Closed the shorts @ 4640 & Long @ 4645, when the day's high cleared.
TARGET: 4670-4675. SL @ 4628.
At 12.35 PM: Covered the longs @ 4672.
Retracement strategy, a must for traders.
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
5 comments:
when did you cover the short? @ 4585 or 4640 ?
Hi..Ankush,
I could have covered it @ 4585 but expected another low. But did not happen.
When it cleared the day's high, I had to reverse the trade.
Now nearing the target.
Sir, i too wanted to buy the dip and thot as well that it wud go down further... but to my surprise its turned up on me....which i hv missed too.. to what level can it come down or shud wait for expiry to find its levels and then take further course.
Sir, you hv been a big help and support.
Thanks alot.
Best Regards
Ekta
hi..Ekta,
I feel the high for the day may be 4680-4685. If moves past, 4700, that will be quite bullish.
If it stalls at 4675-4685, then it can come down..
Now buy into next series(Sept) around 4585 - 4625.
OR on a break past 4700.
Our Conservative Long is sitting pretty. Aggressive need to slug it out..
Best regards.
ilango
I appreciate your sincerity in telling that you could not go long @ 4585. Actually I went long @ 4600 and saw your comments that you will go long @ 4585 and this gave me surety. Our trades match to great extent.
Ankush
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