Opened just below PDC.
Shorted before Swing low was formed and paid with SL. Price rose with a vengeance
broke the confluence of PDH/PDC/BRN with consummate ease. Didn't go Long, as I was waiting for BPB of BRN
Spot, which didn't happen. Later Rajeshji explained it clearly.
broke the confluence of PDH/PDC/BRN with consummate ease. Didn't go Long, as I was waiting for BPB of BRN
Spot, which didn't happen. Later Rajeshji explained it clearly.
Placed a SELL order at BOF on second testing of Range high, but cancelled it due to very low momentum.
Shorted on the BOF
of RN at 3rd testing. Scratched with 5 points, as price was
supported at the next MSP.
Reply by Rajeshji(Nifty Nirvana) to my query.
Sir,
Nifty Spot was 6096, when you entered the first BPB trade. Is it not necessary to wait for the BRN Spot to get broken?
Reply by Rajeshji(Nifty Nirvana) to my query.
Sir,
Nifty Spot was 6096, when you entered the first BPB trade. Is it not necessary to wait for the BRN Spot to get broken?
SK
Previous day Nifty was in a tight trading range and morning it was breaking out of the range.Breaking out of previous day range is a major transition.I was aware of the NS BRN.
Price broke IRH and a very strong level PDH/PDC/BRN confluence very coolly without a pull back
usually such moves will not end without a second leg move before consolidation. Further risk was very low. If price break fails just exit and try to buy at BRN.
Level breaks work only on the traded instrument.No body will keep SL or limit orders on spot. The only thing is that we must be well aware of the area and there is a possibility of institutions defending the area.
Previous day Nifty was in a tight trading range and morning it was breaking out of the range.Breaking out of previous day range is a major transition.I was aware of the NS BRN.
Price broke IRH and a very strong level PDH/PDC/BRN confluence very coolly without a pull back
usually such moves will not end without a second leg move before consolidation. Further risk was very low. If price break fails just exit and try to buy at BRN.
Level breaks work only on the traded instrument.No body will keep SL or limit orders on spot. The only thing is that we must be well aware of the area and there is a possibility of institutions defending the area.
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