Monday, July 22, 2013

22072013

Nifty opened below PDL and bounced back. Long on BOF of PDL. TP when price refused to go above PDH. I was expecting a range between PDH and MSP. Later Nifty broke the MSP and pulled back. Shorted below the MC as BPB. Covered at PDL. BOF of PDL, which came very late, gave a long signal which did not move. Scratched it.
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4 comments:

  1. The stalkerJuly 22, 2013 at 8:05 PM

    Sir
    Don't you take closing time into consideration while taking an entry.

    ReplyDelete
  2. techtraderJuly 22, 2013 at 8:22 PM

    Sir shall we consider first trade as BPB of PDC abve PDL?

    ReplyDelete
  3. SMART TraderJuly 22, 2013 at 8:27 PM

    Stalker
    Yes. Generally I avoid trades at the fag end as there will not be any fresh commitments from traders.

    ST

    ReplyDelete
  4. SMART TraderJuly 22, 2013 at 8:31 PM

    techtrader

    Yes. you can trade it as BPB of PDC/PDL.
    I considered today's opening move as a continuation of the Previous day move.

    ST

    ReplyDelete

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