Tuesday, March 6, 2012

06032012


Today's chart once again reminds me the importance of trading with the trend.One could have made decent gains if he has taken only trend trades. Levels A,B,C and D will tempt you.If you avoided the temptation to go CT, you will only lose at B.Closing negative on a day  Nifty moved more than 300 points is tragedy.

Notice how the price respects the decision points

There is really no need to buck the trend.

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