26.004+05:30You can try it. As you know there are no certainti...You can try it. As you know there are no certainties only probabilities<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-45904414162026668552014-12-16T09:09:27.109+05:302014-12-16T09:09:27.109+05:30You are right on the approach
Other factors like S...You are right on the approach<br />Other factors like SCORE too plays an important role<br />You do it when most of these factors favor a trade. Here the experience factor comes into play<br />Your success will depend on your decision which one to take and which one to skip<br />As you gain experience you will start making more and more right decisions and will achieve consistency<br />Screen time and time spent on deliberate practice are important factors in this skill development<br /><br />ST<br /><br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-32710100231985456452014-12-16T06:27:21.628+05:302014-12-16T06:27:21.628+05:30Rajesh,
I have complied all your posts not relate...Rajesh,<br /><br />I have complied all your posts not related to trading analysis into a word document<br />and read about more than ten times.<br /><br />I wrote the following :<br />That IR was 8230 to 8255 and the market traded in the ranges 8255 to 8275..8280.<br />Are these observations correct ?<br /><br />I traded the above market based on the theory....<br />1. Market moves in ranges.<br />2.Always trade at the extremes of the range<br />3.Buy at low and sell at high of the range or Sell at high and buy at low of the range.<br /><br />I bought around 8255 and sold 8275 when the market went up <br />Sold around 8275 and bought around 8255 when the market went down <br />bought around 8255 and sold around 8275 when the market went up <br />sold again around 8275 and bought again around 8255.<br /><br />Instead of writing the above so many times. <br />I wrote the following : <br />1.Trade ranges and trade at the extreme<br />2.Buy at low and sell at high when market is going up<br />3.Sell at high and but at low when market is going down<br /><br />Now am I right ?<br />With kind regards,<br />Trade 4 livinghttps://www.blogger.com/profile/00496407847740436588noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-58173430055459194372014-12-16T01:21:03.247+05:302014-12-16T01:21:03.247+05:30Thank you Rajesh for your help and explanation Thank you Rajesh for your help and explanation Homer_23https://www.blogger.com/profile/05622592065278972396noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65694385071612967712014-12-15T22:52:31.187+05:302014-12-15T22:52:31.187+05:30How about TT at the 2nd level? Today it would have...How about TT at the 2nd level? Today it would have also been a trend trade.<br />Have noticed that LOL "generally" reverses from 2nd or 3rd level. On 0212 it was PDL-PDC-BRN LOL and price reversed from BRN.<br />DMDMhttps://www.blogger.com/profile/13324909629443163286noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-60725864235347137342014-12-15T22:27:20.199+05:302014-12-15T22:27:20.199+05:30Thank you Rajesh for the explanation. Thank you Rajesh for the explanation. Homer_23https://www.blogger.com/profile/05622592065278972396noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-13055419285647535922014-12-15T22:25:54.833+05:302014-12-15T22:25:54.833+05:30What is the difference between 2 and 3?. You have ...What is the difference between 2 and 3?. You have not understood the concepts well<br />These cannot be explained in a comment reply. Please go through the important posts<br />http://niftynirvana.blogspot.in/2012/05/trading-ranges.html<br />http://niftynirvana.blogspot.in/2012/05/buy-low-sell-high.html<br />http://www.niftynirvana.blogspot.in/2012/06/trends.html<br />http://niftynirvana.blogspot.in/2014/06/daily-dose.html<br />http://niftynirvana.blogspot.in/2014/06/trend-traps.html<br />http://niftynirvana.blogspot.in/2014/08/taming-trend.html<br />http://niftynirvana.blogspot.in/2014/11/more-on-structure.html<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40362284961314281262014-12-15T22:13:01.566+05:302014-12-15T22:13:01.566+05:30In a LOL BOF it may happen. The focus is always on...In a LOL BOF it may happen. The focus is always on the second level.<br />This has happened even in the original example given<br />http://niftynirvana.blogspot.in/2012/03/layer-over-layer.html<br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-80780635798825970312014-12-15T22:08:02.933+05:302014-12-15T22:08:02.933+05:30Still in force. They have not broken Convincingly ...Still in force. They have not broken Convincingly even though there were overshoots<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-4654322116312021412014-12-15T20:51:36.913+05:302014-12-15T20:51:36.913+05:30Hi ST,
