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.

Friday, 21 November 2014

Intraday Trades - 21.11.2014

Intraday: Mkt open near PDC. Tested it & went down. Didn't short as bias was up from yesterday last move.
1) Long on BPB type trade. Price jumped leaving me blank!! Bad Luck here.
2) Another Long on BOF of IRH. Closed at BRN.

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2 comments:

  1. GV22 November 2014 at 19:13

    SIR,
    YOUR IRH AND IRL IS DIFFERENT WITH SMART TRADER. HOW?

    ReplyDelete
    Replies
    1. Deven Malhotra23 November 2014 at 09:31

      Hi GV,

      IRH & IRL are dynamic DPs what we see while trading. Its always intraday Range High & Low, which keeps on changing. These are based on one's perspective & it can never be same for 2 people unless its clear enough. So for good & Visual pivots, we generally mark same DPs. But it differs many a times for dynamic ranges.
      It doesn't matter much till rationale behind that trade is right.

      Thanks,
      Deven Malhotra

      Delete

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