I-Fund-Trader

Sell on rise or Brake of structure in Futures

Short
I-Fund-Trader Updated   
NSE:ASHOKLEY   ASHOK LEYLAND
One can look for sell on rise near 133/134 or brake of the structure , and Look for covering near 115/114 ,
Trade active:
Yes this is called Technical analysis , when entire world was selling we said wait dont sell it and wait for pull back and reversal to sell it at better price , Now you know why you need professional , Not to get stuck without proper set up
Now look for sell set up and take short only after the confirmation , do not sell it blindly
Trade closed: target reached:
Covered our short near 121 , from 136 to 121 was total 15 Points in Futures
Comment:
Some time we update in social media that trade closed , because lots of people try to enter in the middle and take loss , this was an exact example of Grate Book stair step stops by Maggey , one can Google it , its very old book nearly 50 Year + ,
Price made near 117.20 , we are near to booking our all futures lots , but for sure one have to understand that if you want to enter , Enter at best place , do not enter in the middle because this market is not anyone friend , it will take you out form your trade and can put you in loss ,
Comment:
Made exactly to our long term target 106.90 and it bounced at 105.05 ,
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