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Wednesday, 27 August 2014
27082014
Nifty opened gap up above PDH and traded in a narrow range of 10-15 points for a long time, then broke the range low and PDH and failed
1). Long on BOF of PDH at 7924, SL below 7914, TP at EOD. +19 points.
We take trade at decision points, long should be above IRH which did not trigger and there was RN also. For short at LOD, there was PDC nearby, Also bias was up so i was waiting for long opportunity.
Are you using order for holding not day trading. How do you keep position upto last. Normally brokers close the day trading(order type MIS in now or nest) position around 15:15
Why not long at first bar BPB and short at lod of BPB
ReplyDeleteWe take trade at decision points, long should be above IRH which did not trigger and there was RN also.
DeleteFor short at LOD, there was PDC nearby, Also bias was up so i was waiting for long opportunity.
VKM
Are you using order for holding not day trading. How do you keep position upto last. Normally brokers close the day trading(order type MIS in now or nest) position around 15:15
ReplyDeleteIf i take trade around 3:00 pm, i enter order as NRML so that i can keep it upto EOD.
DeleteVKM
Thank You very much.
Delete