hi sirCan today be treated as a barbwire around pdc..?
SirWhat made you take FTC trade even though PDC was very close?
Hi Sir sir,In your first trade, when you entered PDC was very close. What was your reading of price action?? Though there was FTC at PDH but prior to that at day open price opened and touched PDC and went up, that way also it was a FTA.Also, I went long at breakout of 12:03 candle high, considering it to be BPB at PDC. Was this valid trade as per our method?
AkshayIt behaved like a Barbed wire only. But the range was around 30 points. Barbed Wires are usually very tight ranges where trading between the Range High and Low not practical.ST
PushpaDecision Points are not magical levels. These are areas where we expect good order flow.So these levels should be very obvious to all and sundry.Preferably these levels should stand out.I considered the PDH as the stronger DP Further for the last two days market has gone up a lot. I expected a range rather than a break above PDH. Market will take the path of least resistanceST
AnuragRead my reply to Pushpa.Preferably DPs should stand out to attract order flow.Your BPB of PDC went where exactly it is supposed to go, the range high and a bit further.I will not prefer such a mid range trade.Please read the post on Brackets and EnvelopsST
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