Thursday, August 22, 2013

22082013

Nifty opened below PDL. Skipped the BOF entry as FTA BRN and PDC was very close  Entered on the BPB of BRN/PDC. Later scratched this trade. Next signal was the BPB of IRH/PDC. This one moved well and exited at BRN 5400.Nifty is respecting the Decision points well despite high  volatility.
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7 comments:

  1. UnknownAugust 22, 2013 at 10:24 PM

    sir, why didn't u exit in the fall after 12:30, we were sitting in profits of 40+. Where was your sl at that time ??
    Will be thankful for your guidance.
    Thanks

    ReplyDelete
  2. videvAugust 22, 2013 at 10:44 PM

    Hi ST,
    I think that you use the LTP of Nifty future as PDC rather than the exchange reported close which is last 1/2 hour VWAP I think. Is it better to use LTP instead of exchange's close as PDC in your opinion?

    thanks
    vivdev

    ReplyDelete
  3. SMART TraderAugust 22, 2013 at 11:04 PM

    anurag

    The big candle which broke 5350 level closed at the high extreme. I thought there could be one more leg up to BRN 5400 after a pull back.My stop was below the MC and below the round number 5350

    ST

    ReplyDelete
  4. SMART TraderAugust 22, 2013 at 11:22 PM

    vivdev

    I always monitor markets own levels never calculated levels.

    ST

    ReplyDelete
  5. UnknownAugust 23, 2013 at 9:32 AM

    Thanks a lot sir.

    ReplyDelete
  6. ArvindAugust 23, 2013 at 11:42 AM

    Sir, Is there anyway to access your older blogs,just for learning purpose.

    Thanks

    ReplyDelete
  7. SMART TraderAugust 23, 2013 at 9:26 PM

    Arvind

    Sorry. It no longer exist

    ST

    ReplyDelete

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