This is an illustrative example of the concepts being discussed.Markings are just visualizations on historical data in hindsight analysis
Nifty opened above PDH and moved up 50 points quickly. Went long above BRN as BPB. I was a little hesitant to enter here. I suspected 02012014 to repeat. exactly at a 2000 points above level.Remember 01012014 a 5 point range day.? Finally went long as it was a BO after a three day consolidation.Risk was limited.Trade worked well and trailed . TP near 8450.