This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis
Nifty gaped down below PDL and moved down. Missed the BPB of PDL/BRN as I suspected there will be an attempt to move above BRN being expiry. Price hit RN and stalled. Expected a pull back and went long. trailed and exited when price got rejected from BRN. went short below the swing low and exited at RN 8150. Stayed away after that
Nifty gaped down below PDL and moved down. Missed the BPB of PDL/BRN as I suspected there will be an attempt to move above BRN being expiry. Price hit RN and stalled. Expected a pull back and went long. trailed and exited when price got rejected from BRN. went short below the swing low and exited at RN 8150. Stayed away after that
Hi ST,
ReplyDeleteNice Trades. Thanks for the chart.
Dilip Bais.
thanks ST
ReplyDeleteThanks for the chart.
ReplyDeleteI think today was a very nice day for a DP trader.
Very nice moves between BRN and RN.
Sir, do we take adjusted close or Ltp ? On wednesday 29th there was big difference of 15 points.. Thanks
ReplyDeleteWe are trading the chart.Trade what you see on the chart
DeleteST
Nice reply sir, thanks :)
DeleteHi ST,
ReplyDeleteWhat made you to go long other than pin bars and expectation of pull back in your first trade.
Thanks,
Aristatle.S
Price rarely move in a straight line for long. Price fell around 100 points at the open and need to consolidate
DeleteNaturally there will be a bounce and pull back. Being expiry day RN, the option strike can be a potential support
The trade is CT and need to be managed tightly
ST
Thanks ST
Delete