Friday, 21 August 2015

21082015


Nifty opened full gap down.  Did not attempt WT gap BPB trade on down side.  As expected it spent some time trading in the range.  Shorted on what appeared to be a good BOF of range high.  Had to scratch.  Then it gave wonderful opportunity to go long at DO/HOD then.  Made the most of out it.  Booked around 8310.

2 comments:

  1. The first trade you mentioned is a bit tricky one... Why you did not attempt the previous 3 BOF of the range (3 red candles prior to the one you have marked , netween 1pm tp 1:30pm ) ...what is the thought process behind it ?

    ~senthil

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  2. Senthil

    It considered it as a barbed wire pattern, and not a BOF.

    URD

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