Saturday, January 26, 2013

25012013

Nifty opened near previous day close.First bar acted as IR. Later IR extended and formed an envelop. BOF of IR low gave a long signal. TP at PDH.

4 comments:

  1. hi sir
    Why did you not take FTC short near the extended IR high..?

    ReplyDelete
  2. Akshay

    Notice what kind of a candle made this extended high

    ST

    ReplyDelete
  3. You did not go short because of the master candle..?

    ReplyDelete
  4. Akshay

    Yes, Below the MC low there was no space for the price to move. Notice how the MC low and IR low gave support

    ST

    ReplyDelete

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