Monday, July 7, 2014

07 - 07 - 2014



Trade1:
Long at 7803, above IRH, with initial SL 7795..below low of IRH BO candle..
Moved SL to 7798, below BRN.. as NF seems to be back into range
Trail SL hit; exited trade with loss of 7 points
Points earned :  -7

Posted by at

11 comments:

  1. Guru Krish (Trading Nirvana)July 7, 2014 at 5:16 PM

    Rose --- Which trade Freq you are using... My 3m chart doesn't resemble the same at day Open.. I had a freak low of 7760... so dint took any trade...

    ReplyDelete
  2. Only NiftyJuly 7, 2014 at 5:36 PM

    GK,

    3 Minute chart only, i don't see any freak low like that.. not sure how it happened to you.. check with iChart support team once.. they are available in live chat as well.

    ReplyDelete
    Replies
    1. Guru Krish (Trading Nirvana)July 7, 2014 at 6:28 PM

      Rose,

      I am not using Icharts... I am using the one provided by Zerodha..Nest Plus..today's NF Low is 7760.. so it showed a huge Opening candle with Open/high same as 7810 and low as 7760.. such a huge difference made me to wait ...

      Delete
    2. Only NiftyJuly 7, 2014 at 8:42 PM

      Oh, k.. after i started trading 3M charts in iChart platform, i am having only 3 screens.. iCharts web interface to track price.. RKSV mobile to place orders & YOU tube :)

      Delete
    3. Guru Krish (Trading Nirvana)July 8, 2014 at 8:56 AM

      Hi Rose, Thats Great, Have a great day!!

      Delete
  3. vikramJuly 7, 2014 at 5:43 PM

    There was a terminal high at 7810 and 7760 at the open. it was in zerodha but not visible on icharts. But rose, how did you avoid going short altogether today?

    ReplyDelete
    Replies
    1. Only NiftyJuly 7, 2014 at 8:53 PM

      Vikram,

      Yesterday we had 100 points intra day rise
      Tomorrow railway budget.. 10th union budget

      suspected today could end as consolidation day.. mind is prepared for little gain or no gain day.
      How ever attempted direct BO above IRH... as formed above IRH.. scratched as it didn't work.
      waited for BPB shorts at IRL.. but pull backs n false BO's.. made it clear.. it is going to be barbed wire around PDH
      shifted focus to trade range lower extreme.. i.e. BOF of IRL or LOD..
      there comes an opportunity, but i was not at desk.. missed it.. no good opportunity for rest of the day.

      hope i am able to convey the point.. when ever u suspect or visible barbed wire.. shift ur focus to trade range extremes.. preferably in direction of trend.

      Delete
  4. UnknownJuly 7, 2014 at 6:03 PM

    GK, that freak low was real. I had the same big red candle data from GDF. 7760 was the day low. First candle range was 7810-7760.

    chk out the NF data on NSE:
    http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuoteFO.jsp?underlying=NIFTY&instrument=FUTIDX&type=-&strike=-&expiry=31JUL2014

    -----
    Mathew

    ReplyDelete
    Replies
    1. TrekkieJuly 8, 2014 at 8:22 AM

      Mathew/GK,
      icharts intraday candles are often different, I recall reading in their faq somewhere that it is a known problem, but their eod daily chart will show the correct high/low.

      Delete
    2. Guru Krish (Trading Nirvana)July 8, 2014 at 8:59 AM

      Thanks Mathew... so the entire day was an inside day... Range breakout could happen today.. Lets c...

      Delete
  5. UnknownJuly 8, 2014 at 9:13 AM

    Dear RM,

    I not as fast as you fro a day trading and incidentally found this on SAR

    https://docs.google.com/spreadsheets/d/1dESqVIu1qLjYFCRiF6nESimLZXLgL03-9PAX1cLCvFI/edit?pli=1#gid=0

    Kindly share your inputs on this... is it possible to achieve the numbers that are shown in this sheet?

    Thanks

    ReplyDelete

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