NIfty gaped up above PDH. Bias was slightly bullish. Test of the PDH gave a long signal.BOF of DT was a good short signal.. BOF of LOL PDH/PDC was a good opportunity to go long..
Do not attempt to trade all the Support and Resistance. For example do not trade the BPB at points marked A and B. Location is everything in trading.
HOW TO DECIDE "Do not attempt to trade all the Support and Resistance. For example do not trade the BPB at points marked A and B." IN A LIVE MARKET ?? ANY CLUE ??
ReplyDeleteUK
ReplyDeleteLimit your trades to major decision points like PDL/PDH/HOD/LOD etc.
ST
hello st,
ReplyDeleteyesterday whn nifty hit 4960 on ur chart, isnt it a hod BOF trade for short?
Regards
jc
UK
ReplyDeleteThere was no BOF at HOD 4960.
Price did not go below the breakout bar low.It was only a deep BPB. Further BOF of one range extreme can lead to the breakout of the other extreme.Again it was a CT trade. So do not short there unless there is a strong rejection.
ST