Tuesday, February 21, 2012

21022012




There was some problem with data feed during market open it seems.One could have taken trade 1 as a continuation of yesterdays move. But the first bar spoilt everything . Second trade was a disaster. Third one the retest of a broken support  ended exactly at the FTA.. Fourth one was a good trade when the second attempt to go down failed to continue.Last BOF did not move, a breakeven trade,
Tomorrow If the market opens around today's close ,5600-5630 may act as a range


Trade the price levels not patterns.

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9 comments:

  1. nirtosJanuary 5, 2014 at 9:43 AM

    Dear ST, I am going thru ur previous posts to gain some experience . how to avoid your second trade. : Two pin bar at high.

    ReplyDelete
  2. SMART TraderJanuary 5, 2014 at 7:36 PM

    nitros

    I will not take the second trade now. I will be entering only on the break of HOD

    Do not go through very old posts as it will add to your confusion. The method and entry techniques have evolved over time.

    Trading is something you learn by doing. I have spend a lot of time to perfect the method before. Later I understood that we must start doing it and solve the issues as we progress

    ST

    ReplyDelete
  3. TrekkieMay 10, 2014 at 11:00 AM

    Hi ST,
    I was also going thru old charts until I came across this post. What is the oldest post from where I can start.

    ReplyDelete
    Replies
    1. SMART TraderMay 10, 2014 at 11:46 AM

      S Roy
      Blog was started on 30012012
      Dont give too much of importance to older charts as the method has evolved a lot over time ,even though the core concept remained the same. My intention was to document my thoughts lying scattered all over my brain. Never thought to make it public then. Some how it happened.
      ST

      Delete
    2. TrekkieMay 10, 2014 at 2:00 PM

      Hi ST,
      Thank you so much, its a privilege to go thru all your charts review your thought process. From which point would it be good to review? 2013 perhaps?

      Delete
    3. SMART TraderMay 10, 2014 at 3:20 PM

      S Roy

      It will be Ok since 2013

      ST

      Delete
    4. TrekkieMay 10, 2014 at 4:01 PM

      Thanks a lot ST.

      Delete
  4. goodidea.vishalAugust 3, 2014 at 8:27 AM

    Thanks ST sir , for mention when i start to read niftynirvana on march i read , whole blog each ad every post .
    know i think revision of one more time each and every post , now reach to this post now .......see your ans. to S Roy .

    can i skip 2012 all post of day trade ...???? .( i read rats n runs & structure and pattern)

    is it fresh start enough to read from jan 2013 ...??

    thank you

    ReplyDelete
    Replies
    1. SMART TraderAugust 3, 2014 at 10:41 AM

      Vishal

      Any method evolves over time. Not the core concepts, but tactics.
      You can look at daily posts from 2013 as I have somewhat stabilized.
      Still a long way to go. still cant do these kind of entries
      http://goo.gl/zSW73j

      ST

      Delete

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