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Thursday, July 9, 2015

09/07/2015, THURSDAY



Expected Range bound day as TVP got cris crossed at DO.

1) Took  PP short despite of expecting Range bound day. Expected price to  at least test PDL giving little profit.  Got just 3 points.  Exited in a hurry as downmove was strongly rejected by LOD. Should not have violated the rules, more so when LOD, RN and PDL are located very closely.

2)Longed @ BOF. Got 1 1 points.

Stopped trading at 2.45 PM, as price action was very choppy.

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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5 comments:

  1. jagadeeshJuly 9, 2015 at 4:13 PM

    Hi SK,
    Nice trades... The TVP you have marked above 8410 is not a pivot high actually. It satisfied the rules of swing high but there was no swing low between the swing high around 8430 and the one you have marked..

    ReplyDelete
  2. nifty for breadJuly 9, 2015 at 4:20 PM

    Thanks Jagadeesh. So 8430 is the TVP?

    ReplyDelete
  3. AnonymousJuly 10, 2015 at 4:39 PM

    What imeaning of TVP?

    ReplyDelete
  4. nifty for breadJuly 10, 2015 at 7:05 PM

    Trend violation pivot

    ReplyDelete

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