Nifty opened below PDL. I was looking to short. First two candles acted as IR. Did not short as price did not break the MC. Did not attempt a long as it was a chop area previous day and PDC &MSP was very close. Took two trades BOF of range high and BOF of PDL/TST of Range Low.These trades did not move as expected.
I am able to understand the concept of all the decision points except MSP. I have already read the article on MSP. But unable to identify it.
ReplyDeleteAdhi
ReplyDeleteI have explained it in 28032013 post
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