Friday, January 2, 2015

02/01/2015,FRIDAY


@ DO, it looked like BPB PDH. Was waiting for PB to go Long. But price touched BRN traveling  45 points in no time.

1) Skipped BPB BRN Long, as I expected consolidation before further movement. Was wrong. Another slow and steady 50 points up move unfolded.

2) RN acted as RH. Skipped BPB above RN, as BRN Spot was too .Soon, 90+ up move was over. Could not find the right place for entry .

3) Skipped the short, as price started falling, probably due to exit of longs in profit. Already burnt my fingers, on a few occasions taking CT trades on a strong Trend day.

So no trades for the day. Must check how others have traded today.

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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