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

Wednesday, August 7, 2013

07082013

Nifty opened near PDC and sold. First candle acted as a MC. Shorted below the MC/IRL/PDL with a stop just above this level. Covered quickly as I expected a range. Went short on the TST of BRN and BOF  of HOD /IRH/PDC. TP on IRL.
Tomorrow morning leaving for  Palani Hills on a pilgrimage . Friday is exchange holiday. Will be back on Monday. 
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4 comments:

  1. ArvindAugust 7, 2013 at 10:17 PM

    Sir,
    What appears to me as a DB on Nifty future chart was a BOF of LOD on Nifty Spot.I went long on BOF of LOD keeping PDL as a target, got 35 points.
    Just one question sir , did i traded as per the system or was just lucky enough to get 35 points?

    ReplyDelete
  2. SMART TraderAugust 7, 2013 at 10:41 PM

    arvind kumar

    IMHO it is better to trade the signals on Nifty Futures so that you can avoid a lot of confusion

    ST

    ReplyDelete
  3. sreyO...August 10, 2013 at 7:11 PM

    Hi..can you please tell me in which time frame the chart is prepared?

    ReplyDelete
  4. SMART TraderAugust 10, 2013 at 7:43 PM

    sreyO,

    3M

    ST

    ReplyDelete

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