There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Thursday, November 21, 2013
21112013
Nifty gaped down below PDL. First MC acted as IR. Short on BPB of BRN below IRL. Tp around 6050. Did not get any other reliable entry. All the day Nifty was slowly drifting down.
Do not attempt counter trend trades on trend days.CT trades only after the break of MSP. Your trade went exactly where it was supposed to go and reversed.
I missed the BPB of BRN but I entered at 13:33 bar (6149) considering it to be BOF of range low and TP at 6135, which was my target and then LOD. Was this trade as per our method and rules?
Sir, I entered long @ 6050 in the same bar you TP, scratched later on.
ReplyDeleteThanks.
arvind
ReplyDeleteDo not attempt counter trend trades on trend days.CT trades only after the break of MSP. Your trade went exactly where it was supposed to go and reversed.
ST
Dear ST
ReplyDeleteI missed the BPB of BRN but I entered at 13:33 bar (6149) considering it to be BOF of range low and TP at 6135, which was my target and then LOD. Was this trade as per our method and rules?