Tuesday, June 18, 2013

18062013

Nifty opened within previous day range. IR formed. BOF of IRH gave a short signal . TP on BOF of IRL. Long on BOF of IRL. Nice up move. TP above PDH. BOF of PDH gave a short. Suspected the IR high to act as support. Shorted only below IRH. TP At BRN 5800
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5 comments:

  1. adhi narayananJune 18, 2013 at 10:53 PM

    Is this an example of envelope formation day?

    ReplyDelete
  2. SMART TraderJune 18, 2013 at 11:07 PM

    Adhi

    Envelops are intra day ranges engulfing an earlier intra day range
    I have written a separate post on this

    ST

    ReplyDelete
  3. SAMJune 19, 2013 at 7:47 PM

    STji,

    Sorry for late query on Monday...

    I am surprised by your Monday's chart as you have not given any trade on that..

    As after breaking the BRN there were opportunity to go long

    Also short BELOW IRL.

    Sir can you share how you filter not to trade opportunities...??

    Thanks in advance

    Regards
    SAM

    ReplyDelete
  4. SMART TraderJune 19, 2013 at 7:53 PM

    SAM

    Yes. You are correct
    I stand out during announcements expiry and budget.

    ST

    ReplyDelete
  5. SAMJune 19, 2013 at 8:45 PM

    Thanks STji....

    ReplyDelete

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