Thursday, 31 July 2014

31072014


Nifty opened full gap up.
1) BO of IRH.  Went long above first candle high as BPB of PDH. It did not move.  Loss of 7 points.
2) BPB of IRL.  It remained in the range for a very long time making a cigarette pattern.  Finally broke IRL/DO and bounced from PDH as expected but it did hold the flip where I entered. Then moved nicely.  Booked it around RN with profit of 51 points.

6 comments:

  1. Hello Dave,
    Is this Nifty Futures Chart?
    NIFTY spot didn't gap up today, your chart seems to be out of step with futures charts too, am confused !

    -trading noobe

    ReplyDelete
  2. Hi URD
    How did u TP in the short trade?

    TBP

    ReplyDelete
    Replies
    1. TBP

      I booked it when it first bounced from RN, on completion of green candle above RN.

      URD

      Delete
  3. Hi Dave,
    You seemed to have traded JULY CONTRACT.

    ReplyDelete
  4. Dave, chart is not showing the correct Nifty value.

    ReplyDelete
  5. I traded using August future chart today. I forgot to mention this on the post.

    URD

    ReplyDelete