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

Thursday, November 8, 2012

08112012


Nifty gaped down and found support at PDL. Went long on the first pullback with stop below LOD and PDL.It channeled for a while. Exited the trade when the channel broke.Nifty reversed at DO without testing PDL. Missed this long trade.Went short at the BOF of HOD. Scratched this trade as it refused to move

6 comments:

  1. my assumption was a BOF at today's 11.50 am high after the DT at 5771 and the closing price of 6-11-12.

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  2. Adhi Narayanan

    Channel moves are very tricky. Of course this time it worked well. In a Channel every successive highs will look like a BOF. Be careful

    ST

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  3. Sir,please define BOF,TST,TP,DO

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  4. Nag

    Please do check the glossary at the bottom of the blog

    ST

    ReplyDelete
  5. Hi sir, thanks for prompt reply. Sir, where do we found candlestick charts while the trading time? or marketing hours?

    ReplyDelete
  6. Nag
    I am using web based charting from
    http://www.icharts.in/
    Rs 3900/- for 6 months

    ST

    ReplyDelete

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