There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Tuesday, June 25, 2013
25062013
Nifty opened within previous day range. IR formed. Skipped the BOF of IRL as BRN,IRH,PDH were just above the entry level. Long ON BPB of BRN/IRH. Second trade was a short on BOF of HOD. I expected PDH to hold. But it did not. TP at BRN
I went long as the PDH was toooooooo close Notice the swing high above which I went long.It was The same level of IR High if you consider the tail of second candle. Further it was HOD at the moment I expected some stop orders above this level and triggering of these stops will take price safely above PDH In fact PDH resisted much more than I expected. It held the price for 15 minutes before giving way. I really thought of scratching
thanks, however, considering your approach and as PDH was very close, i could not have acted as you acted and waited for BO of PDH, and to go long after BPB of PDH. YOUR COMMENTS ARE SOLICITED, as i am trying to understand this concept
There is no perfect method to trade. We are all work in progress.Find your own way to trade the concepts and own the system. Aim to win more than you lose. That is all
HOW COULD YOU GO Long ON BPB of BRN/IRH, WHEN PDH WAS VERY CLOSE ? PL CLARIFY. THANKS.
ReplyDeleteSHAI
SHAI
ReplyDeleteI went long as the PDH was toooooooo close
Notice the swing high above which I went long.It was The same level of IR High if you consider the tail of second candle. Further it was HOD at the moment
I expected some stop orders above this level and triggering of these stops will take price safely above PDH
In fact PDH resisted much more than I expected. It held the price for 15 minutes before giving way. I really thought of scratching
ST
thanks, however, considering your approach and as PDH was very close, i could not have acted as you acted and waited for BO of PDH, and to go long after BPB of PDH.
ReplyDeleteYOUR COMMENTS ARE SOLICITED, as i am trying to understand this concept
Shai
Shai
ReplyDeleteThere is no perfect method to trade.
We are all work in progress.Find your own way to trade the concepts and own the system.
Aim to win more than you lose. That is all
ST