Showing posts with label two tails. Show all posts
Showing posts with label two tails. Show all posts

Friday, July 25, 2014

25/07/2014




1) No significant gap. Narrow IR was formed. Initial movement was down. Didn’t take BPB  of IRL  as 2 tails were there. 

2) Went Long on BOF of  PDL. Lost focus and entered above inside bar high, which is allowed only in case of BPB. Stopped out. Lost 8 points.

3) Went Long at the same location above clear swing high.  Expected the price to test BRN.  Didn’t. Got 11 points. Should have made a better exit and got 6 more points.

4)It looked like PP set up at PDL and kept a direct BO order. But price didn’t make an attempt to breach PDL and hence this order did not trigger.

Thursday, July 24, 2014

24/07/2014




1) Small Gap down. Initial movement was also down. Sorted below IRL and lost  7 points. IRL marking was wrong. Without checking LH/HL,  marked IRL on seeing the opposite colour candle.
Could have easily avoided this trade, if I had deciphered two tails. Further price did not close beyond the wrongly marked  IRL too.
2) BRN BOF: Shorted below IRL. Had to scratch with 2 points. Could have exited with some more profit , if exit was made on seeing 2 tails.