Nifty gaped down and broke PDL. I thought of shorting below the first bar but hesitates as I expected some consolidation after such a gap. But when Nifty broke the swing low I tried a short and had to scratch it. BPB of BRN/IRH gave a long . This gave around 20 points.Shorted the BOF of PDH. I was concerned about PDc but the Fluid 5950-30 gave confidence. Price moved to the swing low as expected.
Is it good to go stop & reverse if bpb trade fails for example today's first bpb short trade.
ReplyDeleteRajesh
ReplyDeleteAn exit level is not always a good entry trigger in the new direction.Either you will be exiting too late or entering too soon. It is better to exit a trade and re assess the situation with clear mind
ST
Dear ST Sir,
ReplyDeleteI entered the First ENTRY Short...
and Exited with a small loss... and then not dared to enter on long side....
Was frustrating for me... but one thing is good that I was able to find the exact trade... that is similar to yours...
Will try to improve this one
SAM
ReplyDeleteFrustrating ? !!!!
It took me three long years to define a structure that work reasonably well
Another one and a half years of hard work to make these things work is in front of you.
Still the method is evolving and I am still working on it.
I have gone to hell and come back.But never felt frustrated
ST
Dear ST Sir,
ReplyDeletePls don't take my words in another way...
I .. in no way wanted to hurt by my words...
It was my poor english...
And it was due to I didn't took next trade....
Pls don't mind...and
still if I have done anything wrong ... I am really sorry for it..
Thanks a lot for reply ..
Regards
SAM