There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Wednesday, January 8, 2014

08012014


Nifty opened within previous day range. IR formed. Traded within IR the whole day forming a Barbed wire around BRN. Tried two breakout trades of BRN. One short and a long. Price went exactly where it was supposed to go and refused to go beyond these levels.

13 comments:

  1. Hi ST,

    Traded BN today. The story was the same even there.
    Was BOF IRL(a minor DB) around 1:45 PM a valid trade for Nifty??

    Thanks,
    TBP

    ReplyDelete
  2. TBP

    It was a valid signal. Skipped it as space was less and CT trade

    ST

    ReplyDelete
  3. Sir,
    Why didn't you enter on BOF of IRH? because of BRN, located so closely?
    S.Karthikeyan

    ReplyDelete
  4. Sir,
    Was BOF of IRH around 11:42 AM a valid Short ?I skipped it because of BRN?
    Thanks.
    Dushmant

    ReplyDelete
  5. Sir,

    Both the trades of yours are Snipe shots?

    S.Karthikeyan

    ReplyDelete
  6. KS, Dushmant

    Barbed Wires are very difficult pattern to trade.In hind sight you can clearly see and identify two ranges inside a broad range.Fading the Highs and lows could have made money.
    But in live market it is very difficult to know which level is going to break or reject.Look for the breakout of some levels where you can expect some stop accumulation and exit taking quick profit

    ST

    ST

    ReplyDelete
  7. Sir In this case we could have been tried BOF of IRH & IRL right?

    I am presently holding strangle.

    Raghu

    ReplyDelete
  8. Hi Sir,

    TODAYS GRAPH SIR??

    Thanks,
    Mahesh

    ReplyDelete
  9. Sir is everything ok at you end?

    Raghu

    ReplyDelete
  10. Raghu

    Thanks. Nothing wrong
    Yesterday some unexpected urgent work
    Trading today. Hope you could capture some good moves today

    ST

    ReplyDelete
  11. Sir its good to know that you were just busy, please don't leave us towards some imaginations by going on mute!

    its a 100+ points day for me sir.

    Thank you for your blessings in the form of self less & masterful guidance. Thanks again.

    Raghu

    ReplyDelete

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