Search This Blog

Friday, April 17, 2015

17/04/2015,FRIDAY




1) Missed the down move below BRN, as I could not find the pullback close to BRN for entry. 

2) Didn’t short @ PDL, as I didn’t expect much fall in the morning session.

3) Shorted @ BRN without any second thoughts, seduced by the beautiful  pinbar. After testing my patience, price  touched PDL and bounced. Got 7 points.

4) Shorted BPB PDL after TRAP  appeared. LOD supported and made the price bounce. Could get just 1 point.

5) Shorted TST PSL. Got 6 points. Expected the then LOD to hold. After retracing strongly price moved down well.

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.

Posted by at
Labels:

5 comments:

  1. SuMaApril 17, 2015 at 6:36 PM

    Thanks for the chart.
    You were smart enough to scratch all trades without any loss at all... 😀

    ReplyDelete
  2. nifty for breadApril 17, 2015 at 7:44 PM

    Hi,

    What do those question marks mean?

    Please go through my trades for the last few days and you can see how many big moves, I have missed due to this ultra cautious approach. In fact, it is really foolishness. Definitely, it is not smartness to be doubted.

    I may have minimised the losses. But I miss many big moves, due to such an approach. Even today, the last trade, TST PDL was a good entry. I exited just above the then LOD. But there was a 40 points fall subsequently and I missed it. Had I trailed at the swing high, I could have caught the major portion of the move.

    I must learn when, when to scratch and when to wait patiently.

    Thanks for the comment.

    S.Karthikeyan

    ReplyDelete
    Replies
    1. SuMaApril 17, 2015 at 8:38 PM

      Sir, I guess there is some serious misunderstanding here.
      I never doubted your trades shown.
      I had replied above on my phone and there was a smiley, that I posted.
      That smiley turned out to be question mark !!
      And you thought it otherwise.
      In fact, I appreciate your effort wholeheartedly that everyday you put your trades online and many like me get benefited looking at them.

      Thanks for your posts and keep posting. They are highly valuable.
      And, plz visit my blog :)
      Hope, this time the smiley above doesn't turn out to be question mark.. :) :)

      Delete
    2. nifty for breadApril 17, 2015 at 9:38 PM

      Hi,

      No need to say Sir. Thanks for the clarification.

      I will visit your blog regularly and comment.

      Thanks,
      S.Karthikeyan

      Delete

Subscribe to: Post Comments (Atom)