Monday, 15 February 2016

6 comments:

  1. Hi URD,
    After full gap up near 120 points, how we take BPB trade? i expect some consolidation near BRN, whats your thought process?

    I thought it has type 1 day n took trap entry at around 12:20pm

    Thanks.

    ReplyDelete
    Replies
    1. AKS

      It was a counter trend full gap up, so expect opposite order flow from trapped traders. When markets are very volatile and moves in large swings, it does not matter how many points it gapped up.

      You took a good trade. It was an ideal situation to initiate trade.
      URD

      Delete
  2. URD,

    I was waiting for swing low to broke to initiate TRAP pattern & couldn't get long entry.

    Did I miss any thing today ?

    ReplyDelete
    Replies
    1. Rose
      I have marked two setups where last swing low got broken. You could have initiated long on them.

      URD

      Delete