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

Monday, May 4, 2015

04052015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis  
Nifty opened near PDH and tried to move down but failed. Long BPB of PDH. Covered when second push failed. Long on BOF of BRN. TP near HOD. Attempted a short at HOD and it failed. Final PP trade moved well. Daily now is in rally mode

18 comments:

  1. ST,
    Why you avoided shorting below 12.12 test short at Range high . ?

    Also didnt understand your last trade .. how its a pressure play i was viewing it as range 8290 to 8344

    Thanks and Regards
    Bharat

    ReplyDelete
    Replies
    1. I had a sell order at 8340 and it did not execute. i did not chase
      PP is a BO trade where a lot of stop accumulation happens. Range high tested 6 times earlier and you can expect a lot of stops there

      ST

      Delete
  2. Hi ST

    Can the last trade be taken as a TST trade??

    Thanks
    TBP

    ReplyDelete
    Replies
    1. Yes. But it is psychologically difficult to take
      Price attempted to break 8340 many times and failed. It fell straight
      Naturally one will expect a second leg down after a stall at BRN

      ST

      Delete
  3. one more newbie question :)

    Why you didn't go short when price breached 8300 downwards first time (10:08 bear bar) ? Isn't that a BOF?

    -Market Noob

    ReplyDelete
    Replies
    1. Bias is bullish and we look to go long . Here you look for a BPB to short
      It was not a BOF but a deep pull back to BRN.You can try a short if a bounce happens there and price falls below this swing low

      ST

      Delete
    2. Hi ST,
      I did similar trades ( 3rd and 4th) as yours. but for 3rd trade. what is your fixed/first TA. Also what made you to go short..because the market is in bull controll. but there is lot of space if it creaks BRN (8300).

      Thanks,
      Aristatle.S

      Delete
    3. Expected a bounce from BRN and further down if lucky till PDH

      ST

      Delete
  4. Sir - what was your initial stop for the last PP long?

    ReplyDelete
    Replies
    1. Inside the range
      If you long at 8340, keep SL at 8330

      ST

      Delete
  5. Hi ST,
    Please comment on my trades

    http://postimg.org/image/4ps5w6y07/

    thanks
    Kishore

    ReplyDelete
    Replies
    1. Good trades.
      1,5,6 excellent.
      2. try to enter at or very close to BRN. Most of the time after BOF it will retest
      3,4 managed well.

      ST

      Delete
  6. 1. Your entry for the 2nd trade, was it above the swing high or was it when the price took the high of the inside bar where you had marked the arrow.

    2. Also the tst trade (12:12) you mentioned that didn't get filled at 8340, i am curious, isn't it better to wait for BOF rather than play the TST trade as the stop for the TST trade is anyway the breakout? You could get stopped and it can confirm a BOF.

    Thank you,

    ReplyDelete

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