1) 2 possibilities were there. A
second push down as the momentum was too
good or a quick upmove due to BOF BRN, (if it was a climatic fall). Stayed out,
as I was in doubt.
2)Could not read the price action. After
BO, bulls and bears were equally strong. 2.42PM and 2.45 PM candles indicated weakness of bulls. Thought that price would reverse soon as the projection on the second attempt was less(2.39 PM candle) and hence didn't short. Could not get any PB also subsequently.
No trades.
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.
No comments:
Post a Comment