Tuesday, August 13, 2013

13082013


Nifty opened below PDC tried to break BRN 5600. BOF of BRN gave a long signal. TP at 5680.Nice 70 point move. Did not get any other reliable signal.. Type 1 trend day.
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4 comments:

  1. TAIKIAugust 13, 2013 at 7:56 PM

    Hello Smart Trader,

    I am new to your blog, and does not understand the abbreviation correctly. Can you please tell what are the BRN, IRH, IRL setups ??

    Regards
    Taiki

    ReplyDelete
  2. Deven MalhotraAugust 13, 2013 at 8:36 PM

    Hi,

    I missed the first move, but traded the BPB of PDH,..

    I want to know, why didn't you consider this a reliable signal..

    Thanks,
    Deven Malhotra

    ReplyDelete
  3. SMART TraderAugust 13, 2013 at 8:38 PM

    Taiki

    Please do read the Glossary and all Important Posts

    ST

    ReplyDelete
  4. SMART TraderAugust 13, 2013 at 8:43 PM

    Deven

    BPB of PDH was a reliable signal.
    I was already holding long positions at that time. I exited at the point marked TP. There was no reliable signal after my exit

    ST

    ReplyDelete

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