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Monday, May 18, 2015

18/05/2015, MONDAY




1) Wanted to long at BRN on PB. But price ran up without pausing.Should learn where to enter in such cases. 

2) Bias turned bearish after violation pivot at BRN was strongly broken. But tweezer bottom at swing low indicated bulls will not relent easily. Could not take any trades, as Market started Ranging.

3) Longed @ PP set up. HOD was close. But expected that HOD will be broken. Not to be. Got just 2 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. 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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4 comments:

  1. UnknownMay 18, 2015 at 4:03 PM

    Hi Karthikeyan,
    Just to sit aside in these kind of markets is the best thing to do. You did that great. Neither strength nor weakness is displayed in the market movement today.

    ReplyDelete
  2. nifty for breadMay 18, 2015 at 4:16 PM

    Hi Jagadeesh,

    What you are saying is right in a way, more so for a struggling trader like me. But BRN BPB Long, your first trade is too good to miss in today's context, I think.

    Thanks,
    S.Karthikeyan

    ReplyDelete
  3. UnknownMay 18, 2015 at 4:22 PM

    True. That was the only good trade today. There are three more trades which aren't that obvious, but could be caught with a little bit of focus. I failed to do that today. All the three are winners.

    ReplyDelete
  4. nifty for breadMay 18, 2015 at 4:49 PM

    Yes. Let us hope that we get better opportunities tomorrow.

    ReplyDelete

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