There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Wednesday, March 28, 2012

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Nifty opened within previous day range. BOF of swing low gave a long signal. BOF of PDO gave another trade signal. A retest of this level also failed. One can skip the next two signals as the FTA was too close.

6 comments:

  1. plz explain the abbrs. used

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  2. Sam
    BRN is Big Round Number
    Others explained in glossary
    ST

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  3. Hi.. I have just started following your blog and your approach seems to be refreshingly simple. I am relatively new to market although had my share of major losses as a novice trader.. Can you please interpret your lines ' One can skip the next two signals as the FTA was too close ' a little more. Although don't you post some pre-market analysis.Thanks a ton for sharing - Kranti

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  4. I meant ' Also , don't you post some pre-market analysis '.. Its a request

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  5. Kranti

    Thanks for the comment.
    FTA is an area where some opposing order flow is likely. I have made a post on it before.

    I do not do any pre-market analysis
    I just negotiate the price action as it unfolds at decision points.

    ST

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  6. Thanks ST. I am still surprised how you manage like that without a pre market analysis although i also don't believe in making it complicated.. I will keep in touch with you and learn.. I also really appreciate your language and ability to express what you want to say..

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