Friday, January 18, 2013

18012013

Nifty gaped up above PDH. A trend gap. Failed to break the highest high. Formed the initial range and made a cigarette pattern. Did not attempt to trade breakout as PDH and BRN were present as LOL. Went long on BOF of IRL/PDH. Scratched it later.

2 comments:

  1. hi sir
    I have trading mini nifty futures using price action...I have analysed most of my losing trades have been counter trend trades...When you started trading using this system was it the same with you...And how long did it take you to become a consistently profitable trader...?

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  2. Akshay

    No doubt CT trades are more risky. Still most of my losers are CT trades.Better stay away from it at least during the initial period

    Still I Am not a "Consistently profitable Trader" who can trade for a living,but a "Breakeven" trader who can survive in the market long enough to learn.
    My trading is evolving and I am improving slowly and steadily

    ST






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