Nifty opened above PDC , but within yesterdays range,Traded within the IR till 12.45 testing our patience.Finally broke the IR low and gave a BPB signal which moved well.BOF of PDL gave a long signal.
Trading cannot be contained in a few simple rules. We need to assess each and every set up on their merit.Every moment in market is unique. For example if you traded a BOF at point A, you will get stopped out.Price remained below the IR low for nearly half an hour." A "was a weak attempt by bulls which failed immediately.First you need to focus on the rules and slowly "defocus".
I will write a separate post later on why you need to "Defocus" to achieve Automaticity
Dear ST,
ReplyDeleteTook only BOF trade. Did not take BPB as PDC was near.
Thx n rgds~Ajith
Ajith
ReplyDeleteGood.When in doubt stay out.
Markets are for ever.Preserve your capital and learn.
ST