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Monday, 25 August 2014

25082014


Nifty opened below PDH/PDC and immediately went above PDH, Initial bias was up
1). Long on BPB of PDH at 7946, SL below 7939, TP(scratched) at 7949. +3 points.
2). Long on BPB of Range high at 7965, SL below 7956, TP at 7967. +2 points.
3). Short on BOF of HOD, entered below MSP at 7960, SL at 7970, trade moved well and trailed till PDL, TP when second push failed to go below PDL at 7916. +44 points.

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4 comments:

  1. UnknownAugust 25, 2014 7:13 pm

    Hi,

    Can we take short trade, where ur second long trade's TP is?? I took short as BOF/FTC DAY's high. Where was i wrong?
    Thanks

    ReplyDelete
    Replies
    1. VKMAugust 26, 2014 9:56 am

      No, market was very bullish at that time, there was no clear BOF, it was only a pullback and this type of pullbacks had come before, but if you took and managed it well then no harm, bcoz we never know the outcome of our trade.

      VKM

      Delete
  2. UnknownAugust 25, 2014 8:35 pm

    sir, your last entry short. Is that a BO trade or BPB trade.

    ReplyDelete
    Replies
    1. VKMAugust 26, 2014 10:04 am

      I took that trade as BOF of HOD but entered below MSP(dotted line) so you can say that a BO of range low made by three pivot lows.

      VKM

      Delete

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