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

Friday, July 20, 2012

Thank You, SS

Today , I have some urgent domestic work and decided not to trade. But in the morning I had a look at the chart and found this .Nifty opened just above PDL and broke down. Then it gave an orderly BPB. It was mouth watering setup. 10 point risk trade with two shields to protect PDL and HOD. I remembered the post written by SS yesterday.(Read it here). Now the upside is capped, range expansion is possible only to the down side. Went short with 4x my normal position.Covered at 5210.
Thank You SS.


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