Nifty opened near PDC. Broke PDC and PDH. Went long on BPB of PDH. But it pulled back deep and I exited suspecting a Barbed wire.Exit was below PDH/PDC at a small loss. Another long on BPB of BRN. TP when price bounced from NS BRN.Price traded within the last impulse rest of the day.
Hi ST,
ReplyDeleteJust 1trade .
http://tinypic.com/r/fwkv28/8
thanks n rgds
kishore
Nice trade.
DeleteYou trailed it well. I exited in a hurry
ST
yes ST,
DeleteI kept SL below 10 points initially ...Luckily it didnt hit
thanks n rgds
Kishore
Hi ST
ReplyDeleteAny reasons for not going long on break of then HOD around 8080 on the upside. Could it be BOF PDH above 8080??
Thanks
TBP
Hesitated after the early long failed
DeleteST
I thought at that time it was more probable that BB around PDH will develop.
DeleteThanks ST Sir. Slowly, I am getting the hang of the system.
ReplyDeleteTrader-in-the-Zone.
Even I was a bit worried about larger dip after BPB long PDH, but my SL was saved by 1.5 pts, and I was more confident of NF long eventually working out by looking at broader indices around 1015 am which were gaining up even though Nifty spot had dipped below 8050, and NF below PDH. I was thinking a grinding upmove like yesterday but it was a bit like channel. Today it worked out well and booked at 8114 NF, rationale being too much CE OI buildup around 8100 level (45 lakh) so it can't keep running so much in one day.
ReplyDeleteMissed the 2nd trade BPB long of BRN.
Sir
ReplyDeleteHow did you avoid the BOF of PDH, PDC happened at 9.30 ?
Decided to short the break of DO/LOD as it was close
DeleteFurther it was counter trend
ST