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T For Trading
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Created: by devdas Attachments:799

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T For Trading

  #1011 (permalink)
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So far bulls seems stronger and have taken back their seat. It would be interesting to see how rest of day pans out.


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Last edited by devdas; July 6th, 2015 at 03:19 PM.
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  #1012 (permalink)
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Yet another upshift on Breakout lines.


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  #1013 (permalink)
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  #1014 (permalink)
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Its tough trade.

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  #1015 (permalink)
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Probably i will get first target, a bunch of overhanging resistance might trim the rally.


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  #1016 (permalink)
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Scratched for break even.

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  #1017 (permalink)
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Breakout Lines shifted down.

8430 MIRZ zone is big advantage to bear now, keep the bulls below this and enjoy.


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  #1018 (permalink)
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Stuck in a good ranging market.

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  #1019 (permalink)
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@vinod

Not mixing the methodology, just for observation. A potentially short setup could not pop-up properly. Though Chikou Span was in free zone but not of type (a) category - Absolute Free Zone. Even if it was considered for short,then comes the risk part. Risk could be in dollar tolerance as it is just 14 point but wait - its big on 1 minute chart at present location if we compare it with surrounding.

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Last edited by devdas; July 13th, 2015 at 12:25 AM.
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  #1020 (permalink)
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This has been in observation from some time. A wide range climatic type of bar breaks and sets new Breakout Lines. Development in new Breakout Line zone often turns nicely from breakout lines, giving a good Low risk High Reward scalp trade.


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