25/05/2015,MONDAY

1)Kept a sell order at XX37. Not filled.

2) Didn’t long at Range Low as the bias was bearish.

3) Was expecting complex pull back, as the projection was less. Being CPB, wanted the pull back to last bit longer before  placing a sell order. But the price action was not as per my expectations. Accumulated stops at the then LOD, resulted in a 20 points fall. Missed this move.

4) Kept a sell order at XX95. This was also not filled.

So no trades for the day.

 
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.

12/06/2014, THURSDAY Choppiness at its best

1) Opened with BOF of PDL/PDC.  Possible entry point for this Long is above IRH. Didn't go for direct BO as there was no consolidation. Can't think of BPB too as RN was too close; further the rejection was too strong to consider a BPB trade.

2) Upper tails in the narrow range looked like Absorption. Shorted just below RN. Exited 4.5 points loss.

3) Minor TRAP at the Narrow Range resulted in the BO of RH. Didn't take this trade, in the absence of order accumulation, as  I suspected that huge selling orders are waiting . Got it right.

4) BOF of DH was a good signal. Hesitated to short in the absence of swing low. Missed the best signal of the day.

5) Subsequent to BOF of DH, order accumulation was seen at the RL. Didn't take this BO as IRH is too close. Further I suspected Complex Pull back. Was eagerly waiting for BOF Long here. But time was already 2.50 PM. Can't take this Long due to want of Margin.