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Wednesday, June 3, 2015

03/06/2015, WEDNESDAY




1)Wanted to short at Range Boundary(trend violation pivot).BRN resisted and didn’t allow the price to reach trend violation pivot.Wanted either BOF of BRN or testing of trend violation pivot. Both didn’t happen. Missed a good move.

2) Kept a buy order at S/R line as price stalled there. Fortunately the order was not filled due to insufficient  margin. Just a few minutes before I placed the order, margin money was increased by Zerodha due to excessive volatility.  Thank God, they increased the margin.

3) Price started Ranging. Was not sure about the Range High – trend violation pivot or S/R line. Inhibited the urge to short at S/R line at 8163 and decided to short only at trend violation pivot. Price was resisted by S/R line and fell. Should have trusted the strength of S/R line and shorted. Missed another  move.

Could not spot any other reliable signal. So 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 3, 2015 at 6:40 PM

    Congrats for the progress Karthikeyan. As per the analysis point of view, you have done everything correct. :)

    ReplyDelete
  2. nifty for breadJune 3, 2015 at 7:37 PM

    Thanks Jagadeesh. These words mean a lot to me.

    ReplyDelete
    Replies
    1. UnknownJune 3, 2015 at 7:39 PM

      Try to circle the setup areas for the trades taken and the missed opportunities. It will help in post market analysis whether you are looking at the correct locations or not in realtime.

      Delete
    2. nifty for breadJune 3, 2015 at 8:43 PM

      Sure. I will do it from the very next post onwards. Thanks.

      Delete

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