There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, October 3, 2013
03102013
Nifty gaped up above PDH. BPB of PDC-PDH gave a long signal. Long above IRH. BRN did not resist.Exited the trade when Nifty started to trade in a range. There was another long on BPB of Range high. This did not move as expected.
Anon Consider the move as the continuation of previous day move A gap, a spike, a wide range bar above PDH is a breakout Pull backs need not retest the breakout point.It could be just an inside bar
Smart Trader,
ReplyDeletePlease put the time on your chart it becomes easy for me to compare with my observations.
Thanks,
Siddarth
Sidharth
ReplyDeleteIcharts shows time at a particular zoom level.When I adjust the charts to 800 pixel width sometimes it may not be visible
ST
did not understand first long,,BPB of PDC??it did not retrace till PDC..can v take longs like that without price retracing to PDC??pls xplain
ReplyDeleteAnon
ReplyDeleteConsider the move as the continuation of previous day move
A gap, a spike, a wide range bar above PDH is a breakout
Pull backs need not retest the breakout point.It could be just an inside bar
ST