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Wednesday, April 15, 2015

15/4/2015, WEDNESDAY




Expected a Range Bound day, especially in the morning session.

1)Longed @ BOF IRL/lower extreme of the last impulse of previous day. Got 9 points.

2) Shorted after absorption at PDH. Exited just above the then LOD @ XX35. I thought that the then LOD would hold. Was wrong. Missed a major chunk of the move. Could get only 21 points.

Disclaimer: I am not a Research Analyst, registered with SEBI. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

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9 comments:

  1. SuMaApril 15, 2015 at 3:25 PM

    Thanks for the chart.. the last short trade was yummy.
    I was fortunate enough to catch the whole of it... :)

    ReplyDelete
    Replies
    1. nifty for breadApril 15, 2015 at 4:17 PM

      Congrats. I have to improve my trailing.

      Thanks for the comment.

      S.Karthikeyan

      Delete
  2. RajuApril 15, 2015 at 4:20 PM

    Good Evening Karthikeyan,

    Good trades, Best of luck

    Raju

    ReplyDelete
  3. UnknownApril 16, 2015 at 12:58 AM

    Karthis,

    Your second trade entry is good..

    Nobody can be perfect in Exit strategy.

    But we can sense the feel of the market when we are in ride.. today entire session is very tight range and break of the range and also market is waiting to take decision on daily charts(previous high). So today move is not just intraday traders move..it could be positional traders booked profit or fresh short.(I am not sure)..Though we follow purely DP but we should know the TREND and where we trading.

    it is my opinion

    Thanks,
    Aristatle.S

    ReplyDelete
  4. nifty for breadApril 16, 2015 at 9:01 AM

    Hi Aristatle,

    As always, your comments let me understand the total picture of the situation. You are absolutely right.

    There are some areas, I have to work on, for further improvement in my trades. Thanks for the comment.

    S.Karthikeyan

    ReplyDelete
  5. UnknownApril 17, 2015 at 1:49 AM

    Thanks Karthi. I am so impressed on your blog which made me to create one for me. I might need to some help on customizing my blog like yours. please let me know if you can help.

    I have created my blog and posted my first post. please comment on my second trade.

    http://aristatles.blogspot.com/

    Thanks,
    Aristatle.S

    ReplyDelete
    Replies
    1. nifty for breadApril 17, 2015 at 9:19 AM

      Hi Aristatle,

      Nice blog. I have commented in your blog. I will try my best, if you need any help.

      Thanks,
      S.Karthikeyan

      Delete
  6. UnknownApril 17, 2015 at 11:31 PM

    Thanks Karthi.

    ReplyDelete

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