1) Shorted TST Range high. At
XX75. Price remained passive for too
long. Gave 4 points. Should have scratched the
trade after LWP was triggered. Micro Intra Range followed.
2) Shorted again at the retail
location, as I wanted more confirmation after the failure of the previous
trade. Expected an explosive move, as I expected lot of sell orders at my entry
point. Was wrong. Got just 12 points. Turned out to be Absorption failure.
Should have Longed immediately, as it was clear the price will definitely break RH. Missed it.
3) Wanted to place a Limit order at
BRN as price started stalling. Price moved up just before I could place the
order.
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.
Hi Sk,
ReplyDelete2nd one is a nice trade. Try to enter a bit early. Entering after the pivot break will decrease the odds in our favor especially on days like these.
Thanks Jagadeesh. Yes, I should have entered early. Had nervous moments, managing a decent exit in the second push.
ReplyDelete