On hind sight BPB of PDL was the only reliable signal.TP at BRN 5300.I am disappointed that a strong BOF did not happen at the TR high at point A .It would have been a fantastic 40 point trade.
at 2.50 did it not look break out failure . in hindsight we can know but it that time it looked to me. it was a perfect downtrending day and lot of times there is small rally b/w 2-30-3-10.
Yes, trading is very challenging Let me quote Ilango "Understand the spirit behind a strategy and don't get obsessed with "details" since markets are always evolving."
at 2.50 did it not look break out failure . in hindsight we can know but it that time it looked to me. it was a perfect downtrending day and lot of times there is small rally b/w 2-30-3-10.
ReplyDeletePiyush
ReplyDeleteYes, It was a BOF.
But it was not strong enough to initiate a CT trade and go against such a strong down trend.
ST
Dear ST...u dont trade expiry day????
ReplyDeletebizagra
ReplyDeleteYes, I do trade.
This week ,here in Kerala , we are celebrating " Onam". It is festival time, fun time, family time.
Trading and blogging can wait !!!
ST
okk sir...Happy Onam...enjoy..:)
ReplyDeletethanx st.
ReplyDelete'But it was not strong enough to initiate a CT trade'
this is very challenging part to learn.. anyway.. happy onam to u..
Piyush.
ReplyDeleteYes, trading is very challenging
Let me quote Ilango
"Understand the spirit behind a strategy and don't get obsessed with "details" since markets are always evolving."
ST