Monday, 11 July 2016

5 comments:

  1. Nice video sir,
    I took direct BO @ 8485 and failed. Then took BOF of RL and moved well.
    Nifty struck in tight 18 points range for more than 3 hours, is it wrong to take direct BO?

    Thanks.

    ReplyDelete
    Replies
    1. AKS

      Not wrong but here it depends on what you prefer. Do you prefer to go for buying at range low or range high?. Trading is about making the right choice from available options.

      URD

      Delete
  2. https://3.bp.blogspot.com/-GVMTpSUVpSM/V3Kdq74W2xI/AAAAAAAACf4/Sr-sVcnenrYanen4Uj1k-yMf-bjBKMHTgCLcB/s1600/Nickel280616.png
    Please see the above link, in that you took first trade direct BO of tight range, what is the difference b/w that trade n today's trade.
    Don't mind I was little confused.

    Thanks.

    ReplyDelete
    Replies
    1. AKS

      Have a look at today's Nickel chart. You will find today's chart almost identical to the chart that you have given. Today I did not take the direct BO.

      It all depends on your read and feel of the prices/market at the particular time of taking the trade. It is always better to go for low risk, high probability setups. Whenever the prices go up, it is better to look for buying at range low as first priority. If you could not do that or markets did not allow you to do that, then think about the second priority of buying at range high.

      URD

      Delete