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

Monday, May 28, 2012

28052012


NIfty gaped up above PDH. Bias was slightly bullish. Test of the PDH gave a long signal.BOF of DT was a good short signal.. BOF of LOL PDH/PDC  was a good opportunity to go long..
Do not attempt to trade all the Support and Resistance. For example do not trade  the BPB at points marked A and B. Location is everything in trading.
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4 comments:

  1. UnknownMay 29, 2012 at 12:21 AM

    HOW TO DECIDE "Do not attempt to trade all the Support and Resistance. For example do not trade the BPB at points marked A and B." IN A LIVE MARKET ?? ANY CLUE ??

    ReplyDelete
  2. SMART TraderMay 29, 2012 at 7:26 PM

    UK
    Limit your trades to major decision points like PDL/PDH/HOD/LOD etc.

    ST

    ReplyDelete
  3. UnknownMay 29, 2012 at 8:25 PM

    hello st,
    yesterday whn nifty hit 4960 on ur chart, isnt it a hod BOF trade for short?
    Regards
    jc

    ReplyDelete
  4. SMART TraderMay 29, 2012 at 8:46 PM

    UK
    There was no BOF at HOD 4960.
    Price did not go below the breakout bar low.It was only a deep BPB. Further BOF of one range extreme can lead to the breakout of the other extreme.Again it was a CT trade. So do not short there unless there is a strong rejection.

    ST

    ReplyDelete

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