1) Opened with BOF of PDL/PDC. Possible entry point for this Long is above IRH. Didn't go for direct BO as there was no consolidation. Can't think of BPB too as RN was too close; further the rejection was too strong to consider a BPB trade.
2) Upper tails in the narrow range looked like Absorption. Shorted just below RN. Exited 4.5 points loss.
3) Minor TRAP at the Narrow Range resulted in the BO of RH. Didn't take this trade, in the absence of order accumulation, as I suspected that huge selling orders are waiting . Got it right.
4) BOF of DH was a good signal. Hesitated to short in the absence of swing low. Missed the best signal of the day.
5) Subsequent to BOF of DH, order accumulation was seen at the RL. Didn't take this BO as IRH is too close. Further I suspected Complex Pull back. Was eagerly waiting for BOF Long here. But time was already 2.50 PM. Can't take this Long due to want of Margin.
Hello Sir,
ReplyDeleteIs this IG charts are free of cost??
Please provide the url. Thanks for your info.
:)
Ram!
Sir,
ReplyDeleteAbsolutely free. But the actual price will be slightly different by around 2 points, due to spread margins.You have to use the price of your trading terminal for placing the orders. Secondly there will be blank space between yesterday's chart and today's chart, as the charts are programmed for 24 hours. So, you have to minimize to see the previous day chart. Otherwise, it is very very nice.
Go to www.ig.co.uk ---IG services ----Tools and Technology -----charts---------Free instant preview ------- on the left side top search box, mention"India 50". Now you will get India 50 that is Nifty Future. Here click on the small box with the symbol of chart. You are done. Charts will appear. Now you can bookmark this page, so that you don't need to do all these operations every time.
This chart runs on flash player, not Java.
Chart can be maximized to full screen. In some version, you can see the maximize button on top right. In some earlier versions, you will get the pop up,"Tear this chart". Using this you can get the full screen.
If you have any problems, inform me.
Trust this helps.
Thanks
S.Karthikeyan
Thanks for your valuable information.
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