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

Monday, June 3, 2013

03062013

Nifty opened within previous day range. Broke below PDL, but did not extend beyond BO candle. IR formed. My expectation was a Barbed Wire around PDL. Two attempts to go above PDL and BRN failed. Hence went short on the break of IRL.. Next trade was a BPB of range low.Shorted below the MC.. Whole day market was grinding.
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3 comments:

  1. SAMJune 4, 2013 at 11:16 AM

    Dear ST,

    How much period do you consider as IR..?

    And

    I am not able to find what is LongForm of MC .. in Glossory?

    I was thinking it was related to something related to Consolidation.


    Regards
    Sam



    ReplyDelete
  2. SMART TraderJune 4, 2013 at 7:30 PM

    SAM

    I have made separate posts on
    Initial Range and Master Candles under Structure and Patterns
    Kindly go through it

    ST

    ReplyDelete
  3. SAMJune 4, 2013 at 8:42 PM

    Thanks a lot...

    Will do....

    ReplyDelete

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