Friday, 10 June 2016

Nifty Future 10062016
















It opened at PDL and traded in the initial range. Then it attempted to break out.
Trade 1.  After the successful break out above PDC/IRH, it gave nice BPB setup to go long.  It moved unexpectedly very well.
It reached to PDH and gave BOF of the PDH.  There was also what seemed to be a climax but since it had gone up with momentum expected some sort of range/consolidation there and not the immediate reversal.
Trade 2.  As expected it traded in a range after BOF and gave a good Pressure Play setup to go short. On its way down there was also a BPB of PDC to go short again.  This trade too moved very well.

After breaking the PDL it traded in the range as expected and did not give any other setup to trade.

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2 comments:

  1. Excellent trade setup URD
    Thanks for chart

    ReplyDelete
  2. Thanks URD,
    We don't ask many question it may add extra pressure/work/time to you.

    We need just trade setup as per DP system.

    Thanks

    ReplyDelete