Nifty opened near PDL and spiked. IR formed. Went long on the BOF of
PDL/BRN. TP around 6140. BPB of BRN was another short signal. I skipped
it as price was moving down in a channel.But it moved 30 points.
I think you are referring to the break at 11.30 Two trouble areas .PDL and BRN. It reversed from BRN Initial move was a very strong spike to the upside. I suspected buy orders around DO/IRL
Will be posting my trades, In process of building system. Have picked up few concepts from your method. Please comment(good / bad). All most welcome. Better to be correct by a friend than Market :).
Hi ST,
ReplyDelete1st trade same as yours.
2nd Trade 14:12 Breakout failure of BRN (6100). Scalped it as prices didn't go the way expected.
Thanks for the 3rd trade (BPB 6100), missed it totally. I think I was day dreaming at that time.
ST,
ReplyDeleteIsn't a trade at ends of the channel profitable? In this case, a short at the top that you have noted with TP?
- Rahul
Rahul
ReplyDeleteCant identify it as a channel move in real time at that stage. It may end up as another range within the breakout spike
ST
sir, why u didnot initiate a direct short below IRL ?
ReplyDeletei did that.
Thanks
Anurag
ReplyDeleteI think you are referring to the break at 11.30
Two trouble areas .PDL and BRN. It reversed from BRN
Initial move was a very strong spike to the upside. I suspected buy orders around DO/IRL
ST
Hi ST,
ReplyDeletehttp://xrtrader1.blogspot.in/
Will be posting my trades, In process of building system.
Have picked up few concepts from your method.
Please comment(good / bad). All most welcome. Better to be correct by a friend than Market :).