Nifty opened within previous day range. IR formed. Traded within IR the whole day forming a Barbed wire around BRN. Tried two breakout trades of BRN. One short and a long. Price went exactly where it was supposed to go and refused to go beyond these levels.
Hi ST,
ReplyDeleteTraded BN today. The story was the same even there.
Was BOF IRL(a minor DB) around 1:45 PM a valid trade for Nifty??
Thanks,
TBP
TBP
ReplyDeleteIt was a valid signal. Skipped it as space was less and CT trade
ST
Sir,
ReplyDeleteWhy didn't you enter on BOF of IRH? because of BRN, located so closely?
S.Karthikeyan
Sir,
ReplyDeleteWas BOF of IRH around 11:42 AM a valid Short ?I skipped it because of BRN?
Thanks.
Dushmant
Sir,
ReplyDeleteBoth the trades of yours are Snipe shots?
S.Karthikeyan
ST
ReplyDeletethanks
TBP
KS, Dushmant
ReplyDeleteBarbed Wires are very difficult pattern to trade.In hind sight you can clearly see and identify two ranges inside a broad range.Fading the Highs and lows could have made money.
But in live market it is very difficult to know which level is going to break or reject.Look for the breakout of some levels where you can expect some stop accumulation and exit taking quick profit
ST
ST
Thank you Sir.
ReplyDeleteS.Karthikeyan
Sir In this case we could have been tried BOF of IRH & IRL right?
ReplyDeleteI am presently holding strangle.
Raghu
Hi Sir,
ReplyDeleteTODAYS GRAPH SIR??
Thanks,
Mahesh
Sir is everything ok at you end?
ReplyDeleteRaghu
Raghu
ReplyDeleteThanks. Nothing wrong
Yesterday some unexpected urgent work
Trading today. Hope you could capture some good moves today
ST
Sir its good to know that you were just busy, please don't leave us towards some imaginations by going on mute!
ReplyDeleteits a 100+ points day for me sir.
Thank you for your blessings in the form of self less & masterful guidance. Thanks again.
Raghu