Showing posts with label 2 legged PB. Show all posts
Showing posts with label 2 legged PB. Show all posts

Tuesday, March 11, 2014

11/03/14, TUESDAY


Didn’t make profit, but can be satisfied with my trading, reason being, I took only those trades, taken by Pros, not to mention,  today is a very tough day with price moving everywhere at will.

Price rose to just below PDH and fell below PDC. BOF noticed at RN. Expected PDC to act as Flipzone and restrict further upmove. Not to be. Making a LH near DH, price fell fast, giving no chance to enter. Now it looked like a big channel.
Expected the price to consolidate after such volatile moves. Didn’t take BOF at RN as price was still in a channel and the space was too less.
1)      Took BOF of RL. Made just good enough for Broker. RN was standing in the way like an iron curtain. It was PP and expected this to move well. Not to be.                                                                                                                                                               
2)      Took BOF of BRN Spot. This trade moved a little bit, after I had scratched.

Focus hard and maintain discipline on a consistent basis. YOU ARE/WILL BE A PRO TRADER.

 


Monday, March 10, 2014

10/03/14, Monday


Another frustrating day.

BOF at PDH. Waited to PDC to get broken.  Shorted at the break of PDC and got stopped out. BO candle was big followed by 2 more candles in the same direction. There was a strong chance for 2 legged choppy PB. Still shorted and paid the price. 

Made another mistake, when mistook the sexy pinbar at PDH as BOF. Actually PP was going on and the price was stalling at PDH for a while. Could realize my mistake, immediately after getting stopped out. If only, I get it before entering……!!!!

Tomorrow is another day.