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

Wednesday, April 30, 2014

30042014



Nifty opened above PDC and ran away. Could not capture the up move.Price made 4 attempts to break above PDH and failed. FTC above PDH gave a short signal. Price hovered around BRN for a long time. I was expecting a second leg down through the fluid. Finally price broke down and I covered at DO. Attempted another short on BPB of PDL into the fluid. My target was BRN. A sudden 20 point pull back scared me. But there was no follow up.Flip held well. TP at BRN. Finally a long BOF trade of BRN. It moved more than I expected.

24 comments:

  1. Hi ST
    Very nice trades.ST, Was there any way to capture the initial upmove?
    And also what was the thought process when u covered the first short at DO??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. TBP
      Usual behavior is to form an IR. I would have gone long above IRH
      I never expected the market to go below RN 6750.
      Notice yesterdays 2 falls and todays morning up move Thought the origin of up move will hold

      ST

      Delete
  2. hi ST , this is the first day i have executed all my trades successfully with confidence .total + 90 points
    1. BO IRH , into yesterday,s fluid and critical mass was down, TP at PDH
    2. skipped FTC PDH becoz range low and BRN below. shorted BPB BRN , TP at DO.
    3. BPB PDL, TP at BRN
    4. long at BRN target as flip above .TP 8 points
    5. long at BOF of HOD and BRN , TP with 30 points

    ReplyDelete
    Replies
    1. Sudarshan

      Good trades.
      Cant say it better than Lance
      http://yourtradingcoach.com/2008/05/

      ST

      Delete
  3. Hi ST,
    Three times price broken PDH and finally it went down how did u exactly took that trade. Is there any point to notice before taking BOF of pdh?.

    Regards
    Arun

    ReplyDelete
    Replies
    1. Arun kumar

      Three times price exceeded the level a little bit. On the fourth attempt price could not break PDH and stayed there for two candles. I shorted below the immediate swing low. I have drawn a line there

      ST

      Delete
  4. St.
    Wasnt your second was in to ns brn?
    Rgds
    Kishore

    ReplyDelete
    Replies
    1. Kishore

      I shorted the break of NS BRN 6700 and RN 6750
      There was a premium of 45 odd points approximately. The next big green bar pull back was a retest of NSBRN 6700

      ST

      Delete
    2. Hi ST,
      How do you move ur SL? Do you move on pivots? Doyou move differently based on where price is in relation to PDH, PDL etc.?

      Delete
    3. Thanks st
      Sorry for d typos ...I am in train

      Delete
    4. S Roy

      Once price crosses the FTA, I trail using DPs,Price pivots, and Flips.
      Most of the time I regret after my exit.

      ST

      Delete
  5. Great trades!!

    I like watching your trades everyday.

    ReplyDelete
    Replies
    1. Augu Bhai

      Thanks.
      Your suggestions and comments are always welcome

      ST

      Delete
  6. Dear ST,
    Today, ACC --BOF of PDC.....AXIS----BOF of PDC...HUL----BOF of PDL....ASIAN PAINTS----BOF of PDH......RELIANCE----BOF of PDH/PDC.....done well.
    ACC----14 POINTS.....AXIS----17.........HUL-----3........ASIAN--------3.5.......RELIANCE-------4 POINTS.

    ReplyDelete
    Replies
    1. Shree
      Nice trades.

      Start a blog or a thread in a trading forum and post charts
      It will serve as a trading journal and help you grow

      ST

      Delete
    2. Does the concept work with stocks as much it does with Nifty bcoz sometimes i see stock charts to be so ugly looking and also i have heard stocks can be manipulated. Furthermore, can even big stocks like RIL, SBI, LT be manipulated. And from another angle, Stocks are better as they are standalone whereas NF is not.

      Delete
    3. Manjunath

      We have to focus on what we can control
      Everything can be manipulated. Learn to operate in a manipulated Market
      No other way

      ST

      Delete
  7. Sir good afternoon in your Fluids write up this is mentioned swift moves with relatively equal closings and openings of bars.sir i have seen these in PP also ,kindly update thnx

    ReplyDelete
    Replies
    1. Yes. Pressure Plays usually create Fluids

      ST

      Delete
  8. Hi ST,
    If you get stopped out, do you ever reenter?

    ReplyDelete
    Replies
    1. S Roy

      Very rarely.
      Usually I wait for the price to move away and give me another signal

      ST

      Delete
  9. Dear ST,

    As long as Nifty holds 6700 , there is a possibility of a bounce which can test 6745-6755. Below 6700, day and week becomes negative. As of now, I am long 6745NF with 6730NF as SL and will reverse the trade if nifty spot goes below 6700.

    Rgds

    ReplyDelete

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