Wednesday, February 17, 2016

17 - 02 -2016 (Nifty)



  1. Trade 1: BPB of PDL short at 7038 with initial SL 7048; FTA BRN
  2. Moved SL to 7008
  3. Exited with gain of 28 points
  4. Hovering around BRN now... BW or channel in formation?
  5. Will wait for PA at PDL or DH now
  6. Not a convincing BOF at DH; stepping aside for now
  7. BRN acting as support; will see BOF long emerges here
  8. Transitioning from sell to neutral zone; long can be attempted above PDL
  9. Trade 2: BPB of PDL long at 7050 with initial SL 7041
  10. Moved SL to 7052 once DH crossed
  11. Moved SL to 7095
  12. Exited at 7120 with gain of 68 points



Net: +96
Posted by at

6 comments:

  1. BharatFebruary 18, 2016 at 10:16 AM

    Rose,

    Nice trades :).

    In which bar you enter 7038 short and 7050 longs?

    Do we not wait for entries on higher levels when we already have good down move earlier day expecting sideways to reversal day?


    Bharat

    ReplyDelete
    Replies
    1. Only NiftyFebruary 19, 2016 at 9:57 AM

      Bharat,

      Markets in high negative sentiments, also failing to sustain above critical level PDL signals strength to bears.

      I mostly prefer not to miss longs above PDH if trend is bullish & shorts below PDL if trend is bearish.

      Delete
  2. BharatFebruary 20, 2016 at 12:19 PM

    Rose ,

    Thanks for your valued reply,
    Which tf trend you consider for deciding sentiments and trend.

    Thanks and Regards

    Bharat

    ReplyDelete
    Replies
    1. Only NiftyFebruary 23, 2016 at 1:01 AM

      Before market opens, I look for resistance and support levels from Hour and Day shorts..
      Rarely we get into need of them, as most of time market ranges Above/Below PDH/PDL...

      For me, Trend is UP if price trades above PDH.. prefer to trade long
      Down if trades below PDL.. prefer to trade short
      Rangebound if trades with in PDH and PDL.. prefer to trade range

      Delete
  3. BharatFebruary 20, 2016 at 12:23 PM


    Rose,
    Also pls reply which bar you took the trades?
    Thanks

    ReplyDelete
    Replies
    1. Only NiftyFebruary 23, 2016 at 1:03 AM

      Bharat,

      Difficult now, couldn't locate it.
      From today, i am drawing lines at trade entries.. see if this is useful.. check in 22nd post

      Delete

Subscribe to: Post Comments (Atom)