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

Friday, August 24, 2012

24082012


Nifty opened just above PDL. First bar gave an impression that it is going to hold. But immediately broke PDL and BRN and gave a pull back. Shorted here expecting a further fall. My stop was behind three barriers BRN, PDL, HOD.but stopped out. BOF of LOD gave a long signal which also did not move. Scratched.. Mother of all Barbed Wire Pattern

2 comments:

  1. bizagra

    Good. You noticed it.
    Today, I failed to notice the IR. I was too much focused on BRN and PDL.In fact I was stopped out by this IR High breakout bar which failed.
    Even though I went long On the BOF of LOD I did not think about the IR.

    ST

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