Monday, 25 April 2016

9 comments:

  1. Thanks Uday,
    What was the logic for first trade ? Wasn't that trade taken at range extreme when nifty had move 30 points ?

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    1. Shashank

      Few things.
      1) It was not just a PDL. It was the low of last three days. So it broke out of that.
      2) BO candle acted as MC. Then it tried to break the high of that MC and failed, showing sign of weakness.
      3) Prices opened below PDC and broke below two DPs, BRN and PDL, again showing sign of weakness.
      4) Lastly, you get one extreme in first hour of trading around 80% of the time. So here probability of breaking the low was high at that time.

      There will be combination of things like this which will give you confidence to take the trade, and not only the pattern.
      Hope it is clear.

      URD

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  2. I think you played momentum play here..

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  3. also bof failure gave more confidence

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  4. Sir if possible,kindly mention the trade taken r TST,BOF,BPB,thnx

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    Replies
    1. Amber

      Patterns are not that important at all. Our ability to read the prices and how we base our decision and judgement is more important for successful trading.

      First was BPB of PDL. Second and third were selling at the range high.

      URD

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  5. Sir smal horizontal line break hone par entry lena hai kya

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  6. Sir small horizontal line break hone par entry lena hai kya

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    Replies
    1. Hiralal

      Ha. Horizontal line par Entry trigger hoti hai.

      Please read and go through all the posts in the Free Education section for better understanding of trading system.

      URD

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