Wednesday, October 22, 2014

22102014


A 15 point Barbed Wire around BRN the whole day. Or we may call it a Cigarette. No trades today
at

16 comments:

  1. UnknownOctober 22, 2014 at 3:43 PM

    Hi ST

    Happy Diwali to you and your family...

    TBP

    ReplyDelete
  2. L.V.GandhiOctober 22, 2014 at 4:55 PM

    Happy Deepavali to You and Your family.
    Why did you not trade BOF below 14:42 bar low, as last day before holidays, offloading expected, though it did not occur.

    ReplyDelete
    Replies
    1. SMART TraderOctober 23, 2014 at 8:13 PM

      I did not expect any moves. Market was in a holiday mood
      Pathetic volumes at only 1,78,728 contracts

      ST

      Delete
  3. Trader PaiOctober 22, 2014 at 7:57 PM

    Hi ST,
    Happy Deepavali.

    Please comment on my trades

    http://tradingdecisionpoints.blogspot.com/2014/10/blog-post_22.html

    thanks n rgds
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderOctober 23, 2014 at 8:02 PM

      Avoid trading very narrow ranges.
      Logical target is always the other extreme of the range. Break of that level is just a HOPE
      From RR point of view it is not worth risking

      ST

      Delete
    2. Trader PaiOctober 24, 2014 at 11:12 AM

      ST,
      Since I am not trading BO I end taking BOF of small ranges to be safe if there is a BO on the other end

      Kishore

      Delete
  4. sentu shilOctober 22, 2014 at 8:16 PM

    Sir,

    Happy diwali...


    sentu

    ReplyDelete
  5. UnknownOctober 23, 2014 at 12:15 AM

    Hi St,

    I was so curious during market hours to see what possible trade could have done. Happy Diwali.

    ReplyDelete
  6. xrtrader1October 23, 2014 at 2:25 PM

    A very happy Deepavali ST , Family and fellow traders..

    ReplyDelete
  7. Trader PaiOctober 23, 2014 at 8:53 PM

    ST,
    Do you think I should buy this
    Got the link from YTC
    http://www.tradingspreadsheets.com/

    rgds
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderOctober 24, 2014 at 9:09 AM

      Focus on skill development. These are all waste of money
      If you have too much money and itching to spend, this can also be considered
      Very cheap. Just a thousand pounds.
      http://www.daytradinglife.com/trading-equipment/worlds-best-day-trading-chair/
      Watch this one also
      https://www.youtube.com/watch?v=YHaKsiUPG4I

      ST

      Delete
    2. Trader PaiOctober 24, 2014 at 11:14 AM

      LOL ST,
      thanks

      rgds
      Kishore

      Delete
  8. rockyOctober 24, 2014 at 12:30 PM

    sir how to identify barbed wire like initally i was took a trade as BPB on short side..as i marjed dp point at round number..

    ReplyDelete
    Replies
    1. SMART TraderOctober 24, 2014 at 1:04 PM

      There is no effective way to identify a Channel and BW
      Once you gets stopped out at a DP be careful of them

      ST

      Delete
  9. PA TraderOctober 24, 2014 at 1:39 PM

    Will you consider the Muhurat trading levels when trading on Monday? Or will you stick to 22nd's price level?

    ReplyDelete
    Replies
    1. SMART TraderOctober 24, 2014 at 2:48 PM

      Better to consider last two days as a single session

      ST

      Delete

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