Tuesday, January 28, 2014

28/01/2014






Waited till the volatility due to RBI announcement subsided.  Noticed FTC  on a minor Range High. Shorted there hoping  that the Day Low will again be tested. SL hit.  Missed a BOF trade as the price was moving in a sloping channel. BOF occurred at PDL and at channel top. Strong reasons to go short, but channel made me think otherwise.
Should not take FTC trades for some more time, till I gain experience. Only BOF and BPB  trades must be taken for the time being. Channels should not be a problem for BOF entries, if  noticed at a channel top/bottom.

3 comments:

  1. Hi Karthikeyan,

    good learning....:)

    I took long on break of IRH... and immediately took reverse trade.... got 50+ points luckily......
    When it got TST...PDL.. i sold and SL got triggered... I dont know how to share image here...


    Thanks,
    Mahesh

    ReplyDelete
  2. Hi Mahesh,

    Congratulations.Keep it up.
    You can send the image through Email. or please start a blog. It is so easy and simple. There I can post my comments, everyday.
    Thanks, S.Karthikeyan

    ReplyDelete
  3. Hi Karthikeyan,

    thats ok..i can not maintain blog.every day postings...wil discuss through mail

    Thanks,
    Mahesh

    ReplyDelete