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

Friday, March 8, 2013

08032013

Nifty opened near PDC.. After yesterdays vertical move I was expecting a range day hence hesitated to go long on the open.. Nearly four hours price moved in a tight trading range forming a cigarette. A minor BOF happened at Range low like yesterday. Went long on the BO of range high.This trade moved well.
Posted by at

2 comments:

  1. akshayMarch 9, 2013 at 10:24 AM

    hi sir
    Why did you not take the mild bof at range low of cigarette pattern...how did you place your entry for the breakout?

    Regards
    Akshay

    ReplyDelete
  2. SMART TraderMarch 9, 2013 at 9:07 PM

    Akshay

    BOF was very weak. Hence entered just above the range high with a SL order

    ST

    ReplyDelete

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)