Today was a type one day . Market was trending up from the open..There were only two decision points BRN 5100 and PDH both of which could not stop the up move.Most of us will short and lose money at area marked A. In a strong trend most of the counter trend trades will fail.
As I have written earlier, a trend is a series of range breakouts. Market moved in three ranges today and if you traded the range lows marked you could have captured most of the move.If the current price range is above the previous one, always better to buy the range lows.You can find a no mans land between the ranges. I have marked these areas as "Buffer Zone" . Buffer zones are always present in strong trends.
I will make a separate post on Buffer zones, later. I am afraid I am going too fast.
Dear ST,
ReplyDeletePlease reply to my mail, this weekend.
sam cambatta
hi st
ReplyDeletetrend is moving too fast not you,
comments publishing problem persists.
ReplyDelete@ Sam
ReplyDeleteWill do
@ ajja
Am I too slow ?
@ NB
What is the problem with comments ?
Comments are not moderated.
ST
I have sent you a mail regarding problem in posting comments.
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