Thursday, February 18, 2016

18 - 02 -2016 (Nifty)




  1. Open above PDH; IR 7213 – 7175
  2. Left chart saying 7210-15 are recent swing highs
  3. Will attempt if BOF OF RH happens
  4. Missed short as range broken downside, with no BOF signal at RH
  5. Lower range formed now 7175-7138
  6. Looking for BOF of RH (lower range) Or PA at PDH
  7. Missed BOF of PDH long as no swing point formed



Net: 0
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3 comments:

  1. SourishFebruary 19, 2016 at 12:40 AM

    Thanks for the chart. I have a question. Why did not you sell at BOF of BRN 7200 at 11:15

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    Replies
    1. Only NiftyFebruary 19, 2016 at 9:54 AM

      Sourish,

      I was looking for BOF at DH .. which didn't happened. I would have missed fall even looking at BRN, becoz i always look for swing point formation after a BOF. I am comfortable this way.

      Delete
    2. SourishFebruary 19, 2016 at 10:05 AM

      Yes, it becomes somewhat risky going for Buy/Sell without swing point formation. Although, I have seen URD taking those trades without hesitation so asked, what was your thought process at that time. Thanks for the reply.

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