Tuesday, 26 April 2016

11 comments:

  1. Thanks Uday, Took the TRAP and scratched.
    Looking at trend though PDC will hold. What made you think it will break.

    ReplyDelete
  2. thanks for the write up.. can you please include the rate on the right most part of the picture...im seeing this part is edited...

    ~zen

    ReplyDelete
    Replies
    1. Zen

      Click on the image. It is complete with rates. Nothing is edited.

      Uday

      Delete
  3. Uday sir Ignore earlier comment. I forgot to Notice narrow range. Now it makes sense to take BO trade.

    ReplyDelete
  4. Hi Dave,Above PDH,BPB for long entry is there ,i traded that today.

    ReplyDelete
    Replies
    1. Sri

      Yes, it is there. If someone missed the direct BO entry, market gave second chance to enter.

      URD

      Delete
  5. Replies
    1. Sri,

      PP means pressure play. It is a direct BO entry.

      URD

      Delete
  6. Hi URD,
    Its a narrow range of yesterday's fag end impulsive move, but today only two taps to PDC in a span of short time, I m waiting for one more tap to take direct BO. But it went suddenly.
    Please share your logic beyond first trade.
    AKS

    ReplyDelete
    Replies
    1. AKS

      It is not just a PDC. Prices were in decline mode. It opened gap down, with-trend. But then started going up without testing the PDL, showing sign of strength. Filled the gap. At this point you expect sellers to go with the trend and sell aggressively there at PDC and bring the price down, which did not happen. Prices just hanged around PDC creating a pressure there. Also the BO from narrow range of few days a day before would turn out to be a failure if the prices were to enter again back into that range area. Above the PDC there was that range area.

      Also these kind of moves both ways happen near the expiry.

      Hope it is clear.

      URD

      Delete