1) Didn’t short BRN BPB, as I
expected Range bound movement in the first few hours.
2) Looked like PP set up at PDC/BRN
Spot confluence. Longed and stopped out. Gave 6 points. Expected the price to test the HOD. But the high of last impulse
of yesterday resisted.
It was a low probability trade, being
a CT PP set up trade without critical mass.
3) Skipped BRN BPB Short, as two
strong levels, PDL and LOD were closely located and chances of them getting
broken during lunch time are less.
4) Delayed taking PDL BPB Short, as I
wanted the price to consolidate to ensure sufficient order accumulation. Price
didn’t wait for me. So missed a very good signal.
Market became too volatile and hence
stayed away.
Good identification of patterns in trade 2 3 4.
ReplyDeleteBut I had opposite view on trade 2. I was thinking to go short at 8425 BOF of DO PDL NS BRN at 11:23 am.
but for your 4th trade you no need to wait because lot of space..
Thanks a lot for your perspective. It helps a lot in my improvement.
ReplyDeleteS.Karthikeyan