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

16 comments:

  1. Hi ST

    Happy Diwali to you and your family...

    TBP

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

      ST

      Delete
  3. 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. 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. 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. Hi St,

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

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

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

    rgds
    Kishore

    ReplyDelete
    Replies
    1. 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
  7. 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. 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
  8. Will you consider the Muhurat trading levels when trading on Monday? Or will you stick to 22nd's price level?

    ReplyDelete
    Replies
    1. Better to consider last two days as a single session

      ST

      Delete

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