Tuesday, 22 March 2016

2 comments:

  1. Uday, your second trade BOF given a very good move. But there are lot of clusters above this PDH/PDC/DO/BRN, did'nt you feel like they might act as resistance (FTA)

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    1. Kiran

      In the morning it was better to avoid trading into those clusters because we never know how the clusters are going to act. But once it gave us a new range, i.e. from LOD to PDH, we can trade that new range. Those clusters may still act as S/R but because of this new range, probability of working them as S/R is very less as they are now in somewhere middle of the range. The reason is that prices were able to penetrate the clusters twice, once on way up to PDH and once on way down to LOD.

      URD

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