Monday, May 7, 2012

07052012


Nifty gaped down. BRN 5000 gave support. BOF of  the range high gave a with the trend short signal. FTC at DB, LOD gave a CT long signal. TP at PDL.Missed the 60 point move beyond PDL

6 comments:

  1. How to catch range expansion, as increase in volatality essentially means range expansion.
    RANGE EXPANSION IS MOST REWARDING DAYS.PWC/PWH/PWC (pw: previous week) may help, your suggestions, if you have experimented

    And what you mean by BRN as it is not listed in glossary

    regards
    shai

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  2. Your descriptions of various decision points is good.. Wish there is a way to standardise & capture all these points beautifully in existing charts which will make decision making a joy in trading.. Please let us know what is BRN?

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  3. sometimes i might learn your technique....not now as i am not into day trading....thanks for all posts

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  4. UK
    Sorry, I have no idea
    BRN is Big Round Number

    ST

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  5. Kranti
    I do not draw these lines while trading.
    BRN is Big Round Number
    Big Round numbers are trader decision points

    ST

    ReplyDelete
  6. Jonak

    Learning is difficult
    Unlearning is much more difficult
    Still struggling to get rid of the crap accumulated over the years
    Thanks

    ST

    ReplyDelete

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