Friday, November 4, 2016

03 - Nov - 2016 (Nifty)


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7 comments:

  1. RPKNNovember 4, 2016 at 11:52 AM

    Any specific reason why u ignored the BPB signal?

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    Replies
    1. Only NiftyNovember 6, 2016 at 4:45 PM

      RPKN,

      Trend is down.. Gap down followed by strong up move crossing PDL.. price moved from sell zone to newutral zone.. idle trade would be BPB of RL (PDL in this case).. or wait for range formation and look for BOF of RL/PDL.. here in this case stop loss trigger of CM shorts would results some upmove.. waited for PB/TST to PDL to go long above swing high.. but SL came big (around 15 points).. which i feel not worth of risk.. choosen to wait for some consolidation/range formation.. and look for BOF of RL/PDL later.

      Hope i am clear!

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    2. RPKNNovember 7, 2016 at 3:40 PM

      Thanks for the explanation Rose..Nice thought process. Getting this kind of thought process during trading is great.
      Prabakaran

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    3. Only NiftyNovember 8, 2016 at 1:08 AM

      Prabakaran,

      Keep a notepad handy, and write down your thoughts alligning to price action. If you have clearly defined daily trading plan.. that would really help.. as you wont distract during market hours.

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    4. RPKNNovember 8, 2016 at 10:58 AM

      Thanks Rose, Trading plan... do u mean the list of self rules to be followed?

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    5. Only NiftyNovember 9, 2016 at 5:06 AM

      Yes, I do have my own trading plan.
      check here http://onlyniftyy.blogspot.de/2016/03/daily-trading-plan.html

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    6. RPKNNovember 9, 2016 at 12:19 PM

      Thanks Rose

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