Tuesday, May 5, 2015

05052015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis   
Nifty opened within previous day range. Went long above IRH. Stopped out. BOF short at PDH gave 20 points. Another short after a TRAP like pattern on break of range low moved well. But gave back most of the profit sitting through the pull back which was quick. No other trades

8 comments:

  1. Thanks ST, Nice to see your post. Acts like compass to Trading journey.

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  2. dear sir, I did not short at TRAP and BOF of IRH due to RN. at which situation we should avoid such barrier ? pls,advise

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    Replies
    1. You can try such entries on break of levels tested at least twice to ensure SL order accumulation
      That move was just stop triggering . That is why it recovered so quickly

      ST

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  3. Good morning. Thank you for the chart. You may not know the answer for this but thought I would ask.
    I am curious if you or know someone who has successfully applied DP method to any of the US indices like NQ or YM or TF or ES? I see the DP method is quite well suited for Nifty by looking at your charts but was not sure if you know the applicability of DP method to NQ or YM or TF or ES.
    Thank you for your help.

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    Replies
    1. Method will work in all day markets
      In 24 hr markets like forex , there is no relevance for levels like PDH,PDC,etc

      ST

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    2. Hi ST/AHGTrader, I am also planning to do DP on US Market.

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  4. Hai sir , are u from kerala

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