Hi STWith IRH, IRL marked on the charts today, there was no space for the trade to move. Best to stay out??How do we decide that?ThanksTBP
TBPBetter to stay out, I think.I stay out during announcementsCant say how the market will reactST
Hi STPlease see my trades[IMG]http://i61.tinypic.com/1pyvk9.png[/IMG]Trade 1 :- TRAPTrade 2 :- BOF of Range high ..Expected to move till PDH.Trade 3 :- BPB RH.Have I started seeing things .Please check my marking /lines in the imagethanks n rgdsKishore
Dear ST,Please comment on 11:15 candle...can it be termed as BOF? or just as master candle (though at that time above it there was not space to move)?? or to stay away from entry after such strong rejection yet big red main body?
KishoreOnce an envelop forms around initial range, you need to trade the new range.IR loses importance.Trade the range extremes, here HOD and PDH Trap is the BOF of MSP.ST
AnonYes it is a BOF of PDHYou can go long above the candle high on normal days. On announcement days signals may not be reliableST
hello traders in Nifty Nirvana ...namasthe.... i am following website,but iwould like to know about shortcut words.please any of you clarify these detail.thanks.
Hi ST,Isn't this a TRAP?http://tinypic.com/r/2ni77mp/8rgdsKishore
rajThere is a glossary at the bottomST
@raj.abjPlease check the glossary sectionhttp://niftynirvana.blogspot.com/2012/01/glossary.htmlI may visit the important posts here :- http://niftynirvana.blogspot.in/2012/02/structure-and-patterns.htmlhttp://niftynirvana.blogspot.in/2012/02/rants-n-raves.htmlrgdsKishore
KishoreTRAP is TREND ACCELERATION PATTERNWhere is the trend?Price was trading in a 20 point range all the day.Price should atleast trade in a lower range.http://niftynirvana.blogspot.in/2014/01/trap.htmlST
Note: Only a member of this blog may post a comment.