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.
at

2 comments:

  1. adhi narayananJuly 3, 2013 at 9:32 AM

    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. SMART TraderJuly 3, 2013 at 10:25 PM

    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.