Wednesday, January 16, 2013

16012013

Nifty opened within previous day range. IR formed,MSP of previous day resisted. Short on FTC of IR high .TP when PDL gave support. Short when third attempt to go above IR Low /range high failed.This trade moved well

7 comments:

  1. Hi ST Sir,

    I took following 3 trades today, on different reading of charts, please correct me and let me know any mistake in understanding.

    1. BOF of IRL at 11:15 candle- was stopped out

    2. BPB at IRL at 12:18 candle- TP at PDL

    3. Double top at IRL, went short at 14:33 candle, though FTA(i.e. PDL) was much closer than before, but still took it. Seeing the strong downward candles, didn't book profit at PDL and it moved well

    ReplyDelete
  2. hi sir

    Why did you not go long on the ftc trade at PDC...?The price rejection was rapid...and fta was also not near.

    ReplyDelete
  3. Akshsy

    Price did not touch PDC
    Could not follow your question

    ST

    ReplyDelete
  4. Hello ST:
    Please throw some lights on BOF and
    BPB. Is there any rules to pick the entry candle?

    Tnx,

    ReplyDelete
  5. Sakthivel

    Read the post titled "Three Trade Setups"
    Core concept is the acceptance or rejection of these level. every occurrence is unique. Patterns are shortcuts. May not work all the time

    ST

    ReplyDelete
  6. Akshay

    Bias was bearish. CT trade. Flip zone just above it

    ST

    ReplyDelete

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