Nifty opened within previous day range. First bar acted as the IR. Skipped BOF of IR as IRL/PDC/BRN very close. Attempted a long on BOF of PDC/IRL/BRN. Scratched. BPB of BRN gave a short. Quick 20 point trade.
Yes. Failure to continue above 5620 was a short signal.My focus was on 5630, HOD for a short trade. Some times I become over cautious and skip trades.Playing not to lose rather than playing to win is another psychological problem it seems
Hello
ReplyDeleteWould not the inability to sustain above 5620F give a short trade?
Maybe BOF of 5620F.
Kpl Sir
ReplyDeleteYes. Failure to continue above 5620 was a short signal.My focus was on 5630, HOD for a short trade.
Some times I become over cautious and skip trades.Playing not to lose rather than playing to win is another psychological problem it seems
ST
kpl & ST,
ReplyDeletethat was a good question & a thoughtful answer !!
Just that I m wondering, how long im going to be naive in this market ...
glad i came across this website..(through timamo)..
Zen