Resumed real trading after a brief pause. Will do real trading in case of strong signals and book trading when I am not sure.
1) Did not long @ BRN BPB as 8900 is a strong Resistance in Day TF. Would have longed if price formed another Range above IR.
2)After Vertical fall, longed(RT) above RH. Gave 5 points.
3) Shorted (RT) as the price came out of chop near LOD. Got 20 points.
4) Wanted to short, if RH (8858) resisted. But this level was broken.
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.
Good evening Karthikeyan
ReplyDeleteAgain a good analysing and good trade.
How did you missed or hesitated to enter BOF @ PDL for the last up move. what was your thought by that time.
Raju
Good evening Raju,
ReplyDeleteMissed the fall in the morning as well as the up move @ EOD. Both were high probability CT trades.
My bias was bearish after LOD was strongly breached. In hindsight, after the accumulated stops were triggered, there was no follow up selling. After the big red candle, there was no selling at all. Only pros like ST can see that in real time and take the high probability CT trade. I have to learn a lot more.
Thanks,
S.Karthikeyn