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

Monday, February 27, 2012

27022012








Market opened within previous day range . First candle itself is a breakout candle of PDL. A major transition to outside day. trading below PDL, DO, PDC. Trade the trend. Avoid temptation to go CT. There were two BOF . But if you notice the First Trouble Area., it is too close . Even if one attempted the second one. there was enough time to exit without a loss.
There were no major decision points on the way down except a BRN which did not hold.

Very very difficult to ride the trend till end. Most of us will be shaken out by a pull back



 

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