Friday, 10 October 2014

10102014


Today there was a CT full gap down.  First candle acted as MC.  Avoided going short below it because of BRN and gap area created on yesterday.
1)  BOF of BRN.  This did not move.  It remained in narrow range and refused to move up.  Scratched it at 4 points of loss.
Then there was BO of PDL and HOD.  Avoided going with BPB as I suspected channel move.
2) BOF of PDL.  Shorted below the MSP.  It moved slowly but well.  Booked when it felt like not breaking the LOD.  Profit of 31 points.

8 comments:

  1. good evening sir ,
    how can i select nifty future in MT4
    pls advice
    radha

    ReplyDelete
  2. Radha

    I have explained everything about MT4 and nifty future 3-min chart in the post. Please go through it and follow all the steps as mentioned,

    http://charttechnicals.blogspot.in/2014/05/nifty-future-mt4-real-time-charts.html

    URD

    ReplyDelete
  3. thanq very much sir,
    i will try.
    thanks & regards
    radha

    ReplyDelete
  4. Thanks Dave, liked the way you came out on first trade..

    ReplyDelete
  5. Hi Dave,
    Need to discuss/Brainstorm full time trading. Can you share communication email id please?
    Mine: xrtrader1@gmail.com
    Just want to get your perceptive on a situation.


    ReplyDelete
    Replies
    1. xrtrader

      Sure. It is charttechnicals@gmail.com


      URD

      Delete
  6. Davebhai,

    Why didnt u exited the second trade above 2.33 ... earlier bars were giving long wicks and this bar rejected after breaking
    BRN.. what was the thought process of holding it with earlier swing as sl?

    Regards

    Bharat

    ReplyDelete
    Replies
    1. Bharatbhai

      I felt at that time trend strength was good as it was respecting flips. So decided to hold it on for some more time.

      URD

      Delete