After reviewing the past trades, it is clear that I am
not able to judge BO and BOF clearly. So, decided to use Boellinger Bands to
get more clarity.
IR was broken and the price was closing outside UBB.
That was the first signal. Then the BO candles of PDH/BRN also closed outside
UBB, further confirming the uptrend. Did not trade today, as I wanted to
improve my TA.
Placed a SL order below MSP, hoping that when critical
mass exits, price will fall. But VWAP was far away and the bulls were not
prepared to concede even an inch. So that order was not triggered.
What I had learnt after spending so much money, time
and energy is that when you do not do, what has to be done, due to fear, you
will end up doing what should not be done – so you are sacrificing gains to
incur losses.
