Nifty gaped up and crossed the PDH., but failed to continue.BOF of PDH gave a short signal.. As expected found support at BRN. Next signal was the LOL , BOF of PDC and PDL which moved well.Missed the big down move candle as there was no reliable signal before it happened.Note point "B" .We will be tempted to go long here as BPB. Notice the topping tails of the candles. There was weakness.
This way of trading is simply marvelous.Of course one needs to be real quick in real time.Btw what is layer on layer mean?
ReplyDeleteAnon
ReplyDeleteThanks for the comment
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Did look through but couldnt fathom what it really means.If you could explain would be good
ReplyDeleteAnon
ReplyDeleteLOL is two Decision points very closely positioned. Usually price will break the first and will fail to break the other.
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