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

Monday, August 5, 2013

05082013



Nifty opened within previous day range. IR formed. Long on TST of BRN. BRN was also the PDC and IR low. I was ready to scratch if it bounced from IRH. This trade made good money. Missed the down move as I was not confident to trade around 5740 which happened to be a BRN of spot Nifty.Tried another long on BOF of IRH. Scratched later.
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1 comment:

  1. Deven MalhotraAugust 5, 2013 at 11:34 PM

    Hi,

    I also took the same 1st trade, exited early at IRH..
    Took the Short trade also @ 5748, when there was a BOF for NS & 2nd big Green candle touching 5760 acted as master Candle, but when it broke the Down channel to upside at 5740, i was out.. so no big profits today..

    Thanks,
    Deven

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