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Tuesday, June 2, 2015

02/06/2015, TUESDAY



1)Skipped PDL BPB Short, as I wanted to wait till RBI announcement. But it moved too well.

2)Kept a Limit sell order at XX56. It was not filled.

No trades for the day.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. 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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4 comments:

  1. UnknownJune 2, 2015 at 3:55 PM

    Karthikeyan,
    At the location marked as 2, kudos for identifying the zone. It's picture perfect. The move into the zone was over extended. Better to place entry at the bottom of the zone when pull back is over extended..

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    Replies
    1. nifty for breadJune 2, 2015 at 4:06 PM

      Thanks Jagadeesh. In case of over extended move/CPB, we can take BO entry/entry at the high/low of first significant candle in the trade direction, if Limit order is not filled. Am I right?

      S.Karthikeyan

      Delete
    2. UnknownJune 2, 2015 at 4:13 PM

      Perfect... But it must provide a favorable risk : reward with the first target. In this case, it's is a good idea to bracket the entry with limit and breakout orders as the reward is quite decent even with the stop entry.

      Delete
    3. nifty for breadJune 2, 2015 at 4:26 PM

      Thanks Jagadeesh for the guidance.

      Delete

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