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Friday, May 29, 2015

29/05/2015, FRIDAY




1) Took only one trade. Long at BRN. Got 20 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

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7 comments:

  1. UnknownMay 29, 2015 at 3:50 PM

    Congrats Karthikeyan.. :)

    ReplyDelete
  2. SuMaMay 29, 2015 at 4:39 PM

    Excellent.

    ReplyDelete
  3. AnonymousMay 29, 2015 at 6:22 PM

    Thank you for the chart and excellent trade.
    Around 10 AM would you not consider that as BPB setup?
    Also curious why you skipped the long setup around 14h BOF of BRN.
    Thank you

    ReplyDelete
    Replies
    1. nifty for breadMay 29, 2015 at 8:26 PM

      10 AM BPB was too good to miss. I thought that the consolidation went on for too long and that all the buying is being absorbed. Price shot up in a few minutes after I cancelled the order.Should have trusted the penant and taken the long.

      I was totally confused at that time. I am trying to modify my strategy and was totally restless at that time. Will have to revert back to book trading and get myself conversant with all the intended modifications.

      Delete
  4. AnonymousMay 30, 2015 at 12:35 AM

    Hi
    Karthikeyan Subramanian ji
    i want one question in my mind , last few months i follow ST sir DP Method , and few days back i see jagdeeshji method via your blog.
    i see result of his trade are excellent . now my mind says , i will jump to jagdeeshji method and practice it . both ST sir method and jagdeeshji method are close to similar .
    i want to ask you , can you have this type of question in your mind?
    what you think about that

    Regards
    kamlesh

    ReplyDelete
  5. nifty for breadMay 30, 2015 at 12:28 PM

    Kamlesh,

    As you said methods of ST and Jagadeesh are very similar. Core concept remains same and in applying it, both have a slightly different approach.

    Whenever I tried to make a few changes, I was very nervous. So it is better to book trade the changes, till one is comfortable with them. After all what works for ST and Jagadeesh may not for work for us from day one.

    Please don't try to change from one method to another completely, all of a sudden. It took them a few years for them to develop their styles and we need at least a few weeks to grasp them.

    Thanks,
    S.Karthikeyan

    ReplyDelete

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