Opened without gap.
1) Price fell down. Did not take BOF PDL long, as the penetration was less.
2) Shorted BPB PDL. Made a premature exit. Got only 8 points. Should have got at least 13 points more with better trailing.
3) Shorted BOF PDL. Stopped out. -8 points. In the hindsight, after checking Daveji's trades, could understand that the problem was in Range marking. I assumed that since PDL was too close, it could be taken up as the Range high. Had I marked the Range high below PDL,(as per the below chart) I would have waited for the price to come inside the Range before taking the trade. Thanks Daveji.
Dear KS,
ReplyDeleteI jumped into trade slightly earlier and scratch it with -4 point, then this real fall come and i missed it as price jumped my order. You took it well .
Didn't took any other trade as i was suspecting BW at PDL.
In my opinion for your trade 2 , there was no space as strong flip was there.
Regards
MT
Dear MT,
ReplyDeleteYou are right. Had I marked the consolidation high as Range extreme, which turned out to be FZ, I would not have taken that trade. Did not focus well and assumed that PDL was the Range extreme. Thanks for your comment.
Have a great week end.
S.Karthikeyan