Nifty gaped down near PDL. Went short on the BPB of PDL. TP when price refused to move a third leg. BOF of PDL gave another short signal. TP when price managed to trade above Range low. I am going out of station tonight. Will be back only on Saturday. Trade well.
Sir,
ReplyDeleteIf time permits, please answer. Do we have a significant critical mass now? If so, it is Longs?
As tomorrow is Friday, I would like to know this.
Thanks
S.Karthikeyan
No questions, thanks you.
ReplyDeleteWish we had a thank you button.
Dear ST,
ReplyDeleteStill awaiting your explanation on the TT concept.
ST Sir,
ReplyDeleteThis query is just for the sake of clarity because I try to emulate your trades post-market with similar markings on the chart.
Where you said, "BOF of PDH gave another short signal", can I rightly presume you actually meant PDL.
Regards,
KSG
KSG
ReplyDeleteYes PDL.Price never touched PDH
ST
SK
ReplyDeleteToday many swing traders might have reversed to shorts. If tomorrow morning session market falls, we can expect a reversal at the fag end
ST
Nikhil
ReplyDeleteWill do it
ST
Sir,
ReplyDeleteThanks for the guidance.
S.Karthikeyan
sir,
ReplyDeletein your bof trade, can we short below the low of the break out candle?
Anon
ReplyDeleteYou can do it
But when there is a swing low nearby, cant we expect some stops below it in our favour?
Suppose you entered on the BO of PDL where you will keep the stop?
ST
Sir good evening , sir as in todays trade BOF happened ,what will be the confirmation that this trade can move upto BRN , kindly update thnx
ReplyDeleteAmber
ReplyDeleteNo confirmation.
Once a DP breaks there is a high probability of price moving to the next DP.
ST
sir good morning and thnx very much
ReplyDeleteSir good evening ,sir in todays trade in 5 min t/f can 9.35 a.m candle can be taken as MSP,kindly update thnx
ReplyDeleteST, in the first trade, did you short below the fifth bar? Thanks.
ReplyDeleteIt was a blind short which I call TT ( Touch Trade)
DeleteI did such a trade on 12022014 which was a long trade.
Nothing new.The good old method of buying a support and selling a resistance
ST