Showing posts with label Higher TF support. Show all posts
Showing posts with label Higher TF support. Show all posts

Thursday, February 26, 2015

26/2/2015,THURSDAY







1) Did not short PDL BPB as 8740 was a strong support in higher TF.

2) Longed @ BRN on PB (touch trade) after the strong BO. Got 13 points. Was a premature exit  again. Was not sure where RH (FTA) was located –   8726 or 8740. If the big green and Red candle are considered as overshoot, 8726 qualified as RH. Price moved up more, after filling my exit order.

3) No other trades, as big boys have announced their arrival with too much of volatility, on the expiry day

Disclaimer: I am not a Research Analyst, registered with SEBI. 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.

Wednesday, December 10, 2014

10/12/2014,WEDNESDAY


1) First signal was BPB PDL Short. Skipped it, as that level was the flip zone of higher TF.

2) Did not long @ BOF PDL, as it was CT. Further too many levels were above.

3) Shorted BOF BRN. Gave 7 points

4) Skipped FTC short above BRN, as I expected RH just above BRN to act as FZ. Space was less below the FZ.

5) Longed @ BPB BRN. Exited on seeing the pinbar @ HOD. Got 6 points.

6) Shorted FTC above BRN trusting the exit of Longs. Exited at the first sign of resistance. Got 15 points.






4)

Tuesday, December 9, 2014

9/12/2014,TUESDAY

Opened with Gap down.

1) Did not short IRL BPB, as it was a higher TF support.

2) With hesitation(due to LH after every testing at IRL)   longed @ IRL after 2 attempts to breach it failed. Gave 4.5 points.

3) Pattern failiure was a strong signal, tempting me to short below RN. Suspected a BW around RN as I expected the higher TF support to hold. Was wrong. Missed a good move.Lesson learnt.

4) Did not take BPB BRN, as it was already 2.30 PM.