Showing posts with label Range Marking. Show all posts
Showing posts with label Range Marking. Show all posts

Friday, November 7, 2014

7/11/14




Opened without gap.

1) Price fell down. Did not take BOF PDL long, as the penetration was less.

2) Shorted BPB PDL. Made a premature exit. Got only 8 points. Should have got at least 13 points more with better trailing.

3) Shorted BOF PDL. Stopped out. -8 points. In the hindsight, after checking Daveji's trades, could understand that the problem was in Range marking. I assumed that since PDL was too close, it could be taken up as the Range high. Had I marked the Range high below PDL,(as per the below chart) I would have waited for the price to come inside the Range before taking the trade. Thanks Daveji.