Hi, I attempted that Short trade, but took Long slightly different from you- on the 2nd touch of BRN although it also ended as a scratch for me.Was that BOF was not meant to be taken & why didn't you take it?Thanks,Deven
DevenNothing wrong in taking the BOFI did not because I noticed BRN 6200 of Spot Nifty playing a big role.My BOF trade failed because of that. So did not attempt the second oneST
why the PDH and PDL lines are not at the top and bottom of the candle, wick ? in fact i draw these lines at the top and bottom of candle, so completely missed TST. FOR IRL and IRH, i consider zone approach on one side (i.e. IRL or IRH),as it has subjectivity of taking 3-6 candles in the begining. please clarify, so that i can improve my understanding.thanksShai
ShaiGenerally I ignore the tailsThere will be subjectivity always. We will never know exactly where the orders are unless we are able to hack the NSE.For example in the afternoon session price tested IRL 7 times. Closely watch these tests. Where were the orders ? Really the resting orders were at 6210.4 TST and 2 BOF of IRL were just overshoots. Treat DPs as zones and expect orders above, below or at the nearest round numberST
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