Thursday, March 3, 2016

03 - 03 - 2016




  1. Once again gap up above BRN
  2. Any PB/TST/BOF to PDH is good opportunity to long
  3. Trade 1: BOF/TST of PDH long at 7380 with initial SL 7365 (15 points SL, but will attempt)
  4. Moved SL to 7382 as HOD crossed
  5. Moved SL to 7389
  6. Moved SL to 7412
  7. Exited at 7450 with gain of 68 points


Net: +68


PS: Another short break tomorrow; back on Monday.
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3 comments:

  1. BharatMarch 6, 2016 at 12:30 PM

    Rose,

    Would you please tell how you trail your sl , with different type of markets and different kind of days.
    When u scratch the trades.

    Thanks and Regards
    Bharat

    ReplyDelete
    Replies
    1. Only NiftyMarch 10, 2016 at 12:25 AM

      Bharat,

      I will try to explain my thought process, i have no rules as such because i never know what kind of day we are going to have.

      I do consider prices are in BUY Zone, if sustaining above PDH and try to safeguard my SL even in case of complex pull back after initiating trade & later i hide my SL with range lows/swing points formed.

      Similarly for SELL Zone i.e price accepting below PDL.

      If price forms range in b/w PDH and PDL, i try to play range extremes.. sell RH and buy RL.. i don't attempt trades if comes with SL above 10 points,, unless i see definite BOF with visibility of more trapped traders.. even if i attempts i prepare for scratching in case of complex PB

      Delete
  2. SrinivasApril 30, 2016 at 10:46 PM

    excellent trade

    ReplyDelete

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