Wednesday, January 29, 2014

29/01/2014




First candle indicated a PDH BOF. Could have entered at the bearish engulfing candle on PB.  Didn’t.  BOF at RH was the next signal. No space with IRL.  Hence skipped this trade.

Tried Long at BOF – RN.  Managed to scratch without loss, as TSL had been kept at flip zone.    Entered another Long at BOF-PDC.  Again TSL at  flipzone helped in escaping with a minimum profit.  

Then came the best opportunity of the day. BOF – RN or BOF/FTC –MSP.  Started doing some other job in the hope that there will not be any big move for the day.  Missed a good opportunity to take a WT trade. Say good bye to fixed ideas and notions, if you want to capture all the good moves.

Read  about keeping TSL at flipzone a few times. Only today started practicing it.  Could escape with a minimum profit, despite of taking 2 CT trades, thanks to this technique.  Had this been known to me earlier, I would have avoided a major portion of the drawdown. Thank you Rajeshji for teaching this.   
Another positive of the day is – I could enter pretty close to DP. Thanks to TBBji and Rajeshji.  

3 comments:

  1. Hi Karthikeyan,

    Good job:)

    I did some mistakes today...and sharing the screen with you
    http://tinypic.com/r/2mz9su8/8
    1st trade wrongly kept sl.....second one closed early because of fear factor....

    missed indicators here because i closed the browser after the trade hour..so every thing gone...

    pls share the link regarding TSL..it will be helpful for me..



    Thanks,
    Mahesh

    ReplyDelete
  2. Hi Mahesh,

    Good to see that you had picked up the best signal of the day.

    I have replied to your Mail address.

    Thanks.
    S.Karthikeyan

    ReplyDelete
  3. Hi Karthikeyan,

    If it is possible will chat through gmail after market hours..if you wish??? here we can comment but not able to discuss??

    what do u say??

    Thanks,
    Mahesh

    ReplyDelete