Showing posts with label Pressure Play. Show all posts
Showing posts with label Pressure Play. Show all posts

Wednesday, March 11, 2015

11/03/2015,WEDNESDAY




1)Skipped BPB IRH Long, as my bias was bearish.

2) Could not short the fall from IRH. Fall was too fast and furious.

3) Wanted to long @ IRL/RN  BOF. Placed an order @RN. Cancelled the order on seeing the price trying to go up without testing IRL.

4) Shorted BPB IRL. MSP supported.  Gave 2 points. Took this trade, despite of knowing that I am playing in the middle of the last impulse of yesterday. I was hopeful that MSP would be broken.

5)Skipped PP Long, as I didn’t want to take direct BO trades before learning curve is completed. This move went well and hit the target.

6) Skipped IRH BOF short, as trade will be directed into congestion.

Was a choppy 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.
 

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.