Nifty opened above PDL and and attempted to break below it.. First trade was a long on BOF of PDL above the pin bar. Covered when it fell back below BRN. Another long trade on BPB of BRN and IRH. TP at 5450. Shorted below the range low as FTC above HOD. TP at IRH. Skipped the BOF long of BRN. as I was expecting another leg down. I wonder what caused a sudden fall from the range low to BRN. Did not find any other reliable trade signal later
There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Wednesday, September 4, 2013
04092013
Nifty opened above PDL and and attempted to break below it.. First trade was a long on BOF of PDL above the pin bar. Covered when it fell back below BRN. Another long trade on BPB of BRN and IRH. TP at 5450. Shorted below the range low as FTC above HOD. TP at IRH. Skipped the BOF long of BRN. as I was expecting another leg down. I wonder what caused a sudden fall from the range low to BRN. Did not find any other reliable trade signal later
Subscribe to:
Post Comments (Atom)
Sir,why u not taken trade at BOF of HOD..?
ReplyDeleteGood ones. I did the same on 15 min.
ReplyDeleteThanks,
Sir
ReplyDeleteWhich type of order do you use for entry and exit.limit,market or stop.
thanks
Sentu
ReplyDeleteBOF of HOD came very late
Usually after 3'o clock there won't be any commitment from day traders
ST
SS
ReplyDeleteThanks
ST
The stalker
ReplyDeleteMy entries are almost always limit orders. Immediately on entry I put a stop order. But most of the time I exit with Market orders
ST
Hi,
ReplyDeletewhat made you expect an other leg down?
last day diff b/w LTP and ATP Played out well in first min!!!
Babu
Sir
ReplyDeleteDon't you think that your system will become less effective as more and more people learn it from your blog and start following it?
Thanks
Babu
ReplyDeleteMost of the time after such momentum moves there will be a second leg retest of the low. V reversals rarely occur
ST
SANDAMAR
ReplyDeleteNo Way, In fact it will make the method more effective.If another 10000 people enter along with me means massive order flow in my favor. This alone will be sufficient to take my position to profit.
ST
Great.
ReplyDeleteDear sir,plz can u suggest me very very low brokerage housing for scalping.
ReplyDeleteyours,
pravin
Sir,
ReplyDeleteHappy teachers day as u taught me how to trade intraday.You r the only reason why i earn substantial everyday when all of my frnd seaching for job.Thank u for showing me path.One day i want to meet u personally.THANK U.
Pravin
ReplyDeleteZerodha and Trade Smart Online are good I think
ST
sentu
ReplyDeleteHappy to hear that you are trading the method profitably. All the best
ST