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Saturday, January 26, 2013

25012013

Nifty opened near previous day close.First bar acted as IR. Later IR extended and formed an envelop. BOF of IR low gave a long signal. TP at PDH.
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4 comments:

  1. akshayJanuary 26, 2013 at 1:34 PM

    hi sir
    Why did you not take FTC short near the extended IR high..?

    ReplyDelete
  2. SMART TraderJanuary 26, 2013 at 2:33 PM

    Akshay

    Notice what kind of a candle made this extended high

    ST

    ReplyDelete
  3. akshayJanuary 26, 2013 at 7:02 PM

    You did not go short because of the master candle..?

    ReplyDelete
  4. SMART TraderJanuary 26, 2013 at 7:14 PM

    Akshay

    Yes, Below the MC low there was no space for the price to move. Notice how the MC low and IR low gave support

    ST

    ReplyDelete

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