04/04/2014, Friday

1) Gapped down and tested PDL. Failing to break PDL on the second attempt, price moved up. Should have taken the Long, when price breached MSP..

2) Went Short on BOF of IRH/TST PDC. Messed up order in placement and lost 5 points. Again shorted, but this move didn't go off well and scratched with 3 points loss.

3) Didn't take BOF PDL Long, as was expecting the price to crash. Price moved nowhere.

Throughout the day, I was looking to only short expecting the exit of critical mass. Such a plan may be ok towards the end of the day, but not for the whole day. Hence missed a Power Play and 20 points. Don't harbour too much of fixed ideas and notions.

29/01/2014

First candle indicated a PDH BOF. Could have entered at the bearish engulfing candle on PB.  Didn’t.  BOF at RH was the next signal. No space with IRL.  Hence skipped this trade.

Tried Long at BOF – RN.  Managed to scratch without loss, as TSL had been kept at flip zone.    Entered another Long at BOF-PDC.  Again TSL at  flipzone helped in escaping with a minimum profit.  

Then came the best opportunity of the day. BOF – RN or BOF/FTC –MSP.  Started doing some other job in the hope that there will not be any big move for the day.  Missed a good opportunity to take a WT trade. Say good bye to fixed ideas and notions, if you want to capture all the good moves.

Read  about keeping TSL at flipzone a few times. Only today started practicing it.  Could escape with a minimum profit, despite of taking 2 CT trades, thanks to this technique.  Had this been known to me earlier, I would have avoided a major portion of the drawdown. Thank you Rajeshji for teaching this.   

Another positive of the day is – I could enter pretty close to DP. Thanks to TBBji and Rajeshji.