15/1/2015, THURSDAY

Opened with a very big CT Gap up.

1) Was getting sold out from DO, slowly and steadily. Marking the IRL was getting delayed. Finally consolidation bar was seen at BRN Spot, followed by BOF. Hesitated and missed this.

2) Price was resisted at  @ BRN for a long time. Took a stupid CT short trade in haste assuming that 3 attempts to BO had failed. Stopped out. Gave 11 points.
Must have waited for 3 candles after the formation of swing low to confirm that the swing low has been fully completed, for taking such CT trades. In this case, I had waited for just 1 candle after the formation of probable swing low. Price moved up nicely after filling my short.

3)Did not long @ BRN BPB, initially as I thought that the up move is getting exhausted.

4) Longed @ BPB BRN at XX29 after 3 attempts to go below BRN failed. Got 26 points. Exited as soon as I saw the pinbar above RN.


WISHING EVERYONE A VERY HAPPY PONGAL AND MAHASANKARANTHI

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.