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

Thursday, November 15, 2012

15112012

Nifty gaped down below PDL. Bias was bearish. First candle acted as IR. Short when Nifty failed to go above DO/HOD/IR High.Skipped the counter trend BOF of LOD.
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4 comments:

  1. adhi narayananNovember 15, 2012 at 8:22 PM

    Is there any reason to avoid the BOF of LOD?

    ReplyDelete
  2. SMART TraderNovember 15, 2012 at 8:57 PM

    Adhi

    Notice how many swing highs and lows were made during a 30 point down move .All these levels may act as resistance on the move up . Hence skipped

    ST

    ReplyDelete
  3. UnknownNovember 15, 2012 at 9:22 PM

    whats the time frame here

    ReplyDelete
  4. SMART TraderNovember 15, 2012 at 9:31 PM

    Manjunath

    3 Minute charts

    ST

    ReplyDelete

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