This is an illustrative example of the
concepts being discussed.Markings are just visualizations on historical
data in hindsight analysis
Very difficult to day trade today. After 12.30 it was too choppy and market took all the stops from day traders.Morning up move was difficult to capture and normally I would have waited for a second leg up.NS BRN did not support.I will try a TST on second test of BRN which stalled at NS BRN. Will end as a scratch. ( Ignore the first arrow down. Forgot up arrow at BRN)A short at the range high would have yielded good profit but short below DO will end as a scratch. Difficult to capture up move. Short into the fluid also shaken outbefore reaching the target
Very difficult to day trade today. After 12.30 it was too choppy and market took all the stops from day traders.Morning up move was difficult to capture and normally I would have waited for a second leg up.NS BRN did not support.I will try a TST on second test of BRN which stalled at NS BRN. Will end as a scratch. ( Ignore the first arrow down. Forgot up arrow at BRN)A short at the range high would have yielded good profit but short below DO will end as a scratch. Difficult to capture up move. Short into the fluid also shaken outbefore reaching the target
Thanks a lot ST
ReplyDeleteThanks ST..
ReplyDeleteHi ST, are you trading this week? Please post today's chart.
ReplyDelete