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

Friday, August 30, 2013

30082013

Nifty opened within previous day range. Moved up and broke PDC and PDH. Long on BPB of PDH. Covered when the second push up failed. Shorted below the range low as FTC above HOD. I was expecting PDH to give support. But it went further down to BRN.Went long above PDH on BOF of LOD and BRN. TP at HOD.

9 comments:

  1. dear sir, why do you prefer 3 minutes chart than 5minutes chart?

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  2. Nag

    3M charts give signals little earlier than 5M.Further I started trading Lance Beggs method which used 3M and found it comfortable

    ST

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  3. sir,
    i dont have 3 min live chart..so i work with 1 min chart..so what precaution i should take..bcos i trade on ur trading method..which i learn from u and lance begg blog..thank u ..and thanks for useful reply on BPB..

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  4. This week was fantastic sir, Thanks ,Thanks a lot. God bless you.

    ReplyDelete
  5. Anon
    I have not traded the method with 1M chart. It is too fast for me

    St

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  6. Sir,i have a query if u plz clarify..if a stock open with gap up and after substanial rise for around 2 hr if its bullish power faded and if it coming down... do u sell that stock ..if u do on what scenario ? Thanks and respect.

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  7. Anon
    I think you are not familiar with my methods. Please go through the important posts

    ST

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  8. sir,i am asking that question on the scenario of if stock well above PDH and major s/r well above LTP..

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  9. Anon
    In such situations price may not run till the next S/R. It will make a new swing point and pull back. FTC of this point is a reversal trade opportunity if other situations are favorable
    Some times there will be a range move for a while you can trade the signals at the range extremes as usual

    ST

    ReplyDelete

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