I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday 27 January 2016

Intraday Trades - 27.01.2016

Intraday:  Good Ranging Day today. I feel, mkt should Test 7410-7400 NF tomorrow first for any good upmove.
1) Long on Taps on DP in trend direction.
2) Closed & Short on BOF of Old RH which was initiation of a fast move. Closed at Big hammer.
3) Again a Short on BOF marked with Pink line. Closed in the end.



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5 comments:

  1. nirtos27 January 2016 at 17:03

    HI
    can u elaborate old rh
    thanks

    ReplyDelete
    Replies
    1. Deven Malhotra27 January 2016 at 19:02

      hi Nirtos,

      Generally when the range of Nifty is more like nowadays, We don't get PDH, PDL easily, keeping us waiting for entry. So the last 1-2 hour range work as Old range. I keep considering them for my entries and exits..
      Even the Taps on DP entry you see, is also an Old RH.

      I hope it clarifies..

      Delete
  2. SUNIL KUMAR A K28 January 2016 at 10:11

    Hi Deven,
    Why u skip BOF of IRH/RH at around 10:30, it also BB squeez happened that time.

    Thanks

    ReplyDelete
    Replies
    1. Deven Malhotra28 January 2016 at 21:24

      Hi Sunil,

      1) Squeeze happens in Bias Direction. ITs First Rule. Zoom out the chart, the trend of few days is UP, so take Squeeze for Up only !!
      2) See the Strength of Bar compared to old bars. Don't go a sharp BOF with such strength, rather look for a Pivot Type ideal BOF with another retest of DP and enter on break of a small pivot.

      Delete
  3. Yang Kuo20 June 2017 at 16:09

    Hi Deven,
    Why u skip BOF of IRH/RH at around 10:30, it also BB squeez happened that time.

    thanks for sharing...

    www.golden-slot.com
    gclub

    ReplyDelete

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