Wednesday, 21 October 2015

5 comments:

  1. URD,
    Why you didnt buy BO-PDH around 10:10 am?
    Zen

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    Replies
    1. Zen

      I am not comfortable yet with direct BO. If there is a TRAP or good pressure play kind of setup I may try that. Also BRN was just above it. We need to learn to wait and have patience for the good setup. Each and every setup cannot be traded.

      URD

      Delete
    2. URD,
      Thanks for your reply. That gave the insight of your thought process. Sincerely appreciate your efforts in sharing the knowledge. Thanks.
      Zen.

      Delete
  2. URD ji, you could have avoided the second trade as PDL was acting as a good support and PDL was just 10 points away. I have read in your previous post and noticed yesterday that it is better to avoid trades when BRN or imp DPs are nearby.

    Having said that, I know it is easy to comment at end of day after looking at the complete picture, but tough to take action then and there. Pls forgive me for my comment.

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    Replies
    1. Sourish

      I always welcome comments in any form. There is nothing wrong in it, so never worry about it.

      After a sharp down fall, I expected it to consolidate some. Once I felt that consolidation was over, tried to enter into the direction of the trend at that time. Remember, if prices are going down, as a thumb rule, support will likely break. So expected it to get broken but it did not and I scratched it.

      URD

      Delete