Nifty opened within previous day range and traded within a 30 point range the whole day..Two short trades of BOF of IR High moved to the other extreme of the range as expected.. BOF of range low did not move and scratched this trade.
hi How do you decide the bias for the day...?DO you make conscious effort of not trading between 12 to 1..?Why did you not take 1st BOF of IR low around 12?
I will change my bias depending on the price action at DP. If price convincingly break above a DP and get accepted I am bullish till price encounter another DP where I will turn neutral.A rejection there will make me bearish.
I trade all the time if I get a valid signal
I did not attempt the BOF at 11.30 because I was already short and was hoping the market to break down further. Notice that price did not go above the breakout bar high for nearly an hour.
hi
ReplyDeleteHow do you decide the bias for the day...?DO you make conscious effort of not trading between 12 to 1..?Why did you not take 1st BOF of IR low around 12?
hi
ReplyDeleteAre you planning to share your live trading desktop?
Akshay
ReplyDeleteI will change my bias depending on the price action at DP. If price convincingly break above a DP and get accepted I am bullish till price encounter another DP where I will turn neutral.A rejection there will make me bearish.
I trade all the time if I get a valid signal
I did not attempt the BOF at 11.30 because I was already short and was hoping the market to break down further. Notice that price did not go above the breakout bar high for nearly an hour.
ST
Akshay
ReplyDeleteAt present, NO
There are other priorities which need a lot of attention
ST