Thursday, 10 August 2017

Nifty Future 10082017


It opened full gap down but could not go lower.  After that it reversed and filled the gap but again failed to move higher. Once it started getting accepted below BRN, a short setup was possible around 1 o'clock as marked with the target of LOD.  Another short setup was a direct BO of range low which also moved well.

7 comments:

  1. Excellent trades.
    What was the reason taking direct BO trade and why you didn't wait for BPB short trade of range low there ?

    ReplyDelete
    Replies
    1. Dushmant,

      With trend direct BO trades often works. Plus CT move got exausted upon gap fill which indicated prices are unable to move higher. If it's not going to move up, then only other way it can move is down.

      URD

      Delete
  2. URD,

    In which cases, you decide to go with BO.. in which cases, you wait for BPB.. can you provide some details on this.

    ReplyDelete
    Replies
    1. Rose

      When PA reading gives confidence like today, take some risk and go for direct BO. When you are not sure or get conflicting clues, go for confirmed setup like BPB.

      URD

      Delete
  3. Thanks for your post . . .
    I took a short on 12:09pm big red candle... with 1st tgt as IRH(1st blue line)...and 2nd target as day low(2nd blue line ..)..
    But frankly speaking I could not hold it so long... I dint want to lose on what I got... so exited early... as soon as I got 750bucks...

    now it looks stupid on me...
    :-(



    :-)
    zen

    ReplyDelete
    Replies
    1. Zen
      Trades need time to move. Rarely it will give big move in short time.
      URD

      Delete