Tuesday, July 2, 2013

02072013

Nifty opened within previous day range. IR and an envelop formed. BOF of Range low gave a long.. Covered when break of range high failed. Did not look for any other trade as the market was choppy.

2 comments:

  1. There is a pin bar above, where you marked the TP.

    Can we take that as a TST of days(range) high? can we go short here below that pin bar candle?

    ReplyDelete
  2. Adhi

    Yes. Pin Bars are rejection bars and many traders short below this bar

    But I am more comfortable entering on the break of a Flip zone.

    ST

    ReplyDelete

Note: Only a member of this blog may post a comment.