Wednesday, December 18, 2013

18122013

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Announcement day. Stayed out till the announcement is over. Tried a short on FTC of vertical move. The fluid below was the attraction. But BRN 6200 option strike lend support. Long above the consolidation. This one also ended as a scratch. BOF range low was a long opportunity. Skipped it as it was very  late. This moved well without me.PDC/PDL wrongly marked as LOD

7 comments:

  1. Hi ST,

    As Nifty was bouncing from a DP of 6150(f), I attempted a long with target as PDH which got filled.

    My bigger question is was my marking of BOF wrong?

    click here

    ReplyDelete
  2. TBP

    Yes as per your charts it appears as a BOF of PDC/PDL. Your trade is valid. A small inside bar within a WRB can be considered as pull back

    As per I chart level price has not gone below PDC/PDL( wrongly marked as LOD in my chart)

    ST

    ReplyDelete
  3. Hi ST,
    Thanks for the reply.
    did I mark MC wrongly and the subsequent BOF trade. Plz clarify

    thanks,
    TBP

    ReplyDelete
  4. Sir
    What if we trade without considering the news announcements that is going to come? Today ,on hindsight ,market took out the lower range(6200-6185)that u have marked in the chart ,reversed and broke above the higher end of the range ,the BRN 6200.

    ReplyDelete
  5. TBP

    The candle is too big a spike.
    MC is a BO candle extending to both the sides

    ST

    ReplyDelete
  6. Hi ST,
    Thanks for the clarification

    TBP

    ReplyDelete
  7. Hi ST

    Just sent you an email. Please check at your leisure.

    Thanks
    Kavi

    ReplyDelete

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