There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Monday, July 30, 2012
30072012
Nifty gaped up within previous day range. Almost all the day it moved quietly in two different ranges. There were only two reliable signals. BPB of PDH and BPB of BRN.. The seconed signal came very late.
Sir, I visited your sites through ref of bog of Sir,Sunil Saranjame,to whom I am extremely thankful.I read your all post.Your DP trading was convenvence my mind as 15-20 points swing in 15 M.with no study what so ever single market single instruments & single T/F 3M.Independent of Hour or Day T/F & sleep like "Baby" all wonderful. To delete my I-D trading history I stopped I-D trading & observed your strategy and all post ref.After observations of 100 charts and 15 days live mkt I traded to day successfully your concept.Mkt O > PD C, never went below opening candle & so bullilsh IR.BO on PDH and BPB I brought 2 mini nifty @5195 at14.27 AM with view on your WVAP strategy sold @ 5223 at 15.17AM.Your thinking something diffirently is awesome "classic cigar pattern" vow!
Happy to note that you are getting the feel of it Do not over complicate. Let the price interact with a Decision Point.Watch what is happening. Sooner or later somebody is going to win the fight. You join the winning team with a stop loss on the other side of DP.Very simple.
Yes, it was a very tight set up today.
ReplyDeleteI went long early morning on the pullback at 71 but I used time stop and closed my trade at 63.
Again went long after b/o over 75 and closed at 5220+
SS
ReplyDeleteYes, classic cigar pattern !!
After moving in a tight range for two hours, it will either go up like smoke or fall down like ash. (^o^)
ST
What a nice name! The Cigar Pattern! hehe, perfect!
ReplyDeleteOne interesting point - breakout over the yesterdays high - was a nice DP long trade.
Thanks,
... just to add... this trade also took time but I waited as I felt that it would work.
ReplyDeleteLet's hope that tomorrow we get a canon pattern! type 1 day - enter in the morning and exit by 3.
:p
SS
ReplyDeleteतथास्तु
ST
sir...why BOF at BRN not considered???i exited my longs there and shorted...exited shorts with 2 points loss..:)
ReplyDeleteSir,
ReplyDeleteI visited your sites through ref of bog of Sir,Sunil Saranjame,to whom I am extremely thankful.I read your all post.Your DP trading was convenvence my mind as 15-20 points swing in 15 M.with no study what so ever single market single instruments & single T/F 3M.Independent of Hour or Day T/F & sleep like "Baby" all wonderful.
To delete my I-D trading history I stopped I-D trading & observed your strategy and all post ref.After observations of 100 charts and 15 days live mkt I traded to day successfully your concept.Mkt O > PD C, never went below opening candle & so bullilsh
IR.BO on PDH and BPB I brought 2 mini nifty @5195 at14.27 AM with view on your WVAP strategy sold @ 5223 at 15.17AM.Your thinking something diffirently is awesome "classic cigar pattern" vow!
Hahaha Cigar pattern. U seem to be inventing new terminologies.
ReplyDeleteNow when are u going to write a book of ur own. :)
A few years down the line we might hear of an ST indicator or ST pattern :) Good. At least u r original.
Sunil u are busy trading and u r not updating ur blog. Not fair.
Bizagra
ReplyDeleteWhere is BOF of BRN ?
It was just a TST.Better avoid TST counter trend trades.
ST
Harish
ReplyDeleteHappy to note that you are getting the feel of it
Do not over complicate. Let the price interact with a Decision Point.Watch what is happening. Sooner or later somebody is going to win the fight. You join the winning team with a stop loss on the other side of DP.Very simple.
ST
Anon
ReplyDeleteThere are many interesting patterns people trade.
Read
Another "A" certified adult pattern
Read
ST