tag:blogger.com,1999:blog-441270257889145227.post2876771236890657263..comments2023-06-23T20:15:22.157+05:30Comments on Nifty Nirvana: 07062012SMART Traderhttp://www.blogger.com/profile/15315918975356032072noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-441270257889145227.post-73204690371100038982012-06-08T00:15:49.199+05:302012-06-08T00:15:49.199+05:30BPS
I was well aware of the BRN for both the long...BPS<br /><br />I was well aware of the BRN for both the long trades.I took the first trade because It was a gap closure trade also. Second trade I took very confidently because it was a BOF . A BOF traps many BO traders and they will start buying to exit This order flow is sufficient to break the BRN which was yielded in the first attempt itself. Dont consider FTA as a brick wall. It is just a level where some opposing orderflow is expected.<br />STSMART Traderhttps://www.blogger.com/profile/14887444265368148081noreply@blogger.comtag:blogger.com,1999:blog-441270257889145227.post-89466972765814831062012-06-07T23:43:55.181+05:302012-06-07T23:43:55.181+05:30I was confused throughout the day and could not de...I was confused throughout the day and could not decide and hence stayed out. You have written that second trade of BOF of PDH, and DB moved well. At that point the FTA is BRN just about 10 points away - this is what I thought. Why do you feel it <br />was worthwhile to ignore FTA at BRN 5000.bhupinderhttps://www.blogger.com/profile/15703619076287872121noreply@blogger.com