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

Tuesday, April 9, 2013

09042013

Nifty opened just below PDH. Made a Barbed wire around PDH. Opening candle acted as the IR and gave a cigarette pattern. Did not trade the break of the cigarette as BRN was too close.Went short on BOF of HOD.. I was not very confident and thought  BRN , IRH or IRL will hold.. Went short again on the break of PDC. Covered the shorts at BRN 5500.
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4 comments:

  1. amberApril 9, 2013 at 10:28 PM

    sir as per you HOD must stay for how much time kindly update thnx

    ReplyDelete
  2. SMART TraderApril 9, 2013 at 10:54 PM

    amber

    No such time limits
    Any swing pivots can become HOD/LOD

    ST

    ReplyDelete
  3. MuraliApril 10, 2013 at 11:59 AM

    Very nicely managed ST :).

    I took the range break trade in morning. It didn't ended great, though it broke 5600. Missed the BOF, for the same reason that 5600 was there and I thought will provide support :)

    Took the BPB trade when IRL got broke and worked liked charm.

    Regards,
    Murali

    ReplyDelete
  4. SMART TraderApril 10, 2013 at 9:55 PM

    Murali

    Once you gain experience, you can trade the method well

    ST

    ReplyDelete

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