Nifty opened within Previous day last move and moved down. Expected PDL to hold on the first test. Thought of doing a TT ( Touch Trade) Buy at 8440 with stop at 8430. Entered the order and waited. Nifty fooled me and went up. Tried a TT at range high. Sell at 8472 with SL 8482. This one got filled. Brought down SL to 8475 with 3 point risk. I was targeting PDL . But price bounced from then LOD covered at RN. Again I expected a test of PDL.Did not get a fill. Price again went up a little tested range low again. Bought at 8451 with SL at 8443 . 8 Point risk. I strongly felt price is not interested to go below RN and the expiry game has started. There was a little chop around NS RN which was also IRH. Did not micro manage. Price moved up after a TRAP. Usually I used to get stopped out here. Price went up vertical and moved above BRN. Long covered. My short order below the swing low did not trigger. Missed the final short.In hind sight I feel it was a good blind short above BRN
Sir, My trades.
ReplyDeletehttp://screencast.com/t/lTyda5mKS6f
For new comers. See it. to believe it.
http://screencast.com/t/6cOHiRol
Thanks a lot sir.
Nice trades.Well done
DeleteST
Extra ordinary trade Sir, For me long way to go still reading your book and watching your trades
ReplyDeleteTrading is something we learn by doing. It evolves over time
DeleteTime is a factor in any skill development.Persist. The reward is worth the effort
ST
Hi ST,
ReplyDeleteYour trades are Super.
My trades are here please review
http://www.screencast.com/t/wr82KoSPQ2
Nice Trades
DeleteSecond and third were super. Trading inside a 20 point range like your first requires a different approach
I am working on touch trades.
ST
please explain at which scenarios we can try touch trades?
DeleteHi ST,
Delete1. 8472 looks like strong filp zone, I could realize only now by looking at bigger picture, is that the reason behind touch trade?
http://screencast.com/t/Pm1p0OuvS
2. Do you look into higher TF chart in live market other than 3min TF.?
Trade was with trend. It was the first test of the area
DeleteIt was a good flip zone.Retrace of a fluid created by quick down move
It was also a gap closure
I dont look at higher time frame charts. But notice the areas from momentum moves originated
ST
Excellent detailed write up on your trades. So no question arises today to ask.
ReplyDeleteThere was a discussion with sanjaya long back about the subject
Deletehttp://niftynirvana.blogspot.in/2014/02/11022014.html
It can be used many ways. I will try to make a separate post
ST
I took BPB of PDC above 10:42 bar high. Was it correct? If it should have been avoided what should have been the reason? However after after entering I got out below 10:45 bar low not 10:48 bar low. What is the correct step.
ReplyDeleteSorry. I could not locate it on my chart
DeletePlease do post a chart
ST
Sorry. In stead of 9:42, 9:45 and 9:48, I put as 10 in place of 9. I hope now I am clear.
DeleteSir good evening,sir from trap area to BRN can it be called a impulse wave,kindly update thnx
ReplyDeleteIn between there was a pull back after breaking PDC
DeletePDC to BRN is an impulse. Price pulled back and made another impulse to HOD
Pull back low became MSP and MSP crack caused the fall
ST
ST
Sir thnx
DeleteST sir
ReplyDeleteGood to see your fantastic trades. You successfully adapted the aggressive kind of entry that you discussed in last few days. If possible please make a separate post to enlighten us on the same.
Thanks.
URD
Sure. Will try this weekend
DeleteIt requires a little bit of study
http://screencast.com/t/rIYs2XL4g0Vh
ST
ST