1) Could not short as SR line was in
the middle of a Narrow Range(BW around BRN). On subsequent attempts also, short
could not be taken at this location for the same reason.
2) After Range High was broken,
wanted to Long at PB. But no deep liable Pullback was available. Looked like big boys shopping.
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.
Perfect analysis SK. There is a PP trade at the point market as 2 as the breakout occurred after a tight range.
ReplyDeleteThanks Jagadeesh. I have to go to the next level of actionable analysis soon.
DeleteThere was a PP set up. I wanted to enter only at a PB or skip the signal. Like most of the traders, I too have had my share of BO disasters. So, till I start winning consistently. I have to inhibit the urge to trade BO.
When our analysis is perfect, setups and entries will jump out of the chart.. Kudosss.. You are on the right track. And thumbs up for that self discipline. I appreciate it. Taking BO orders directly is disastrous most of the time..
DeleteThanks Jagadeesh for these encouraging words.
Delete