Wednesday, 27 August 2014

27082014


Nifty opened 20 points full gap up and made an initial range.  Nifty traded most of the day within this 15 point initial narrow range. Finally broke it on the down side but came back into the range.

In hindsight, failed range BO was the only trade opportunity today.

2 comments:

  1. Hi Dave,
    Just my thought:
    We get 10-15 days in a year , where in we sit out. Key is not to take boredom trades.

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  2. xrtrader

    Problem is we do not know when will we face these 10-15 days. It is not written on the calender that today is going to be range bound. But this kind of range is very easy to spot during the trading day. Price does not cross its morning high and low and trade within it. We can easily trade its extremes.

    URD

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