Friday, 14 October 2016

Nifty Future 14102016
















Today expected it to remain rangebound and attempted a TST trade at BRN in the morning which moved well.  In afternoon attempted LOL BOF of Range High & BRN which reversed quickly without testing the lows.

It was the second day of live mentoring and I am happy that I could help a trader earn 30 plus option points. Lot of interaction takes place every day right from start of the day till EOD discussing when to trade, when not, what to look for, where to hide SL, where to exit.  What is a good setup and what is a mediocre kind.  For example, the BOF setup at around 1 pm was skipped and it was discussed live why it was necessary to skip that setup.

It is kind of an unique experience for me, but it demands lot of focus and dedication, so I am not too keen to continue mentoring during market hours beyond December 2016.  I wish more and more traders take advantage of this and benefit from it.

14 comments:

  1. Hi URD,
    I took BOF trade around 1.00pm & ended as scratch. Why u didn't take?

    ReplyDelete
    Replies
    1. Hi,
      I too took this trade ...
      URD,
      whats the thought process behind it ?

      Delete
    2. PAT and Zen

      There are two levels, BRN and HOD. At that time, prices could barely touch HOD. So it was just a BOF setup of BRN which is not a good setup. BOF itself means breakout failure. Here the breakout did not happen as prices were not able to break HOD, hence no breakout failure.

      Order flow here will be above HOD in the form of SL orders of other traders and fresh orders from breakout traders. So it is better to not jump out the gun early and wait for the prices to try to breach the HOD.

      You will learn all these things which are much essential for successful trading and many new things in live mentoring. Why do not you join me there? Do yourself a favor. Get rid of bad trading habits and cultivate the one which is most required.
      URD

      Delete
    3. its really great as being part of ur live mentoring program , i am saved by URD sir for not taking trade at 1pm for appearing BOF trade. hoping great profitable learning from this

      Delete
  2. Thanks URD. Enjoying your company and guidance throughout the day.
    Sunil Manohar

    ReplyDelete
    Replies
    1. Sunil

      Thanks. It is always my pleasure to be in a company of such a wonderful person like you.
      URD

      Delete
  3. Sir, I m also interested in mentoring, how to approach?
    What was the SL for test trade?

    Rannjan

    ReplyDelete
    Replies
    1. Rannjan

      Please mail me for that.

      I shorted 8600CE at 88 with the initial SL of 92.5.

      URD

      Delete
  4. Oh!! God, how you manage time during trading hours, its amazing.

    ReplyDelete
    Replies
    1. AKS

      It is a all new experience for me. All efforts are towards helping others and make the journey a bit comfortable.
      URD

      Delete
  5. i m planning to take only type 1 trend day trading. have seen monthly atleast 2 times type 1 trend day occurs. Trade only during those days; rest of the days do not trade.

    ReplyDelete
    Replies
    1. Anon

      You can do that. In fact if it suits your personality, day timing etc. it will work best for you. Many traders feel that it is essential to make 200-300 Nifty points per month. It is not like that. I have always believed that even if you are able to make even 20 to 30 points per lot a month, you will become a millionaire in less than 5 years of time.

      If you want you can go for the video tutorial that I have prepared where I have devised a special strategy to predict type 1 trend day with high accuracy well in advance and trade it with confidence. There will be 2 to 3 such days a month plus 2 to 3 days where prices remain reangebound like today. You can comfortable trade only these 6 days a month and make more than 200 points a month.
      URD

      Delete
  6. I am sad to hear that you will not continue after december. I wanted to attend this session but unfortunately my timings are not supporting.

    ReplyDelete
    Replies
    1. Kiran

      Don't worry. We will try to work it out some way. Always remain optimistic.

      URD

      Delete