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Monday, April 3, 2017

3-4-2017, MONDAY



1) Was clear that Type 1 day is in making. Longed at the swing high above HTF Resistance. Was

stopped out. Gave 7 points. Should have entered bit earlier.

2) Again longed at the same location, thanks to TRAP. Got 20 points.


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2 comments:

  1. ArvindApril 3, 2017 at 3:55 PM

    Nice trade KS, I also took almost same trades,
    Why did you avoided BOF of PDH in the morning? I avoided it because of space above.
    I wish to know you reason.
    In hindsight I think I should have taken BOF of PDH, without worrying much of then HOD.
    My trades.
    https://kite.zerodha.com/share/0OGUT7WYPZ.png

    Thanks

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    Replies
    1. nifty for breadApril 3, 2017 at 4:15 PM

      Thanks Arvind.

      Reason for avoiding BOF PDH was Space.(same as yours). Thought that a Range High may be made below the high of the first candle, as price didn't move up with good momentum after breaking the narrow range of the last 2 days.

      Shasank has gone for a direct BO at IRH and trailed till the end nicely. These are the areas, we have to improve, I think. Let's improve together.

      Thanks.

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