Wednesday, September 4, 2013

04092013



Nifty opened above PDL and and attempted to break below it.. First trade was a long on BOF of PDL above the pin bar. Covered when it fell back below BRN. Another long trade on BPB of BRN and IRH. TP at 5450. Shorted below the range low as FTC above HOD. TP at IRH. Skipped the BOF long of BRN. as I was expecting another leg down. I wonder what caused a sudden fall from the range low to BRN. Did not find any other reliable trade signal later
at

15 comments:

  1. sentuSeptember 4, 2013 at 3:57 PM

    Sir,why u not taken trade at BOF of HOD..?

    ReplyDelete
  2. Sunil SaranjameSeptember 4, 2013 at 4:24 PM

    Good ones. I did the same on 15 min.

    Thanks,

    ReplyDelete
  3. The stalkerSeptember 4, 2013 at 7:14 PM

    Sir

    Which type of order do you use for entry and exit.limit,market or stop.

    thanks

    ReplyDelete
  4. SMART TraderSeptember 4, 2013 at 7:38 PM

    Sentu

    BOF of HOD came very late
    Usually after 3'o clock there won't be any commitment from day traders

    ST

    ReplyDelete
  5. SMART TraderSeptember 4, 2013 at 7:38 PM

    SS

    Thanks

    ST

    ReplyDelete
  6. SMART TraderSeptember 4, 2013 at 7:42 PM

    The stalker
    My entries are almost always limit orders. Immediately on entry I put a stop order. But most of the time I exit with Market orders

    ST

    ReplyDelete
  7. AnonymousSeptember 4, 2013 at 8:38 PM

    Hi,

    what made you expect an other leg down?

    last day diff b/w LTP and ATP Played out well in first min!!!

    Babu

    ReplyDelete
  8. SANDAMARSeptember 4, 2013 at 9:30 PM

    Sir
    Don't you think that your system will become less effective as more and more people learn it from your blog and start following it?

    Thanks


    ReplyDelete
  9. SMART TraderSeptember 4, 2013 at 9:30 PM

    Babu

    Most of the time after such momentum moves there will be a second leg retest of the low. V reversals rarely occur

    ST

    ReplyDelete
  10. SMART TraderSeptember 4, 2013 at 9:50 PM

    SANDAMAR

    No Way, In fact it will make the method more effective.If another 10000 people enter along with me means massive order flow in my favor. This alone will be sufficient to take my position to profit.

    ST

    ReplyDelete
  11. SANDAMARSeptember 5, 2013 at 6:20 AM

    Great.

    ReplyDelete
  12. AnonymousSeptember 5, 2013 at 5:06 PM

    Dear sir,plz can u suggest me very very low brokerage housing for scalping.
    yours,
    pravin

    ReplyDelete
  13. sentuSeptember 5, 2013 at 7:15 PM

    Sir,
    Happy teachers day as u taught me how to trade intraday.You r the only reason why i earn substantial everyday when all of my frnd seaching for job.Thank u for showing me path.One day i want to meet u personally.THANK U.

    ReplyDelete
  14. SMART TraderSeptember 5, 2013 at 8:23 PM

    Pravin

    Zerodha and Trade Smart Online are good I think

    ST

    ReplyDelete
  15. SMART TraderSeptember 5, 2013 at 8:27 PM

    sentu

    Happy to hear that you are trading the method profitably. All the best

    ST

    ReplyDelete

Note: Only a member of this blog may post a comment.