Showing posts with label Hindsight analysis. Show all posts
Showing posts with label Hindsight analysis. Show all posts
Wednesday, November 26, 2014
Friday, November 21, 2014
21/11/2014, FRIDAY
Opened without Gap and suddenly spiked up. Could not capture this move.
1) Took a low probability FTC Short, trusting the exit of Longs. Scratched at Break even.
2)There was a TRAP signal, followed by PP set up below BRN. Was not comfortable trading in to an all time high BRN in the closing session of Friday. Hence skipped Long above BRN.
3) Price came inside BRN after 3.00 PM. Had skipped this as well, as it came too late.
HINDSIGHT ANALYSIS
Mistake of the day.
1) Should have marked the extreme of corrective wave as Range extreme. When Range is marked correctly thus, there is no TRAP. Instead TST/FTC signal can be seen which permits early entry.
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