tag:blogger.com,1999:blog-441270257889145227.post956955969551095714..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 10112014SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-441270257889145227.post-79076910903524933542014-11-11T10:39:35.496+05:302014-11-11T10:39:35.496+05:30There is no right or wrong way in trading
It is al...There is no right or wrong way in trading<br />It is all about managing risk<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-65473537392738651492014-11-11T10:38:22.814+05:302014-11-11T10:38:22.814+05:30Frankly. I do not know
Not interested in adding mo...Frankly. I do not know<br />Not interested in adding more variables<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-60853582381928875932014-11-11T09:17:48.283+05:302014-11-11T09:17:48.283+05:30THank you ST. I am not sure if I did it correctly ...THank you ST. I am not sure if I did it correctly though because I entered above 1.33 bar and kept SL a few points below entry and I also reduced to 1 lot for that trade because it was reentry.Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-76437926310929788472014-11-11T09:13:11.687+05:302014-11-11T09:13:11.687+05:30Hi ST,
I was watching spot chart on Zerodha today ...Hi ST,<br />I was watching spot chart on Zerodha today and got a couple of pre-market bars, would they tell us anythign at all about the day ahead? http://imagizer.imageshack.com/img673/869/VF91Qj.pngTrekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-24739090465847520972014-11-11T08:57:15.799+05:302014-11-11T08:57:15.799+05:30No. I do not give any calls
just sharing a method ...No. I do not give any calls<br />just sharing a method that work for me<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-90521220474821859292014-11-11T08:56:03.224+05:302014-11-11T08:56:03.224+05:30No. You can always try a reentry.
Be careful about...No. You can always try a reentry.<br />Be careful about BW and channel<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-36856909490779474952014-11-10T22:07:45.115+05:302014-11-10T22:07:45.115+05:30any place where u post ur trades in mkt timingsany place where u post ur trades in mkt timingsmanashttps://www.blogger.com/profile/01006901714591545670noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-19874896055922389152014-11-10T21:52:59.277+05:302014-11-10T21:52:59.277+05:30Ok, thanks ST. Was I wrong in reentering? Ok, thanks ST. Was I wrong in reentering? Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-85377090258430551802014-11-10T20:31:27.489+05:302014-11-10T20:31:27.489+05:30I have tried Al Brooks on NF. it never worked for ...I have tried Al Brooks on NF. it never worked for me<br />I have not traded commodities so far. So cant give any advise on this<br />Price action should work on all markets<br /><br />ST<br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-56579878323620407352014-11-10T20:25:21.019+05:302014-11-10T20:25:21.019+05:30Thanks.
The book has very little information on th...Thanks.<br />The book has very little information on the method<br />Kindly go through all the important posts listed below the blog<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-36460374305463402782014-11-10T20:22:22.224+05:302014-11-10T20:22:22.224+05:30Dear ST,
I am unable to trade nifty live charts du...Dear ST,<br />I am unable to trade nifty live charts due to working as employee.<br />So I am thinking MCX commodities because I can concentrate after office hours from 7 to 11p.m.<br />I am reading AL Brooks but it is giving lot of confusion/dificulty. I am reading charts and DP book from this blog it gives some clarity. Is it helpful to read YTC books for commodity ?.The same price action helpful on mcx ?.<br />Thank you.<br />Nagendra.<br />Nagendrahttps://www.blogger.com/profile/00416981677319364633noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-45641315349463836232014-11-10T20:19:44.020+05:302014-11-10T20:19:44.020+05:30Your book is really inspirational, appreciate your...Your book is really inspirational, appreciate your efforts. I liked the way you have mentioned which trendline is right, which fibo, which ema.. can relate to my dsys of drawing trendlines.. lol<br /><br />the book is simple to understand.. i am struggling a bit to idengify who wins (bears or bulls) at ghe decision point... i guess this will come with practice.<br /><br />Thanks fof being so honest in the book...<br />Anonymoushttps://www.blogger.com/profile/15267194863109607115noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-30791941277112183982014-11-10T20:06:04.464+05:302014-11-10T20:06:04.464+05:30Thank You.Thank You.L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-76819237474019291602014-11-10T19:43:24.074+05:302014-11-10T19:43:24.074+05:301.No. We decide to enter on break of IRH. After en...1.No. We decide to enter on break of IRH. After entry price should not fall below BRN.Stop can be somewhere below BRN the break of which invalidates the trade reason. Exact location is decided later. <br />2.Stop was above PDH. You have to expect opposing orders at DPs. Look at 9th bar and 11,12,13th bars<br />3.Explained in early comments. It was a BOF of LOD. and price never went below this level<br />4.It bounced back from 8370 flip area. I would like a little more penetration of PDH for a strong BOF<br /><br />ST<br /><br />SMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-6471571850279981412014-11-10T19:26:19.883+05:302014-11-10T19:26:19.883+05:30My physical SL was below 8340.
