Tuesday, March 29, 2016

29 - 03 - 2016 (Nifty)



  1. Day trend is sideways
  2. PDL acted as good resistance zone earlier, look for long opportunity
  3. IR (7643-19) formed within yesterday closing range
  4. Will wait for range formation; skipping BPB long of IRH signal
  5. Potential Trade : BPB of PDL short at 7597 with initial SL 7614 (Or) BOF of PDL long at 7620 (above high of BO candle) with initial SL 7606 // long at 7617 with initial SL 7607
  6. Trade 1 (11:33): BOF of PDL long at 7617 with initial SL 7607
  7. Moved SL to 7611
  8. Moved SL to 7619
  9. Moved SL to 7630
  10. Exited with gain of 11 points
  11. Will wait for PA at PDC now
  12. Long tail rejection pin bar at PDC
  13. Couldn't place order at right time, missed it.
  14. No chasing now, tired of more screen time today
  15. Done for the day.


Net: +11

2 comments:

  1. hi,
    i took longs at bof of pdl same as yours, but i placed sl below 7619, below 11:42 candle low and got stopped out...
    did i do anything wrong there ?
    thanks for the daily update :)

    ReplyDelete
    Replies
    1. Anon,

      Nothing wrong, in fact I also placed SL to 7619 and changed it later to allow some PB.. as I thought its worth to take risk and allowed complex pb... just I was lucky enough to fetch some more points.. that's all.

      Delete