Opened without Gap and suddenly spiked up. Could not capture this move.
1) Took a low probability FTC Short, trusting the exit of Longs. Scratched at Break even.
2)There was a TRAP signal, followed by PP set up below BRN. Was not comfortable trading in to an all time high BRN in the closing session of Friday. Hence skipped Long above BRN.
3) Price came inside BRN after 3.00 PM. Had skipped this as well, as it came too late.
HINDSIGHT ANALYSIS
Mistake of the day.
1) Should have marked the extreme of corrective wave as Range extreme. When Range is marked correctly thus, there is no TRAP. Instead TST/FTC signal can be seen which permits early entry.
Hi KSG
ReplyDeleteThanks for the comments on URD's blog.
If I may say, I feel you are taking trades a bit too late and into visible areas of support or resistance.
Go through your previous trades, I hope I make my point clear.
TBP
Dear Varunji,
DeleteI know that I something is amiss in my trading. I will review my trades and try to understand the mistakes, pointed out by you.
I would like to say that I am not the KSG, who commented in Daveji's recent post. As this led you to have a look at my trades and let me know my mistakes, I am really happy about it.
Thanks a lot for sparing your time to help me out,
S.Karthikeyan
SKji
ReplyDeleteI am extremely sorry about it but the words remain the same.
TBP
SKji
ReplyDeleteExtremely sorry for the mistake but my words remin the same
TBP
Varunji,
DeleteNo need to feel sorry. In fact you have helped me. Looking for such inputs in future.
Thanks,
S.Karthikeyan