05.12.2017_Nifty_Future_Dec
17
Prices opened within
previous days range and BO the PDL. A Low probability BPB entry is generated on
first BO of PDL as there was no space for trade to move due to BRN is just
below the PDL. Prices rebounds again and again it tested the PDL and given BOF
entry as marked. There are two reasons to take this entry on PB after BOF :
- The PDL was tested second time and failed
- The Pin type candle at BOF gives a signal of bears strength
I would have taken
that entry with a target to BRN with a SL above the first BO Master candle. The
target has achieved later. Although, after entry prices has moved near the PDL
which gives a questionmark and one could have scraped the trade while trading
realtime. If one could have hold the trade, he could have taken the 20 points
profit.
Second trade comes
when prices gives a BOF entry of BRN which did not fill as the PB does not
reaches the BOF Master candle high that is the entry price.
Third trade
generated on the BPB long Entry of PDL which has given the good profit.
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