30042014

Nifty opened above PDC and ran away. Could not capture the up move.Price made 4 attempts to break above PDH and failed. FTC above PDH gave a short signal. Price hovered around BRN for a long time. I was expecting a second leg down through the fluid. Finally price broke down and I covered at DO. Attempted another short on BPB of PDL into the fluid. My target was BRN. A sudden 20 point pull back scared me. But there was no follow up.Flip held well. TP at BRN. Finally a long BOF trade of BRN. It moved more than I expected.

29042014

Nifty opened within previous day range. 70 point down fall was too quick and unexpected. Could not capture it. Went long on the BO of range High.Could have entered long on the BOF of Range Low Exited at a small profit. Entered short on BOF of  BRN 6800. Nifty retraced the entire up move quickly. TP at RN 6750. Did not attempt any other trade.

28042014

Nifty opened near PDC. First candle acted as IR. Skipped the BOF of IRH as there were three supports below . PDL/IRL, BRN and NSRN 6750. Long on BOF of BRN, PDL. Trade did not move scratched. Attempted two more trades. BO of IRH and BOF of IRH,PDC.These trades also failed. Scratched.

New Look YTC

YTC is now back with a new design. Lance has really done a wonderful job. I really loved the new look.It is so fresh and clean . Now it has become easy to read and navigate .

I urge all my readers to go through the archives. It contains hundreds of no nonsense articles written by Lance Beggs since May 2008. My next few weekends are scheduled for this.Going to re-read and rediscover Check the new site

25042014

Traded continuous charts today. Nifty opened above PDH. This is due to premium factor. IR formed. BOF of IRL was inviting with two nice pin bars. But trade did not move. scratched.Went short on break of PDH. As I expected price was able to break RN. Then trailed till PDL. Nifty traded in a range below PDL for a while. Long PP trade did not work. Scratched.

23042014

Expiry day . Did not attempt any trades today. Avoided the morning long due to PDH,RN and NS RN. Afternoon it was all chop.