Tuesday, 9 February 2016

8 comments:

  1. URD,

    What was ur initial sl for this trade?

    I skipped as my SL is 15 points..below BRN

    ReplyDelete
    Replies
    1. You initially can keep it below BRN as soon as you enter the trade. If the setup fails and prices come back within the range you can look to exit.
      URD

      Delete
  2. Dear Daveji

    Why not Short @ BOF of Range high around 13.44 hrs. and again around 14.50 hrs.

    Regards,
    Veer

    ReplyDelete
    Replies
    1. After the BOF I usually look for swing pivot to form to enter into the trade. Here it did not form and prices quickly traveled close to the target. Only way to enter into such BOF is to enter below BO bar. On first BOF I was already long. If someone missed the long, could have entered short below BO bar. Second BOF was not really a BOF but rather TST. I trade mainly two setups, BPB and BOF and rarely direct BO.

      URD

      Delete
  3. Replies
    1. Sunil

      We can take CT trade with confidence in a range-bound moves. Here it was in a range-bound mode. In a trending mode, it is better to go with the trend.

      URD

      Delete