Tuesday, 25 August 2015

25082015


Today Nifty opened gap up within yesterday's big range. There was a good sell at BRN 7900 in the morning.  Missed it as I was busy with work.  Some time later took the late trade as BPB of PDL.  Moved well.  Covered it around BRN 7700.  Then there was a good reversal from 7700 after a good BOF. Did not participate in it.  Also missed another opportunity to enter into the up move at 7800.  Around 2 pm attempted one sell trade as it seemed to be getting resistance at 7900.  It moved in favor 30 odd points but quickly reversed.  Scratched it.

One needs to get adjusted to a new situation very quickly, here it being high volatility.

5 comments:

  1. I dint understand whichone is the 'Some time later took the late trade as BPB of PDL.' ?
    -Did you mean BrkDown of PDL around 11am?
    - Before BrkDown, it looked as if PDL gave support , was it not a buy signal ?

    ~Senthil

    ReplyDelete
    Replies
    1. Senthil

      Trade was taken as marked by the down arrow on the chart. Late entry means, an ideal entry for short trade was at TRAP pattern or after the complex pullback from BRN.

      On first test to PDL it survived but on retest it did not. There was also LOL.

      URD

      Delete
  2. Hi URD,

    Back after a long time.. market seems interesting, fetched some time to test my sync.. here are paper trades

    BTW i am in Q for your training program; catch you soon :)
    Very happy to see the design of training program.

    ReplyDelete
    Replies
    1. Rose

      Good to see you after a long hiatus. Thanks for the TP. Will keep updating about it here.

      URD

      Delete
  3. Hit the nail on its head - VOLATILITY is the name of the game. Lance Beggs highlighted the same in his post today.

    ReplyDelete