Friday, July 11, 2014

11072014



Nifty opened above PDC and moved up. I was looking to short as I was bearish. Short on BOF of BRN 7600. As expected price moved to IRL, the FTA.TP at IRL. Price moved up and tested the BRN thrice. Last one was a minor BOF. Shorted to cover the trade below PDC as price stalled. Tried a long on BOF of BRN. Covered when it failed to cross RN 7550. Avoided short trades as Nifty was down 150 from days high. Being friday I did not expect any commitment from traders
I will be back only on Tuesday.Driving to the hills.This time Romancing the Rain at Wynad

18 comments:

  1. ST Sir,

    Managed to bag 66 points today… volatility increasing these days.. good for DP traders :)
    Enjoy the trip :)
    Trades here

    ReplyDelete
  2. Hi ST,

    Enjoy your trip..If dropping by Mysore do let me know :))

    Took only one trade in the morning BOF of BRN...When I was back-testing and taking some training using Bar Reply, I am finding comfortable with 2min bar..even today's trades were with 2min bar. Is there any problem using 2 min bar?

    Cheers!
    GK

    ReplyDelete
    Replies
    1. No problem at all.
      We are trading horizontal price levels.
      Acceptance and rejection at these levels are important not candle pattens

      ST

      Delete
  3. Sir,

    Have a great weekend at Wynad.

    S.Karthikeyan

    ReplyDelete
  4. Hi ST

    Have a great trip.
    Do share some pics.

    Thanks
    TBP

    ReplyDelete
  5. Ahhh rains!! my favourite time!! Enjoy the trip ST.

    ReplyDelete
  6. Sir good evening and best of luck for your weekend,take care thnx

    ReplyDelete
  7. Sir

    Watched the video. It seems wonderful place. Mother nature at its best. Would love to be there one day...

    Have a nice time.

    URD

    ReplyDelete
  8. Me too.. Hope to be there some day... such nice place...

    ReplyDelete
  9. Happy holidays Sir,,A break like this will definitely take you from extreme to balance always,
    Relax and Enjoy

    ReplyDelete
  10. Hi ST
    Hope u had a great trip to Wayanad.
    I have few queries..

    I want to switch to 3 min chart.

    The GCI MT4 chart has a lag which makes decision making difficult.

    I want to ask you about icharts as follows:

    1) Do we get all intraday futures charts?
    2) Do we get Nifty and bank nifty options charts?
    3) Does the candle gets printed only after the chosen time interval or is it a continuous process?
    4) For all this what are the yearly charges?

    Thanks for your help

    TBP

    ReplyDelete
    Replies
    1. 1.With Icharts premium. Yes
      2.Yes But Still on BETA
      3.Continuous
      4.Around 900 PM
      http://www.icharts.in/details-of-our-premium-services.html

      ST

      Delete
  11. how to know the current bias and wat r the signals of bias changing and how to know that the bias has changed?

    ReplyDelete
    Replies
    1. http://www.niftynirvana.blogspot.in/2013/06/trading-plan.html

      ST

      Delete

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