RE: [sharetrading] ASIA

 

Typically the first low of first 5 minutes is to be treated w/caution. Basically one has to wait for the low to be validated w/ next higher Time frame. Like wise a breach of a high or low of the next higher TF is seen as a reversal.

In today’s case 5263 spot near was breached abt 1140. It is only that out of 10 strikes how many returned profits. We can have just 3 trades doing good, with 7 trades of 10-15 point SL.

Today UK’s movmt is playing spoil sport. I still feel 5285 near is a resistance point. But  will not allow us to short and CF.

UK Markets are still in shorts CF condition, though ID is rising. But India is otherwise.

Be cautious

 

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From: sharetrading@yahoogroups.com [mailto:sharetrading@yahoogroups.com] On Behalf Of kk s
Sent: Wednesday, June 30, 2010 8:18 AM
To: sharetrading@yahoogroups.com
Subject: RE: [sharetrading] ASIA

 

Abbe

How do we know what is the low? Wil it be the 1st low hit after market opens ?

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To: sharetrading@yahoogroups.com
From: abrahamap@airtelmail.in
Date: Wed, 30 Jun 2010 07:56:20 +0530
Subject: [sharetrading] ASIA

 

 

A call for high risk takers.

Buy the lows seen for ID long. But remain short below levels shown below.

All markets have opened down and showing a rise…………….

Keep imp levels as 5240, 5290, 5312.

Shorts/long SL is next level

 

 

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