Friday, November 28, 2014

28112014


Gap and initial spike consumed 100 points. Did not get any good chance to long. It was channeling all the day. Channel breakdown came very late. So avoided. no trades today
at

11 comments:

  1. UnknownNovember 28, 2014 at 3:42 PM

    Hi ST
    Even though late, was a short below the channel justified??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. SMART TraderNovember 28, 2014 at 3:46 PM

      Market was extremely bullish. But we can expect some short covering at the fag end
      Another positive is that price fell below RN and NS BRN. Target is channel low and price reached there

      ST

      Delete
  2. NPA TraderNovember 28, 2014 at 3:54 PM

    I have gone short at the end of the day. Short on break of MSP.

    http://nsemcxpriceaction.blogspot.in/

    ReplyDelete
  3. ArvindNovember 28, 2014 at 4:09 PM

    Sir, My trades
    http://screencast.com/t/awD8QnIBK

    I sat too long in my second trade , expecting a TRAP in the area where I TP.

    Thanks.
    Arvind

    ReplyDelete
    Replies
    1. SMART TraderNovember 28, 2014 at 4:30 PM

      Price had already moved 100 points then
      FTC was a premature trade.We had discussed it last week in comments section
      http://niftynirvana.blogspot.in/2014/11/more-on-critical-mass_22.html#comment-form

      ST

      Delete
  4. Trader PaiNovember 28, 2014 at 4:25 PM

    Hi ST
    Closed this month at a loss of 60 points compared to a stop out of 100 points in last 2 months.

    thanks
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderNovember 28, 2014 at 4:34 PM

      After accounting commission, I think
      Not a cause for worry

      ST

      Delete
  5. Trader PaiNovember 28, 2014 at 4:36 PM

    yes its net

    rgds
    Kishore

    ReplyDelete
  6. AkhilNovember 29, 2014 at 2:20 PM

    Hi ST, where do you see the current uptrend terminating? Any target level.
    Thanks

    ReplyDelete

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