Nifty opened above PDH. Went long on the BPB of PDH/BRN. I was expecting a channel. But FT and NSEL spoilt the party. I was not confident to short to a cluster of supports and missed the entire down move. The fall was halted at BRN 5700. Went long on the BOF of PDL above the MC. Trade moved well into the Fluid . TP at BRN. Did not attempt any other trade as I expected some chop
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, August 1, 2013
01082013
Nifty opened above PDH. Went long on the BPB of PDH/BRN. I was expecting a channel. But FT and NSEL spoilt the party. I was not confident to short to a cluster of supports and missed the entire down move. The fall was halted at BRN 5700. Went long on the BOF of PDL above the MC. Trade moved well into the Fluid . TP at BRN. Did not attempt any other trade as I expected some chop
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Sir in todays chart you have drawn a line above BOF whats it significance , kindly update thnx
ReplyDeletesir are we able to identify spike and channel movement earlier?
ReplyDeleteamber
ReplyDeleteThat is where I entered. Above the MC
ST
sarat
ReplyDeleteNo way to identify it earlier
After a spike usually there will be soft trend called channels
ST
sir thnx
ReplyDelete