Opened with a CT
outside gap. Shorted on BPB of IRL. Scratched immediately, as the entry
candle turned out to be a pinbar signaling price rejection.
Nifty was in a 20 point range for a major part of the day.
Double BOF of PDL/DO trapped many traders and shorted there. Expected the other
extreme of the range to get broken easily. But the price was firmly rejected
there, forcing to exit. But subsequently price broke the range and fell by 15
more points. Flipzone was not breached
and one could have delayed the exit and got atleast 10 more points. There is no perfect exit strategy, it seems.
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