Thursday, 18 January 2018

6 comments:

  1. My trade is same as the one you projected ( the short one)....

    ReplyDelete
    Replies
    1. Good trade. Happy to learn that someone is benefiting from all the hard work that has been done through this blog.
      URD

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  2. Thanks sir.
    What kind of order flow you expect for first trade?
    Naveen

    ReplyDelete
    Replies
    1. It was LOD then so we can expect some order flow there. Also in this kind of bullish market, traders will look to enter on such pull back to lows.
      URD

      Delete
  3. Davebhai,
    In the first trade.. the failure you considered was below low of first bar. how can we treat it as failure untill it moves above the level. ? second trade was part of downtrending channel and moved above the level you shown. in pullback. considering that a weak brekdown. i avoided short. what was the correct thought process there?

    Bharat

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    Replies
    1. For first trade, you need to enter into the trade only once it gets accepted above the level (blue line) as a BOF.

      I don't see any channel formation there. It was moving down creating flip and buffer zones.

      URD

      Delete