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.
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4 comments:

  1. AnonymousOctober 3, 2013 at 11:37 PM

    Smart Trader,

    Please put the time on your chart it becomes easy for me to compare with my observations.

    Thanks,
    Siddarth

    ReplyDelete
  2. SMART TraderOctober 4, 2013 at 9:15 AM

    Sidharth

    Icharts shows time at a particular zoom level.When I adjust the charts to 800 pixel width sometimes it may not be visible

    ST

    ReplyDelete
  3. AnonymousOctober 4, 2013 at 9:57 AM

    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

    ReplyDelete
  4. SMART TraderOctober 4, 2013 at 10:05 AM

    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

    ST

    ReplyDelete

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