Choppy day . no commitment from market participants. Nifty opened below PDL . First two bars attempted to go above PDL and failed. Went short on the break of this low as BPB with stop above PDL. This trade moved another push down and reversed. Scratched it. Now price re entered the previous day range. Went long on the break of DO and swing high. This also failed to move. Another scratch. Shorted below PDL again. This trade made some money. did not attempt any other trade.Entire afternoon session price was channeling down.
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Wednesday, March 20, 2013
20032013
Choppy day . no commitment from market participants. Nifty opened below PDL . First two bars attempted to go above PDL and failed. Went short on the break of this low as BPB with stop above PDL. This trade moved another push down and reversed. Scratched it. Now price re entered the previous day range. Went long on the break of DO and swing high. This also failed to move. Another scratch. Shorted below PDL again. This trade made some money. did not attempt any other trade.Entire afternoon session price was channeling down.
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