Gapped down
below PDC and ran up to fill the gap immediately. Attempted BOF of PDC, the only
clear signal. It didn’t move well. Broke even, but still have to pay the broker
from pocket. Exit was alright in this
trade, but entry has to be fine tuned. Should have entered just below the low
of BOF bearish engulfing candle. In that case, could have made some minimum
profit.
BOF of PDH
taught me a few things. Lured by the volume, entered at the break of previous
MSP. Delayed the entry, over worries about the failure of BOF. Kept around 12
points SL, as the probability of a good, strong down move was very strong. But alas, that was
not to be.
Mentor
Rajeshji was really kind and pinpointed what I should have done swiftly, once
the price is not going beyond FTA. TBBji’s
trades of the day are good examples of
where to enter and exit. TBBji
enters very close to DP and thus maintains a very good Risk:Reward. I have to
emulate Rajeshji and TBBji.
Earnings of
the last week are being lost this week.
Hope that I trade well tomorrow. By trading well, I mean, I should not
have take any trades, not taken by Nifty Nirvana seniors. If that does not happen , I will practice book trading for some more
days. Only after Book trade goes well, I will risk my money.
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