Expected Range day, as price toyed
around TVP at DO.
1) Expected price to make a second
attempt at RH, as the momentum at the time of hitting the RH was more. So
skipped the short.
2) Second attempt was also made with
equally good momentum. LTF confirmed that the rejection at RH was stronger than
that of first attempt. Price fell before
I could place the short order. Should
have trusted the stronger rejection in the second attempt in LTF and jumped in quickly.
3) Longed at BOF LOD @ LTF swing
high. Expected price to test HOD. Up move was halted on the way. Got 9 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.
Perfect analysis SK.. You are progressing. Things will get better when you start practicing to enter in the wholesale regions.. :)
ReplyDeleteThanks a lot Jagadeesh. As you said, entry in the wholesale region is something, I have to work on.
ReplyDelete