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Wednesday, 6 August 2014
06082014
Nifty opened gap down below PDC, IR formed
1). Short on the BOF of range high at 7746, SL above 7751, TP at 7729. +17 points.
2). Short on the break of then LOD at 7714, SL above 7724, TP at 7709. +5 points.
Rose Where i skipped BOF short? I entered BOF short trade below a pivot low bcoz day's bias was not very clear till that time so i waited for a pivot crack to go short, also for long trade i was waiting for clear BPB which not happened.
got your point.. i am referring to white candle (BO bar of IRH) before pivot low candle.. i shorted there n stopped out. learnt from ST that we should trade ranges in conjunction with DP's for high probability trades.
VKM,
ReplyDeleteReg your 1st trade,,, how you skipped BOF short, just before where you entered?
Wanted to know thought process behind avoiding it.
Rose
DeleteWhere i skipped BOF short?
I entered BOF short trade below a pivot low bcoz day's bias was not very clear till that time so i waited for a pivot crack to go short, also for long trade i was waiting for clear BPB which not happened.
VKM
VKM,
Deletegot your point.. i am referring to white candle (BO bar of IRH) before pivot low candle.. i shorted there n stopped out. learnt from ST that we should trade ranges in conjunction with DP's for high probability trades.