Nifty opened just below PDC and spiked. Formed a wide initial range. There was no space for a channel move with BRN and PDH very near. Short on BOF of IRH. Did not move as expected . Scratched. Thought of going long on BOF of swing low. but was not confident to trade into a prominent flip zone 5980 and the market proved me right.Missed most of the down move. Short was late on the BPB of DO/IRL. TP at PDL
ST, remember Doji on inditraders? she has a nice post on Wyckoff's Thrust and Spring.
ReplyDeletehttp://www.chartreader.co.in/2009/06/trading-wyckoff-terminal-upthrust-and.html
There is one more good link on this topic:
http://www.financial-spread-betting.com/trading/wyckoff-spings-upthrusts.html
Thanks,
I m visiting ur blog regularly and try to understand ur trading strategy but some nomenclature I do not understand pl. give it them in ur blog
ReplyDeleteSS
ReplyDeleteWill go through them
Thanks
ST
Deep
ReplyDeleteGo through the glossary
ST