Wednesday, 5 August 2015

05082015


Nifty broke the PDH in open and traded above it whole day.  Took first trade as BPB of BRN and PDH.  It did not move well. Scratched it.  Then it traded in the narrow range for long time. Took BOF of Range High. Could capture this quick down move to Range Low.

Added a poll at the bottom.  Please take a part.

4 comments:

  1. Sunil

    Thanks. Your blog is not getting updated. Have taken a time off? Hope everything is fine there.

    URD

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  2. Thanks Dave, when I simmed took 2 long trades at the same location as your. Some how couldn't change Bias. Because of your question to ST, Learnt about critical mass position bit more. Thinking of going back to sim mode and do some more simming for atleast few months chart. To get hold of these.

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  3. Shashank

    What I usually do for BPB trades, just to be with the momentum, is that I do not wait for more than 30 minutes after the BO. For first trade, thought about removing the order once it spent more than 30 mins after BO, but somehow got carried away. For second one, as I commented, was looking for BOF rather than BO. Critical mass concept is worth exploring more. Please share your views once you are done.

    URD

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