Friday, July 24, 2015

24072015

This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis 
Nifty gaped down below PDL and traded in a range for a long time. A short at IRH did not move for a long time . Scratched.Traded in a  lower range after the break down. PP below RN gave 20 points
at

6 comments:

  1. xrtrader1July 24, 2015 at 4:04 PM

    Thanks ST..

    ReplyDelete
  2. AnandJuly 24, 2015 at 4:12 PM

    Why previous day is considered at 8588 instead of 8580 i.e exact low


    Regards.
    anu

    ReplyDelete
    Replies
    1. SMART TraderJuly 24, 2015 at 4:23 PM

      Usually i ignore tails if the exist at extremes

      ST

      Delete
  3. TrekkieJuly 24, 2015 at 5:39 PM

    thanks a lot ST

    ReplyDelete
  4. AnandJuly 24, 2015 at 5:41 PM

    thanks. Tails at extreme are noises may be, why you didn't considered multiple rejection at PDL as TST of resistance. Thanks once again for your patience in answering our queries.

    ReplyDelete
    Replies
    1. SMART TraderJuly 24, 2015 at 6:09 PM

      I was short in the market during those tests. Finally exited when the break below 8580 retraced quickly.
      Did not short the break of range low then. Could not get a pullback later

      ST

      Delete

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