Nifty Gaped up above PDH. An outside trend gap.I expected a pull back to PDH which did not happen Missed the up move.Skipped FTC above HOD as FTA IRH was too close. BPB of IR High was the only trade I have taken. This trade moved well.
http://tinypic.com/view.php?pic=hreclz&s=6 Hi Sir, I have started paper trading using your method to practice before I start live trading. First I mark the trades on my chart, then I look at your chart for guidance. Please look at today's trades. 1. Entries are marked with blue lines. 2. Please tell if the trades marked are correct or not. 3. I viewed the broad range during mid-day marked by you as two set of ranges. 4. Please tell if the last trade could be taken or not. Thank you!
hi sir I am always hesitating in pulling the trigger ..which causes me to chase the market and hence have more looser trades !!!At the dp's i am taking lot of time to understand in which direction to enter...sir can you please explain the small details which you look at every dp bfr taking the trade?
You are not alone. Everybody will have the same problem. We will end up missing all good trades and taking all the losers. Do not trade for a month. Watch the market in real time and write down your thoughts as an when the price action unfolds. This will help you to streamline your thought process and gain confidence
Dear Sir,
ReplyDeleteI traded considering today as a Absorption.. Gap up then traded for 2-3 hours in a small range and break down...
Thanks
Gnana
http://tinypic.com/view.php?pic=hreclz&s=6
ReplyDeleteHi Sir,
I have started paper trading using your method to practice before I start live trading. First I mark the trades on my chart, then I look at your chart for guidance. Please look at today's trades.
1. Entries are marked with blue lines.
2. Please tell if the trades marked are correct or not.
3. I viewed the broad range during mid-day marked by you as two set of ranges.
4. Please tell if the last trade could be taken or not.
Thank you!
Sekar
ReplyDeleteYes . It can be treated as absorption. Can be a cigarette pattern also.
ST
hi sir
ReplyDeleteI am always hesitating in pulling the trigger ..which causes me to chase the market and hence have more looser trades !!!At the dp's i am taking lot of time to understand in which direction to enter...sir can you please explain the small details which you look at every dp bfr taking the trade?
Akshay
ReplyDeleteYou are not alone. Everybody will have the same problem. We will end up missing all good trades and taking all the losers.
Do not trade for a month. Watch the market in real time and write down your thoughts as an when the price action unfolds.
This will help you to streamline your thought process and gain confidence
ST