There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Wednesday, August 29, 2012
29082012
On hind sight BPB of PDL was the only reliable signal.TP at BRN 5300.I am disappointed that a strong BOF did not happen at the TR high at point A .It would have been a fantastic 40 point trade.
at 2.50 did it not look break out failure . in hindsight we can know but it that time it looked to me. it was a perfect downtrending day and lot of times there is small rally b/w 2-30-3-10.
Yes, trading is very challenging Let me quote Ilango "Understand the spirit behind a strategy and don't get obsessed with "details" since markets are always evolving."
at 2.50 did it not look break out failure . in hindsight we can know but it that time it looked to me. it was a perfect downtrending day and lot of times there is small rally b/w 2-30-3-10.
ReplyDeletePiyush
ReplyDeleteYes, It was a BOF.
But it was not strong enough to initiate a CT trade and go against such a strong down trend.
ST
Dear ST...u dont trade expiry day????
ReplyDeletebizagra
ReplyDeleteYes, I do trade.
This week ,here in Kerala , we are celebrating " Onam". It is festival time, fun time, family time.
Trading and blogging can wait !!!
ST
okk sir...Happy Onam...enjoy..:)
ReplyDeletethanx st.
ReplyDelete'But it was not strong enough to initiate a CT trade'
this is very challenging part to learn.. anyway.. happy onam to u..
Piyush.
ReplyDeleteYes, trading is very challenging
Let me quote Ilango
"Understand the spirit behind a strategy and don't get obsessed with "details" since markets are always evolving."
ST