Friday, July 3, 2015

03072015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis    
Nifty opened a little below PDL and bounced back. Long on BPB of PDC. Closed when price failed to move above BRN 8500. Went short on the breakdown of PDH. Price bounced from earlier swing low and scratched it. BOF of range low moved well but only after stopping me out.
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5 comments:

  1. TrekkieJuly 3, 2015 at 10:44 PM

    Thank you ST. I messed up today!

    ReplyDelete
  2. TrekkieJuly 5, 2015 at 9:24 AM

    Hi ST, where should initial SL be for first trade. bekow PDC? Thanks

    ReplyDelete
    Replies
    1. SMART TraderJuly 5, 2015 at 9:57 AM

      Pullback candle low

      ST

      Delete
    2. TrekkieJuly 5, 2015 at 12:15 PM

      thanks a lot ST, very often I find myself in kaivitta ayutham type situation 😀😀 I was anticipating that long, my chart gave me a big pin bar , i looked at one min and the first bar ws red and somehow that made me hesitate and lose my weapon (knowledge). felt.like.a complete idiot after that.😞

      Delete
  3. TrekkieJuly 6, 2015 at 3:03 PM

    Hi ST, please post today's chart if you can. I totally could not find any entry. I took one short in the morning at IR high. Then there was perhaps a CT PP entry around 12:35 or so which I thought about but wasnt confident to . It would be awesome to see your chart today. Thanks.

    ReplyDelete

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