There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Tuesday, November 12, 2013
12112013
Nifty opened near PDL and spiked. IR formed. Went long on the BOF of
PDL/BRN. TP around 6140. BPB of BRN was another short signal. I skipped
it as price was moving down in a channel.But it moved 30 points.
I think you are referring to the break at 11.30 Two trouble areas .PDL and BRN. It reversed from BRN Initial move was a very strong spike to the upside. I suspected buy orders around DO/IRL
Will be posting my trades, In process of building system. Have picked up few concepts from your method. Please comment(good / bad). All most welcome. Better to be correct by a friend than Market :).
Hi ST,
ReplyDelete1st trade same as yours.
2nd Trade 14:12 Breakout failure of BRN (6100). Scalped it as prices didn't go the way expected.
Thanks for the 3rd trade (BPB 6100), missed it totally. I think I was day dreaming at that time.
ST,
ReplyDeleteIsn't a trade at ends of the channel profitable? In this case, a short at the top that you have noted with TP?
- Rahul
Rahul
ReplyDeleteCant identify it as a channel move in real time at that stage. It may end up as another range within the breakout spike
ST
sir, why u didnot initiate a direct short below IRL ?
ReplyDeletei did that.
Thanks
Anurag
ReplyDeleteI think you are referring to the break at 11.30
Two trouble areas .PDL and BRN. It reversed from BRN
Initial move was a very strong spike to the upside. I suspected buy orders around DO/IRL
ST
Hi ST,
ReplyDeletehttp://xrtrader1.blogspot.in/
Will be posting my trades, In process of building system.
Have picked up few concepts from your method.
Please comment(good / bad). All most welcome. Better to be correct by a friend than Market :).