Monday, January 20, 2014

20012014



Nifty opened near PDC and sold. BOF of PDL-RN gave a long signal. Went long above PDC. TP around BRN 6300NS area. Did not take FTC as BRN was near. Nifty was channeling down. A TRAP pattern did not trigger. Nifty made an upward channel move. Another TRAP pattern triggered a long. Entered above the swing high . I expected enough orders to break HOD. But there was no follow up buying. Made 10 point on it.

3 comments:

  1. woah. all comments vanished somehow

    ReplyDelete
  2. W.r.t. 1st TRAP pattern which did not trigger. Which bar and what price did you place your SL order?
    Thx,
    DM

    ReplyDelete
  3. DM

    I placed a sell order below LOD and it did not trigger. So no trades.After entry if BO of LOD fails, I will exit

    ST

    ReplyDelete

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