3-4-2017, MONDAY

1) Was clear that Type 1 day is in making. Longed at the swing high above HTF Resistance. Was

stopped out. Gave 7 points. Should have entered bit earlier.

2) Again longed at the same location, thanks to TRAP. Got 20 points.

01/07/2015, WEDNESDAY

Was a type 1 trend day. Big boys were on a shopping spree. Market was not in the control of day traders. Set ups that work well on other days are of no use on these kind of days.

1) Longed at CPB. Got 12 points.

2) Longed at TRAP.Got 4 points.

 

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.

22/6/2015, MONDAY

1) Wanted to Long,  if price retested XX62. Price went up without without pulling back for another test.

Was a Type 1 day. Could not spot any reliable entries.

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.

02/01/2015,FRIDAY

@ DO, it looked like BPB PDH. Was waiting for PB to go Long. But price touched BRN traveling  45 points in no time.

1) Skipped BPB BRN Long, as I expected consolidation before further movement. Was wrong. Another slow and steady 50 points up move unfolded.

2) RN acted as RH. Skipped BPB above RN, as BRN Spot was too .Soon, 90+ up move was over. Could not find the right place for entry .

3) Skipped the short, as price started falling, probably due to exit of longs in profit. Already burnt my fingers, on a few occasions taking CT trades on a strong Trend day.

So no trades for the day. Must check how others have traded today.

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.

12/11/2014

Opened just above PDH.

1) Thought of going direct BO above IRH. Old bitter memories restrained me. Went Long on PDH BPB, though BRN Spot was too close. It looked like Type 1 trend day and was trailing at a safe distance. On seeing a big red candle, waited for one more candle. As price did not seem to move up, moved the TSL to the candle low to save 3 points. Price moved up after I had exited. Out  of my desire to save 3 points, missed 10 points. Net result - gave away 2.5 points.

2) There was a FTC Short opportunity. Skipped it as BRN Spot was too close. Further I was expecting up trend to resume after some choppy price action.

3) Lack of focus resulted in taking a stupid CT Long trade. Stopped  out. Gave 10 points.

4) Towards the end of the day, took another Long, as it looked like CPB. But it flattered to deceive. Scratched. 6 points.

Learnt a few lessons, the hard way