Thursday, November 15, 2012

15112012

Nifty gaped down below PDL. Bias was bearish. First candle acted as IR. Short when Nifty failed to go above DO/HOD/IR High.Skipped the counter trend BOF of LOD.
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4 comments:

  1. adhi narayananNovember 15, 2012 at 8:22 PM

    Is there any reason to avoid the BOF of LOD?

    ReplyDelete
  2. SMART TraderNovember 15, 2012 at 8:57 PM

    Adhi

    Notice how many swing highs and lows were made during a 30 point down move .All these levels may act as resistance on the move up . Hence skipped

    ST

    ReplyDelete
  3. UnknownNovember 15, 2012 at 9:22 PM

    whats the time frame here

    ReplyDelete
  4. SMART TraderNovember 15, 2012 at 9:31 PM

    Manjunath

    3 Minute charts

    ST

    ReplyDelete

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