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Tuesday, 19 August 2014

19082014


Nifty opened gap up above PDH and went above BRN 7900 then fall back below BRN and failed
1). Long on BOF of BRN at 7904, SL at 7897, stopped out. -7 points.
Missed the upmove after 12:00 pm.
2). Short on the BOF of Range High/Day High at 7910, SL at 7918, TP at BRN bcoz it was a CT trade and i was not much confident about it so exited at FTA. +10 points.



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3 comments:

  1. ArvindAugust 20, 2014 9:42 am

    Hi VKM.
    Why did you avoided the BPB of HOD, which happened just before you took your second trade.
    Just want to know your thought process at that time.

    Thanks in advance.
    Arvind

    ReplyDelete
    Replies
    1. VKMAugust 20, 2014 7:31 pm

      Arvind Kumar
      Market was at all time high at that point, all traders positional and intraday was already long so i thought who will trap? There was only one reason for taking long if new traders come and join the long side, but looking the range till that time i was not convinced for long so i waited for BOF trades only.

      VKM

      Delete
    2. ArvindAugust 06, 2021 12:45 pm

      Hi VKM.where are your now a days.

      Delete

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