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Visual trend was down, so looking only for short side today..1st trade took when the lower VPH formed, and exited when price failed to fall below previous VPL..

2nd Short trade came near 2nd VPH which formed near the resistance area. NIFTY is in down sloping channel today.. so took a short near resistance area..closed when it bounced from support..
Do you see higher time frame 15 minutes as told by Subhadip bro? Or only 3 minute based trading?
 


Visual trend was down, so looking only for short side today..1st trade took when the lower VPH formed, and exited when price failed to fall below previous VPL..

2nd Short trade came near 2nd VPH which formed near the resistance area. NIFTY is in down sloping channel today.. so took a short near resistance area..closed when it bounced from support..
Swagat,

Why you avoided short below 12.21 mpl in same way like 13.24. what is the difference there.?

Thanks
 
Thanks a lot Jagan Bhai .... You have done a great job. :thumb::thumb::thumb:



Dear Friends,

I am posting the link to PDF/as well as word doc of ST DA's posts (4shared[dot]com) till the recent RBI day.

PDF - http://www.************/office/89qJQ8J0ba/ST_DA.html
Word - http://www.************/file/prtNvAtpce/ST_DA.html

Some of the charts may not be fully visible - my apologies.

The Insights provided are invaluable and we wont find them any where outside.
Every thing required for trading is mentioned.

I am thankful to ST DA for them.

Enjoy reading them - Happy Trading :thumb:
 

lemondew

Well-Known Member
Just glanced through the docs. First page contains posts which have been said again and again and again by so many traders. Some of STs recent posts also say the same. Looks like posts from 2011? Guess the rules are the same and will be the same. And results too the same :rofl: a mystery till the trade unfolds.

Dear Friends,

I am posting the link to PDF/as well as word doc of ST DA's posts (4shared[dot]com) till the recent RBI day.

PDF - http://www.************/office/89qJQ8J0ba/ST_DA.html
Word - http://www.************/file/prtNvAtpce/ST_DA.html

Some of the charts may not be fully visible - my apologies.

The Insights provided are invaluable and we wont find them any where outside.
Every thing required for trading is mentioned.

I am thankful to ST DA for them.

Enjoy reading them - Happy Trading :thumb:
 

SwagatN

Well-Known Member
the trade got great short but , i am not sure how how did you take it at 8608 the real mpl , the nearest mpl broke below 8603 below 1.09 pm candle .

can you share the reason you took short early ? maybe i am missing something:)
No, I did not wait for minor pivot break, that was an aggresiisve short entry.

Reason - Since morning Visual trend was down. But the trend was not smooth. Even though it made a lower VPH, but it failed to take out the previous VPL and bounced.. After the minor uptrend it started facing resistance near 610 - 603 area in 13:00 to 13:30. That was also the down slopping channel's resistance area. Means the downtrend was being played with a down slopping range. So as per ST da's advice pivots should not be traded on range days, but need to trade the boundaries with tight SL. And at that area risk was very small, and if trade works, then reward was much bigger.. So took an aggressive short at 8606 with SL at 612. The fall after that was sharp.

PS - Though I do not do this regularly, Here I had gone down to 1M to see minor details..
 

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