Tuesday, June 4, 2013

04062013

Nifty opened just below PDC and spiked. Formed a wide initial range. There was no space for a channel move with BRN and PDH very near. Short on BOF of IRH. Did not move as expected . Scratched. Thought of going long on BOF of  swing low. but was not confident to trade into a  prominent flip zone 5980 and the market proved me right.Missed most of the down move. Short was late on the BPB of DO/IRL. TP at PDL
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4 comments:

  1. Sunil SaranjameJune 5, 2013 at 8:13 AM

    ST, remember Doji on inditraders? she has a nice post on Wyckoff's Thrust and Spring.

    http://www.chartreader.co.in/2009/06/trading-wyckoff-terminal-upthrust-and.html

    There is one more good link on this topic:

    http://www.financial-spread-betting.com/trading/wyckoff-spings-upthrusts.html

    Thanks,

    ReplyDelete
  2. DeepJune 5, 2013 at 1:27 PM

    I m visiting ur blog regularly and try to understand ur trading strategy but some nomenclature I do not understand pl. give it them in ur blog

    ReplyDelete
  3. SMART TraderJune 5, 2013 at 7:16 PM

    SS

    Will go through them
    Thanks

    ST

    ReplyDelete
  4. SMART TraderJune 5, 2013 at 7:17 PM

    Deep

    Go through the glossary

    ST

    ReplyDelete

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