Tuesday, November 27, 2012

27112012


Market gaped up above PDH and spiked without giving a pull back. IR formed.Expectation was a channel move. Did not enter on first pull back as it was below BRN 5700.BPB of BRN gave a long signal.
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2 comments:

  1. adhi narayananNovember 28, 2012 at 6:51 AM

    Normally you don't take positions in a channel move. how is it possible in this case?

    ReplyDelete
  2. SMART TraderNovember 28, 2012 at 9:02 PM

    Adhi

    This trade I entered because I Could keep my Stop loss below BRN and the first pullback swing low.Very defensive position with low risk

    ST

    ReplyDelete

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