Monday, 28 September 2015

7 comments:

  1. Davebhai ,

    Why avoided range brekout PP trade before breakout failure. above 7911?
    We had range brekdown faiure before so i was expecting the range to breakout.

    Thanks and Regards

    Bharat

    ReplyDelete
    Replies
    1. Bhartbhai

      I thought it was in a range. I did not consider it as a PP. So decided to enter only on BPB kind of setup and not on direct BO.

      Try to avoid direct BO. Oftentimes it meets with the failure and that is the problem with direct BO entries. If you entered on direct BO, nothing wrong. Only thing you have to do is manage your trade properly. If it did not work out, exit on first sign and wait for other trade setup.

      URD

      Delete
  2. I think market gives high importance to Spot BRN and RN rather than Future BRN and RN

    What do u say sir? whts ur observation in ur experience?

    In my observation if premium was above 25-30 then No respect for Fut BRN and RN (80 % chance of BW formation expected)

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    Replies
    1. AKS

      We trade futures so whatever levels are there on future we have to consider. You can look at spot BRN and RN for trade management. But for entries prefer future levels.

      I look at spot BRN level and consider it only if that level is somewhere near to DP's. Else do not give any importance to it.

      If you get confused with those levels, spot and futures, do not trade BRN's.

      URD

      Delete
  3. Yesterday your live trading updates were excellent. thanks for these kind of initiatives.

    ReplyDelete
    Replies
    1. NPA Trader

      I tried that way to demonstrate the markings of ranges and their relationship to DP's and trade setups. But unfortunately, some readers took it as buy/sell entries. Learnt my lesson.

      URD

      Delete