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

Monday, January 21, 2013

21012013

Nifty opened near PDH and sold . First bar acted as IR. Went long on BOF of IR Low. Target the range high.Scratched the trade. BOF of PDC gave another long signal which moved well TP at BRN.
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2 comments:

  1. SakthivelJanuary 22, 2013 at 7:15 AM

    Hello ST:

    Can we take the first big candle as Master Candle and build the trade based on the same?

    Tnx

    ReplyDelete
  2. SMART TraderJanuary 22, 2013 at 8:09 PM

    sakthivel

    No it is too wide. No favourable RR
    You failed to notice the MC of the day. BO bar of PDC. Such candles are good master candles

    ST

    ReplyDelete

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