Did not trade the morning session. Tried a long trade on BOF of PDH. Price failed to break HOD. Scratched. No other trades today.Did not take the last breakout
Please comment on 11:15 candle...can it be termed as BOF? or just as master candle (though at that time above it there was not space to move)?? or to stay away from entry after such strong rejection yet big red main body?
Once an envelop forms around initial range, you need to trade the new range.IR loses importance.Trade the range extremes, here HOD and PDH Trap is the BOF of MSP.
hello traders in Nifty Nirvana ...namasthe.... i am following website,but iwould like to know about shortcut words. please any of you clarify these detail. thanks.
Hi ST
ReplyDeleteWith IRH, IRL marked on the charts today, there was no space for the trade to move. Best to stay out??
How do we decide that?
Thanks
TBP
TBP
ReplyDeleteBetter to stay out, I think.
I stay out during announcements
Cant say how the market will react
ST
Hi ST
ReplyDeletePlease see my trades
[IMG]http://i61.tinypic.com/1pyvk9.png[/IMG]
Trade 1 :- TRAP
Trade 2 :- BOF of Range high ..Expected to move till PDH.
Trade 3 :- BPB RH.
Have I started seeing things .
Please check my marking /lines in the image
thanks n rgds
Kishore
Dear ST,
ReplyDeletePlease comment on 11:15 candle...can it be termed as BOF? or just as master candle (though at that time above it there was not space to move)?? or to stay away from entry after such strong rejection yet big red main body?
Kishore
ReplyDeleteOnce an envelop forms around initial range, you need to trade the new range.IR loses importance.Trade the range extremes, here HOD and PDH Trap is the BOF of MSP.
ST
Anon
ReplyDeleteYes it is a BOF of PDH
You can go long above the candle high on normal days. On announcement days signals may not be reliable
ST
hello traders in Nifty Nirvana ...namasthe....
ReplyDeletei am following website,but iwould like to know about shortcut words.
please any of you clarify these detail.
thanks.
Hi ST,
ReplyDeleteIsn't this a TRAP?
http://tinypic.com/r/2ni77mp/8
rgds
Kishore
raj
ReplyDeleteThere is a glossary at the bottom
ST
@raj.abj
ReplyDeletePlease check the glossary section
http://niftynirvana.blogspot.com/2012/01/glossary.html
I may visit the important posts here :-
http://niftynirvana.blogspot.in/2012/02/structure-and-patterns.html
http://niftynirvana.blogspot.in/2012/02/rants-n-raves.html
rgds
Kishore
Kishore
ReplyDeleteTRAP is
TREND ACCELERATION PATTERN
Where is the trend?
Price was trading in a 20 point range all the day.Price should atleast trade in a lower range.
http://niftynirvana.blogspot.in/2014/01/trap.html
ST