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

Thursday, November 21, 2013

21112013

Nifty gaped down below PDL. First MC acted as IR. Short on BPB of BRN below IRL. Tp around 6050. Did not get any other reliable entry. All the day Nifty was slowly drifting down.

4 comments:

  1. Sir, I entered long @ 6050 in the same bar you TP, scratched later on.
    Thanks.

    ReplyDelete
  2. arvind

    Do not attempt counter trend trades on trend days.CT trades only after the break of MSP. Your trade went exactly where it was supposed to go and reversed.

    ST

    ReplyDelete
  3. Dear ST

    I missed the BPB of BRN but I entered at 13:33 bar (6149) considering it to be BOF of range low and TP at 6135, which was my target and then LOD. Was this trade as per our method and rules?

    ReplyDelete

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