Nifty opened within previous day range. Moved up and broke PDC and PDH. Long on BPB of PDH. Covered when the second push up failed. Shorted below the range low as FTC above HOD. I was expecting PDH to give support. But it went further down to BRN.Went long above PDH on BOF of LOD and BRN. TP at HOD.
dear sir, why do you prefer 3 minutes chart than 5minutes chart?
ReplyDeleteNag
ReplyDelete3M charts give signals little earlier than 5M.Further I started trading Lance Beggs method which used 3M and found it comfortable
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sir,
ReplyDeletei dont have 3 min live chart..so i work with 1 min chart..so what precaution i should take..bcos i trade on ur trading method..which i learn from u and lance begg blog..thank u ..and thanks for useful reply on BPB..
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ReplyDeleteAnon
ReplyDeleteI have not traded the method with 1M chart. It is too fast for me
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Sir,i have a query if u plz clarify..if a stock open with gap up and after substanial rise for around 2 hr if its bullish power faded and if it coming down... do u sell that stock ..if u do on what scenario ? Thanks and respect.
ReplyDeleteAnon
ReplyDeleteI think you are not familiar with my methods. Please go through the important posts
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sir,i am asking that question on the scenario of if stock well above PDH and major s/r well above LTP..
ReplyDeleteAnon
ReplyDeleteIn such situations price may not run till the next S/R. It will make a new swing point and pull back. FTC of this point is a reversal trade opportunity if other situations are favorable
Some times there will be a range move for a while you can trade the signals at the range extremes as usual
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