Friday, August 24, 2012

24082012


Nifty opened just above PDL. First bar gave an impression that it is going to hold. But immediately broke PDL and BRN and gave a pull back. Shorted here expecting a further fall. My stop was behind three barriers BRN, PDL, HOD.but stopped out. BOF of LOD gave a long signal which also did not move. Scratched.. Mother of all Barbed Wire Pattern

2 comments:

  1. bizagra

    Good. You noticed it.
    Today, I failed to notice the IR. I was too much focused on BRN and PDL.In fact I was stopped out by this IR High breakout bar which failed.
    Even though I went long On the BOF of LOD I did not think about the IR.

    ST

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