Monday, 18 August 2014

18082014


Nifty gaped down about 17 points but immediately filled the gap and broke the PDH.
1)  BPB of PDH.  It moved well.  Booked at 20 points of profit around 12 noon as I had to call it a day.

Today was a type 1 trend day without giving another good opportunity to ride the trend except the TRAP entry as marked in the chart.

6 comments:

  1. Thanks Dave.
    Still remember you post on Trap (word doc). Very well written.

    ReplyDelete
    Replies
    1. xrtrader

      Thanks. It works very well on the trending day and gives a chance to get into the trend again.

      URD

      Delete
  2. Hi URD
    Wish you could stay longer in the trade...
    Was a good trade.

    Thanks
    TBP

    ReplyDelete
    Replies
    1. TBP

      Good to see you back. My trading is restricted nowadays to only the morning session.

      URD

      Delete
  3. Sir, Could u pls mark possible trades on few commodity charts.... can these price action trades be applied to commodity charts also successfully?

    ReplyDelete
    Replies
    1. Anon

      DP trading concepts, I feel, can be applied successfully on the Indian markets be it currency, stocks, commodities as our markets are not traded 24 hours. So on all markets there will be PDH, PDC, PDL, BRN etc. What you need is, learn these concepts well and get yourself educated about the particular underlying you want to trade.

      I trade only Nifty future so I won't be able to comment on commodities.

      URD

      Delete