Tuesday, June 25, 2013

25062013


Nifty opened within previous day range. IR formed. Skipped the BOF of IRL as BRN,IRH,PDH were  just above the entry level. Long ON BPB of BRN/IRH. Second trade was a short on BOF of HOD. I expected PDH to hold. But it did not. TP at BRN
at

4 comments:

  1. AnonymousJune 25, 2013 at 11:15 PM

    HOW COULD YOU GO Long ON BPB of BRN/IRH, WHEN PDH WAS VERY CLOSE ? PL CLARIFY. THANKS.
    SHAI

    ReplyDelete
  2. SMART TraderJune 25, 2013 at 11:25 PM

    SHAI

    I went long as the PDH was toooooooo close
    Notice the swing high above which I went long.It was The same level of IR High if you consider the tail of second candle. Further it was HOD at the moment
    I expected some stop orders above this level and triggering of these stops will take price safely above PDH
    In fact PDH resisted much more than I expected. It held the price for 15 minutes before giving way. I really thought of scratching

    ST


    ReplyDelete
  3. AnonymousJune 26, 2013 at 10:30 PM

    thanks, however, considering your approach and as PDH was very close, i could not have acted as you acted and waited for BO of PDH, and to go long after BPB of PDH.
    YOUR COMMENTS ARE SOLICITED, as i am trying to understand this concept

    Shai

    ReplyDelete
  4. SMART TraderJune 27, 2013 at 7:27 PM

    Shai

    There is no perfect method to trade.
    We are all work in progress.Find your own way to trade the concepts and own the system.
    Aim to win more than you lose. That is all

    ST

    ReplyDelete

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