Trade1:
Long at 7715, above IRH.. with initial SL 7706
Moved SL to 7710, after a Green candle above IRH
Trail SL hit; exited trade with loss of 7 points
Trade2:
Short at 7745, as BOF of BRN.. with initial SL 7752
Moved SL to 7743, break even.. as no much fall happening
Trail SL hit; exited trade at costPoints earned : -7
Actually today no trading opportunity...correct ? market opened gap up then again go long is high risk bet !!!!!! actually market gone further...I think smart trader's todays approach is good for long run !!!! any comment?
ReplyDeleteLuckyHaa,
ReplyDeleteThere is no definite answer for ur query.. its upto trader discretion.. there is an long opportunity above IRH.. if you can take risk of placing intial SL below IRL.. one can trade it.. some prefer to scratch if NF back into range.. these are all tactics.. dont worry about gap-up's..
take trade as and when u find R:R in favour.. u may like use check-list i posted..
end goal is simple.. take 1:2 R:R trades, plan for early exit, in case move is not happening as expected. else hide SL behind DP's..