Day of too much volatility. Opened with Big gap down and moved up by 100 points in no time.
1) TST Long @ BRN was a good signal. Hesitated as the price had already moved up a lot. Missed a good trade.
2) There was a mini TRAP below after a narrow sloping channel up move. Again hesitated and missed this as well.
3) Went BRN BOF Long. Got 11 points.
4) Shorted BRN BPB below RN Spot. Got 41 points.
No more trades.
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
ReplyDeleteExcellent trades, congrats
Raju
Good evening Raju,
DeleteThank you very much.
S.Karthikeyan
Dear SK
ReplyDeleteWhy you have not taken the TST and above PDC & PDL after 2.30 p.m.?
Regards,
Veer
Dear Veer,
DeleteIt was very good fluidity. I didn't take it, because I had to keep 18 points SL for that trade, something I am not comfortable with. If I have to take that trade my entry point will be above the high of 2.42 Noon candle, which is 8584. My SL had to be kept at 2.45 Noon candle low, which is 8567.
Where did you enter for that trade? What was your initial Stop loss?
Thanks,
S.Karthikeyan