There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Monday, March 24, 2014

24032014


Nifty  gaped up above PDH (Ignored Saturday trading). Momentum move stalled at NS BN. Went long above consolidation as BPB . TP around BRN. Tried the BOF of BRN which can also be considered as FTC. Failed to move. Scratched. NO other trades.

7 comments:

  1. UR Dave said...

    Hi ST

    Today's chart
    http://www.mql5.com/en/charts/1635008/nse-nifty-m3-gci-financial-ltd

    If possible try to post it in today's post. I had to leave early today.

    Took two nice trades. Have a look. Your comments are always appreciated.

    Thanks.

    ReplyDelete
  2. Hi ST

    How to decide whether to wait for a PB or enter on a direct BO?
    I could not enter during the initial up move.

    Thanks
    TBP

    ReplyDelete
  3. TBP

    If you expect a lot of stop accumulation, try BO. Otherwise go for BPB

    ST

    ReplyDelete
  4. Hi ST,

    Today was an outside gap day, why did u not go long on the close of 1st candle?

    ReplyDelete
  5. Anon
    I do not go long on break of first candle on O/S gap days always. If the first candle is a pull back candle and test the DP, I try to enter on its break

    ST

    ReplyDelete
  6. Hi ST
    Why didnt you go long over cigarrette ?

    rgds
    Kishore

    ReplyDelete
  7. Kishore

    I was expecting to go short.
    After an 80 point move I was not comfortable to go long

    ST

    ReplyDelete

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