1) Could not capture the Vertical Fall.
2) Price was making HL repeatedly. Wanted to long @ PB on the 3rd attempt @ RH. There were clear signs that PB may not happen. But didn't want to go for direct BO before learning curve is completed. Missed the upmove.
3) Price tried to break BRN on the second attempt and failed. Price did not reach RL also and started moving above BRN. Thought that it was Pattern failure. At the same time MSP and HOD were too close. It also looked like BW in making. Further it is Friday as well. So not sure, whether the perceived Pattern failure will be strong enough to break HOD and MSP.
So took a Book trade without committing real money - Long above BRN trusting perceived Pattern failure. Got just 1 point. It indeed was BW around BRN. Lesson learnt.
4) Took anotherBook trade Long @ BOF RL(8875) . This BOF was similar to yesterday's LOD BOF, resembling Sniper Shot. Accumulated stops resulted in one 20+ candle followed by no selling. Exited at just a point before FTA, BRN. Got 14 points.
No real trades 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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