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Thursday, June 11, 2015

11/06/2015, THURSDAY




Could not capture any big moves.

1) Shorted TRAP. Target not met. Got just 7 points. 

2) Shorted BRN BPB. 2.21 candle indicated bulls getting trapped. Kept the short order at SWING LOW, XX97.70 and wanted to pre pone the entry after waiting for another candle to see whether bulls fight back.  Didn’t get a better entry. Got 11 points.

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. JagadeeshJune 11, 2015 at 3:07 PM

    Hi SK,
    You could have taken entry at the low of the upthrust pattern in the second trade.

    ReplyDelete
    Replies
    1. nifty for breadJune 11, 2015 at 3:53 PM

      Hi Jagadeesh,

      I waited for one more candle and lost a significant portion of the move. Thanks.

      Delete
    2. JagadeeshJune 11, 2015 at 4:01 PM

      Confirmations is risk... :D
      http://yourtradingcoach.com/trading-process-and-strategy/confirmation-is-risk/

      Delete
    3. nifty for breadJune 11, 2015 at 4:33 PM

      Absolutely. That is the next step to be mastered. Thanks

      Delete

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