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

Monday, October 20, 2014

20102014


Nifty gaped up above PDH. Did not expect further up move. IR formed. Went short as FTC when price broke IRH. Covered when price bounced from BRN. Next two trades were within a BW around BRN. First one scratched and second stopped out.

17 comments:

  1. Hi ST,
    my trade .
    Should that be avoided?
    http://tradingdecisionpoints.blogspot.com/2014/10/10202014-i-was-away-in-morning-just-one.html

    rgds
    Kishore

    ReplyDelete
    Replies
    1. I have taken that trade
      Price was reentering the early range. naturally we will go long targeting HOD
      Got trapped in BW

      ST

      Delete
  2. I went long after the Pin bar around 10:07 (thought it is BOF of LOD) and covered at 7929 near HOD. Missed the FTC. Did not short at BPB of LOD since PDH was near. Went Long again on BOF of LOD at around 2:50. This on had to be scratched.

    ReplyDelete
  3. Hello,

    Do you place your sl order right away once you enter into a trade?
    or give some time for the trade to move and place SL if things don't improve?

    ReplyDelete
  4. Hi ST,
    After you exited the first trade, why did you reenter on the same pivot? were you expecting some good move?

    ReplyDelete
    Replies
    1. There was Fluid below. Expected some move

      ST

      Delete
  5. ST, thanks a lot. What was the thought process in scratching that second trade? Some times I find myself trailing bad trades and scratching good ones.

    ReplyDelete
    Replies
    1. I waited for a pullback and failure to continue beyond the extreme was a signal to exit

      ST

      Delete
  6. Hi ST,
    Found a good article. Posting link for the benefit of all. Kindly post if you find it relevant.
    http://lessons.tradingacademy.com/article/why-supply-and-demand/
    Thanks

    ReplyDelete
  7. Hi ST,
    Please correct my thought process. I didnt take entry so far because IR high was only 10 points away from PDH, Thought of taking long above PP type entry near PDH, but wasnt sure about going against PDH, so waited for BPB. BPB was only 12 points away from RN. so waited for pullback above RN, something wrong with my thought process here right? :)

    ReplyDelete
    Replies
    1. Market has proved whether you were right or wrong
      Hope you could ride the FTC down move and BOF of BRN up move

      ST

      Delete
    2. ST,
      Yes :) :) These days market is bent upon proving me wrong, at least today I closed green! but please tell me how you analyzed. Thanks

      Delete
    3. Sorry ST, I know your thought process, but please tell why my thinking is going astray like this :(

      Delete
  8. ST,
    Do you think there will be any signifcant trading tomorrow given its Diwali in some parts?

    ReplyDelete

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