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

Tuesday, January 28, 2014

28012014


Announcement day. Did not trade till the dust settled after the announcement. There were two opportunities BOF of IRH and BOF of BRN. These trades were very profitable if somebody took it. I stand out during announcements. The only trade I took was the BOF of IRL/PDL. The trade did not move.Scratched this one Then there was a TRAP . But the trade did not trigger.

26 comments:

  1. Sir,

    I took your trade too...
    closed it when price flip failed, with profit.

    Was I right?

    Raghu

    ReplyDelete
  2. Raghu

    Yes. I Exited when price climbed back to the small range.I was expecting it to run

    ST

    ReplyDelete
  3. Hi
    Did not get chance to take both the trades which u mentioned at the extremes.

    Was BPB PDL a valid trade??

    Plz click here

    Thanks

    TBP

    ReplyDelete
  4. ST,

    I took the BOF of BRN and exited at IRL. I immediately reversed as the bias was short and I saw the BOF of IRL and covered at BRN again. Was the 2nd trade legit (although it worked). I too scratched the 3rd trade.

    ReplyDelete
  5. TBP

    Nothing wrong.
    But managing such trades are very difficult.It is fun if you are on the right side of the move.But think about the BO traders who went long on the BO of IRH

    ST

    ReplyDelete
  6. Nikhil

    Nothing wrong in it.
    But must be very careful during announcements. It is playing with a double edge sword. May get wounded badly.Here luck plays more than skill

    ST

    ReplyDelete
  7. good evening sir, today i took one short position BF of Do and exit with small profit sir can you explain about FTC with example ......? pls

    ReplyDelete
  8. sir where is your home town.....? I am from n.paravoor

    ReplyDelete
  9. Hi Sir,

    Please tel me, there is no trade signal...when it is TST..IRH..first time (before bill fall)?


    Thanks,
    Mahesh

    ReplyDelete
  10. hi TBP,

    on such v shape recovery days I plan this way...

    I entered long at BRN and reversed twice the quantity at PDL as well as its approximately DO too. not sure the move will resist there but i was alert to scratch short trade it if goes wrong. based ont he profits that you made from long trade.

    This is how I play on last day of contract too but with small quantity.

    Raghu

    ReplyDelete
  11. Anoop

    I will make a post on FTC
    I am settled at Mannuthy, Thrissur

    ST


    ReplyDelete
  12. Mahesh

    It was a BOF of IRH before the big fall

    ST

    ReplyDelete
  13. ST,
    If your time permits make a post on scratching the trade too ...
    Mainly on exits


    rgds
    Kishore

    ReplyDelete
  14. Kishore

    There is nothing to write about scratching. If you feel your trade is not moving as expected, you exit at a small profit or at a small loss avoiding a full stop out.
    You can always reenter. If you make a 2 point profit the trade will breakeven. If you hope and hang on till a stop out ,this will eat the next trade profit

    ST

    ReplyDelete
  15. Raghu,

    Nice trade. And great adeptness.
    Infact today when i arrived, the Nifty had already formed BOF BRN.
    Was not in a position to take the trade.
    Thanks for the comment. Will keep in mind the nimbleness

    TBP

    ReplyDelete
  16. TBP,

    thanks for the humble comment.

    to be precise "reversed twice the quantity" really means that i Have already placed that trade with double quantity just after the long is triggered, got alert/focused once the long closed and short triggered at the same time.

    Sorry I was not that clear last time.

    Raghu

    ReplyDelete
  17. Sir good evening , sir the guidance and the trade set up posted by you today is on 3 min T/f . kindly update thnx

    ReplyDelete
  18. Hi Sir,

    I am bit confusion regarding tst and bof? pls check the screen shot and let me know sir.

    http://tinypic.com/r/2ymxded/5


    Thanks,
    Mahesh

    ReplyDelete
  19. Mahesh

    Every touch of a DP is not a TST (The trading pattern we refer to). It should be the test of the boundary of an established tradeable range. The target of a test trade is the other end of the range. Range should be wide enough to initiate a trade. Price touching a resistance is not a signal to go short.
    Do not trade with real money. Go through the important posts and understand the concepts well. There are much more to price action trading. Simply searching for patterns will not give any result

    ST

    ST

    ReplyDelete
  20. Sir just needed your confirmation as
    as i got confused or really forgot that is it 3 min or 5 min t/f and nothing else thnx

    ReplyDelete
  21. Hi Sir,

    Thanks for your explanation , will do the same...

    Recently started to go thorough your posts and pdf document...

    Still so-many things to learn...

    Once again thanks for the information.

    Thanks,
    Mahesh

    ReplyDelete
  22. sir,

    How to use price action for swing trading, any body have success with stocks futures or what type of stock futures are suitable for price action trading

    ReplyDelete

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