Friday, November 30, 2012

30112012

Nifty gaped up above PDH. IR formed . Entered long on the retest of the level after BOF of IR low.. Second trade was also a long trade . BOF of BRN 5900.Bulls are not willing to liquidate their position it seems.
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4 comments:

  1. akshayDecember 1, 2012 at 11:46 AM

    hi
    Do you use a fixed point stop loss...?If yes then how much...

    Regards
    Akshay

    ReplyDelete
  2. SMART TraderDecember 1, 2012 at 5:32 PM

    Akshay

    No.
    All my trade setups are reversals. I keep my SL beyond the price extreme, but try to limit it within 10 points

    ST

    ReplyDelete
  3. UnknownDecember 1, 2012 at 8:13 PM

    smarttrader, i want 2 apply this system to crude oil. any specific inputs ?

    ReplyDelete
  4. SMART TraderDecember 1, 2012 at 8:34 PM

    Manjunath

    Sorry, I have no idea about commodity markets.

    ST

    ReplyDelete

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