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
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18 comments:

  1. UnknownJuly 11, 2014 at 4:18 PM

    Enjoy the Trip

    ReplyDelete
  2. Only NiftyJuly 11, 2014 at 4:26 PM

    ST Sir,

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

    ReplyDelete
  3. Guru Krish (Trading Nirvana)July 11, 2014 at 4:38 PM

    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. SMART TraderJuly 11, 2014 at 4:51 PM

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

      ST

      Delete
  4. nifty for breadJuly 11, 2014 at 4:57 PM

    Sir,

    Have a great weekend at Wynad.

    S.Karthikeyan

    ReplyDelete
  5. UnknownJuly 11, 2014 at 5:41 PM

    Hi ST

    Have a great trip.
    Do share some pics.

    Thanks
    TBP

    ReplyDelete
  6. TrekkieJuly 11, 2014 at 6:32 PM

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

    ReplyDelete
  7. amberJuly 11, 2014 at 7:39 PM

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

    ReplyDelete
  8. Manish BhartiJuly 11, 2014 at 9:10 PM

    Happy weekend Sir.

    ReplyDelete
  9. Uday DaveJuly 11, 2014 at 9:22 PM

    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
  10. vikramJuly 12, 2014 at 7:29 AM

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

    ReplyDelete
  11. Joe PJuly 13, 2014 at 6:08 PM

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

    ReplyDelete
  12. UnknownJuly 15, 2014 at 10:07 AM

    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. SMART TraderJuly 16, 2014 at 4:03 PM

      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
  13. UnknownJuly 16, 2014 at 2:09 PM

    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. SMART TraderJuly 16, 2014 at 4:00 PM

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

      ST

      Delete

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