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

Tuesday, January 15, 2013

15012013

Nifty opened within previous day closing range. Traded in a tight range and made a cigarette. Got trapped in a downside break. Exited when price climbed back in to the range. Usually in a tight trading range, BOF of an extreme will cause the other extreme to break.Went long just above the FTA.PDH did not give any resistance

4 comments:

  1. Is there any reason for using icharts instead of amibroker or metastock?

    do you feel web based charts are accurate than the charting s/w?

    ReplyDelete
  2. Adhi

    No such reasons. I started with it and still continuing with it.Did not explore any other options. This is sufficient for me. No head aches.

    ST

    ReplyDelete
  3. Dear Sir,

    Can we trade the BOF of the range high @ 11.47 candle in this chart?

    ReplyDelete
  4. Mohit

    It can be traded.Always the target of a range trade is the other extreme of the range.But consider the brokerage, slippage execution error etc. is it prudent to go for such a trade ?

    ST

    ReplyDelete

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