Friday, July 27, 2012

27072012


Nifty gaped up above PDH. and drifted down . I was expecting it to find support at PDH. It reversed earlier and did not give me a chance to go long. FTC at  HOD gave a short opportunity. TP at LOD/IR Low. I went long at the BOF of LOL(Layer Over Layer) . I expected it to break the FTA(First Trouble Area) , but reversed and stopped me out.BOF of BRN gave a long signal which gave little profit.

5 comments:

  1. sir..today i had a good long trade ..but not able to understad short trade so missed..ie FTC..i always remain doubtful abt FTC....
    thx

    ReplyDelete
  2. sir ..in above chart we sud take it as BOF or FTC???thx

    ReplyDelete
  3. bizagra

    You are right. In fact a BOF happened there.FTC is nothing but a stall.Price simply refuses to go beyond a certain point. Reason could be absorption.

    ST

    ReplyDelete
  4. please explain the full form of FTC & BRN

    ReplyDelete
  5. Unknown

    Read glossary and other important posts

    ST

    ReplyDelete

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