Friday, August 23, 2013

23082013

Attempted two short trades today. BPB of BRN in the morning and BOF of  HOD in the evening.First one was a stop out and second one a scratch.

5 comments:

  1. ST ji,

    Can one term the rally that followed the decline from BOF of HOD, a fluid run. The price after breaking the minor swing high 5432.85 @14:30 covered the entire fall from HOD, giving 32 points.

    Thanks

    ReplyDelete
  2. Anon

    The area may act as a fluid.But We should get a proper entry first at a DP before initiating a trade

    ST

    ReplyDelete
  3. Sir,
    How do you concluded the final HOD, I mean the market kept on making highs at frequent interval.

    Thanks.

    ReplyDelete
  4. Arvind

    HOD and LOD is always named in hindsight.Market makes an extreme and fails to go beyond it. Then a crack of MSP happens. this is a clear sign of trend reversal.

    ST

    ReplyDelete
  5. I myself took a short around 5421 NF (extremely bad entry chasing the price and mixing intraday with positional) but then exited at loss when realized that IRH and PDH were both closeby 5422-5424 and it started to trade above those levels.

    So in hindsight I realized, I feel there was not enough space for it to move so.

    ReplyDelete

Note: Only a member of this blog may post a comment.