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

Tuesday, August 7, 2012

07082012


Nifty opened near previous day close. BOF of BRN 5300 was a signal to go long. skipped the trade as FTA( PDH )was too close. Expected a pull back after the breakout of PDH. I would have gone long keeping the stop loss below PDH. if the price came  within my risk tolerance level.
I thought it was going to channel but later on traded in a very tight trading range. BOF of this trading range gave a long signal which moved well.

3 comments:

  1. Why not have BDF instead of BOF for Breakdown Failures. BOF for both breakouts and breakdowns leads to confusion.

    ReplyDelete
  2. ANON - not necessary as it is the failure which is important not the direction. Besides the Glossary is already reached 20nos. - will leave the last word to ST - rb

    ReplyDelete
  3. @Anon
    @Raghu

    Let us leave it as such.Otherwise we may need BOPB and BDPB also

    ST

    ReplyDelete

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