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

Monday, August 11, 2014

11082014


Nifty gaped up 50 points . Bias was positive. Still tried a short below IR as price failed to continue above the opening bar. Scratched when price bounced from NS BRN area. Rest of the day Nifty traded within this 20 point range. Did not attempt the last BOF trade of LOD as it came very late and it was the best opportunity of the day

17 comments:


  1. ST Sir,

    Narrow range.. managed to bag 19 points.. Your “”Trading Ranges”.. explanation made sideways trading easy for me.. thanks a lot for your efforts.

    Trades here

    ReplyDelete
  2. ST,

    I was trapped today with pressure play at 12.06 and failure of pressure play short entry below 12.12.. can u tell what was wrong with it.?

    Regards

    Bharat

    ReplyDelete
    Replies
    1. Where is space for the trade to move?
      You were trying to trade a 10 point range
      As per my chart there was no PP at 12.06

      ST

      Delete
    2. Hi ST, in my chart, PDH upper tail was at 7618 In that case, would you consider it a PP there, although no trade because of lack of space?

      Delete
    3. No. NS BRN was around 15
      So I wont go for a PP

      ST

      Delete
  3. Sir good evening,sir sent a mail when time permits kindly check thnx

    ReplyDelete
  4. HI ST,

    I didn't take any trade today. for last up move I was waiting for pivot to form so i missed it.
    Gap up/down days always boring.

    Regards
    Naveen

    ReplyDelete
  5. hi,Good morning ST sir,
    Thanks a lot for your selfless suggestions, i have download u r book.
    Thanks again,
    Radha

    ReplyDelete
  6. hi
    we are traders our main aim is to make money, some times nifty may consolidate for long days like last 3 days
    so i think we need to look at adding 1 or 2 others instruments which have movement when nifty not moving, may be stock futures or currency futures or commodity futures. whats ur opinion?

    ReplyDelete
    Replies
    1. One can go for other contracts also
      Nifty and stocks are co related. Commodity is a health hazard
      What about currency?

      ST

      Delete
  7. Hi ST,
    The last two daily bars are making higher highs, but are red. How to interpret this? no commitment from buyers yet? Who is causing the gaps?

    ReplyDelete
    Replies
    1. Dont know who is causing the gaps.
      Colour of the bar is not that important.Price is closing higher
      As long as price trades in a higher range try to buy range lows

      ST

      Delete
  8. HI ST,
    Were there any reasons for not taking the two TST of IRH that occurred later in the day. Thanks.

    ReplyDelete
    Replies
    1. I rarely take TST trades and never CT ones

      ST

      Delete

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