Hi STWhere would have been the entry for the second short?? (BPB PDL). Below 7940??Thanks
Below 7940 with SL above RN 7950Need not wait for SL exit when price move above flipST
Hi ST,Could we say there was no manipulation today or did the overweight market just crash?
Big money always manipulate markets. I feel the up move of 18092014 was manipulated to trap longs and eat premiumST
MY TRADES :http://screencast.com/t/hBKQCMRintkLAST TRADE : http://screencast.com/t/yMdillpQsEsZ
Third trade was within a range formed around RN. That too on an expiry day. Let the price prove that it is going to move away before entering the tradeST
Hi ST,The place where you TP was a BOF PDL right ?rgdsKishore
Yes. But it moved just 2 points below PDLST
ST,You ignore tails right for PDL ?So how come its just 2 points ?I took that BOF long above the pivot .Please commentBetween I closed this month with 4% loss .But better than I expected .thanks Kishore
Sir,As per my chart, the penetration was more, if we exclude the tails. Should we see how far the tail extreme has been penetrated for taking PDH/PDL BOF?Thanks,S.Karthikeyan
Right. It could be more. I did not measure it.I took the near round number 7960 as PDL Anyway after the BOF price went to FTA ,the earlier swing high, the last impulse low which acted as a flipMarket gave more than enough time to exit the trade at a profit or at break even. Hope you might have used the opportunityBeing expiry day , my focus was on RN 7950. Price was pushed down below 8000 strike in the morning itself. Now the question was whether bulls will be able to arrest the fall at 7950 or not. Then price made lower highs and lower lows . Then a breakdown.We cannot make some rules for price action like minimum 5 point overshoot is required like that.It is up to you to decide. ST
Sir,Thanks for the guidance.S.Karthikeyan
how many points s/l you took per trade?
I will try to limit it within 10 points.ST
I do not trade expiry day afternoon sessionEspecially around RN and BRN which are option strikesST
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