Nifty opened within previous day range. First bar was a MC and it acted as the IR. Long on the BPB of PDH above the IR High. Second trade was a short below the range low as FTC.TP at LOD. Another long on the LOL BOF of LOD/BRN. Took profit at HOD.
You are right. It was a fluid. Notice what happened in this area on 03072013.It was a gap. When I entered the first trade I was well aware of it and TP at the end of Fluid The area acted as a Fluid during the next down move and the final up move
When entering a trade notice how price traveled through the area previously
Good. Trading is a skill just like swimming and driving. Once you learn it you will never forget it. But you need to focus on the reality and practice a method with an "Enduring Edge" deliberately.
wow today went according to or rules. I too made good trade.
ReplyDeleteWas it a fluid zone between 5815 and 5835?
ReplyDeleteIf yes, then was there a way to identify it when the first move occurred?
Augu Bhai
ReplyDeleteYou are right. It was a fluid.
Notice what happened in this area on 03072013.It was a gap. When I entered the first trade I was well aware of it and TP at the end of Fluid
The area acted as a Fluid during the next down move and the final up move
When entering a trade notice how price traveled through the area previously
ST
Fantastic trade! I missed the 5835 short but got the BOF @ LOD and it flew like mad through the Fluid!
ReplyDeleteThanks, ST!
Regards,
Jey
ReplyDeleteGood.
Trading is a skill just like swimming and driving. Once you learn it you will never forget it.
But you need to focus on the reality and practice a method with an "Enduring Edge" deliberately.
ST
SS
ReplyDeleteYes.We do miss a lot of good trades
Many times forget to notice some crucial clues.
Anyway. Improving slowly and steadily.
SY