Friday, 24 April 2015

24042015


Nifty opened just above BRN but broke down below it as well as PDL.  Took BPB of PDL but it did not work and got stopped out.  Then it remained in the range for long time and was not able to cross PDL.  Missed the BOF of PDL due to lunch time.  Shorted on the break of range low.  Moved well.  Covered once it came back above BRN.

I will not be able to update the blog for next few weeks or months due to some personal reasons.  Thank you all for your support.  Wish you best of luck in making profit in trading.

8 comments:

  1. what was your initial stop for the 2nd entry below range low?

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  2. NPA Trader

    Trigger was 8340.5 and SL limit was 8341.5

    URD

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  3. Davebhai,

    In second short trade you shorted before th break down of range? what was the logic and there was barbwire around 8450 at that time
    Please Explain when u free.

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  4. Bharat

    Shorted below the LOD then, i.e. below the range as direct BO of range low. It was a trade away from the barbwire and not into the barbwire.

    URD

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  5. Daveji,

    Eagerly waiting for your return. Thanks for being around and helping us out.

    S.Karthikeyan

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  6. Thanks URD. Best wishes to you. Will wait for you to return soon :) !

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  7. URD, I will miss your posts.
    Your posts are the most beneficial ones for me.
    Please keep updating as and when you get time.
    Best of luck.
    TiZ

    ReplyDelete