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
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7 comments:

  1. UnknownDecember 18, 2013 at 3:55 PM

    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. SMART TraderDecember 18, 2013 at 4:32 PM

    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. UnknownDecember 18, 2013 at 5:00 PM

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

    thanks,
    TBP

    ReplyDelete
  4. sandeepDecember 18, 2013 at 6:36 PM

    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. SMART TraderDecember 18, 2013 at 6:55 PM

    TBP

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

    ST

    ReplyDelete
  6. UnknownDecember 18, 2013 at 7:04 PM

    Hi ST,
    Thanks for the clarification

    TBP

    ReplyDelete
  7. KaviDecember 19, 2013 at 5:57 PM

    Hi ST

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

    Thanks
    Kavi

    ReplyDelete

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