I was looking at NS...My physical SL was below 8340.<br />I was looking at NS BRN and it never went below 8304<br />In hind sight it is clear that it was a BOF of LOD.<br />LOD is the 12.15 MC low. Nifty tested this level again at 12.30<br />Yes. that pin bar might have trapped many.A reentry can be considered here <br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-6768252871055936492014-11-10T19:23:48.947+05:302014-11-10T19:23:48.947+05:30Yes. you can try it.We can expect some stops that ...Yes. you can try it.We can expect some stops that can take price below PDH<br />But a SL above HOD is too much of risk. Keep SL above IRH<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-91139375592672995932014-11-10T19:18:44.732+05:302014-11-10T19:18:44.732+05:30My physical SL was below 8340.
I was looking at N...My physical SL was below 8340. <br />I was looking at NS BRN and it never went below 8304<br />In hind sight it is clear that it was a BOF of LOD.<br />LOD is the 12.15 MC low. Nifty tested this level again at 12.30<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-61613959889845174172014-11-10T19:09:47.032+05:302014-11-10T19:09:47.032+05:30Physical stop was below the extreme
STPhysical stop was below the extreme<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-40654694955400761392014-11-10T19:08:35.950+05:302014-11-10T19:08:35.950+05:30Second one is bad luck
It was a really a good trad...Second one is bad luck<br />It was a really a good trade.I escaped it as my physical stop was below the extreme<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-17842242630556908712014-11-10T19:00:17.246+05:302014-11-10T19:00:17.246+05:30All Time High
STAll Time High<br /><br />STSMART Traderhttps://www.blogger.com/profile/15315918975356032072noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-83315185050901681562014-11-10T18:52:01.101+05:302014-11-10T18:52:01.101+05:30Hi ST,
where was your SL in Last Long trade? I w...Hi ST,<br /><br /> where was your SL in Last Long trade? I was stopped out with that Hammer on RN.<br /><br />Thanks,<br />Deven MalhotraDeven Malhotrahttps://www.blogger.com/profile/10819749594539967646noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-50150171775199036392014-11-10T18:06:55.114+05:302014-11-10T18:06:55.114+05:30Dear ST please answer at your leisure
1. Regardin...Dear ST please answer at your leisure<br /><br />1. Regarding your 1st trade did you had a SL in mind before entering into the trade, I meant did you pre decided that the entry level bar low will be your SL. I too had this trade in mind but couldnt find a suitable SL<br /><br />2. Where was your SL for the 2nd trade (IRL)? and why didnt BOF of BRN above didnt qualify as a trade<br /><br />3. Regarding your 3rd trade (long BOF) Nifty tried to break LOD thrice and failed were you looking to go long there athe minor pivots (though non of them broke eventually); also there is a pin bar down after your entry bar; didnt that pin bar taken off your SL<br /><br />4. Did another trade of BOF of PDH was available in the last 30-45 mins at your TP locationAnonymoushttps://www.blogger.com/profile/15487108662639613051noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-18607544666006530992014-11-10T17:30:04.151+05:302014-11-10T17:30:04.151+05:30ST Sir,
Suppose if we didn't took the first tr...ST Sir,<br />Suppose if we didn't took the first trade as you did then is it correct to take ATH/BRN BOF trade below the breakout bar itself where you mark TP for your 1st trade.<br /><br />Regards<br />MTMendi Traderhttps://www.blogger.com/profile/13262455261574183761noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-80309580377695679512014-11-10T17:14:31.695+05:302014-11-10T17:14:31.695+05:30What was your SL after entry for your last trade?What was your SL after entry for your last trade?L.V.Gandhihttps://www.blogger.com/profile/08617098959830719448noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-83118895395246211792014-11-10T16:22:37.511+05:302014-11-10T16:22:37.511+05:30Hi ST,
Where was your initial SL for the last trad...Hi ST,<br />Where was your initial SL for the last trade, I got stopped out and reentered. Trekkiehttps://www.blogger.com/profile/09806847902618946893noreply@blogger.com