Friday, August 1, 2014

01082014



Traded the August chart. Nifty gaped down below PDL. IR formed. Did not trade the area between BRN 7700 and PDL 7750 as this area was PDC and PDL in continuous charts. Nifty sold touching PDL. Went short below IRL. After a scary pull back it was smooth ride till NS BRN level.
U R Dave has posted his trade journal for the month of July.Great going URD. Congrats ( Read

10 comments:

  1. ST Sir,

    Nice Trending day, bagged 79 points.
    Trades here

    ReplyDelete
    Replies
    1. Good trades
      I missed the up move due to over analysis

      ST

      Delete
  2. Hi ST
    Did not understand the reason behind not trading the CT long trade.

    Thanks
    TBP

    ReplyDelete
    Replies
    1. It was PDC and PDL area on continuous chart
      See 31072014 chart. So avoided

      ST

      Delete
  3. Sir

    Thank you very much. All I could achieve is only because of you. It was not possible without you.

    URD

    ReplyDelete
  4. “Any darn fool can make something complex; it takes a genius to make something simple.” - Pete Seeger

    You made it all simple for us ST...thanks

    ReplyDelete
  5. Hi ST Two crisp questions

    1. How do you get 3 mints live candle chart of the nifty
    2. How do you draw DPs on the live chart.

    thanks for your great blog

    ReplyDelete
    Replies
    1. I am using Ichart.in web based chart.
      You can type and draw manually on I chart

      ST

      Delete
  6. Hi ST,
    Today (4 August ) after three attempts to breakdown 7650 failed, I tried a long above 9.33 bar IRH. While waiting, a pivot formed at 10.42, I took long above 9.33. Was I correct or should I have taken above 10.42?

    ReplyDelete
    Replies
    1. Both will work. We are trying to ride stop triggering. But more stops will be above the extreme
      But you may get easy fill at the first level.

      ST

      Delete

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