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Friday, February 27, 2015

27/02/2015,FRIDAY




Meddled with “Datafeed to Amibroker” and messed up.  Missed the first few hours of action.

1) Skipped WT BOF IRL Long, as LH were made after previous tests of Range extreme. Looked very much like descending triangle. Was surprised by the upmove. Could not recognise the bigger picture and give it due importance on time - Big Gap up,

2) Due to the absence of imbalance  at BRN, didn’t take any trade there.

3) Wanted to go for a direct BO above PDH after price consolidation (preceded by good momentum)   below the DP indicated good order accumulation. Hesitated as I  was not sure about PDH on the first day of new series.  

4)Went TST Long @ RL. Exited with 10 points, as 8889 was a strong higher TF Resistance.


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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7 comments:

  1. augubhaiFebruary 27, 2015 at 3:52 PM

    Hi Karthikeyan,

    Could you please mark the points 1,2,3,4 on the charts, so we can easily correlate your comments to the charts? Else, it takes some time to identify the area of the chart that you are referring to.

    Or instead, you could mention the time in your comments. That would also help save time.

    Thanks,
    Augubhai

    ReplyDelete
    Replies
    1. nifty for breadFebruary 27, 2015 at 4:58 PM

      Hi, Augu Bhai,

      I have added a new chart, marking 1,2,3 and 4. Trust, it is clear now.

      Thanks,
      S.Karthikeyan

      Delete
    2. augubhaiFebruary 27, 2015 at 6:30 PM

      Hi Karthikeyan,

      Appreciate your marking the charts. It really helps in understanding the charts better.

      Thanks,
      Augubhai

      Delete
  2. RajuFebruary 27, 2015 at 5:29 PM

    Good evening Karthikeyan,

    Thanks for detailed chart. You have good observations on price moves.
    Keep going

    Raju

    ReplyDelete
    Replies
    1. nifty for breadFebruary 27, 2015 at 5:56 PM

      Good evening Raju,

      Still I have to improve on a few areas, to win big consistently.

      Thanks,
      S.Karthikeyan

      Delete
  3. AnonymousFebruary 27, 2015 at 5:45 PM

    Hi karthi ji,
    I really liked your dedication on your learning curve on trading journey. I think you might missed the pre analysis on previous day price action. IRl is a strong flip zone. many traders react there. also irh is not strong fta so i went bof of irl and captured full move.

    ReplyDelete
    Replies
    1. nifty for breadFebruary 27, 2015 at 6:04 PM

      Hi,

      You are right. I should have taken the IRL BOF. On the first day of a new series, I have some problems in judging the levels due to premium factor.

      Would like to know your good name.

      Thanks for the comment.

      S.Karthikeyan

      Delete

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