Opened at the RH of the last impulse.
1) Could not capture the sudden vertical fall.
2) As PDL was above the consolidation, decided to take Long, only if TRAP appears. In the recent past, whenever PDL was above the consolidation after vertical fall, price action had been choppy. Did not get TRAP and hence avoided Longs.
3) Took FTC Long at LOD towards the end of day half heartedly. Gave 9 points.
Hi KS,
ReplyDeleteLooking to your chart , today you have shown patience compare to yesterday ( patience mean you didn't took trade as you didn't found favorable price action at DP ). You traded less no of trades compared to Y'day.
Regards
MT
Dear MT,
DeleteYou are right. I win only 30% of my trades. I have to increase it to 40%. So I am trying to avoid low probability trades. I should not have taken that trade towards EOD.
Thanks for your comment.
S.Karthikeyan