There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Tuesday, January 15, 2013

15012013

Nifty opened within previous day closing range. Traded in a tight range and made a cigarette. Got trapped in a downside break. Exited when price climbed back in to the range. Usually in a tight trading range, BOF of an extreme will cause the other extreme to break.Went long just above the FTA.PDH did not give any resistance
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4 comments:

  1. adhi narayananJanuary 16, 2013 at 2:50 PM

    Is there any reason for using icharts instead of amibroker or metastock?

    do you feel web based charts are accurate than the charting s/w?

    ReplyDelete
  2. SMART TraderJanuary 16, 2013 at 7:58 PM

    Adhi

    No such reasons. I started with it and still continuing with it.Did not explore any other options. This is sufficient for me. No head aches.

    ST

    ReplyDelete
  3. MOHIT SHARMAJanuary 16, 2013 at 10:29 PM

    Dear Sir,

    Can we trade the BOF of the range high @ 11.47 candle in this chart?

    ReplyDelete
  4. SMART TraderJanuary 16, 2013 at 10:42 PM

    Mohit

    It can be traded.Always the target of a range trade is the other extreme of the range.But consider the brokerage, slippage execution error etc. is it prudent to go for such a trade ?

    ST

    ReplyDelete

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