Showing posts with label absorption at BRN. Show all posts
Showing posts with label absorption at BRN. Show all posts

Thursday, May 7, 2015

7/5/2015,THURSDAY




1) Longed at BRN BOF. Price consolidated for a ling time, absorbing the selling. Expected the price to move up strongly. Not to be. Buys got absorbed and the up move failed. Got just 3 points.

2) Placed a Short below BRN. This was not filled. Orders not getting filled for the second time in 3 days.

3) Skipped CT BOF Long. But this moved well.

4) BRN BOF – Price fell too quickly without letting me enter. Was delaying the entry, as I thought that PDL may be tested once more.

5) Skipped the next BOF BRN, as HL has been made at LOD. 

6) Skipped BOF at LOF, as it was CT signal,coming @ EOD.

7) Shorted @ LOD on seeing TRAP. Got 13 points. 

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.
 

Friday, November 14, 2014

14/11/2014,FRIDAY


Opened just above the upper extreme of the last impulse. Was expecting a Range bound day, as yesterday was a big move day.

1) Looked like absorption at BRN. Shorted below BRN. Gave 7 points.  It turned out to be BW around BRN.

No other good signals. Was not a good week.

Wednesday, November 5, 2014

5/11/2014


Opened just below PDH with inside gap up.

1) Went Long on BPB of PDH. Expected price to at least BRN. Not to be. Stopped out. -8 points.

2) What followed was Absorption just below BRN. Took FTC short at the breach of consolidation low. Got 10 points.

3) Hesitatingly shorted BOF PDH, hoping that tomorrow being holiday, longs will be exiting. Stopped out. -6 points.Should have followed the good old rule of trading only at Range extremes, in case of NR days.

4) Did not short BOF BRN as it was already 2.55 PM.