Wednesday, January 14, 2015

14012015


This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
I was not watching market live. Nifty opened within previous day closing range. BOF of IRH gave a short signal. Difficult to trail beyond BRN. Then a PP long on price coming above PDL to the early range.

8 comments:

  1. PP Trade had jump of around ~30 points. Very scary.. Booked profit and stayed out.

    ReplyDelete
  2. ST, where would one start in order to learn your method? My email address is coolriverjoe@gmail.com any help would be greatly appreciated. Thank you

    ReplyDelete
    Replies
    1. Unfortunately there is no step by step method to lean the method
      Method is based on some concepts and understand these thoroughly by going through all the important posts
      Then proceed as written in the following posts
      http://niftynirvana.blogspot.in/2014/03/way-to-go.html

      ST

      Delete
  3. Dear ST,

    Why no BOF trade of the BRN? The BOF baffled me and was caught on the wrong side.

    ReplyDelete
    Replies
    1. I think you are referring to 11.30
      If you entered short at PDC/IRH you will cover the short there
      Otherwise likely to get stopped out on the long

      ST

      Delete
    2. Yes. I was referring to the same. Also, I had entered it from the long side with the BOF of BRN, is that a wrong side trade? Can you please highlight the flaw in the thought process. Thanks!

      Delete

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