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

Monday, September 24, 2012

24092012

Nifty opened within the previous day evening range and could not break it the whole day. IR formed around BRN and as expected formed a Barbed Wire around it. BOF of Range low gave a long signal which failed to move. Scratched the trade.

4 comments:

  1. ST - From your graphs it seems that the second attempt at BO from DP generates the BOF?

    regards
    rb

    ReplyDelete
  2. Raghu

    BOF happened in the first attempt itself.For the next 15 minutes it could not break the BO barhigh.After the small pin bar , I thought it may move up and entered. But strength lasted for a single bar only.

    ST

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