Nice humour. Really pathetic volumes. Nifty traders about to get extinct I guess.
I had a query. I trade 5 min charts. Wanted your opinion whether it was FTC when prices formed DB and failed to reach PDH and retraced back to PDC and below.
18122013 FTC trades are always CT trades. It should be taken only when a directional move gets exhausted. Other factors like FTA and space are very important here also ST
Thanks ST for the reply. Was studying the post u mentioned. Can I say that if a swing high or low is not taken out upon retest only then FTC occurs? Nothing other than swing high or swing low?
TST and BOF of a DP is also Failure of price to continue beyond a certain point. The difference is TST and BOF happens when price interacts with an established DP. But FTC happens not at an established DP but a potential swing point which may become a DP later. FTC being a CT trade and not at an established DP are low probability trades in comparison with TST or BOF I will make a separate post later
Hi ST,
ReplyDeleteNice humour. Really pathetic volumes. Nifty traders about to get extinct I guess.
I had a query. I trade 5 min charts.
Wanted your opinion whether it was FTC when prices formed DB and failed to reach PDH and retraced back to PDC and below.
Plz click here
Thanks
TBP
ST which data provider do you use for charts ?
ReplyDeletelol sir
ReplyDeleteyours,
karti
Xrtrader1
ReplyDeleteIcharts web charting
ST
TBP
ReplyDeleteNo .FTC happens when price forms a swing pivot and second push after a pullback fails to break this pivot.
ST
Hi ST,
ReplyDeleteThanks for the explanation
TBP
Wish you happy New Year Sir.....
ReplyDeleteST,
ReplyDeleteCan I have an example of the above?
Thanks
TBP
TBP
ReplyDelete18122013
FTC trades are always CT trades.
It should be taken only when a directional move gets exhausted. Other factors like FTA and space are very important here also
ST
Thanks ST for the reply.
ReplyDeleteWas studying the post u mentioned.
Can I say that if a swing high or low is not taken out upon retest only then FTC occurs? Nothing other than swing high or swing low?
TBP
TBP
ReplyDeleteTST and BOF of a DP is also Failure of price to continue beyond a certain point.
The difference is TST and BOF happens when price interacts with an established DP. But FTC happens not at an established DP but a potential swing point which may become a DP later.
FTC being a CT trade and not at an established DP are low probability trades in comparison with TST or BOF
I will make a separate post later
ST
Sir PDH was @6380 and in todays analysis you have marked @ 6360 i could not understand it , kindly update thnx
ReplyDeleteST,
ReplyDeletepicture much more clearer now.
thanks for the explanation
will wait for the post also
TBP
Amber
ReplyDeleteI ignore tails.
ST
Hello ST, One question I got for you.Dont you trade anything except Nifty?
ReplyDeleteSir thnx very much
ReplyDeleteViren
ReplyDeleteAt present I am totally focused on Nifty Futures
ST
Broker robs Rs. 40 at the most. Govt. robs more than 80% of the transaction cost!!!
ReplyDelete