Monday, March 5, 2012

05032012



No good opportunities today. One could have made some money in the first trade. the other two CT trades did not move. Breakeven day.
Notice the absorption at 5340 level
at

4 comments:

  1. AnanthMarch 6, 2012 at 10:32 AM

    sir,

    i understand distribution and accumulation....but i am not clear about what you term as absorption.Please, can you spare some time to clarify this concept.

    Thanks and regards

    Ananth

    ReplyDelete
  2. jonakMarch 6, 2012 at 4:49 PM

    I had been watching that absorption pattern too.....ascending triangle like move and then breakdown .....thanks for giving it a name though ...nice

    ReplyDelete
  3. SMART TraderMarch 6, 2012 at 7:20 PM

    Ananth

    Thanks for visiting
    I have written a separate post on Absorption
    http://niftynirvana.blogspot.in/2012/02/absorption.html

    ST

    ReplyDelete
  4. SMART TraderMarch 6, 2012 at 7:25 PM

    Jonak

    You will see this pattern frequently in NF.But may not stall for this much time at the level.
    Thanks
    ST

    ReplyDelete

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