Hi ST,My trades.Took a second long (i dont know why) and stopped out .I felt the price will move till pdh because of trapped traders ..http://tradingdecisionpoints.blogspot.com/2014/10/blog-post.htmlPlease commentrgdsKishore
Price was already up 100 points from the low without a consolidationAvoid buying after a lot of buying has taken place. Wait for a consolidationST
Yes ST,That Bullish bar just after our SL hit took my mind .thanks n rgdsKishore
Sir,Why did not you TP at PDL?My trades.http://screencast.com/t/m1EKbuRrIiyXThanksArvind
Stop was kept below the BO bar low. It did not triggerGood tradesST
Thanks ST for the trades.TBP
Hi ST, Why didn't you come out, when price didn't make a higher high (in 2nd attempt after BPB entry)? Thanks,Deven Malhotra
I was not very confident about that long. Was expecting a stall or reversal at 7870 area which was a strong FLIP08102014 low. Kept the SL below that MC so that I will not lose. Luckily it workedST
Why did you not take Short below First candle, MC? Can You, please, explain your thought process?
Today an outside trend gap day. So avoidedTrend gaps are likely to attract profit booking at the first sign of opposite order flow.http://niftynirvana.blogspot.in/2012/08/gaps.htmlFurther the area was NS BRN 7800 which was a strong resistance earlier likely to lend supportIt will be clear if you look at the Daily ChartST
Thank you for nice explanation of gaps.
I had listed BPB long of IRH as trade possibility in morning itself... but having missed the initial minute of trading, I wasn't sure what is the actual IRH. It seemed it must be 7845-50 but didn't want to assume blindly, so missed out on the only possible trade for the day.Plan to switch to another chart provider which gives cleaned data for first minute of trading.Gave 2 triggers for short entry for possible BOF but cancelled them since the up momentum seemed quite strong.
Thanks ST. I was aware of this, but it's perplexing why everyone else apart from icharts gives this 'raw' NSE data which has block trades etc. I get data from NLC RT data which is very similar to the Nest trader data, so even that has the usual spikes at open and no great help. Now trying to get trial from global data feeds.After going through many historical charts using 1 min NSE data, my sense is icharts data gives better levels and so better results.
does today qualify to be trend type 1 day? bias towards a range bound kinda day tomorrow?
If you consider the opening gap down as today,s move, it will appear as a reversal dayDiwali Rally is also due. Further Election is round the cornerST
Did you catch the short ST? looking back, 9.21 looks like an awesome entry if we look at 9:18 as a breakout failure.
No. I hesitated and missed itPDC and BRN was a concern. Now a BW around BRN?ST
What is 'BW' ? Please add 'BW' to your glossary .Thanks,Senthil.
it indeed is BW around BRN ... just doesn't move .. should the Decision point now be the BW high ~ 7910?
This month already has too many holidays, tomorrow has been added to the list.
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