Hi ST, When you exited, where was your SL - Just at the high of Red Candle or few points above. I kept it 2 pts above that (just trying to be more precise). Thanks,Deven Malhotra
It was a point above the red candle.That candle was a MC and I exited above itST
Is there any entry long possible (TST at LOD) at the point where you have TP.
In live market it is very difficult to take such counter trend TST tradesIn hind sight when you look at the chart it may look nice. You can confidently go long if it was a BOFTST and BO trades are blind trades where as BOF and BPB are confirmed trade signalsTST signal can be a stall or a small pullback of the trend. BO trades are likely to fail most of the timeBetter stick to BPB and BOF initiallyST
Hi ST,I took the short there but below DO only, was it wrong entry?
HI ST Sir,As Market opened above PDL, within the previous Daily Bar.Should'nt we look for long opportunity , when you say " Avoided the the TST long as it was CT " I am getting confused.As I skipped BOF of BRN thinking that the IRH will give support ( I drew the first bar as IRH) and was waiting for BOF of LOD or PDL.Please explain a little as I am working on ' DAILY DOSE'. ThanksArvind.
We look for long when daily in rallyWe look for long when price trades in a higher range than the previous rangeHere price is in a decline mode and trading near the bottom of the previous day range. So preferred trade is shortYou can always try BOF trades on CT moves as we try to buy the lows and sell the highs of ranges. But avoid CT TST trades.Trend trades are always preferred. ST
Hi ST,Good Morning. I missed this morning's ride totally. Where did you catch it?
Above the first pull back high. Still ridingST
HI, I entered as bof of PDL above swing high 7979 and exited below 9.54 bar as second push failure. Was my exit wrong. and should I have entered ab 9.18 bar ab 7968
What you have done is right. Entry and exitI could ride it a little longer as my stop was below 9.45 Master candleMy stop escaped only for a point.It was only luck. Price has created a log fluid. watch itST
Daily Rally Daily Decline Price in Higher Range Price in Lower rangeBuying Range Low A B A BSelling Range High B A B ABuying Range low is an AA trade when price trades in a higher range and Daily in a Rally modeBut it is a BB trade when price is in a lower range and Daily in declineAA trades are best, AB medium and BB least preferred. BOF can be attempted even on BB tradesHope I could explain it ST
Top line is heading. not coming properlyDaily rally, Daily Decline, Higher range, Lower RangeA and B coming under these headingST
Hi ST, Nice explanation, thank you. Yesterday (Sep 18) I lost my network totally after about 10 am, so no trades after that. Missed the morning rally because I was on the phone (at least thats my excuse, not 100% sure if I would have taken that trade had I not been chatting away while watching chart)
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