Tuesday, 3 June 2014

03062014


Today was an announcement day for RBI credit policy.  Waited till the announcement was done.
1)  BPB of PDH.  I was a bit skeptical about this trade's success as I took it in the middle of the range but it moved well breaking BRN and NS BRN. Booked at 33 points when failed to go up further.
2) BOF of HOD.  Shorted below the MC. Booked at 27 points when it bounced from PDH.
Missed the last move up.  It was nice up move in the fluid.

7 comments:

  1. Hi URD,
    Nice trades. Congrats.
    I traded tata steel.
    I identified a TRAP trade and traded it.
    Do let me know whether I was correct in spotting it and making an entry..

    Plz click here

    Thanks
    TBP

    ReplyDelete
  2. Hi TBP

    Thanks.

    You have traded the TRAP very well. You are correct. I just read on Moneycontrol that TS was up 6%. You captured the trending up move very well. TRAP works very well in a good trending day.

    UR Dave

    ReplyDelete
  3. Sir,.
    Very good trades.

    Your cheat sheet is eagerly awaited.

    Thanks,
    S.Karthikeyan

    ReplyDelete
    Replies
    1. SK

      Thanks.

      It is in the process.

      UR Dave

      Delete
  4. when can we expect it? eagerly waiting...

    ReplyDelete
  5. Hi URD,
    Nice trading going on. I have just taken MT4...please tell me how to set timeframe of 3 minutes?

    ReplyDelete
    Replies
    1. Ath Shree

      Thanks.

      I have already written a post on MT4 and how to set 3M timeframe. Please go through it.

      http://charttechnicals.blogspot.in/2014/05/nifty-future-mt4-real-time-charts.html

      UR Dave

      Delete