Wednesday 17 August 2016

Aug 17


2 Trades both Scratched.

1> Initial Move to upside unable to sustain above PDC.
2> BOF,
3> Short trade.
4> Not able to move as expected. Back inside DO range. hmm 
5> Trade scratched.
6> can this for a PP set up to break below ?
Nope Scratched
7> Good up move why stalled at top ?
Is it a range day can I expect a BOF on TOP ?
DO can Act a FTA for this trade.
8> Crazy PA should wait for more feel.
9> Why is IRL coming into picture now . This is also DP -- DO. hmm interesting.
10> Why such a strong move ? 
11> There could be OF to take this higher. It is not set properly so avoiding
Good strong BO will it give a pullback or just takeoff from here. If it takes off should let it go.
12> Why such a deep pullback. This could be BOF or a new small range on top.
13> Looks like Good BOF failure. Risk management will be issue. what to do 
Also this could act as a range also.patience is the king :)..
Also MC candle might act as range. Will avoid taking any trade here.
14> Reached other extreme without giving a good entry. Looking at this this might give a PP set up or a BPB.
BPB is ruled out. is PP a good bet ?
Potential for PP trade. Lets see 
15> Short at 40. Target will be 8601. Measured Move in picture. Provided PDL gives in. Looking at Trend strength it looks to Break.
16> Trade Scratched at the pivot.
17> 3 things can happen either reversal where in we can go long at the range with a BPB entry or a BW  or the Trend might continue to reach our Target (part of the game).
Looks like BW will continue for rest of the session. Cannot take a PP trade as we didn't get BOF. Best is to close the trades.

Done for the Day.





5 comments:

  1. Sir,
    "Short at 40. Target will be 8601. Measured Move in picture."
    What is measured maove?

    ReplyDelete
  2. Sir,
    "Short at 40. Target will be 8601. Measured Move in picture."
    What is measured maove?

    ReplyDelete
    Replies
    1. First fall was from (12). Next fall will be equal length.
      Take a look at video post made by Uday in Chartechnicals.

      Delete
  3. Sir i am looking for free DP trading spread sheet is it available?

    ReplyDelete
    Replies
    1. Amith, what is DP trading spread sheet ? Please elaborate.

      Delete