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Tuesday, April 7, 2015

07/04/2015,TUESDAY




Remained on the sidelines in the morning due to RBI announcement.

1) Missed the upmove. Down move happened too fast before I could decide.

2) Shorted at the previous swing high. Gave 1 point.

3) Spike and Ledge: Went Long at 3rd attempt at RL. Got 24 points.  Thank you  ST Sir for teaching us this pattern recently.

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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6 comments:

  1. xrtrader1April 7, 2015 at 5:42 PM

    Hi Karthik,
    regarding 2nd trade, I would have bee very careful to short after 90 points fall.

    ReplyDelete
    Replies
    1. nifty for breadApril 7, 2015 at 6:09 PM

      Hi xrtrader,

      You are right. In hindsight, I could figure out that it was not a high probable short. Lesson learnt. Thanks for the comment.

      S.Karthikeyan

      Delete
  2. RajuApril 7, 2015 at 5:43 PM

    Dear Karthikeyan

    Good analysis on Spike & Ledge pattern, congrats

    Raju

    ReplyDelete
  3. UnknownApril 9, 2015 at 12:10 AM

    Hi Karthikeyan...Happy DP trading

    ReplyDelete
    Replies
    1. nifty for breadApril 9, 2015 at 6:22 AM

      Hi Aristatle,

      Thanks. Wish you the same.

      S.Karthikeyan

      Delete

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