Can I say today PDL/PDC did not get invalid...Hi ST,<br />Can I say today PDL/PDC did not get invalidated because price move was only to the downside of PDL/PDC? Thanks.Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-37011945562333507192014-12-15T19:14:10.307+05:302014-12-15T19:14:10.307+05:30Rajesh,
My observations:
IR - 8230 to 8255
Traded ...Rajesh,<br />My observations:<br />IR - 8230 to 8255<br />Traded in the range 8255 to 8275<br />You wrote the following:<br />1.Trade ranges and trade at the extreme<br />2.Buy at low and sell at high when market is going up<br />3.Sell at high and but at low when market is going down<br />Are my observation correct and revise if wrong ?<br />With Kind Regards,<br />Trade 4 livinghttps://www.blogger.com/profile/00496407847740436588noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-83450133312150139262014-12-15T19:13:27.382+05:302014-12-15T19:13:27.382+05:30In your first trade, Price went above PDL after yo...In your first trade, Price went above PDL after your entry. What conditions would have made you think it as failure, ie going above 10:42 bar or 10:45 bar, and exit the tradeL.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-36125435327593742322014-12-15T17:47:03.458+05:302014-12-15T17:47:03.458+05:30I do not find any BPB of IRH here. You can try a l...I do not find any BPB of IRH here. You can try a long PDL as target.<br />Market rarely move more than 4 swings in a day.After that it can be a chop<br />Can be considered as a broad upward channel. Then short should only be below 8250 swing low<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-73286246577171769572014-12-15T17:34:21.446+05:302014-12-15T17:34:21.446+05:30ST,
I also took first trade like kishore. and tra...ST,<br /><br />I also took first trade like kishore. and trapped.. what was wrong with IRH bpb trade.. we had exhaustive good gap and bullish bar. market trying to reverse.What factor do we consider to take this type or trade.. ?<br /><br />Secondly i also took the last trade as Kishore took.. looking to third attempt to go up failed.. and trapped.Wasn't this a type of broad channel ,where third attmpt to go up fails resumes the bigger down trend? What should be the thought process there. <br /><br />Thanks and Regards<br />Bharat<br />Bharathttps://www.blogger.com/profile/17779931602158850973noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-60114522422720814642014-12-15T17:26:52.335+05:302014-12-15T17:26:52.335+05:30I always avoid tails. May adjust the level a littl...I always avoid tails. May adjust the level a little bit on next test.<br />Previous day test is not counted. PDL is a fresh level for the day. <br />Levels get invalidated if broken from both sides or a range forms around it<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-88583651143672857152014-12-15T17:14:15.052+05:302014-12-15T17:14:15.052+05:30Hi Rajesh,
When do you consider tail of candle as ...Hi Rajesh,<br />When do you consider tail of candle as DP and when do you consider body of candle as DP. I'm referring to PDL taken today. also, I did not consider PDL as a DP today as that level was tested - basis your guidance on Friday's trade. Was I right in my approach. My only trade was the one that you had taken.Homer_23https://www.blogger.com/profile/05622592065278972396noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-10064047173116302972014-12-15T16:58:31.711+05:302014-12-15T16:58:31.711+05:30Price should cross the earlier extreme and pull ba...Price should cross the earlier extreme and pull back<br />Price never broke PDC, The earlier extreme .<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-47053719605414210592014-12-15T16:53:38.432+05:302014-12-15T16:53:38.432+05:30First trade was taken in a hurry, last one is the ...First trade was taken in a hurry, last one is the third trade from the same location <br />More than 4 swings rarely happens<br />http://niftynirvana.blogspot.in/2012/02/daily-trading-patterns.html<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-36844407254688012002014-12-15T16:24:10.290+05:302014-12-15T16:24:10.290+05:30why you did not take a BPB trade at approx 12.10 p...why you did not take a BPB trade at approx 12.10 pm ?<br /><br />[IMG]http://i59.tinypic.com/2ccwivn.png[/IMG]rrrajguruhttps://www.blogger.com/profile/14048145485131056332noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-84456535979183651572014-12-15T16:06:55.871+05:302014-12-15T16:06:55.871+05:30Hi ST,
Please comment on my trades
http://tradin...Hi ST,<br />Please comment on my trades <br /><br />http://tradingdecisionpoints.blogspot.in/2014/12/12152014.html<br /><br />rgds<br />Kishore Trader Paihttps://www.blogger.com/profile/17780707321214027984noreply@blogger.com